Rimini Street Inc. (DE) Common Stock (RMNI)

FairStock Score: 57/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Rimini Street is not a business I would call a wide-moat franchise. It sells third-party support for Oracle and SAP enterprise software, competing against the vendors themselves and other low-cost maintainers. That can be a useful niche, but it depends on customers' willingness to leave vendor support, and Oracle and SAP have every incentive to defend that annuity. Still, the company has real customers, nearly 2,000 employees, and generated $63.9M of trailing free cash flow. At the 2026-10-13 close, FairStock calculates a 16.7% free cash flow yield, which is the most attractive number here. Growth and profits are uneven. Fiscal 2025 revenue was $421.5M, slightly below fiscal 2024 revenue of $428.8M and fiscal 2023 revenue of $431.5M. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $111.1M and net income was $2.4M, compared with revenue of $104.1M and net income of $30.3M in fiscal Q2 2025, the quarter ended 2025-06-30. So sales rose about 6.7% while net income collapsed. Fiscal 2025 net income was $37.1M after a fiscal 2024 loss of $36.3M, so FairStock's Lynch category of TURNAROUND—returned to profit after a loss within the last three years—fits. FairStock also calculates a P/E of 58.43, ROCE of 4%, a Piotroski F-Score of 5/9, and an Altman Z-Score of 0.04. Those figures suggest thin returns, volatile earnings, and balance-sheet risk. At $4.09, the market capitalization is $381.8M. The high free cash flow yield offers some margin of safety, but without steadier revenue and profits, I would want a wider discount before calling this a bargain.

In plain English: Rimini Street helps companies keep older Oracle and SAP business software running, and it is adding newer AI tools for enterprise work. The business has been profitable lately and produces cash, but sales are barely moving and profits swing sharply. At $4.09, the shares look inexpensive against the cash the company generates, though the company carries meaningful financial risk.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer