RMNI
Rimini Street, Inc.

Rimini Street, Inc.RMNI

Technology · Software - Application
5.22USD
+0.38%
Nov 08, 2026
RMNI overview ready
Vendor-Independent ERP Support and AI-Enabled Lifecycle Services
Rimini Street is a specialist provider of third-party support, managed services and AI-enabled optimization for installed Oracle, SAP, VMware and related enterprise software environments.
Primary theme is leading
IT Services & Consulting is leading (+24.8pp vs SPY over 21 sessions; 12 of 12 members ahead of SPY).
Advancing price action
Longer-term context reads early trend, with a near-term setup of daily advance.
Attractive valuation
Current market expectations look undemanding relative to how its multiples compare with businesses of the same kind.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on continued demand for third-party ERP support.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 19

Conviction Level

PriceAction8.6BusinessPerformance7.0BusinessQuality6.4Valuation8.8ThemeMomentum9.0Improving — Revenue growth has accelerated across 4 consecutive quarters, rising from -3.9% to +8.3% year over year. Diluted EPS moved to $0.07 from $0.03; the prior-year base is too small for a meaningful percentage. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+24.8pp
Theme return
+19.8%
Beating SPY
12 of 12
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads early trend, with a near-term setup of daily advance.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$483.9M
Avg Volume (60D)
409.4K
60 sessions
Revenue Growth YoY
-1.7%
FY2025 vs FY2024
Gross Margin
+60.5%
Trailing twelve months
Operating Margin
+5.9%
Trailing twelve months
Free Cash Flow Yield
+4.6%
Distance from 200DMA
+28.3%
P/E
44.0x
EV / EBITDA
14.4x
EV / Sales
1.0x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Improving

Revenue growth has accelerated across 4 consecutive quarters, rising from -3.9% to +8.3% year over year. Diluted EPS moved to $0.07 from $0.03; the prior-year base is too small for a meaningful percentage.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+8.3%
$112M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. -3.9%
  2. +1.2%
  3. +6.7%
  4. +8.3%
Earnings growthGrowing
$0.07
Diluted EPS $0.07 vs $0.03 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. -86%
  2. n/a
  3. -91%
  4. n/a
Operating marginStable
8.8%
+4.5 pp YoY · gross margin 61.4% (+1.5 pp)

Business Quality

6.4 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; own history is the dissenting view.
Rimini Street, Inc. has a Cheap valuation stance because current market expectations look undemanding relative to how its multiples compare with businesses of the same kind.

Company Research

Thesis
Rimini Street is a specialist provider of third-party support, managed services and AI-enabled optimization for installed Oracle, SAP, VMware and related enterprise software environments.
Opportunity
Moderate opportunity
Enterprise demand for maintaining, optimizing and selectively modernizing installed ERP and other mission-critical applications while avoiding unnecessary vendor-mandated upgrades and reallocating operating-budget savings toward automation and AI initiatives.
Key risk
Dependence on continued demand for third-party ERP support.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Software - Application
What they do

Rimini Street provides third-party enterprise software support, managed services, and AI-driven ERP solutions focused on Oracle, SAP, VMware, and related software environments, enabling clients to optimize and modernize their installed applications without mandatory vendor upgrades.

How it earns

The company generates revenue primarily through subscription-based support and managed services contracts.

Products & services
Rimini Support for Oracle, SAP, VMware applications
Rimini Agentic UX AI-driven orchestration and automation
Rimini Manage managed services suite
Customers & end markets
Large enterprises using Oracle and SAP ERP systems
Organizations seeking vendor-independent software support and lifecycle management
Market position

Niche specialist provider in third-party ERP support and AI-enabled application management services.

Demand drivers
Medium cyclicality

Demand depends on enterprise IT budgets and priorities for software maintenance and modernization, which can fluctuate with economic cycles.