Rimini Street Balance Sheet Health
Financial Health criteria checks 2/6
Rimini Street has a total shareholder equity of $-27.0M and total debt of $67.7M, which brings its debt-to-equity ratio to -250.4%. Its total assets and total liabilities are $423.1M and $450.1M respectively. Rimini Street's EBIT is $33.0M making its interest coverage ratio 23.6. It has cash and short-term investments of $121.6M.
Key information
-250.45%
Debt to equity ratio
US$67.69m
Debt
| Interest coverage ratio | 23.6x |
| Cash | US$121.58m |
| Equity | -US$27.03m |
| Total liabilities | US$450.14m |
| Total assets | US$423.11m |
Recent financial health updates
Recent updates
RMNI: New Enterprise Wins And Ongoing Buybacks Will Support Future Upside
Analysts have trimmed their price target on Rimini Street to $5.95. This modest reset reflects slightly updated assumptions for discount rate, revenue growth, profit margin, and future P/E, while keeping their overall valuation view broadly in line with prior estimates.RMNI: Expanded Customer Wins And Buybacks Will Support Future Upside
Analysts have trimmed their Rimini Street price target from $6.63 to $5.95, citing updated assumptions around revenue growth, profit margins, the discount rate, and a higher future P/E multiple to better reflect their current view of the company. What's in the News Lwart Environmental Solutions expanded its long-running partnership by adding Rimini Support for SAP and VMware.
RMNI: AI Automation And Client Wins Will Drive Future Upside
Analysts have kept their Rimini Street price target steady at $4.25, citing only minor refreshed assumptions around discount rate, revenue growth, profit margin, and future P/E that do not materially change their overall view of the stock’s valuation. What's in the News Flexitech, a French automotive hose manufacturer, selected Rimini Support for SAP ECC 6 to extend the life of its current ERP system, redirect support savings toward cybersecurity, TISAX compliance and manufacturing modernization, and maintain flexibility for potential expansion or acquisitions (Client announcement).RMNI: AI And Automation Projects Will Drive Future Upside Potential
Analysts have nudged their price target on Rimini Street slightly lower to $4.25 from $4.50, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E that modestly adjust their overall valuation view. What's in the News KleanNara in South Korea selected Rimini Street to support SAP ECC 6 and Oracle Database systems, consolidating ERP support under one provider to reduce annual vendor fees and improve support responsiveness, while redirecting savings to projects such as AI, cloud expansion and IoT adoption (Client Announcements).Rimini Street: Cheap Valuation Meets Record RPO And Agentic AI Bridge
Feb 20RMNI: AI Workflow Automation And Buybacks Will Support Future Upside
Analysts have reduced their fair value estimate for Rimini Street from $5.00 to $4.50, as slightly higher discount rate assumptions and a lower future P/E estimate more than offset modestly higher projected revenue growth and a small adjustment to profit margin expectations. What's in the News LF, a lifestyle company in South Korea, chose Rimini Support for SAP ECC 6.0 and Oracle Database to consolidate support, cut maintenance costs and maintain operational stability during a complex data center relocation (Client announcement).RMNI: AI Workflow Automation Partnerships Will Drive Future Upside Potential
Analysts have made only modest adjustments to their price targets for Rimini Street, reflecting slightly updated assumptions on the discount rate, revenue growth, profit margin and future P/E. The fair value estimate remains steady at approximately $5.00 per share.RMNI: Expanding ERP Support Partnerships Will Drive Future Upside Potential
Analysts have kept their price target for Rimini Street at US$5.00, citing only small tweaks to assumptions on discount rate, revenue growth, profit margin and forward P/E that they view as too minor to justify a change in valuation. What's in the News SP Electricity North West reported resolving SAP system challenges after partnering with Rimini Street, highlighting the company as a support provider for complex ERP environments (Client announcement).RMNI: Expanded Partnerships And Share Repurchases Will Support Future Upside Potential
Analysts have kept their price target for Rimini Street steady at US$5.00, citing only minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions that did not justify a change in their valuation view. What's in the News Rimini Street expanded its partnership with Tidewater.RMNI: Expanded Partnerships And Buybacks Will Support Long Term Upside Potential
Analysts have reduced their price target on Rimini Street from approximately 6.00 dollars to 5.00 dollars, citing expectations of higher discount rates, more modest long term profit margins, and a richer future earnings multiple despite stronger projected revenue growth. What's in the News Rimini Street expanded its partnership with Tidewater, underscoring demand for its third party enterprise software support despite ongoing Oracle related litigation and macroeconomic risks (Client Announcements).Rimini Street, Inc.'s (NASDAQ:RMNI) Price Is Right But Growth Is Lacking After Shares Rocket 29%
Jul 02
Shareholders May Be Wary Of Increasing Rimini Street, Inc.'s (NASDAQ:RMNI) CEO Compensation Package
May 29Rimini Street: A Speculative Buy As Oracle Legal Risks Fade
Mar 27Rimini Street, Inc. (NASDAQ:RMNI) Stock Catapults 27% Though Its Price And Business Still Lag The Industry
Feb 19Rimini Street: Smaller Margin Of Safety Because Of Exposure To Foreign Markets
Jan 03Rimini Street, Inc.'s (NASDAQ:RMNI) Share Price Boosted 37% But Its Business Prospects Need A Lift Too
Dec 17Rimini Street: 15-Year Legal Battle Burning Through Investor Value
Nov 30
Expanding Into VMware And AI Amid Cuts And Legal Woes, With Mixed Financial Forecasts
Expanding service offerings and investing in automation, AI, and analytics aim to broaden market appeal and enhance service delivery, potentially increasing revenue.Rimini: Substantial Recurring Revenue, Reallocation Of Resources, And Undervalued
Sep 05The Market Doesn't Like What It Sees From Rimini Street, Inc.'s (NASDAQ:RMNI) Earnings Yet As Shares Tumble 30%
Aug 02Rimini Street: High Uncertainty Pressuring Near-Term Outlook
Jun 12Rimini Street, Inc.'s (NASDAQ:RMNI) Share Price Is Matching Sentiment Around Its Revenues
Jun 10Rimini Street: Extremely Cheap Even After Adjusting For Litigation Risks
Mar 20Why Rimini Street, Inc. (NASDAQ:RMNI) Could Be Worth Watching
Mar 13Rimini Street Q2 2022 Earnings Preview
Aug 02Rimini Street: A First Look
Jun 15Financial Position Analysis
Short Term Liabilities: RMNI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: RMNI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: RMNI has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: RMNI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: RMNI's debt is well covered by operating cash flow (89%).
Interest Coverage: RMNI's interest payments on its debt are well covered by EBIT (23.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/30 22:56 |
| End of Day Share Price | 2026/04/30 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Rimini Street, Inc. is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brian Kinstlinger | Alliance Global Partners |
| Mark Schappel | Benchmark Company |
| Jeffrey Van Rhee | Craig-Hallum Capital Group LLC |