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RMNI 
Rimini Street Inc (RMNI)
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Upturn Advisory Summary
01/09/2026: RMNI (3-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
4 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $6.1
1 Year Target Price $6.1
| 2 | Strong Buy |
| 1 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -23.47% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 360.82M USD | Price to earnings Ratio 8.3 | 1Y Target Price 6.1 |
Price to earnings Ratio 8.3 | 1Y Target Price 6.1 | ||
Volume (30-day avg) 4 | Beta 1.2 | 52 Weeks Range 2.50 - 5.38 | Updated Date 01/9/2026 |
52 Weeks Range 2.50 - 5.38 | Updated Date 01/9/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.47 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 10.1% | Operating Margin (TTM) 5.57% |
Management Effectiveness
Return on Assets (TTM) 7.56% | Return on Equity (TTM) - |
Valuation
Trailing PE 8.3 | Forward PE 11.38 | Enterprise Value 348397960 | Price to Sales(TTM) 0.85 |
Enterprise Value 348397960 | Price to Sales(TTM) 0.85 | ||
Enterprise Value to Revenue 0.82 | Enterprise Value to EBITDA 4.35 | Shares Outstanding 91752000 | Shares Floating 42011406 |
Shares Outstanding 91752000 | Shares Floating 42011406 | ||
Percent Insiders 22.03 | Percent Institutions 66.15 |
Upturn AI SWOT
Rimini Street Inc
Company Overview
History and Background
Rimini Street Inc. was founded in 2005 by Seth A. Ravin. The company's mission is to provide enterprise software support services as a more affordable and flexible alternative to vendor-provided support. They gained significant traction by offering third-party support for Oracle and SAP applications, challenging the established vendors' maintenance models. A key milestone was their long-standing legal battle with Oracle, which eventually saw Rimini Street prevail on several key points, solidifying their business model. Over time, Rimini Street has expanded its service offerings and platform support.
Core Business Areas
- Third-Party Software Support: Rimini Street provides ongoing support and maintenance for enterprise software applications, primarily Oracle and SAP. This includes software updates, patches, bug fixes, and expert technical support at a lower cost than vendor-provided maintenance. The service allows companies to extend the life of their existing software licenses.
- Application Management Services: Beyond traditional support, Rimini Street offers a suite of application management services, including application security, cloud migration services, and application development. This expands their role from just a support provider to a broader IT management partner.
- Cloud Services: Rimini Street facilitates cloud migration and management for enterprise applications, helping clients move their existing on-premises software to various cloud environments while continuing to provide support.
Leadership and Structure
Rimini Street is a privately held company. Leadership typically includes a CEO, CFO, and heads of various departments such as Engineering, Sales, and Support. Specific current leadership details can be found on their corporate website.
Top Products and Market Share
Key Offerings
- Third-Party Support for Oracle E-Business Suite, JD Edwards, PeopleSoft, Siebel, SAP ECC, and SAP Business Suite: Rimini Street offers comprehensive third-party support for these widely used enterprise resource planning (ERP) and customer relationship management (CRM) applications. This service includes: provision of tax, legal, and regulatory updates; security patches; interoperability updates; performance enhancements; and expert support. Competitors include Oracle and SAP themselves (for first-party support), and other smaller third-party support providers.
- Application Security Services: This offering provides clients with a proactive approach to securing their enterprise applications against vulnerabilities and threats. It includes vulnerability assessments, penetration testing, and remediation guidance. Competitors include specialized cybersecurity firms and the security offerings from Oracle and SAP.
- Cloud Migration and Management: Rimini Street helps organizations plan, execute, and manage their migration of enterprise applications to cloud platforms. This includes advice on cloud strategy, infrastructure setup, and ongoing cloud operations. Competitors include major cloud providers (AWS, Azure, GCP), system integrators, and application vendors.
Market Dynamics
Industry Overview
Rimini Street operates in the enterprise software support and IT services market. This market is characterized by the high costs of vendor-provided software maintenance, a desire for extended software lifecycle management, and an increasing shift towards cloud adoption. Businesses are looking for cost-effective solutions that extend the value of their existing software investments while also embracing new technologies.
Positioning
Rimini Street is positioned as a disruptive force in the enterprise software support market. Its primary competitive advantage lies in its significantly lower price point for support compared to original software vendors. They also offer greater flexibility and faster response times. Their legal victories against major vendors have lent credibility to their business model. However, they face the challenge of educating the market and overcoming potential vendor resistance.
Total Addressable Market (TAM)
The TAM for enterprise software support and maintenance is substantial, estimated to be tens of billions of dollars globally, as many large enterprises continue to rely on legacy Oracle and SAP systems. Rimini Street is positioned to capture a significant portion of this market by offering a compelling alternative to expensive vendor maintenance contracts, particularly for companies seeking to defer costly upgrade cycles.
Upturn SWOT Analysis
Strengths
- Significant cost savings for clients compared to vendor support.
- Extended software lifecycle, delaying expensive upgrades.
- Proven track record and legal victories against major vendors.
- Flexible and responsive support model.
- Broad platform support for major enterprise applications.
Weaknesses
- Perception of risk associated with third-party support.
- Potential for vendor retaliation or restrictions.
- Requires clients to be comfortable with a non-standard support model.
- Limited direct engagement with software development roadmap compared to vendors.
Opportunities
- Growing demand for cost optimization in IT budgets.
- Companies delaying major software upgrades due to economic uncertainty.
- Expansion into new software platforms and cloud services.
- Leveraging AI and automation for enhanced support services.
- Strategic partnerships with cloud providers and IT consultancies.
Threats
- Aggressive pricing or bundling strategies by original software vendors.
- Changes in vendor licensing or support policies that penalize third-party support.
- Emergence of new, disruptive enterprise software solutions.
- Cybersecurity threats and data breaches impacting client trust.
- Economic downturns that could reduce IT spending.
Competitors and Market Share
Key Competitors
- Oracle (ORCL) US Stock Symbol
- SAP SE (SAP) US Stock Symbol
Competitive Landscape
Rimini Street's primary competitive landscape involves the original software vendors (Oracle and SAP) for their first-party support. Their advantage is cost and flexibility. Indirect competitors include other IT service providers and consultancies that may offer application management or migration services. The market is characterized by strong brand loyalty to vendors, but also significant cost pressures that favor third-party alternatives.
Growth Trajectory and Initiatives
Historical Growth: Rimini Street has demonstrated significant growth since its inception, driven by its disruptive business model and expansion into various enterprise software support areas. Growth has been fueled by acquiring clients seeking cost savings and extended software lifecycles.
Future Projections: While specific analyst projections for private companies are rare, the continued pressure on enterprise IT budgets and the need to maximize the value of existing software investments suggest a positive outlook for continued growth. Expansion into cloud services and application management also presents significant growth avenues.
Recent Initiatives: Recent initiatives likely focus on expanding their cloud service offerings, enhancing their application management services, and potentially exploring new enterprise software platforms to support. Investments in AI-driven support tools and cybersecurity are also probable strategic directions.
Summary
Rimini Street Inc. is a strong player in the third-party enterprise software support market, offering significant cost savings and extended software lifecycles for Oracle and SAP applications. Their established business model and legal victories provide a solid foundation. However, they face ongoing competition from original vendors and the need to continuously educate the market on the benefits of their services. Continued innovation in cloud services and application management will be key to their future growth.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Rimini Street Inc. corporate website (for general information on services and history).
- Industry analysis reports on enterprise software support market.
- Publicly available news and press releases regarding Rimini Street.
Disclaimers:
Information regarding Rimini Street Inc. is limited due to its private company status. Financial data and specific market share figures are estimates or not publicly disclosed. This analysis is based on publicly available information and general industry knowledge, and should not be considered financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Rimini Street Inc
Exchange NASDAQ | Headquaters Las Vegas, NV, United States | ||
IPO Launch date 2015-08-28 | Founder, Chairman, CEO & President Mr. Seth A. Ravin | ||
Sector Technology | Industry Software - Application | Full time employees 2000 | Website https://www.riministreet.com |
Full time employees 2000 | Website https://www.riministreet.com | ||
Rimini Street, Inc. provides enterprise software products, services, and support. The company engages in the provision of support services for Oracle and SAP enterprise software products. It also provides Rimini ONE, an outsourcing option that offers a set of unified and integrated services to run, manage, support, customize, configure, connect, protect, monitor, and optimize its clients' application, database, and technology enterprise software; Rimini Support, a mission-critical support for Oracle, SAP and VMware applications, proprietary and open-source database, and technology software; Rimini Manage, a suite of managed services for application and database software; and Rimini Protect, a suite of personalized software security services and solutions. In addition, the company offers Rimini Connect, a suite of managed interoperability solutions for browsers, operating systems, and email systems; Rimini Watch, a suite of observability solutions that include monitoring and system health check solutions; Rimini Consult, a suite of professional services for clients' enterprise software customization, configuration, implementation, integration, interoperability, migration, staff augmentation, and other project needs; and Rimini Custom, a program that expands support and related services to a broader portfolio of enterprise software. The company serves Fortune 500 companies and Fortune Global 100 companies across various industries. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific. The company was founded in 2005 and is headquartered in Las Vegas, Nevada.
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