RMNI - Rimini Street, Inc.
NASDAQ
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Technology
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Software—Application
Las Vegas,
United States
Type: Equity
RMNI price evolution
RMNI
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $115.85 | $108.66 | $123.97 | $116.59 |
| Short term investments | $9.83 | $19.91 | $17.13 | $18.79 |
| Net receivables | $119.43 | $61.19 | $85.06 | $89.32 |
| Inventory | ||||
| Total current assets | $288.69 | $232.08 | $264.99 | $261.79 |
| Long term investments | ||||
| Property, plant & equipment | $16.44 | $14.83 | $14.27 | $12.88 |
| Goodwill & intangible assets | ||||
| Total noncurrent assets | $105.11 | $102.89 | $105.86 | $106.31 |
| Total investments | $9.83 | $19.91 | $17.13 | $18.79 |
| Total assets | $393.8 | $334.98 | $370.86 | $368.1 |
| Current liabilities | ||||
| Accounts payable | $6 | $6.14 | $4.63 | $5.96 |
| Deferred revenue | $286.97 | $238.4 | $285.32 | $287.38 |
| Short long term debt | $10.23 | $10.09 | $10.13 | $9.4 |
| Total current liabilities | $336.43 | $288.8 | $329.23 | $329.62 |
| Long term debt | $71.07 | $73.18 | $75.64 | $76.65 |
| Total noncurrent liabilities | $96.86 | $99.23 | $103.69 | $108.6 |
| Total debt | $81.3 | $83.27 | $85.78 | $86.05 |
| Total liabilities | $433.29 | $388.02 | $432.92 | $438.22 |
| Shareholders' equity | ||||
| Retained earnings | -$202.21 | -$211.56 | -$218.36 | -$222.63 |
| Other shareholder equity | -$4.17 | -$4.9 | -$3.98 | -$4.83 |
| Total shareholder equity | -$39.5 | -$53.05 | -$62.06 | -$70.12 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $115.85 | $109.43 | $119.99 | $87.91 |
| Short term investments | $9.83 | $20.11 | ||
| Net receivables | $119.43 | $118.89 | $135.45 | $117.94 |
| Inventory | ||||
| Total current assets | $288.69 | $281.71 | $286.76 | $233.22 |
| Long term investments | ||||
| Property, plant & equipment | $16.44 | $13.26 | $17.16 | $22.34 |
| Goodwill & intangible assets | ||||
| Total noncurrent assets | $105.11 | $109.33 | $104.5 | $46.72 |
| Total investments | $9.83 | $20.11 | ||
| Total assets | $393.8 | $391.04 | $391.26 | $279.94 |
| Current liabilities | ||||
| Accounts payable | $6 | $8.04 | $5.71 | $3.24 |
| Deferred revenue | $286.97 | $299.92 | $300.27 | $256.93 |
| Short long term debt | $10.23 | $9.01 | $7.89 | $3.94 |
| Total current liabilities | $336.43 | $353.03 | $329.5 | $295.33 |
| Long term debt | $71.07 | $70.68 | $92.17 | $15.99 |
| Total noncurrent liabilities | $96.86 | $115.18 | $142.15 | $47.69 |
| Total debt | $81.3 | $88.11 | $100.06 | $19.93 |
| Total liabilities | $433.29 | $468.21 | $471.65 | $343.02 |
| Shareholders' equity | ||||
| Retained earnings | -$202.21 | -$228.27 | -$225.79 | -$301.68 |
| Other shareholder equity | -$4.17 | -$4.2 | -$2.72 | -$0.32 |
| Total shareholder equity | -$39.5 | -$77.17 | -$80.39 | -$200.94 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $112.11 | $107.45 | $106.42 | $105.51 |
| Cost of revenue | $43.71 | $40.11 | $39.35 | $39.34 |
| Gross Profit | $68.4 | $67.34 | $67.07 | $66.17 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $52.55 | $53.98 | $56.15 | $52.71 |
| Total operating expenses | $56.85 | $56.1 | $56.78 | $55.48 |
| Operating income | $11.55 | $11.24 | $10.29 | $10.69 |
| Income from continuing operations | ||||
| EBIT | $12.74 | $12.23 | $10.57 | $11.21 |
| Income tax expense | $2 | $4.01 | $4.92 | $4.24 |
| Interest expense | $1.38 | $1.41 | $1.39 | $1.34 |
| Net income | ||||
| Net income | $9.35 | $6.8 | $4.27 | $5.64 |
| Income (for common shares) | $9.35 | $6.8 | $4.27 | $5.64 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $431.5 | $409.66 | $374.43 | $326.78 |
| Cost of revenue | $162.51 | $152.38 | $136.46 | $126.21 |
| Gross Profit | $268.98 | $257.28 | $237.97 | $200.57 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $215.38 | $218.38 | $192.67 | $166.96 |
| Total operating expenses | $225.22 | $249.19 | $211.19 | $182.69 |
| Operating income | $43.77 | $8.09 | $26.77 | $17.88 |
| Income from continuing operations | ||||
| EBIT | $46.75 | $8.08 | $20.98 | $17.63 |
| Income tax expense | $15.17 | $6.29 | -$55.78 | $4.57 |
| Interest expense | $5.52 | $4.27 | $1.55 | $0.08 |
| Net income | ||||
| Net income | $26.06 | -$2.48 | $75.22 | $12.98 |
| Income (for common shares) | $26.06 | -$2.48 | $75.22 | $12.98 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | $9.35 | $6.8 | $4.27 | $5.64 |
| Operating activities | ||||
| Depreciation | $1.96 | $1.86 | $1.73 | $1.76 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $3.47 | $3.13 | $3.95 | $1.98 |
| Total cash flows from operations | -$1.15 | -$8.14 | $13.11 | $8.64 |
| Investing activities | ||||
| Capital expenditures | -$3.56 | -$1.56 | -$1.07 | -$1.03 |
| Investments | $10.79 | -$1.46 | $0.27 | $0.68 |
| Total cash flows from investing | $7.24 | -$3.02 | -$0.79 | -$0.35 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$1.01 | $0.07 | ||
| Net borrowings | -$1.77 | -$1.77 | -$1.24 | -$1.17 |
| Total cash flows from financing | -$1.77 | -$1.77 | -$2.25 | -$1.1 |
| Effect of exchange rate | $2.88 | -$2.38 | -$2.69 | -$0.04 |
| Change in cash and equivalents | $7.19 | -$15.31 | $7.38 | $7.16 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $26.06 | -$2.48 | $75.22 | $12.98 |
| Operating activities | ||||
| Depreciation | $7.31 | $8.03 | $8.54 | $8.01 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $12.52 | $10.89 | $9.71 | $7.46 |
| Total cash flows from operations | $12.47 | $34.9 | $66.94 | $42.1 |
| Investing activities | ||||
| Capital expenditures | -$7.21 | -$4.33 | -$2.11 | -$1.48 |
| Investments | $10.29 | -$20.11 | ||
| Total cash flows from investing | $3.08 | -$24.45 | -$2.11 | -$1.48 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$0.94 | -$3.75 | $60.42 | $26.91 |
| Net borrowings | -$5.96 | -$9.81 | $82.45 | -$0.26 |
| Total cash flows from financing | -$6.89 | -$13.57 | -$26.57 | $6.38 |
| Effect of exchange rate | -$2.23 | -$7.44 | -$6.19 | $2.53 |
| Change in cash and equivalents | $6.42 | -$10.56 | $32.08 | $49.52 |
News
Fundamentals
| Market cap | $250.87M |
|---|---|
| Enterprise value | $216.32M |
| Shares outstanding | 89.59M |
| Revenue | $431.50M |
|---|---|
| EBITDA | $54.06M |
| EBIT | $46.75M |
| Net Income | $26.06M |
| Revenue Q/Q | 3.21% |
| Revenue Y/Y | 5.33% |
| P/E ratio | 9.63 |
|---|---|
| EV/Sales | 0.50 |
| EV/EBITDA | 4.00 |
| EV/EBIT | 4.63 |
| P/S ratio | 0.58 |
| P/B ratio | -7.10 |
| Book/Share | -0.39 |
| Cash/Share | 1.29 |
| EPS | $0.29 |
|---|---|
| ROA | 7.10% |
| ROE | -46.38% |
| Debt/Equity | -10.97 |
|---|---|
| Net debt/EBITDA | 5.87 |
| Current ratio | 0.86 |
| Quick ratio | 0.86 |