Rimini Street, Inc.
$5.53
−0.06 (−1.07%) · delayed · Nov 13, 2026
Five-year price
52w $2.87 to $5.68
- Market cap
- $513M
- Enterprise value
- $460M
- P/E
- 14.2×
- 59.3× on 3y avg EPS
- EV / EBIT
- 7.7×
- FCF yield
- 10.9%
- ROIC
- —
- Debt / equity
- —
- Piotroski F
- 6/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
50
- –ROIC > 12% (5y avg)5y avg ROIC n/a
- –ROE > 15% (5y avg)5y avg ROE n/a
- ○Stable operating marginsMargin volatility 7.5% (σ, 5y)
- ●Earnings convert to cashFCF / net income 85% (5y avg)
- ●Growing revenueRevenue CAGR 5y 5.2%
- ○Shrinking share countDiluted shares 32.7% over 5y
Value
100
- ●P/E below 15P/E 14.2
- ●EV/EBIT below 12EV/EBIT 7.7
- ●FCF yield above 6%FCF yield 10.9%
- –Price below Graham NumberGraham Number n/a
- –P/B below 3P/B n/a
Safety
75
- –Debt / equity below 0.5D/E n/a
- ●Debt payable in < 4 yrs of earningsNet debt $-0.1B
- ●Interest coverage > 8xCoverage 9.7x
- ○Current ratio > 1.5Current ratio 0.86
- ●Piotroski F-score ≥ 6F-score 6/9
Graham Defensive
0
- ○Adequate size (revenue > $2B)Revenue $0.4B
- ○Strong condition (current ratio ≥ 2)Current ratio 0.86
- ○Earnings stability (no loss, 10y)10 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- –Earnings growth ≥ 33% (10y, 3y avgs)n/a
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 59.3
- –P/E × P/B ≤ 22.5Product n/a
Valuation lab
What do you have to believe?
At $5.53, the market is pricing in about −6.3% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt −$53M · 93M shares · 5y revenue CAGR 5.2%
Intrinsic value
$12.00
Price
$5.53
Margin of safety
54%
What the price implies
The market is paying for −6.3% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
57% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 160 | 215 | 253 | 281 | 327 | 374 | 410 | 431 | 429 | 422 |
| Gross profit | 93 | 132 | 157 | 176 | 201 | 238 | 257 | 269 | 261 | 255 |
| Operating income | 14 | 25 | 30 | 22 | 18 | 27 | 8 | 44 | (32) | 60 |
| Operating margin | 8.7% | 11.8% | 11.6% | 7.9% | 5.5% | 7.2% | 2.0% | 10.1% | -7.5% | 14.2% |
| Pre-tax income | (11) | (49) | (62) | 24 | 16 | 19 | 4 | 41 | (37) | 56 |
| Income tax | 2 | 1 | 2 | 3 | 5 | (56) | 6 | 15 | (0) | 19 |
| Net income | (13) | (50) | (64) | 21 | 12 | 75 | (2) | 26 | (36) | 37 |
| EPS (diluted) | -0.95 | -1.55 | -1.22 | -0.06 | -0.21 | 0.51 | -0.03 | 0.29 | -0.40 | 0.39 |
| Diluted shares | — | — | — | 66 | 71 | 89 | 88 | 90 | 91 | 94 |
Who owns it