Rimini Street, Inc. (NASDAQ: RMNI) completed a $3.8 million share repurchase on December 1, 2025, buying back 975,000 shares at an average price of $3.92 per share. The transaction reduces the company’s outstanding shares by roughly 1.1 percent and brings cumulative repurchases under the $50 million Common Stock Repurchase Plan to $13.3 million.
The $50 million plan was authorized by the board in February 2022 and has been extended through June 2029. In the third and fourth fiscal quarters of 2025, Rimini Street executed $7.6 million of buybacks, underscoring a steady, disciplined approach to returning capital while preserving liquidity.
Rimini Street’s cash‑flow profile supports the buyback. The company generated strong operating cash flow in Q3 2025, but revenue slipped 1.2 percent year‑over‑year to $103.4 million, and gross margin fell to 59.9 percent. The decline reflects weaker demand for legacy Oracle PeopleSoft services, while the company’s cost‑control program has helped keep margins from compressing further.
Management framed the repurchase as a confidence‑building measure that balances shareholder returns with continued investment in growth. CFO Michael L. Perica noted that the company can “continue to fund growth, return capital to shareholders, and reduce debt obligations.” The company also scheduled an Investor Day for December 3, 2025, where executives will discuss strategy and financial guidance.
The buyback reduces the share base, which can lift earnings per share and support the stock’s valuation. It also signals that Rimini Street’s balance sheet remains robust enough to fund capital returns even as it navigates revenue headwinds and focuses on high‑margin service segments.
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.