Rimini Street Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Rimini Street has an operating margin of -7.5%, meaning the company retains $-7 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 10.1% the prior year.
Rimini Street's revenue declined 0.6% year-over-year, from $431.5M to $428.8M. This contraction results in a growth score of 27/100.
Rimini Street's current ratio of 0.79 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 12/100, which could limit financial flexibility.
While Rimini Street generated -$38.8M in operating cash flow, capex of $3.4M consumed most of it, leaving -$42.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Rimini Street passes 1 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Rimini Street generates $1.07 in operating cash flow (-$38.8M OCF vs -$36.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Rimini Street earns $-5.1 in operating income for every $1 of interest expense (-$32.1M vs $6.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Rimini Street (RMNI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
Key Financial Metrics
Rimini Street generated $428.8M in revenue in fiscal year 2024. This represents a decrease of 0.6% from the prior year.
Rimini Street's EBITDA was -$28.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 161.2% from the prior year.
Rimini Street generated -$42.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 903.6% from the prior year.
Rimini Street reported -$36.3M in net income in fiscal year 2024. This represents a decrease of 239.2% from the prior year.
Rimini Street earned $-0.40 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 237.9% from the prior year.
Rimini Street held $88.8M in cash against $82.2M in long-term debt as of fiscal year 2024.
Rimini Street had 91M shares outstanding in fiscal year 2024. This represents an increase of 1.7% from the prior year.
Rimini Street's gross margin was 60.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.5 percentage points from the prior year.
Rimini Street's operating margin was -7.5% in fiscal year 2024, reflecting core business profitability. This is down 17.6 percentage points from the prior year.
Rimini Street's net profit margin was -8.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 14.5 percentage points from the prior year.
Rimini Street spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Rimini Street invested $3.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 53.2% from the prior year.
RMNI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $103.4M-0.7% | $104.1M-0.1% | $104.2M-8.8% | $114.2M+10.8% | $103.1M-3.4% | $106.7M-4.8% | $112.1M+4.3% | $107.5M |
| Cost of Revenue | $41.5M+0.6% | $41.3M+1.5% | $40.7M-2.0% | $41.5M-1.6% | $42.2M-1.7% | $42.9M-1.8% | $43.7M+9.0% | $40.1M |
| Gross Profit | $61.9M-1.5% | $62.9M-1.1% | $63.5M-12.6% | $72.7M+19.3% | $60.9M-4.5% | $63.8M-6.7% | $68.4M+1.6% | $67.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $18.2M+8.3% | $16.8M-3.9% | $17.5M-5.9% | $18.6M-4.6% | $19.5M+6.1% | $18.4M+4.7% | $17.6M-4.4% | $18.4M |
| Operating Income | $4.4M-89.4% | $41.2M+340.1% | $9.4M-37.1% | $14.9M+2019.7% | -$775K-123.0% | $3.4M-70.9% | $11.5M+2.7% | $11.2M |
| Interest Expense | $1.4M-11.2% | $1.6M-2.7% | $1.7M-12.0% | $1.9M+28.4% | $1.5M+10.6% | $1.3M-3.0% | $1.4M-2.1% | $1.4M |
| Income Tax | $704K-93.3% | $10.5M+147.5% | $4.3M-32.3% | $6.3M+1546.9% | $382K-77.1% | $1.7M-16.7% | $2.0M-50.1% | $4.0M |
| Net Income | $2.8M-90.9% | $30.3M+803.2% | $3.4M-49.7% | $6.7M+680.1% | -$1.1M-187.2% | $1.3M-85.9% | $9.4M+37.5% | $6.8M |
| EPS (Diluted) | $0.03-90.6% | $0.32+700.0% | $0.04-42.9% | $0.07+800.0% | $-0.01-200.0% | $0.01-90.0% | $0.10+25.0% | $0.08 |
RMNI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $352.9M-11.2% | $397.5M+15.9% | $343.0M-7.1% | $369.1M+0.5% | $367.4M+4.6% | $351.2M-10.8% | $393.8M+17.6% | $335.0M |
| Current Assets | $234.0M-17.1% | $282.1M+20.0% | $235.2M-8.2% | $256.3M-2.5% | $262.9M+5.9% | $248.4M-14.0% | $288.7M+24.4% | $232.1M |
| Cash & Equivalents | $108.7M+7.3% | $101.3M-17.4% | $122.6M+38.0% | $88.8M-33.8% | $134.2M+4.0% | $129.0M+11.8% | $115.4M+6.6% | $108.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $82.5M-18.8% | $101.6M+36.7% | $74.4M-43.1% | $130.8M+50.4% | $87.0M+10.4% | $78.8M-34.0% | $119.4M+95.2% | $61.2M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $380.1M-10.9% | $426.5M+4.9% | $406.7M-7.2% | $438.5M+8.7% | $403.5M+4.1% | $387.5M-10.6% | $433.3M+11.7% | $388.0M |
| Current Liabilities | $275.3M-10.3% | $306.8M+3.9% | $295.2M-9.0% | $324.6M+7.0% | $303.2M+3.6% | $292.8M-13.0% | $336.4M+16.5% | $288.8M |
| Long-Term Debt | $64.4M-14.9% | $75.6M-7.1% | $81.4M-0.9% | $82.2M+19.6% | $68.7M+9.5% | $62.8M-2.3% | $64.2M-2.2% | $65.7M |
| Total Equity | -$27.3M+6.0% | -$29.0M+54.4% | -$63.7M+8.3% | -$69.4M-92.3% | -$36.1M+0.5% | -$36.3M+8.1% | -$39.5M+25.5% | -$53.0M |
| Retained Earnings | -$202.1M+1.4% | -$204.9M+12.9% | -$235.1M+1.4% | -$238.5M-18.0% | -$202.0M-0.6% | -$200.9M+0.7% | -$202.2M+4.4% | -$211.6M |
RMNI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $24.7M+239.1% | -$17.8M-152.7% | $33.7M+189.5% | -$37.7M-702.2% | $6.3M-43.6% | $11.1M+1067.5% | -$1.1M+85.9% | -$8.1M |
| Capital Expenditures | $1.2M-31.8% | $1.8M+97.3% | $895K+31.6% | $680K-20.6% | $856K-27.0% | $1.2M-67.1% | $3.6M+128.2% | $1.6M |
| Free Cash Flow | $23.5M+220.4% | -$19.5M-159.5% | $32.8M+185.5% | -$38.4M-810.2% | $5.4M-45.5% | $9.9M+310.8% | -$4.7M+51.5% | -$9.7M |
| Investing Cash Flow | -$1.2M+31.8% | -$1.8M-97.3% | -$895K-31.6% | -$680K+20.6% | -$856K-109.9% | $8.7M+19.6% | $7.2M+339.7% | -$3.0M |
| Financing Cash Flow | -$14.8M-144.6% | -$6.0M-487.8% | -$1.0M-107.3% | $14.0M+390.3% | $2.8M+260.5% | -$1.8M-0.2% | -$1.8M0.0% | -$1.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | $0 | N/A | N/A | $0 | $0 |
RMNI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.9%-0.5pp | 60.4%-0.6pp | 61.0%-2.7pp | 63.7%+4.6pp | 59.1%-0.7pp | 59.8%-1.2pp | 61.0%-1.7pp | 62.7% |
| Operating Margin | 4.2%-35.3pp | 39.6%+30.6pp | 9.0%-4.0pp | 13.0%+13.8pp | -0.8%-3.9pp | 3.1%-7.1pp | 10.3%-0.2pp | 10.5% |
| Net Margin | 2.7%-26.4pp | 29.1%+25.9pp | 3.2%-2.6pp | 5.8%+6.9pp | -1.1%-2.3pp | 1.2%-7.1pp | 8.3%+2.0pp | 6.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 0.8%-6.8pp | 7.6%+6.6pp | 1.0%-0.8pp | 1.8%+2.1pp | -0.3%-0.7pp | 0.4%-2.0pp | 2.4%+0.3pp | 2.0% |
| Current Ratio | 0.85-0.1 | 0.92+0.1 | 0.800.0 | 0.79-0.1 | 0.87+0.0 | 0.850.0 | 0.86+0.1 | 0.80 |
| Debt-to-Equity | -2.36+0.2 | -2.61-1.3 | -1.28-0.1 | -1.18+0.7 | -1.90-0.2 | -1.73-0.1 | -1.63-0.4 | -1.24 |
| FCF Margin | 22.7%+41.5pp | -18.8%-50.3pp | 31.5%+65.1pp | -33.6%-38.8pp | 5.2%-4.0pp | 9.3%+13.5pp | -4.2%+4.8pp | -9.0% |
Note: Shareholder equity is negative (-$69.4M), 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 (0.79), 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 $428.8M in total revenue for fiscal year 2024. This represents a -0.6% 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 0.6% year-over-year, from $431.5M to $428.8M in fiscal year 2024.
Is Rimini Street profitable?
No, Rimini Street (RMNI) reported a net income of -$36.3M in fiscal year 2024, with a net profit margin of -8.5%.
What is Rimini Street's earnings per share (EPS)?
Rimini Street (RMNI) reported diluted earnings per share of $-0.40 for fiscal year 2024. This represents a -237.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Rimini Street's EBITDA?
Rimini Street (RMNI) had EBITDA of -$28.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Rimini Street have?
As of fiscal year 2024, Rimini Street (RMNI) had $88.8M in cash and equivalents against $82.2M in long-term debt.
What is Rimini Street's gross margin?
Rimini Street (RMNI) had a gross margin of 60.9% in fiscal year 2024, 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 -7.5% in fiscal year 2024, 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 -8.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Rimini Street's free cash flow?
Rimini Street (RMNI) generated -$42.2M in free cash flow during fiscal year 2024. This represents a -903.6% 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 -$38.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Rimini Street's total assets?
Rimini Street (RMNI) had $369.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Rimini Street's capital expenditures?
Rimini Street (RMNI) invested $3.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Rimini Street have outstanding?
Rimini Street (RMNI) had 91M shares outstanding as of fiscal year 2024.
What is Rimini Street's current ratio?
Rimini Street (RMNI) had a current ratio of 0.79 as of fiscal year 2024, 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 -1.18 as of fiscal year 2024, 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 -9.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Rimini Street's cash runway?
Based on fiscal year 2024 data, Rimini Street (RMNI) had $88.8M in cash against an annual operating cash burn of $38.8M. This gives an estimated cash runway of approximately 27 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Rimini Street's debt-to-equity ratio negative or unusual?
Rimini Street (RMNI) has negative shareholder equity of -$69.4M as of fiscal year 2024, 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 Piotroski F-Score?
Rimini Street (RMNI) has a Piotroski F-Score of 1 out of 9, indicating weak 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 1.07x, considered low quality (accrual-driven). 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 -5.1x, meaning it can struggle to 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 10 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.