Rimini Street Financials
This page shows Rimini Street (RMNI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Rimini Street has an operating margin of 14.2%, meaning the company retains $14 of operating profit per $100 of revenue. This results in a moderate score of 54/100, indicating healthy but not exceptional operating efficiency. This is up from -7.5% the prior year.
Rimini Street's revenue declined 1.7% year-over-year, from $428.8M to $421.5M. This contraction results in a growth score of 31/100.
Rimini Street's current ratio of 0.86 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 12/100, which could limit financial flexibility.
Rimini Street has a free cash flow margin of 13.2%, earning a moderate score of 58/100. The company generates positive cash flow after capital investments, but with room for improvement.
Rimini Street scores 1.07, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Rimini Street passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Rimini Street generates $1.62 in operating cash flow ($60.2M OCF vs $37.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Rimini Street earns $9.7 in operating income for every $1 of interest expense ($59.9M vs $6.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Rimini Street generated $421.5M in revenue in fiscal year 2025. This represents a decrease of 1.7% from the prior year.
Rimini Street's EBITDA was $63.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 323.5% from the prior year.
Rimini Street reported $37.1M in net income in fiscal year 2025. This represents an increase of 202.3% from the prior year.
Rimini Street earned $0.39 per diluted share (EPS) in fiscal year 2025. This represents an increase of 197.5% from the prior year.
Cash & Balance Sheet
Rimini Street generated $55.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 231.8% from the prior year.
Rimini Street held $120.0M in cash against $63.2M in long-term debt as of fiscal year 2025.
Rimini Street had 92M shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.
Margins & Returns
Rimini Street's gross margin was 60.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the prior year.
Rimini Street's operating margin was 14.2% in fiscal year 2025, reflecting core business profitability. This is up 21.7 percentage points from the prior year.
Rimini Street's net profit margin was 8.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 17.3 percentage points from the prior year.
Capital Allocation
Rimini Street spent $7.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Rimini Street invested $4.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 35.3% from the prior year.
RMNI Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $109.8M+6.2% | $103.4M-0.7% | $104.1M-0.1% | $104.2M-8.8% | $114.2M+9.1% | $104.7M+1.5% | $103.1M-3.4% | $106.7M |
| Cost of Revenue | $43.5M+4.9% | $41.5M+0.6% | $41.3M+1.5% | $40.7M-2.0% | $41.5M+0.9% | $41.1M-2.5% | $42.2M-1.7% | $42.9M |
| Gross Profit | $66.3M+7.0% | $61.9M-1.5% | $62.9M-1.1% | $63.5M-12.6% | $72.7M+14.4% | $63.5M+4.3% | $60.9M-4.5% | $63.8M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $17.4M-4.7% | $18.2M+8.3% | $16.8M-3.9% | $17.5M-5.9% | $18.6M+12.7% | $16.5M-15.4% | $19.5M+6.1% | $18.4M |
| Operating Income | $5.0M+13.2% | $4.4M-89.4% | $41.2M+340.1% | $9.4M-37.1% | $14.9M+130.0% | -$49.6M-6299.2% | -$775K-123.0% | $3.4M |
| Interest Expense | $1.4M-3.1% | $1.4M-11.2% | $1.6M-2.7% | $1.7M-12.0% | $1.9M+20.7% | $1.6M+6.3% | $1.5M+10.6% | $1.3M |
| Income Tax | $3.0M+330.0% | $704K-93.3% | $10.5M+147.5% | $4.3M-32.3% | $6.3M+172.2% | -$8.7M-2380.9% | $382K-77.1% | $1.7M |
| Net Income | $724K-73.8% | $2.8M-90.9% | $30.3M+803.2% | $3.4M-49.7% | $6.7M+115.5% | -$43.1M-3654.4% | -$1.1M-187.2% | $1.3M |
| EPS (Diluted) | N/A | $0.03-90.6% | $0.32+700.0% | $0.04 | N/A | $-0.47-4600.0% | $-0.01-200.0% | $0.01 |
RMNI Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $423.1M+19.9% | $352.9M-11.2% | $397.5M+15.9% | $343.0M-7.1% | $369.1M+7.3% | $343.8M-6.4% | $367.4M+4.6% | $351.2M |
| Current Assets | $300.4M+28.4% | $234.0M-17.1% | $282.1M+20.0% | $235.2M-8.2% | $256.3M+12.0% | $228.7M-13.0% | $262.9M+5.9% | $248.4M |
| Cash & Equivalents | $120.0M+10.4% | $108.7M+7.3% | $101.3M-17.4% | $122.6M+38.0% | $88.8M-25.7% | $119.5M-11.0% | $134.2M+4.0% | $129.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $136.9M+65.8% | $82.5M-18.8% | $101.6M+36.7% | $74.4M-43.1% | $130.8M+95.2% | $67.0M-23.0% | $87.0M+10.4% | $78.8M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $450.1M+18.4% | $380.1M-10.9% | $426.5M+4.9% | $406.7M-7.2% | $438.5M+4.3% | $420.6M+4.2% | $403.5M+4.1% | $387.5M |
| Current Liabilities | $347.4M+26.2% | $275.3M-10.3% | $306.8M+3.9% | $295.2M-9.0% | $324.6M+0.7% | $322.5M+6.3% | $303.2M+3.6% | $292.8M |
| Long-Term Debt | $63.2M-1.9% | $64.4M-14.9% | $75.6M-7.1% | $81.4M-0.9% | $82.2M+20.9% | $68.0M-1.1% | $68.7M+9.5% | $62.8M |
| Total Equity | -$27.0M+0.9% | -$27.3M+6.0% | -$29.0M+54.4% | -$63.7M+8.3% | -$69.4M+9.5% | -$76.8M-112.6% | -$36.1M+0.5% | -$36.3M |
| Retained Earnings | -$201.4M+0.4% | -$202.1M+1.4% | -$204.9M+12.9% | -$235.1M+1.4% | -$238.5M+2.7% | -$245.1M-21.3% | -$202.0M-0.6% | -$200.9M |
RMNI Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $19.6M-20.9% | $24.7M+239.1% | -$17.8M-152.7% | $33.7M+189.5% | -$37.7M-103.5% | -$18.5M-395.9% | $6.3M-43.6% | $11.1M |
| Capital Expenditures | $706K-41.4% | $1.2M-31.8% | $1.8M+97.3% | $895K+31.6% | $680K+1.5% | $670K-21.7% | $856K-27.0% | $1.2M |
| Free Cash Flow | $18.9M-19.8% | $23.5M+220.4% | -$19.5M-159.5% | $32.8M+185.5% | -$38.4M-100.0% | -$19.2M-455.2% | $5.4M-45.5% | $9.9M |
| Investing Cash Flow | -$706K+41.4% | -$1.2M+31.8% | -$1.8M-97.3% | -$895K-31.6% | -$680K-1.5% | -$670K+21.7% | -$856K-109.9% | $8.7M |
| Financing Cash Flow | -$4.8M+67.5% | -$14.8M-144.6% | -$6.0M-487.8% | -$1.0M-107.3% | $14.0M+1458.9% | -$1.0M-136.1% | $2.8M+260.5% | -$1.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $3.8M | N/A | N/A | N/A | $0 | $0 | N/A | N/A |
RMNI Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.4%+0.5pp | 59.9%-0.5pp | 60.4%-0.6pp | 61.0%-2.7pp | 63.7%+3.0pp | 60.7%+1.6pp | 59.1%-0.7pp | 59.8% |
| Operating Margin | 4.5%+0.3pp | 4.2%-35.3pp | 39.6%+30.6pp | 9.0%-4.0pp | 13.0%+60.4pp | -47.4%-46.6pp | -0.8%-3.9pp | 3.1% |
| Net Margin | 0.7%-2.0pp | 2.7%-26.4pp | 29.1%+25.9pp | 3.2%-2.6pp | 5.8%+47.0pp | -41.2%-40.1pp | -1.1%-2.3pp | 1.2% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 0.2%-0.6pp | 0.8%-6.8pp | 7.6%+6.6pp | 1.0%-0.8pp | 1.8%+14.3pp | -12.5%-12.2pp | -0.3%-0.7pp | 0.4% |
| Current Ratio | 0.86+0.0 | 0.85-0.1 | 0.92+0.1 | 0.800.0 | 0.79+0.1 | 0.71-0.2 | 0.87+0.0 | 0.85 |
| Debt-to-Equity | -2.34+0.0 | -2.36+0.2 | -2.61-1.3 | -1.28-0.1 | -1.18-0.3 | -0.89+1.0 | -1.90-0.2 | -1.73 |
| FCF Margin | 17.2%-5.6pp | 22.7%+41.5pp | -18.8%-50.3pp | 31.5%+65.1pp | -33.6%-15.3pp | -18.3%-23.6pp | 5.2%-4.0pp | 9.3% |
Note: Shareholder equity is negative (-$27.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.86), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Rimini Street's annual revenue?
Rimini Street (RMNI) reported $421.5M in total revenue for fiscal year 2025. This represents a -1.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Rimini Street's revenue growing?
Rimini Street (RMNI) revenue declined by 1.7% year-over-year, from $428.8M to $421.5M in fiscal year 2025.
Is Rimini Street profitable?
Yes, Rimini Street (RMNI) reported a net income of $37.1M in fiscal year 2025, with a net profit margin of 8.8%.
What is Rimini Street's EBITDA?
Rimini Street (RMNI) had EBITDA of $63.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Rimini Street have?
As of fiscal year 2025, Rimini Street (RMNI) had $120.0M in cash and equivalents against $63.2M in long-term debt.
What is Rimini Street's gross margin?
Rimini Street (RMNI) had a gross margin of 60.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Rimini Street's operating margin?
Rimini Street (RMNI) had an operating margin of 14.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Rimini Street's net profit margin?
Rimini Street (RMNI) had a net profit margin of 8.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Rimini Street's free cash flow?
Rimini Street (RMNI) generated $55.6M in free cash flow during fiscal year 2025. This represents a 231.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Rimini Street's operating cash flow?
Rimini Street (RMNI) generated $60.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Rimini Street's total assets?
Rimini Street (RMNI) had $423.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Rimini Street's capital expenditures?
Rimini Street (RMNI) invested $4.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Rimini Street's current ratio?
Rimini Street (RMNI) had a current ratio of 0.86 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Rimini Street's debt-to-equity ratio?
Rimini Street (RMNI) had a debt-to-equity ratio of -2.34 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Rimini Street's return on assets (ROA)?
Rimini Street (RMNI) had a return on assets of 8.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Rimini Street's debt-to-equity ratio negative or unusual?
Rimini Street (RMNI) has negative shareholder equity of -$27.0M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Rimini Street's Altman Z-Score?
Rimini Street (RMNI) has an Altman Z-Score of 1.07, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Rimini Street's Piotroski F-Score?
Rimini Street (RMNI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Rimini Street's earnings high quality?
Rimini Street (RMNI) has an earnings quality ratio of 1.62x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Rimini Street cover its interest payments?
Rimini Street (RMNI) has an interest coverage ratio of 9.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Rimini Street?
Rimini Street (RMNI) scores 39 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.