Rimini Street (RMNI) Financials

$3.11 -0.12 (-3.72%)

Closing price 06/20/2025 04:00 PM Eastern

Extended Trading

$3.08 -0.03 (-0.96%)

As of 06/20/2025 07:14 PM Eastern

Annual Income Statements for Rimini Street

This table shows Rimini Street's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-2.48	26	-36
Consolidated Net Income / (Loss)	-2.48	26	-36
Net Income / (Loss) Continuing Operations	-2.48	26	-36
Total Pre-Tax Income	3.81	41	-37
Total Operating Income	8.09	44	-32
Total Gross Profit	257	269	261
Total Revenue	410	431	429
Operating Revenue	410	431	429
Total Cost of Revenue	152	163	168
Operating Cost of Revenue	152	163	168
Total Operating Expenses	249	225	293
Selling, General & Admin Expense	101	80	79
Marketing Expense	143	142	150
Other Operating Expenses / (Income)	-0.39	0.00	0.00
Impairment Charge	3.01	0.00	0.00
Restructuring Charge	2.53	0.06	5.74
Other Special Charges / (Income)	0.00	2.74	59
Total Other Income / (Expense), net	-4.28	-2.53	-4.52
Interest Expense	4.27	5.52	6.31
Other Income / (Expense), net	-0.01	2.99	1.79
Income Tax Expense	6.29	15	-0.37
Basic Earnings per Share	($0.03)	$0.29	($0.40)
Weighted Average Basic Shares Outstanding	87.67M	89.07M	90.50M
Diluted Earnings per Share	($0.03)	$0.29	($0.40)
Weighted Average Diluted Shares Outstanding	87.67M	89.54M	90.50M
Weighted Average Basic & Diluted Shares Outstanding	88.81M	89.88M	91.30M

This table shows Rimini Street's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-0.41	-5.27	5.64	4.27	6.80	9.35	1.32	-1.15	-43	6.66
Consolidated Net Income / (Loss)	-0.41	-5.27	5.64	4.27	6.80	9.35	1.32	-1.15	-43	6.66
Net Income / (Loss) Continuing Operations	-0.41	-5.27	5.64	4.27	6.80	9.35	1.32	-1.15	-43	6.66
Total Pre-Tax Income	-0.46	-4.19	9.87	9.19	11	11	2.99	-0.77	-52	13
Total Operating Income	2.04	-5.58	11	10	11	12	3.36	-0.78	-50	15
Total Gross Profit	63	70	66	67	67	68	64	61	64	73
Total Revenue	102	109	106	106	107	112	107	103	105	114
Operating Revenue	102	109	106	106	107	112	107	103	105	114
Total Cost of Revenue	39	39	39	39	40	44	43	42	41	42
Operating Cost of Revenue	39	39	39	39	40	44	43	42	41	42
Total Operating Expenses	61	76	55	57	56	57	60	62	113	58
Selling, General & Admin Expense	25	31	21	19	21	19	21	21	17	19
Marketing Expense	36	39	34	37	36	35	39	37	36	37
Restructuring Charge	0.00	2.53	0.06	0.00	0.00	-	0.00	3.21	1.43	1.10
Total Other Income / (Expense), net	-2.50	1.39	-0.81	-1.11	-0.42	-0.19	-0.38	0.01	-2.22	-1.93
Interest Expense	1.17	1.30	1.34	1.39	1.41	1.38	1.34	1.48	1.58	1.90
Other Income / (Expense), net	-1.33	2.68	0.53	0.28	0.99	1.19	0.96	1.49	-0.64	-0.02
Income Tax Expense	-0.06	1.08	4.24	4.92	4.02	2.00	1.67	0.38	-8.71	6.29
Basic Earnings per Share	$0.00	($0.07)	$0.06	$0.05	$0.08	$0.10	$0.01	($0.01)	($0.47)	$0.07
Weighted Average Basic Shares Outstanding	87.97M	87.67M	88.69M	88.90M	89.23M	89.07M	89.75M	90.50M	90.78M	90.50M
Diluted Earnings per Share	$0.00	($0.06)	$0.06	$0.05	$0.08	$0.10	$0.01	($0.01)	($0.47)	$0.07
Weighted Average Diluted Shares Outstanding	87.97M	87.67M	89.06M	89.27M	89.36M	89.54M	90.56M	90.50M	90.78M	90.50M
Weighted Average Basic & Diluted Shares Outstanding	88.28M	88.81M	88.91M	89.09M	89.39M	89.88M	90.41M	90.70M	90.92M	91.30M

This table details how cash moves in and out of Rimini Street's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-11	6.42	-27
Net Cash From Operating Activities	35	12	-39
Net Cash From Continuing Operating Activities	35	12	-39
Net Income / (Loss) Continuing Operations	-2.48	26	-36
Consolidated Net Income / (Loss)	-2.48	26	-36
Depreciation Expense	2.50	2.83	3.60
Amortization Expense	6.50	5.46	5.33
Non-Cash Adjustments To Reconcile Net Income	14	13	9.54
Changes in Operating Assets and Liabilities, net	14	-34	-21
Net Cash From Investing Activities	-24	3.08	6.45
Net Cash From Continuing Investing Activities	-24	3.08	6.45
Purchase of Property, Plant & Equipment	-4.33	-7.21	-3.38
Purchase of Investments	-31	-31	-7.46
Sale and/or Maturity of Investments	11	41	17
Net Cash From Financing Activities	-14	-6.89	14
Net Cash From Continuing Financing Activities	-14	-6.89	14
Repayment of Debt	-9.50	-5.63	-3.56
Repurchase of Common Equity	-4.77	-1.01	0.00
Issuance of Debt	0.00	0.00	18
Other Financing Activities, net	0.70	-0.25	-0.36
Effect of Exchange Rate Changes	-7.44	-2.23	-8.25
Cash Interest Paid	3.25	4.53	5.50
Cash Income Taxes Paid	2.79	4.93	3.37

This table details how cash moves in and out of Rimini Street's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-42	-9.56	7.16	7.38	-15	7.19	14	5.19	-15	-31
Net Cash From Operating Activities	-24	-1.86	8.64	13	-8.14	-1.15	11	6.26	-19	-38
Net Cash From Continuing Operating Activities	-24	-1.86	8.64	13	-8.14	-1.15	11	6.26	-19	-38
Net Income / (Loss) Continuing Operations	-0.41	-5.27	5.64	4.27	6.80	9.35	1.32	-1.15	-43	6.66
Consolidated Net Income / (Loss)	-0.41	-5.27	5.64	4.27	6.80	9.35	1.32	-1.15	-43	6.66
Depreciation Expense	0.65	0.63	0.61	0.64	0.75	0.83	0.87	0.86	0.92	0.95
Amortization Expense	1.60	1.64	1.39	1.33	1.36	1.38	1.36	1.30	1.30	1.37
Non-Cash Adjustments To Reconcile Net Income	2.44	5.27	1.98	3.95	3.13	3.51	2.56	2.41	2.17	2.41
Changes in Operating Assets and Liabilities, net	-28	-4.12	-0.97	2.92	-20	-16	4.99	2.84	20	-49
Net Cash From Investing Activities	-13	-10	-0.35	-0.79	-3.02	7.24	8.65	-0.86	-0.67	-0.68
Net Cash From Continuing Investing Activities	-13	-10	-0.35	-0.79	-3.02	7.24	8.65	-0.86	-0.67	-0.68
Purchase of Property, Plant & Equipment	-1.42	-1.19	-1.03	-1.07	-1.56	-3.56	-1.17	-0.86	-0.67	-0.68
Net Cash From Financing Activities	-1.68	-1.16	-1.10	-2.25	-1.77	-1.77	-1.78	2.85	-1.03	14
Net Cash From Continuing Financing Activities	-1.68	-1.16	-1.10	-2.25	-1.77	-1.77	-1.78	2.85	-1.03	14
Repayment of Debt	-0.97	-1.13	-1.13	-1.13	-1.94	-1.44	-1.69	-	-0.94	-0.94
Issuance of Debt	-	-	-	-	-	-	-	-	-	15
Other Financing Activities, net	0.28	-0.03	0.02	-0.11	0.16	-0.33	-0.09	-0.09	-0.09	-0.09
Effect of Exchange Rate Changes	-3.38	3.61	-0.04	-2.69	-2.38	2.88	-4.39	-3.06	5.51	-6.31
Cash Interest Paid	0.92	1.05	1.11	1.14	1.15	1.12	1.07	1.31	1.41	1.71
Cash Income Taxes Paid	0.71	0.90	2.79	0.86	0.51	0.76	0.50	1.12	1.04	0.71

This table presents Rimini Street's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	391	394	369
Total Current Assets	282	289	256
Cash & Equivalents	109	115	89
Restricted Cash	0.43	0.43	0.43
Short-Term Investments	20	9.83	0.00
Accounts Receivable	116	119	131
Prepaid Expenses	19	26	19
Other Current Assets	17	18	17
Plant, Property, & Equipment, net	0.00	0.00	0.00
Total Noncurrent Assets	109	105	113
Noncurrent Deferred & Refundable Income Taxes	66	59	69
Other Noncurrent Operating Assets	44	46	44
Total Liabilities & Shareholders' Equity	391	394	369
Total Liabilities	468	433	439
Total Current Liabilities	353	336	325
Short-Term Debt	4.79	5.91	3.09
Accounts Payable	8.04	6.00	5.28
Accrued Expenses	33	18	21
Current Deferred Revenue	266	263	258
Current Employee Benefit Liabilities	37	39	34
Other Current Liabilities	4.22	4.32	3.97
Total Noncurrent Liabilities	115	97	114
Long-Term Debt	70	64	82
Noncurrent Deferred Revenue	34	24	23
Other Noncurrent Operating Liabilities	11	8.77	8.52
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-77	-39	-69
Total Preferred & Common Equity	-77	-39	-69
Preferred Stock	0.00	0.00	0.00
Total Common Equity	-77	-39	-69
Common Stock	156	168	178
Retained Earnings	-228	-202	-238
Accumulated Other Comprehensive Income / (Loss)	-4.20	-4.17	-7.39
Other Equity Adjustments	-1.12	-1.12	-1.12

This table presents Rimini Street's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	333	368	371	335	351	367	344
Total Current Assets	227	262	265	232	248	263	229
Cash & Equivalents	119	116	124	108	129	134	119
Restricted Cash	0.42	0.43	0.43	0.43	0.43	0.43	0.43
Short-Term Investments	11	19	17	20	0.00	0.00	0.00
Accounts Receivable	59	89	85	61	79	87	67
Prepaid Expenses	21	20	21	25	23	25	25
Other Current Assets	16	17	18	18	17	17	17
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	106	106	106	103	103	104	115
Noncurrent Deferred & Refundable Income Taxes	63	65	61	59	60	62	72
Other Noncurrent Operating Assets	43	42	45	44	43	43	43
Total Liabilities & Shareholders' Equity	333	368	371	335	351	367	344
Total Liabilities	409	438	433	388	388	403	421
Total Current Liabilities	289	330	329	289	293	303	322
Short-Term Debt	4.23	5.35	5.91	5.91	5.91	3.09	3.09
Accounts Payable	8.30	5.96	4.63	6.14	3.61	4.52	4.56
Accrued Expenses	24	26	22	23	18	19	74
Current Deferred Revenue	212	257	259	214	230	240	202
Current Employee Benefit Liabilities	36	31	34	36	31	32	34
Other Current Liabilities	4.12	4.05	4.22	4.18	4.36	4.50	4.38
Total Noncurrent Liabilities	120	109	104	99	95	100	98
Long-Term Debt	71	69	67	66	63	69	68
Noncurrent Deferred Revenue	36	30	26	24	24	22	21
Other Noncurrent Operating Liabilities	13	9.99	10	9.23	7.57	9.18	9.16
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-75	-70	-62	-53	-36	-36	-77
Total Preferred & Common Equity	-75	-70	-62	-53	-36	-36	-77
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-75	-70	-62	-53	-36	-36	-77
Common Stock	154	158	161	165	171	173	175
Retained Earnings	-223	-223	-218	-212	-201	-202	-245
Treasury Stock	-1.12	-1.12	-1.12	-1.12	-1.12	-1.12	-1.12
Accumulated Other Comprehensive Income / (Loss)	-5.38	-4.83	-3.98	-4.90	-4.86	-5.92	-5.65

This table displays calculated financial ratios and metrics derived from Rimini Street's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	9.41%	5.33%	-0.64%
EBITDA Growth	-43.00%	222.17%	-138.90%
EBIT Growth	-61.52%	478.93%	-164.89%
NOPAT Growth	-105.09%	624.64%	-181.31%
Net Income Growth	-103.30%	1,150.77%	-239.19%
EPS Growth	-105.88%	1,066.67%	-237.93%
Operating Cash Flow Growth	-47.87%	-64.28%	-411.61%
Free Cash Flow Firm Growth	-85.79%	-196.20%	-378.02%
Invested Capital Growth	-12.70%	27.96%	22.78%
Revenue Q/Q Growth	2.33%	0.82%	0.49%
EBITDA Q/Q Growth	-44.83%	39.44%	9.43%
EBIT Q/Q Growth	-63.01%	50.21%	6.52%
NOPAT Q/Q Growth	-104.95%	133.21%	9.40%
Net Income Q/Q Growth	-103.40%	127.87%	-8.02%
EPS Q/Q Growth	-103.70%	123.08%	-8.11%
Operating Cash Flow Q/Q Growth	-37.56%	6.07%	-1,578.14%
Free Cash Flow Firm Q/Q Growth	-83.18%	-16.27%	-378.81%
Invested Capital Q/Q Growth	-1.61%	13.64%	41.59%
Profitability Metrics	-	-	-
Gross Margin	62.80%	62.34%	60.88%
EBITDA Margin	4.17%	12.75%	-4.99%
Operating Margin	1.97%	10.14%	-7.49%
EBIT Margin	1.97%	10.84%	-7.08%
Profit (Net Income) Margin	-0.61%	6.04%	-8.46%
Tax Burden Percent	-65.18%	63.20%	98.99%
Interest Burden Percent	47.11%	88.19%	120.78%
Effective Tax Rate	165.18%	36.80%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%
Return on Equity (ROE)	3.15%	-44.67%	66.59%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	2.06%	11.91%	-7.95%
Return on Assets (ROA)	-0.63%	6.64%	-9.51%
Return on Common Equity (ROCE)	3.15%	-44.67%	66.59%
Return on Equity Simple (ROE_SIMPLE)	3.21%	-65.98%	52.23%
Net Operating Profit after Tax (NOPAT)	-5.27	28	-22
NOPAT Margin	-1.29%	6.41%	-5.25%
Net Nonoperating Expense Percent (NNEP)	6.11%	-2.90%	-46.34%
Return On Investment Capital (ROIC_SIMPLE)	221.71%	90.26%	-142.02%
Cost of Revenue to Revenue	37.20%	37.66%	39.12%
SG&A Expenses to Revenue	24.66%	18.56%	18.46%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	60.83%	52.19%	68.37%
Earnings before Interest and Taxes (EBIT)	8.08	47	-30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	17	55	-21
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.82	0.68	0.57
Price to Earnings (P/E)	0.00	11.22	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	8.92%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.69	0.55	0.56
Enterprise Value to EBITDA (EV/EBITDA)	16.48	4.30	0.00
Enterprise Value to EBIT (EV/EBIT)	34.87	5.06	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	8.56	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.07	18.99	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	29.34	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	-0.97	-1.78	-1.23
Long-Term Debt to Equity	-0.91	-1.63	-1.18
Financial Leverage	0.58	0.95	0.55
Leverage Ratio	-4.97	-6.73	-7.00
Compound Leverage Factor	-2.34	-5.93	-8.46
Debt to Total Capital	-3,145.16%	228.89%	538.55%
Short-Term Debt to Total Capital	-201.39%	19.29%	19.53%
Long-Term Debt to Total Capital	-2,943.78%	209.59%	519.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	3,245.16%	-128.89%	-438.55%
Debt to EBITDA	4.38	1.27	-3.98
Net Debt to EBITDA	-3.21	-1.01	0.18
Long-Term Debt to EBITDA	4.10	1.17	-3.84
Debt to NOPAT	-14.19	2.54	-3.79
Net Debt to NOPAT	10.39	-2.01	0.18
Long-Term Debt to NOPAT	-13.28	2.32	-3.65
Altman Z-Score	0.51	1.03	0.10
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.80	0.86	0.79
Quick Ratio	0.69	0.73	0.68
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	9.60	-9.23	-44
Operating Cash Flow to CapEx	805.77%	172.86%	-1,150.06%
Free Cash Flow to Firm to Interest Expense	2.25	-1.67	-7.00
Operating Cash Flow to Interest Expense	8.17	2.26	-6.16
Operating Cash Flow Less CapEx to Interest Expense	7.16	0.95	-6.70
Efficiency Ratios	-	-	-
Asset Turnover	1.05	1.10	1.12
Accounts Receivable Turnover	3.26	3.66	3.43
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00
Accounts Payable Turnover	22.17	23.15	29.76
Days Sales Outstanding (DSO)	112.06	99.61	106.50
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	16.46	15.76	12.26
Cash Conversion Cycle (CCC)	95.59	83.85	94.24
Capital & Investment Metrics	-	-	-
Invested Capital	-132	-95	-73
Invested Capital Turnover	-3.29	-3.80	-5.09
Increase / (Decrease) in Invested Capital	-15	37	22
Enterprise Value (EV)	282	237	239
Market Capitalization	336	292	243
Book Value per Share	($0.87)	($0.44)	($0.76)
Tangible Book Value per Share	($0.87)	($0.44)	($0.76)
Total Capital	-2.38	31	16
Total Debt	75	70	85
Total Long-Term Debt	70	64	82
Net Debt	-55	-56	-3.94
Capital Expenditures (CapEx)	4.33	7.21	3.38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-196	-168	-154
Debt-free Net Working Capital (DFNWC)	-67	-42	-65
Net Working Capital (NWC)	-71	-48	-68
Net Nonoperating Expense (NNE)	-2.79	1.60	14
Net Nonoperating Obligations (NNO)	-55	-56	-3.94
Total Depreciation and Amortization (D&A)	9.01	8.28	8.93
Debt-free, Cash-free Net Working Capital to Revenue	-47.86%	-38.82%	-36.02%
Debt-free Net Working Capital to Revenue	-16.24%	-9.69%	-15.21%
Net Working Capital to Revenue	-17.41%	-11.07%	-15.93%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.03)	$0.29	($0.40)
Adjusted Weighted Average Basic Shares Outstanding	87.67M	89.07M	90.50M
Adjusted Diluted Earnings per Share	($0.03)	$0.29	($0.40)
Adjusted Weighted Average Diluted Shares Outstanding	87.67M	89.54M	90.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	88.81M	89.88M	91.30M
Normalized Net Operating Profit after Tax (NOPAT)	9.54	29	22
Normalized NOPAT Margin	2.33%	6.82%	5.24%
Pre Tax Income Margin	0.93%	9.56%	-8.55%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	1.89	8.47	-4.81
NOPAT to Interest Expense	-1.23	5.01	-3.57
EBIT Less CapEx to Interest Expense	0.88	7.16	-5.35
NOPAT Less CapEx to Interest Expense	-2.25	3.70	-4.10
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-192.22%	3.89%	0.00%

This table displays calculated financial ratios and metrics derived from Rimini Street's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.58%	9.41%	7.76%	5.16%	5.42%	3.21%	1.17%	-3.10%	-2.59%	1.88%
EBITDA Growth	-55.38%	-104.71%	57.84%	96.71%	384.49%	2,494.87%	-50.39%	-77.06%	-434.93%	14.91%
EBIT Growth	-83.63%	-126.61%	82.30%	157.24%	1,632.15%	540.42%	-61.41%	-93.22%	-510.79%	16.62%
NOPAT Growth	-64.13%	-104.39%	77.75%	2,278.58%	396.10%	343.62%	-75.69%	-111.34%	-591.24%	-19.55%
Net Income Growth	-120.97%	-107.53%	82.67%	3,780.00%	1,779.26%	277.37%	-76.64%	-126.90%	-733.73%	-28.79%
EPS Growth	100.00%	-107.69%	100.00%	0.00%	0.00%	266.67%	-83.33%	-120.00%	-687.50%	-30.00%
Operating Cash Flow Growth	-3,783.44%	-109.72%	-81.15%	-12.18%	66.12%	38.35%	28.29%	-52.26%	-127.56%	-3,187.96%
Free Cash Flow Firm Growth	-226.40%	-79.21%	20.31%	5.14%	73.53%	-349.70%	-111.43%	-23.80%	-50.07%	48.89%
Invested Capital Growth	27.61%	-12.70%	14.18%	18.95%	15.25%	27.96%	26.25%	23.99%	-14.18%	22.78%
Revenue Q/Q Growth	0.72%	6.56%	-2.86%	0.86%	0.97%	4.33%	-4.79%	-3.39%	1.50%	9.12%
EBITDA Q/Q Growth	-53.60%	-121.09%	2,217.47%	-5.06%	14.29%	4.24%	-56.14%	-56.09%	-1,768.38%	135.76%
EBIT Q/Q Growth	-82.83%	-509.63%	487.72%	-5.69%	15.64%	4.15%	-66.03%	-83.43%	-7,106.42%	129.57%
NOPAT Q/Q Growth	608.52%	-374.00%	256.34%	-21.63%	47.78%	34.56%	-84.40%	-136.57%	-6,299.23%	122.04%
Net Income Q/Q Growth	-468.18%	-1,201.73%	206.96%	-24.31%	59.35%	37.49%	-85.92%	-187.17%	-3,654.36%	115.45%
EPS Q/Q Growth	0.00%	0.00%	200.00%	-16.67%	60.00%	25.00%	-90.00%	-200.00%	-4,600.00%	114.89%
Operating Cash Flow Q/Q Growth	-260.92%	92.26%	564.93%	51.64%	-162.08%	85.91%	1,067.54%	-43.57%	-395.89%	-103.52%
Free Cash Flow Firm Q/Q Growth	-77.90%	122.80%	-242.57%	-64.06%	50.36%	-115.03%	-20.72%	3.94%	39.82%	26.76%
Invested Capital Q/Q Growth	19.14%	-1.61%	0.25%	1.11%	15.44%	13.64%	-2.12%	-1.93%	-27.02%	41.59%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	61.47%	64.50%	62.71%	63.03%	62.67%	61.01%	59.80%	59.10%	60.70%	63.66%
EBITDA Margin	2.90%	-0.57%	12.52%	11.79%	13.34%	13.33%	6.14%	2.79%	-45.87%	15.04%
Operating Margin	2.00%	-5.13%	10.13%	9.67%	10.46%	10.30%	3.15%	-0.75%	-47.38%	13.03%
EBIT Margin	0.69%	-2.66%	10.63%	9.94%	11.38%	11.36%	4.05%	0.70%	-47.99%	13.01%
Profit (Net Income) Margin	-0.40%	-4.85%	5.34%	4.01%	6.33%	8.34%	1.23%	-1.11%	-41.18%	5.83%
Tax Burden Percent	87.85%	125.85%	57.11%	46.45%	62.88%	82.36%	44.11%	149.87%	83.18%	51.42%
Interest Burden Percent	-65.30%	144.85%	88.06%	86.88%	88.45%	89.14%	69.01%	-106.83%	103.14%	87.18%
Effective Tax Rate	0.00%	0.00%	42.89%	53.55%	37.12%	17.64%	55.89%	0.00%	0.00%	48.58%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-61.86%	3.15%	-0.10%	-6.11%	-17.81%	-44.67%	-40.85%	-33.25%	51.73%	66.59%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.94%	-2.79%	11.73%	11.09%	14.58%	12.49%	4.88%	0.81%	-60.33%	14.62%
Return on Assets (ROA)	-0.54%	-5.08%	5.90%	4.48%	8.11%	9.17%	1.48%	-1.30%	-51.76%	6.55%
Return on Common Equity (ROCE)	-61.86%	3.15%	-0.10%	-6.11%	-17.81%	-44.67%	-40.85%	-33.25%	51.73%	66.59%
Return on Equity Simple (ROE_SIMPLE)	-96.65%	0.00%	-0.10%	-6.82%	-21.56%	0.00%	-59.86%	-45.19%	43.74%	0.00%
Net Operating Profit after Tax (NOPAT)	1.42	-3.90	6.10	4.78	7.07	9.51	1.48	-0.54	-35	7.65
NOPAT Margin	1.40%	-3.59%	5.78%	4.49%	6.58%	8.48%	1.39%	-0.53%	-33.17%	6.70%
Net Nonoperating Expense Percent (NNEP)	-4.97%	-2.99%	-0.67%	-0.68%	-0.48%	-0.29%	-0.27%	-0.93%	-15.84%	-3.33%
Return On Investment Capital (ROIC_SIMPLE)	-	164.14%	-	-	-	31.03%	-	-	-	48.31%
Cost of Revenue to Revenue	38.53%	35.50%	37.29%	36.97%	37.33%	38.99%	40.20%	40.90%	39.30%	36.34%
SG&A Expenses to Revenue	24.13%	28.46%	19.85%	18.32%	19.09%	17.06%	19.98%	20.49%	16.63%	16.90%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	59.48%	69.63%	52.59%	53.35%	52.21%	50.71%	56.65%	59.85%	108.08%	50.64%
Earnings before Interest and Taxes (EBIT)	0.71	-2.89	11	11	12	13	4.33	0.72	-50	15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.96	-0.62	13	13	14	15	6.56	2.88	-48	17
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.02	0.82	0.88	1.01	0.46	0.68	0.67	0.65	0.39	0.57
Price to Earnings (P/E)	4.38	0.00	5,081.68	100.69	17.14	11.22	13.41	17.01	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	22.83%	0.00%	0.02%	0.99%	5.83%	8.92%	7.46%	5.88%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.88	0.69	0.73	0.85	0.32	0.55	0.53	0.50	0.28	0.56
Enterprise Value to EBITDA (EV/EBITDA)	11.42	16.48	13.88	12.74	3.52	4.30	4.77	5.55	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	16.19	34.87	23.17	18.25	4.47	5.06	5.79	7.16	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	3.32	0.00	2,746.54	69.91	11.72	8.56	10.00	12.65	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	6.33	8.07	0.00	0.00	11.83	18.99	15.47	26.63	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	6.19	29.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.00	-0.97	-1.05	-1.18	-1.35	-1.78	-1.89	-1.99	-0.93	-1.23
Long-Term Debt to Equity	-0.95	-0.91	-0.98	-1.08	-1.24	-1.63	-1.73	-1.90	-0.89	-1.18
Financial Leverage	0.31	0.58	0.93	1.10	0.87	0.95	1.15	1.33	0.82	0.55
Leverage Ratio	-2.51	-4.97	-5.13	-5.46	-5.20	-6.73	-6.76	-7.52	-5.23	-7.00
Compound Leverage Factor	1.64	-7.19	-4.52	-4.75	-4.60	-6.00	-4.66	8.03	-5.39	-6.10
Debt to Total Capital	25,478.79%	-3,145.16%	1,951.08%	666.04%	386.25%	228.89%	212.13%	201.16%	-1,241.73%	538.55%
Short-Term Debt to Total Capital	1,423.23%	-201.39%	141.21%	53.92%	31.90%	19.29%	18.26%	8.66%	-54.05%	19.53%
Long-Term Debt to Total Capital	24,055.56%	-2,943.78%	1,809.87%	612.12%	354.35%	209.59%	193.87%	192.50%	-1,187.68%	519.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-25,378.79%	3,245.16%	-1,851.08%	-566.04%	-286.25%	-128.89%	-112.13%	-101.16%	1,341.73%	-438.55%
Debt to EBITDA	2.44	4.38	3.37	2.60	1.81	1.27	1.42	1.86	-3.01	-3.98
Net Debt to EBITDA	-1.76	-3.21	-2.80	-2.42	-1.44	-1.01	-1.26	-1.62	2.07	0.18
Long-Term Debt to EBITDA	2.31	4.10	3.13	2.39	1.66	1.17	1.30	1.78	-2.87	-3.84
Debt to NOPAT	0.71	-14.19	666.83	14.27	6.04	2.54	2.98	4.23	-2.86	-3.79
Net Debt to NOPAT	-0.51	10.39	-554.65	-13.30	-4.81	-2.01	-2.63	-3.70	1.97	0.18
Long-Term Debt to NOPAT	0.67	-13.28	618.57	13.11	5.54	2.32	2.72	4.05	-2.74	-3.65
Altman Z-Score	0.65	0.42	0.67	0.79	0.61	0.74	0.77	0.69	-0.33	0.50
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.79	0.80	0.79	0.80	0.80	0.86	0.85	0.87	0.71	0.79
Quick Ratio	0.65	0.69	0.68	0.69	0.66	0.73	0.71	0.73	0.58	0.68
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-48	11	-16	-26	-13	-27	-33	-32	-19	-14
Operating Cash Flow to CapEx	-1,688.89%	-156.61%	839.94%	1,229.46%	-521.87%	-32.21%	946.08%	730.96%	-2,763.28%	-5,541.18%
Free Cash Flow to Firm to Interest Expense	-41.23	8.46	-11.68	-18.50	-9.01	-19.80	-24.65	-21.41	-12.12	-7.35
Operating Cash Flow to Interest Expense	-20.58	-1.43	6.45	9.45	-5.76	-0.83	8.27	4.22	-11.74	-19.79
Operating Cash Flow Less CapEx to Interest Expense	-21.80	-2.35	5.69	8.68	-6.86	-3.40	7.39	3.64	-12.16	-20.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.36	1.05	1.10	1.12	1.28	1.10	1.20	1.16	1.26	1.12
Accounts Receivable Turnover	5.91	3.26	4.62	4.89	7.11	3.66	5.15	4.99	6.66	3.43
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	17.11	22.17	32.27	29.98	21.80	23.15	34.72	36.90	31.77	29.76
Days Sales Outstanding (DSO)	61.76	112.06	78.99	74.59	51.34	99.61	70.90	73.11	54.83	106.50
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	21.33	16.46	11.31	12.17	16.75	15.76	10.51	9.89	11.49	12.26
Cash Conversion Cycle (CCC)	40.44	95.59	67.68	62.41	34.60	83.85	60.38	63.22	43.34	94.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-130	-132	-132	-130	-110	-95	-97	-99	-126	-73
Invested Capital Turnover	-2.59	-3.29	-2.93	-2.91	-3.57	-3.80	-3.79	-3.75	-3.62	-5.09
Increase / (Decrease) in Invested Capital	50	-15	22	30	20	37	35	31	-16	22
Enterprise Value (EV)	354	282	304	358	139	237	231	215	119	239
Market Capitalization	408	336	366	426	196	292	291	278	168	243
Book Value per Share	($0.86)	($0.87)	($0.79)	($0.70)	($0.60)	($0.44)	($0.40)	($0.40)	($0.85)	($0.76)
Tangible Book Value per Share	($0.86)	($0.87)	($0.79)	($0.70)	($0.60)	($0.44)	($0.40)	($0.40)	($0.85)	($0.76)
Total Capital	0.30	-2.38	3.79	11	19	31	32	36	-5.72	16
Total Debt	76	75	74	73	72	70	69	72	71	85
Total Long-Term Debt	71	70	69	67	66	64	63	69	68	82
Net Debt	-54	-55	-61	-68	-57	-56	-61	-63	-49	-3.94
Capital Expenditures (CapEx)	1.42	1.19	1.03	1.07	1.56	3.56	1.17	0.86	0.67	0.68
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-188	-196	-198	-199	-179	-168	-168	-172	-211	-154
Debt-free Net Working Capital (DFNWC)	-57	-67	-62	-58	-51	-42	-39	-37	-91	-65
Net Working Capital (NWC)	-62	-71	-68	-64	-57	-48	-44	-40	-94	-68
Net Nonoperating Expense (NNE)	1.83	1.37	0.46	0.51	0.27	0.16	0.17	0.61	8.38	0.99
Net Nonoperating Obligations (NNO)	-54	-55	-61	-68	-57	-56	-61	-63	-49	-3.94
Total Depreciation and Amortization (D&A)	2.25	2.27	2.00	1.97	2.11	2.21	2.23	2.16	2.22	2.32
Debt-free, Cash-free Net Working Capital to Revenue	-46.84%	-47.86%	-47.42%	-47.20%	-41.91%	-38.82%	-38.82%	-40.02%	-49.35%	-36.02%
Debt-free Net Working Capital to Revenue	-14.33%	-16.24%	-14.97%	-13.80%	-11.87%	-9.69%	-8.91%	-8.67%	-21.24%	-15.21%
Net Working Capital to Revenue	-15.39%	-17.41%	-16.26%	-15.20%	-13.25%	-11.07%	-10.27%	-9.39%	-21.97%	-15.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.07)	$0.06	$0.05	$0.08	$0.10	$0.01	($0.01)	($0.47)	$0.07
Adjusted Weighted Average Basic Shares Outstanding	87.97M	87.67M	88.69M	88.90M	89.23M	89.07M	89.75M	90.50M	90.78M	90.50M
Adjusted Diluted Earnings per Share	$0.00	($0.06)	$0.06	$0.05	$0.08	$0.10	$0.01	($0.01)	($0.47)	$0.07
Adjusted Weighted Average Diluted Shares Outstanding	87.97M	87.67M	89.06M	89.27M	89.36M	89.54M	90.56M	90.50M	90.78M	90.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	88.28M	88.81M	88.91M	89.09M	89.39M	89.88M	90.41M	90.70M	90.92M	91.30M
Normalized Net Operating Profit after Tax (NOPAT)	1.42	-2.14	6.14	7.21	7.07	9.51	2.35	1.70	7.24	8.21
Normalized NOPAT Margin	1.40%	-1.97%	5.82%	6.77%	6.58%	8.48%	2.21%	1.65%	6.92%	7.19%
Pre Tax Income Margin	-0.45%	-3.86%	9.36%	8.63%	10.07%	10.13%	2.80%	-0.74%	-49.50%	11.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.61	-2.23	8.37	7.62	8.65	9.21	3.23	0.48	-31.86	7.80
NOPAT to Interest Expense	1.22	-3.01	4.56	3.45	5.00	6.88	1.11	-0.37	-22.01	4.02
EBIT Less CapEx to Interest Expense	-0.61	-3.14	7.61	6.86	7.55	6.64	2.35	-0.09	-32.28	7.44
NOPAT Less CapEx to Interest Expense	0.00	-3.92	3.79	2.68	3.90	4.30	0.23	-0.94	-22.44	3.66
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	6.54%	-192.22%	0.00%	47.42%	8.87%	3.89%	0.00%	0.00%	0.00%	0.00%

Key Financial Trends

Rimini Street’s Q4 2024 results show a continuation of modest top‐line growth and margin resilience, alongside mixed cash‐flow performance and leverage changes. Here are the key takeaways:

Revenue rose to $114.2 M in Q4 2024, up 1.9% year-over-year from $112.1 M, marking four consecutive quarters of growth.
EBITDA climbed 14.9% to $17.17 M in Q4 2024, compared with $14.94 M a year ago, driving improved operating profitability.
Free Cash Flow to Firm improved by nearly 49%, narrowing the deficit to ‑$14.0 M versus ‑$27.4 M in Q4 2023.
Gross margin remained robust at 63.7% in Q4 2024, up from 61.0% a year earlier, reflecting stable cost control.
The company issued $15 M of new debt in Q4 2024, strengthening liquidity but raising leverage; net debt was ‑$3.9 M (i.e., net cash) at quarter end.
SG&A expenses held steady at roughly 17% of revenue in Q4 2024, in line with historical levels.
Accounts receivable days lengthened to about 106 days in Q4 2024 from 99 days in Q4 2023, due to timing of collections.
The Altman Z-Score remained low at 0.50 in Q4 2024, consistent with prior quarters, indicating continued financial stress risk.
Net income fell 28.8% year-over-year to $6.66 M in Q4 2024, down from $9.35 M in Q4 2023, driven by higher marketing spend and restructuring charges.
Operating cash flow swung to a deficit of ‑$37.7 M in Q4 2024 compared to ‑$1.15 M in Q4 2023, reflecting a large build-up in working capital.

06/22/25 01:12 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Rimini Street's Financials

When does Rimini Street's fiscal year end?

According to the most recent income statement we have on file, Rimini Street's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Rimini Street's net income changed over the last 2 years?

Rimini Street's net income appears to be on an upward trend, with a most recent value of -$36.27 million in 2024, rising from -$2.48 million in 2022. The previous period was $26.06 million in 2023. View Rimini Street's forecast to see where analysts expect Rimini Street to go next.

What is Rimini Street's operating income?

Rimini Street's total operating income in 2024 was -$32.13 million, based on the following breakdown:

Total Gross Profit: $261.02 million
Total Operating Expenses: $293.15 million

How has Rimini Street's revenue changed over the last 2 years?

Over the last 2 years, Rimini Street's total revenue changed from $409.66 million in 2022 to $428.75 million in 2024, a change of 4.7%.

How much debt does Rimini Street have?

Rimini Street's total liabilities were at $438.51 million at the end of 2024, a 1.2% increase from 2023, and a 6.3% decrease since 2022.

How much cash does Rimini Street have?

In the past 2 years, Rimini Street's cash and equivalents has ranged from $88.79 million in 2024 to $115.42 million in 2023, and is currently $88.79 million as of their latest financial filing in 2024.

How has Rimini Street's book value per share changed over the last 2 years?

Over the last 2 years, Rimini Street's book value per share changed from -0.87 in 2022 to -0.76 in 2024, a change of -12.6%.

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This page (NASDAQ:RMNI) was last updated on 6/22/2025 by MarketBeat.com Staff

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