Filing Flows › Rimini Street (RMNI) › Q1 2025
Rimini Street (RMNI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Rimini Street (RMNI) reported revenue of $104M for the first quarter 2025 (Q1 2025), -2% from a year earlier and -9% from the quarter before. Operating margin was 9.0%, net earnings $3.4M (3.2% of revenue).
Rimini Street, Q1 2025: revenue $104M (-2% year over year), operating margin 9.0%, net earnings $3.4M, operating cash flow $33.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $104M | -9% | -2% |
| Gross profit | $63.5M | -13% | -0.5% |
| Operating profit | $9.4M | -37% | +178% |
| Net earnings | $3.4M | -50% | +154% |
| Operating cash flow | $33.7M | — | +204% |
| Free cash flow | $32.8M | — | +231% |
What changed
Revenue was $104.2M in Q1 2025, down 2% year over year and down 9% from the previous quarter.
Gross margin was 61.0%, up 1.2 points from a year earlier. Operating profit was $9.4M, a 9.0% margin (up 5.8 points year over year). Operating expenses fell 10% while revenue fell 2%. Net earnings were $3.4M, up 154% year over year. The effective tax rate was 56.0%.
Operating cash flow was $33.7M (up 204% year over year), 1006% of net earnings. Non-cash charges added back $930K of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $26.7M. Capital expenditures of $895K left free cash flow of $32.8M.
Questions
What was Rimini Street's revenue in the first quarter 2025?
Rimini Street (RMNI) reported revenue of $104M for the first quarter 2025 (Q1 2025), -2% from a year earlier and -9% from the quarter before.
Was Rimini Street profitable in the first quarter 2025?
Operating profit was $9.4M (9.0% of revenue) and net earnings $3.4M.
Source: Rimini Street 10-Q on SEC EDGAR.