Rimini Street, Inc. (RMNI)
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-09
$4.60-4.17%
Close 2026-09-09 · 1-day change
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-09
Intact: The reason to own it still holds.
Rimini Street aims for revenue growth between 4% and 6% in 2026. Profit margins should stay between 12.5% and 15.5%. The stock trades cheap with a PE of 9.6 versus peers at 38. Free cash flow yield is about 10%.
Revenue growth could fall below 4%. Profit margins might shrink under 12.5%. The company faces high risk and past earnings misses.
The price is about 50% below our fair value near $9. Analysts expect 7% revenue growth. We see value but risks remain.
Breaks if: Adjusted EBITDA margin falls below 12.5% in FY26
Maintain adjusted EBITDA margins between 12.5% and 15.5% for fiscal year 2026, supporting the 'Rule of 20' financial goal.
Stated as a priority in 3 of last 3 quarters. Management has consistently reiterated adjusted EBITDA margin guidance of 12.5% to 15.5% for full year 2026, aligned with the 'Rule of 20' goal. While exact quarterly margin figures are not provided, the repeated guidance indicates a stable focus on maintaining these margins.
“Adjusted EBITDA margins of 12.5% to 15.5% and consistent with the goal of achieving the 'Rule of 20' for fiscal year 2026”
“Adjusted EBITDA margins in the 12.5% to 15.5% range”
“Adjusted EBITDA margins in the 12.5% to 15.5% range”
Breaks if: Revenue growth falls below 4% in FY26
Achieve full year 2026 revenue growth between 4% and 6%, as reiterated in quarterly guidance and investor communications.
Stated as a priority in 3 of last 3 quarters. Revenue grew from $104.2 million in 2025-Q1 to $111.1 million in 2026-Q2, a 6.7% increase year over year. Management has consistently reiterated the full year 2026 revenue growth target of 4% to 6%, and the trajectory through mid-2026 is delivering within this range.
“reiterating full year 2026 outlook, which calls for revenue growth of 4% to 6%”
“reiterating full year 2026 guidance of revenue growth in the 4% to 6% range”
“reiterating full year 2026 guidance as communicated at Investor Day for revenue growth in the 4% to 6% range”
Breaks if: PE ratio rises above 15 without growth improvement
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on steady revenue growth. The current thesis state is intact, supported by strong financial performance and management's commitment to growth targets.
The market currently prices RMNI as cheap compared to its peers, with a notable expectations gap. There is a low level of fragility in the stock, suggesting that current valuations are justified.
Management has set clear revenue growth targets of 4% to 6% for 2026, and recent results show they are on track. However, there is a near-term risk of earnings misses, which could impact investor sentiment.
The future performance of RMNI will depend on management's ability to maintain guidance and the broader tech sector's momentum. Key factors include the Fed's interest rate decisions and the performance of sector leaders like SAP and CRM.
In the 1 to 3 year view, RMNI's strong fundamentals and commitment to growth are promising, but risks remain. Not investment advice.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this improved outlook. There are no current threats to the thesis.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.