RMNINasdaqServices-Business Services, NECUS GAAP · USD

Rimini Street, Inc.

Rimini Street, Inc. provides third-party enterprise software support, managed services, and related ERP innovation solutions for organizations running major business applications. The company serves clients globally from the United States through a direct sales organization and supports both traditional on-premises software and selected cloud platforms.

Revenue422m USD
−1.7 %y/y
Operating profit (EBIT)59.9m USD
+286.5 %y/y
EBIT margin14.2%
+21.7 ppy/y
Net income37.1m USD
+202.3 %y/y
Free cash flow60.2m USD
+255.0 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-1000100200300400500m USD2020: 327 m USD2020: EBIT 18 m USD20202021: 374 m USD2021: EBIT 27 m USD20212022: 410 m USD2022: EBIT 8.1 m USD20222023: 431 m USD2023: EBIT 44 m USD20232024: 429 m USD2024: EBIT -32 m USD20242025: 422 m USD2025: EBIT 60 m USD202542260
RevenueOperating profit (EBIT)

Business

Share of revenue
Enterprise software support60 %

Independent support for enterprise software licenses, including Oracle and other major vendors.

Managed services20 %

Application and database management services delivered as part of Rimini Manage.

Professional services and consulting10 %

Implementation, advisory, and related services that support client software environments.

Security and monitoring services5 %

Extra Secure Support, Rimini Protect, and Rimini Watch offerings for higher-assurance operations.

Other software innovation solutions5 %

Rimini ONE and newer ERP innovation solutions, including AI-enabled offerings.

Customers

Customers are enterprises that run mission-critical software and want an alternative to vendor-provided support, often to reduce support spend or gain more control over their IT roadmap. The client base also includes organizations that need managed services for application administration, database operations, security-sensitive environments, or cloud software platforms such as Salesforce, ServiceNow, Workday, and SAP. Sales are typically budget-driven and often tied to annual support renewal cycles, which makes timing and contract transitions important.

Enterprise software support clients

Buy independent support for Oracle and other enterprise software to lower support costs and keep systems running.

Managed services clients

Buy Rimini Manage for application administration, monitoring, and operational support.

Cloud platform customers

Buy managed services for Salesforce, ServiceNow, Workday, SAP cloud products, and AWS-related environments.

Security-sensitive and regulated customers

Buy Extra Secure Support when engineers need enhanced background checks or government clearance.

Existing client expansion accounts

Buy additional modules such as Protect, Connect, Watch, and Consult after initial support adoption.

Strategy

The company is focused on expanding its independent support franchise while broadening into managed services and AI-enabled ERP innovation solutions. It is also building partnerships with major software and cloud vendors to extend Rimini Manage across more client environments and deepen penetration within existing accounts. A further strategic priority is to grow outside the United States while maintaining the ability to transition clients off vendor support contracts.

Broaden the Solutions PortfolioMedium term

More offerings increase wallet share and reduce dependence on a single support product.

Expand international salesMedium term

Global enterprise clients create a larger addressable market and diversify revenue sources.

Develop AI-enabled ERP innovation solutionsLong term

New products can differentiate the company beyond support and managed services.

Penetrate existing client accountsShort term

Add-on services improve account value and leverage the installed base.

Geography

Q1/2026

Rimini Street sells globally and organizes its sales force across North America, Latin America, Europe, Africa, the Middle East, and Asia-Pacific. Revenue is split between the United States and international markets, with international revenue slightly larger in the latest annual disclosure. The company’s global footprint matters because its support model depends on serving multinational enterprise clients and managing currency, regulatory, and geopolitical exposure.

Other countries (US filing)56 %
United States44 %

Share of the revenue the company reports by geography.

Risks

The business is exposed to litigation, especially disputes with Oracle, because a meaningful portion of revenue is tied to software products covered by injunction compliance and wind-down requirements. It also faces client retention, pricing, cybersecurity, and foreign exchange risks because the model depends on recurring support contracts, global delivery, and handling sensitive enterprise systems. Competition from software vendors and other service providers can pressure pricing and make it harder to win or renew accounts.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Oracle litigation and injunction compliance1Oracle PeopleSoft wind-down2Cybersecurity and privacy risk3Client retention and renewal risk4Foreign exchange and geopolitical exposure5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Oracle litigation and injunction complianceImpact: HighLikelihood: High

    The company has long-running disputes with Oracle, and adverse rulings can create legal costs or business restrictions.

    Exposure: A significant portion of current revenue is tied to Oracle-related products and services.

  2. Oracle PeopleSoft wind-downImpact: HighLikelihood: High

    The company must discontinue support and services for PeopleSoft by a fixed deadline, which can reduce revenue.

    Exposure: PeopleSoft-related revenue was about 5% of fiscal 2025 revenue.

  3. Cybersecurity and privacy riskImpact: HighLikelihood: Low

    The company accesses client systems and handles sensitive enterprise data, so breaches could impair trust and create liability.

    Exposure: Managed services and support operations require secure remote access.

  4. Client retention and renewal riskImpact: MediumLikelihood: High

    Revenue depends on recurring subscriptions and renewals, so non-renewals directly affect sales.

    Exposure: Large client contract attrition was cited as a driver of revenue decline.

  5. Foreign exchange and geopolitical exposureImpact: MediumLikelihood: Low

    A large share of revenue comes from outside the United States, creating currency and cross-border operating risk.

    Exposure: International revenue exceeded U.S. revenue in fiscal 2025.

Accounting

Judgemental items
Revenue recognition across multiple service types

Support subscriptions, managed services, and professional services may be recognized on different schedules.

Impact: Affects reported revenue timing and quarterly comparability

Deferred revenue and contract costs

Annual renewals and upfront commissions create balance sheet balances that unwind over time.

Impact: Affects revenue visibility, cash flow, and expense timing

Litigation and contingent liabilities

Ongoing legal disputes can require accruals, disclosures, or cash outflows.

Impact: Can affect earnings and balance sheet reserves

Stock-based compensation

Equity awards are a recurring non-cash expense in operating costs.

Impact: Impacts operating margin and earnings quality

Debt and lease accounting

Interest, debt issuance costs, and lease ROU assets affect reported expenses and leverage presentation.

Impact: Influences net income, cash flow, and covenant analysis

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Rimini Street, Inc. (RMNI) Revenue, Earnings & Financials 2025 – Clarifo