Rimini Street, Inc. (NASDAQ: RMNI) completed $13.3 million of common‑stock repurchases under its $50 million Common Stock Repurchase Plan, which was approved by the board in February 2022 and extended through June 2029. The repurchases, which total 975,000 shares in fiscal Q4 2025, reduce the company’s outstanding shares by roughly 1.1 % and were executed at an average price of $3.92 per share.
The $50 million plan began as a $15 million authorization in March 2022 and was increased to $50 million in June 2022. Since the plan’s inception, Rimini Street has spent $13.3 million, with $7.6 million of that amount executed in fiscal Q3 and Q4 2025. The buyback pace reflects the company’s confidence in its cash‑flow generation and its ability to fund growth while returning capital to shareholders.
Rimini Street’s management has highlighted the program as part of a broader capital‑allocation strategy that also includes a planned Investor Day on December 3, 2025. CEO Seth Ravin and CFO Michael Perica emphasized that the company’s strong balance sheet—supported by a healthy cash position and a $5 million prepayment of term‑loan debt—provides the flexibility to continue share repurchases and reduce debt costs. The buyback signals management’s belief that the stock is undervalued at the current price and that the company can sustain shareholder returns without compromising investment in its AI‑driven ERP platform.
The repurchase program aligns with Rimini Street’s strategic shift toward “Agentic AI ERP,” a move that the company expects to drive future revenue growth. By returning capital to shareholders, the company balances its investment in emerging technology with a disciplined approach to capital allocation, reinforcing confidence among investors in its long‑term value creation plan.
The completion of the $13.3 million repurchase, coupled with the upcoming Investor Day, positions Rimini Street to communicate its financial outlook and strategic priorities, underscoring management’s commitment to both shareholder value and continued innovation in the enterprise software market.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.