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Rimini Street, Inc. provides enterprise software products, services, and support. The company engages in the provision of support services for Oracle and SAP enterprise software products. It also provides Rimini ONE, an outsourcing option that offers a set of unified and integrated services to run, manage, support, customize, configure, connect, protect, monitor, and optimize its clients' application, database, and technology enterprise software; Rimini Support, a mission-critical support for Oracle, SAP, proprietary and open-source database, and technology software; Rimini Manage, a suite of managed services for application and database software; Rimini Protect, a suite of personalized software security services and solutions; and Rimini Connect, a suite of managed interoperability solutions for browsers, operating systems, and email systems. In addition, the company offers Rimini Watch, a suite of observability solutions that include monitoring and system health check solutions; Rimini Consult, a suite of professional services for clients' enterprise software customization, configuration, implementation, integration, interoperability, migration, staff augmentation, and other project needs; and Rimini Custom, a program that expands support and related services to a broader portfolio of enterprise software. The company serves Fortune 500 companies and Fortune Global 100 companies across various industries. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific. The company was incorporated in 2005 and is headquartered in Las Vegas, Nevada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Rimini Street provides third-party enterprise software support and related services for Oracle and SAP products, offering subscription alternatives to vendor maintenance. Long-term growth may be driven by enterprises seeking lower support costs, expansion of managed services, and recurring subscription revenue that could support margin improvement.
Key investment risks include legal and contractual exposure from large vendors, competition from incumbent software suppliers and cloud providers, and execution challenges in retaining customers and growing internationally.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 3.81M | 19.43M | 17.55M | 20.24M | -65.97M |
| Net income | -2.48M | 75.22M | 12.98M | 17.53M | -67.97M |
| Selling general administrative | 75.37M | 64.17M | 52.22M | 47.36M | 36.98M |
| Selling and marketing expenses | 143.02M | 128.50M | 114.74M | 107.28M | 93.22M |
| Gross profit | 257.28M | 237.97M | 200.57M | 175.95M | 156.81M |
| Reconciled depreciation | 8.03M | 8.54M | 8.01M | 1.91M | 1.84M |
| Ebit | 30.84M | 26.77M | 25.34M | 22.14M | 26.61M |
| Ebitda | 38.88M | 43.69M | 33.35M | 19.81M | -33.78M |
| Depreciation and amortization | 8.03M | 16.92M | 8.01M | -2.33M | -60.40M |
| Non operating income net other | -0.01M | -5.79M | -0.26M | -1.50M | -58.80M |
| Operating income | 30.84M | 26.77M | 25.34M | 22.14M | 26.61M |
| Other operating expenses | 370.77M | 329.13M | 293.17M | 259.75M | 226.18M |
| Interest expense | 4.27M | 1.55M | 0.08M | 0.40M | 32.53M |
| Tax provision | 6.29M | -55.78M | 4.57M | 2.71M | 1.99M |
| Interest income | 0.23M | 0.06M | 0.02M | 0.26M | 0.25M |
| Net interest income | -4.04M | -1.50M | -0.05M | -0.14M | -90.61M |
| Non recurring | 2.52M | 7.53M | 14.55M | -8.00M | 1.26M |
| Income tax expense | 6.29M | -55.78M | 4.57M | 2.71M | 1.99M |
| Total revenue | 409.66M | 374.43M | 326.78M | 281.05M | 252.79M |
| Total operating expenses | 218.38M | 192.67M | 166.96M | 154.64M | 130.20M |
| Cost of revenue | 152.38M | 136.46M | 126.21M | 105.11M | 95.98M |
| Total other income expense net | -27.04M | -7.34M | -7.79M | -1.89M | -92.58M |
| Net income from continuing ops | -2.48M | 75.22M | 12.98M | 17.53M | -67.97M |
| Net income applicable to common shares | -2.48M | 45.20M | -13.83M | -7.91M | -78.61M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 408.05M | 391.04M | 391.26M | 279.94M | 201.22M |
| Other current assets | 22.42M | 18.85M | 16.34M | 13.46M | 15.21M |
| Total liab | 447.55M | 468.21M | 471.65M | 480.87M | 423.81M |
| Total stockholder equity | -39.50M | -77.17M | -80.39M | -200.94M | -222.59M |
| Deferred long term liab | - | 23.51M | 21.52M | 21.03M | 16.30M |
| Other current liab | 56.73M | 70.14M | 62.68M | 59.18M | 51.04M |
| Common stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M |
| Capital stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M |
| Retained earnings | -202.21M | -228.27M | -225.79M | -301.68M | -314.65M |
| Other liab | - | 35.41M | 49.98M | 29.18M | 31.85M |
| Other assets | - | 96.08M | 87.34M | 41.90M | 20.63M |
| Cash | 115.85M | 109.01M | 119.57M | 87.58M | 37.95M |
| Total current liabilities | 336.43M | 353.03M | 329.50M | 295.33M | 259.34M |
| Current deferred revenue | 263.12M | 265.84M | 253.22M | 228.97M | 205.77M |
| Net debt | -33.87M | -20.90M | -19.51M | -67.64M | -37.73M |
| Short term debt | 10.59M | 9.01M | 7.89M | 3.94M | 0.22M |
| Short long term debt | 5.91M | 4.79M | 3.66M | - | - |
| Short long term debt total | 81.98M | 88.11M | 100.06M | 19.93M | 0.22M |
| Other stockholder equity | -226.92M | -235.76M | -243.14M | -36.81M | -37.83M |
| Property plant equipment | - | 13.26M | 17.16M | 4.82M | 3.67M |
| Total current assets | 270.75M | 281.71M | 286.76M | 233.22M | 176.92M |
| Net tangible assets | - | -77.17M | -80.39M | -63.08M | -91.28M |
| Short term investments | 9.83M | 20.11M | - | - | - |
| Net receivables | 122.66M | 116.09M | 135.45M | 117.94M | 111.57M |
| Long term debt | 64.23M | 70.00M | 79.66M | - | - |
| Inventory | - | 17.64M | 15.40M | 14.25M | 12.19M |
| Accounts payable | 6.00M | 8.04M | 5.71M | 3.24M | 2.30M |
| Accumulated other comprehensive income | -4.17M | -4.20M | -2.72M | -0.32M | -1.43M |
| Common stock total equity | - | 0.01M | 0.01M | 0.01M | 0.01M |
| Retained earnings total equity | - | -228.27M | -225.79M | -301.68M | -314.65M |
| Treasury stock | - | -1.12M | -1.12M | - | - |
| Non currrent assets other | 46.71M | 30.57M | 23.31M | 22.50M | 19.38M |
| Non current assets total | 137.29M | 109.33M | 104.50M | 46.72M | 24.30M |
| Capital lease obligations | 11.52M | 13.65M | 17.05M | 20.36M | 0.22M |
| Long term debt total | - | 70.00M | 79.66M | - | 0.15M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -20.11M | -2.11M | -1.48M | -1.87M | -1.05M |
| Change to liabilities | 5.25M | 5.98M | 2.50M | -2.25M | 30.29M |
| Total cashflows from investing activities | -24.45M | -2.11M | -1.48M | -1.87M | -1.05M |
| Net borrowings | -9.50M | 82.88M | 1.64M | -3.44M | -152.26M |
| Total cash from financing activities | -13.57M | -26.57M | 6.38M | -5.74M | -34.77M |
| Change to operating activities | -7.98M | -1.53M | -2.14M | -1.95M | -12.74M |
| Net income | -2.48M | 75.22M | 12.98M | 17.53M | -67.97M |
| Change in cash | -10.56M | 32.08M | 49.52M | 13.18M | -14.82M |
| Begin period cash flow | 119.99M | 87.91M | 38.39M | 25.21M | 40.03M |
| End period cash flow | 109.43M | 119.99M | 87.91M | 38.39M | 25.21M |
| Total cash from operating activities | 34.90M | 66.94M | 42.10M | 20.39M | 22.38M |
| Issuance of capital stock | 0.00M | 56.97M | 25.66M | 9.11M | 133.00M |
| Depreciation | 8.03M | 8.54M | 8.01M | 1.91M | 1.84M |
| Dividends paid | 0.00M | 12.68M | 15.78M | 14.74M | 2.85M |
| Change to inventory | - | -3.46M | 3.19M | -9.24M | - |
| Change to account receivables | 18.92M | -18.79M | -8.55M | -31.22M | -18.04M |
| Sale purchase of stock | -4.74M | -157.87M | -4.50M | -9.11M | -2.85M |
| Other cashflows from financing activities | 1.01M | 89.70M | 1.25M | 11.99M | 127.72M |
| Change to netincome | 11.85M | -46.78M | 8.16M | 5.33M | 5.15M |
| Capital expenditures | 4.33M | 2.11M | 1.48M | 1.87M | 1.05M |
| Change receivables | 18.92M | -18.79M | -8.55M | -31.22M | -18.04M |
| Cash flows other operating | -1.13M | 48.90M | 25.20M | 29.08M | 3.24M |
| Cash and cash equivalents changes | -3.12M | 38.27M | 46.99M | 12.78M | -13.45M |
| Change in working capital | 16.52M | 29.52M | 12.96M | -4.57M | 5.08M |
| Stock based compensation | 10.89M | 9.71M | 7.46M | 5.53M | 4.39M |
| Other non cash items | 4.00M | 6.27M | 1.21M | 0.32M | 79.27M |
| Free cash flow | 30.57M | 64.84M | 40.62M | 18.51M | 21.33M |
Sector: Technology Industry: Software - Application
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| RMNI Rimini Street Inc |
0.02 0.41% |
4.90 | 11.04 | 7.00 | 0.60 | - | 0.50 | 3.97 |
| SAP SAP SE ADR |
-3.31 1.42% |
230.31 | 28.16 | 22.42 | 6.52 | 4.85 | 5.60 | 16.61 |
| CRM Salesforce.com Inc |
-3.98 1.76% |
222.20 | 23.41 | 15.55 | 4.79 | 5.56 | 5.55 | 14.88 |
| SAPGF SAP SE |
-3.03 1.29% |
232.00 | 76.28 | 22.88 | 5.61 | 3.84 | 5.59 | 26.18 |
| SHOP Shopify Inc |
-13.65 8.74% |
142.57 | 90.18 | 53.19 | 12.70 | 13.17 | 12.23 | 67.86 |
Rimini Street, Inc. provides enterprise software products, services, and support. The company engages in the provision of support services for Oracle and SAP enterprise software products. It also provides Rimini ONE, an outsourcing option that offers a set of unified and integrated services to run, manage, support, customize, configure, connect, protect, monitor, and optimize its clients' application, database, and technology enterprise software; Rimini Support, a mission-critical support for Oracle, SAP, proprietary and open-source database, and technology software; Rimini Manage, a suite of managed services for application and database software; Rimini Protect, a suite of personalized software security services and solutions; and Rimini Connect, a suite of managed interoperability solutions for browsers, operating systems, and email systems. In addition, the company offers Rimini Watch, a suite of observability solutions that include monitoring and system health check solutions; Rimini Consult, a suite of professional services for clients' enterprise software customization, configuration, implementation, integration, interoperability, migration, staff augmentation, and other project needs; and Rimini Custom, a program that expands support and related services to a broader portfolio of enterprise software. The company serves Fortune 500 companies and Fortune Global 100 companies across various industries. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific. The company was incorporated in 2005 and is headquartered in Las Vegas, Nevada.
7251 West Lake Mead Blvd, Las Vegas, NV, United States, 89128
702 839 9671
2130
| Name | Title | Year Born |
|---|---|---|
| Mr. Seth A. Ravin | Founder, Chairman & CEO | 1967 |
| Mr. Michael L. Perica | Exec. VP, CFO & Principal Accounting Officer | NA |
| Mr. Sebastian Grady | Pres | 1965 |
| Mr. Alex Goldvug | VP of Global Operations | NA |
| Ms. Alisa De Dominicis | VP of Global Operations, Legal, Ethics & Compliance | NA |
| Mr. Eric Helmer | Sr. VP & CTO | NA |
| Mr. Steven Salaets | Chief Information Officer & Exec. VP of Global Shared Services | 1978 |
| Mr. Dean Pohl | VP of Investor Relations | NA |
| Mr. Michael Spencer | GVP, Chief Counsel and Chief Ethics & Compliance Officer | NA |
| Mr. Jeff Spicer | Exec. VP & Chief Marketing Officer | NA |
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