Rimini Street Inc Class A (RMNI)

Over the past six months, Rimini Street's stock has been impacted by several events. In May 2026, the company announced its Fiscal First Quarter 2026 Financial and Operating Results, leading to an 18.77% stock price increase, and the CFO executed a pre-planned stock sale. In April 2026, announcements regarding investor events and first-quarter results led to increases of 2.05% and 4.60%, respectively, and debt reduction and credit agreement amendments resulted in a 1.22% increase. In March 2026, a partnership with Lotte Rental led to a 5.13% increase, while winning Stevie Awards resulted in a -1.85% change. In February 2026, the company reported its 2025 results, swinging to a $37.1 million net income, and insiders have sold more stock than they have bought, with sales totaling $1,142,381.00.

Rimini Street experiences seasonality in its net billing activity, with higher net billings typically occurring during the fourth quarter of each fiscal year. This seasonality is attributed to the timing of client contract terms, as Rimini Street enters into support and services agreements with new clients and renewal agreements with existing clients at various times throughout the year. The business model is largely subscription-based, providing a foundation for recurring revenue.

Rimini Street is a global provider of end-to-end enterprise software support, managed services, and Agentic AI ERP solutions, operating within the IT Consulting & Managed Services sector. The company offers third-party maintenance and support for enterprise software applications from vendors like Oracle, SAP, and VMware, structured around its 'Rimini Smart Path' model, which includes Support, Optimize, and Innovate. Its major products and services include Rimini Support, Rimini Manage, Rimini Protect, Rimini Connect, Rimini Consult, Rimini Custom, and Rimini Agentic UX Solutions. Rimini Street serves a diverse client base, including Fortune Global 100, Fortune 500, midmarket, public sector, and government organizations across various industries.

Rimini Street has a significant global presence, supporting over 3,100 active clients in more than 150 countries as of December 31, 2025, with 54% of its 2025 revenue from international markets and 46% from the United States. The company's corporate headquarters are in Las Vegas, Nevada, USA, with offices in the Americas (Brazil, Canada, Mexico, USA), EMEA (Netherlands, France, Germany, Israel, Poland, Sweden, United Arab Emirates, United Kingdom), and Asia (India).

Rimini Street has maintained a positive brand reputation over the past year, marked by industry accolades and client satisfaction. In March 2026, Rimini Street won multiple Stevie Awards for Sales & Customer Service Excellence. In January 2026, Rimini Street was recognized with a Tech Ascension Award and a Silver Globee Award, and the CEO received the 2025 Top Tech of the Year Award. In 2023, Rimini Street received the 'Experience Award' from Sainsbury's and CPFL's Outstanding IT Partner Award. The company's service delivery team consistently maintains a 4.9 out of 5.0 client satisfaction score and is recognized for its industry-leading service standard.

Institutions hold approximately 34% to 73.75% of Rimini Street's shares, with the top four shareholders holding about 51% of the business. Key institutional shareholders include Adams Street Partners LLC, Conifer Management, L.L.C., and Vanguard Group Inc. Insiders hold a significant stake, with approximately 29.48% of the company's stock. Seth A. Ravin, the CEO, is the largest individual shareholder, owning 11.29 million shares, representing 12.32% of the company.