Rimini Street, Inc. - Understand $rmni stock

$RMNI Market Cap: $192.3 Million

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Financial Snapshot

Revenue

$426.7M

TTM

Gross Margin

60.15%

TTM

Net Earnings

-$33.53M

TTM

Current Assets

$228.7M

Q3 2024

Current Liabilities

$322.5M

Q3 2024

Current Ratio

70.94%

Q3 2024

Total Assets

$343.8M

Q3 2024

Total Liabilities

$420.6M

Q3 2024

Book Value

-$76.77M

Q3 2024

Cash

$119.5M

Q3 2024

P/E

-5.735

Nov 29, 2024 EST

Free Cash Flow

-$8.571M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$431.5M	$409.7M	$374.4M	$326.8M	$281.1M	$253.5M	$214.9M	$160.2M	$118.2M
YoY Change	5.33%	9.41%	14.58%	16.27%	10.89%	17.97%	34.14%	35.55%	38.53%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$431.5M	$409.7M	$374.4M	$326.8M	$281.1M	$253.5M	$214.9M	$160.2M	$118.2M
Cost Of Revenue	$162.5M	$152.4M	$136.5M	$126.2M	$105.1M	$95.98M	$82.90M	$67.05M	$52.77M
Gross Profit	$269.0M	$257.3M	$238.0M	$200.6M	$175.9M	$157.5M	$132.0M	$93.13M	$65.40M
Gross Profit Margin	62.34%	62.8%	63.55%	61.38%	62.6%	62.13%	61.42%	58.14%	55.34%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Selling, General & Admin	$215.4M	$218.4M	$192.7M	$167.0M	$154.6M	$126.7M	$101.8M	$109.1M	$74.55M
YoY Change	-1.37%	13.35%	15.4%	7.97%	22.06%	24.42%	-6.71%	46.41%	31.25%
% of Gross Profit	80.07%	84.88%	80.96%	83.24%	87.89%	80.45%	77.16%	117.2%	114.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.827M	$2.504M	$2.404M	$1.813M	$1.913M	$1.838M	$1.973M	$1.783M	$1.451M
YoY Change	12.9%	4.16%	32.6%	-5.23%	4.08%	-6.84%	10.66%	22.88%
% of Gross Profit	1.05%	0.97%	1.01%	0.9%	1.09%	1.17%	1.5%	1.91%	2.22%
Operating Expenses	$225.2M	$249.2M	$211.2M	$182.7M	$153.8M	$128.0M	$106.7M	$79.20M	$107.3M
YoY Change	-9.62%	17.99%	15.61%	18.77%	20.21%	19.93%	34.71%	-26.18%	73.04%
Operating Profit	$43.77M	$8.089M	$26.77M	$17.88M	$22.14M	$29.52M	$25.27M	$13.93M	-$41.89M
YoY Change	441.04%	-69.79%	49.7%	-19.21%	-25.02%	16.82%	81.42%	-133.26%	91.26%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Interest Expense	$5.522M	$4.271M	-$7.072M	-$100.0K	-$1.800M	-$90.50M	-$73.90M	-$25.20M	-$1.900M
YoY Change	29.29%	-160.39%	6972.0%	-94.44%	-98.01%	22.46%	193.25%	1226.32%	171.43%
% of Operating Profit	12.62%	52.8%	-26.41%	-0.56%	-8.13%	-306.53%	-292.4%	-180.89%
Other Income/Expense, Net	$2.989M	-$13.00K	-$1.605M	-$258.0K	-$1.495M	-$2.222M	$291.0K	-$1.786M	-$1.104M
YoY Change	-23092.31%	-99.19%	522.09%	-82.74%	-32.72%	-863.57%	-116.29%	61.78%	38.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Pretax Income	$41.23M	$3.805M	$19.44M	$16.16M	$24.12M	-$61.96M	-$48.71M	-$11.41M	-$46.68M
YoY Change	983.63%	-80.42%	20.3%	-33.03%	-138.93%	27.21%	327.05%	-75.57%	-63.18%
Income Tax	$15.17M	$6.285M	-$55.78M	$4.569M	$2.714M	$1.992M	$1.319M	$1.532M	$1.451M
% Of Pretax Income	36.8%	165.18%	-287.03%	28.28%	11.25%
Net Earnings	$26.06M	-$2.480M	$75.22M	$11.59M	$21.41M	-$63.95M	-$50.02M	-$12.94M	-$45.27M
YoY Change	-1150.77%	-103.3%	549.22%	-45.88%	-133.48%	27.84%	286.67%	-71.42%	-64.58%
Net Earnings / Revenue	6.04%	-0.61%	20.09%	3.55%	7.62%	-25.23%	-23.28%	-8.08%	-38.31%
Basic Earnings Per Share	$0.29	-$0.03	$0.54	-$0.21	-$0.06
Diluted Earnings Per Share	$0.29	-$0.03	$0.51	-$0.21	-$0.06	-$1.042M	-$1.553M	-$530.9K	-$1.872M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Short-Term Investments	$125.3M	$129.1M	$119.6M	$87.60M	$38.00M	$24.80M	$22.00M	$9.400M	$1.000M
YoY Change	-3.0%	7.99%	36.5%	130.53%	53.23%	12.73%	134.04%	840.0%
Cash & Equivalents	$115.4M	$109.0M	$119.6M	$87.60M	$38.00M	$24.80M	$22.00M	$9.400M	$1.000M
Short-Term Investments	$9.826M	$20.12M
Other Short-Term Assets	$40.78M	$33.70M	$28.68M	$26.00M	$25.60M	$18.30M	$25.30M	$24.10M	$0.00
YoY Change	21.02%	17.51%	10.29%	1.56%	39.89%	-27.67%	4.98%
Inventory
Prepaid Expenses
Receivables	$119.4M	$116.1M	$135.4M	$117.9M	$111.6M	$80.60M	$63.50M	$55.30M
Other Receivables	$3.228M	$2.792M	$3.068M	$1.800M	$1.800M	$1.000M	$1.300M	$500.0K
Total Short-Term Assets	$288.7M	$281.7M	$286.8M	$233.2M	$176.9M	$124.7M	$112.1M	$89.30M	$1.000M
YoY Change	2.48%	-1.76%	22.97%	31.83%	41.86%	11.24%	25.53%	8830.0%
Property, Plant & Equipment	$16.44M	$13.26M	$17.16M	$22.30M	$3.700M	$3.600M	$4.300M	$4.600M
YoY Change	24.01%	-22.74%	-23.06%	502.7%	2.78%	-16.28%	-6.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$88.67M	$96.08M	$87.34M	$24.40M	$20.60M	$18.20M	$5.800M	$5.500M	$172.6M
YoY Change	-7.71%	10.0%	257.96%	18.45%	13.19%	213.79%	5.45%	-96.81%
Total Long-Term Assets	$105.1M	$109.3M	$104.5M	$46.70M	$24.30M	$21.80M	$10.10M	$10.10M	$172.6M
YoY Change	-3.87%	4.63%	123.77%	92.18%	11.47%	115.84%	0.0%	-94.15%
Total Assets	$393.8M	$391.0M	$391.3M	$279.9M	$201.2M	$146.5M	$122.2M	$99.40M	$173.6M
YoY Change
Accounts Payable	$5.997M	$8.040M	$5.708M	$3.200M	$2.300M	$12.90M	$10.10M	$8.800M	$0.00
YoY Change	-25.41%	40.85%	78.38%	39.13%	-82.17%	27.72%	14.77%
Accrued Expenses	$59.28M	$71.80M	$65.05M	$60.40M	$50.00M	$41.80M	$40.10M	$35.40M
YoY Change	-17.43%	10.37%	7.7%	20.8%	19.62%	4.24%	13.28%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$6.272M	$5.122M	$3.979M	$400.0K	$200.0K	$2.800M	$16.00M	$25.60M
YoY Change	22.45%	28.73%	894.75%	100.0%	-92.86%	-82.5%	-37.5%
Total Short-Term Liabilities	$336.4M	$353.0M	$329.5M	$295.3M	$259.3M	$225.9M	$228.7M	$212.9M	$6.100M
YoY Change	-4.7%	7.14%	11.58%	13.88%	14.79%	-1.22%	7.42%	3390.16%
Long-Term Debt	$64.55M	$70.68M	$80.67M	$1.300M	$200.0K	$0.00	$66.60M	$63.30M	$0.00
YoY Change	-8.68%	-12.38%	6105.23%	550.0%		-100.0%	5.21%
Other Long-Term Liabilities	$32.31M	$44.50M	$61.48M	$46.40M	$33.00M	$32.00M	$37.10M	$36.60M
YoY Change	-27.4%	-27.62%	32.5%	40.61%	3.13%	-13.75%	1.37%
Total Long-Term Liabilities	$96.86M	$115.2M	$142.1M	$47.70M	$33.20M	$32.00M	$103.7M	$99.90M	$0.00
YoY Change	-15.91%	-18.97%	198.0%	43.67%	3.75%	-69.14%	3.8%
Total Liabilities	$433.3M	$468.2M	$471.6M	$343.0M	$292.5M	$257.9M	$332.5M	$312.9M	$6.100M
YoY Change	-7.46%	-0.73%	37.51%	17.26%	13.42%	-22.44%	6.26%	5029.51%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding	89.07M shares	87.67M shares	84.32M shares	71.23M shares	66.05M shares
Diluted Shares Outstanding	89.54M shares	87.67M shares	88.97M shares	71.23M shares	66.05M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $192.3 Million

About Rimini Street, Inc.

Rimini Street, Inc. engages in the provision of enterprise software support products and services. The company is headquartered in Las Vegas, Nevada and currently employs 2,120 full-time employees. The company went IPO on 2015-07-10. The firm's subscription-based software support products and services offer enterprise software licensees a choice of solutions that replace or supplement the support products offered by enterprise software vendors. Its products and services seek to enable its clients to keep their systems operating and to remain in tax, legal and regulatory compliance; improve productivity; and allocate limited budgets, labor, and other resources to investments. Its software support products and service offerings cover a range of enterprise software vendors, product families and product lines. Its supported vendor or product category includes SAP Applications, SAP Databases, Oracle Applications, Oracle Technology, Oracle Databases, Microsoft Databases, IBM Databases, Open-Source Databases, Salesforce, and Other Software. The firm also offers a special support service, Rimini Street Extra Secure Support.

Industry: Services-Business Services, NEC Peers: 8X8 INC /DE/ LOGILITY SUPPLY CHAIN SOLUTIONS, INC Blend Labs, Inc. Rubicon Technologies, Inc. MITEK SYSTEMS INC ON24 INC. SOUNDTHINKING, INC. Salesforce, Inc.