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DCF valuation

What is Rimini Street, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Rimini Street, Inc.'s reported free cash flow gives $11.40 per share. The share price was $5.53 on November 10, 2026, 51% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$55.7M
Average free cash flow, last 5 years
$22.8M
Cash
$93.3M
balance sheet of September 30, 2026
Debt
$41.7M
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
94,490,000
Revenue growth per year, last 5 years
5.2%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear0.0%1.0%2.0%10.0%$7.25+31%
Base5.0%4.0%2.5%9.0%$11.40+106%
Bull10.0%6.5%3.0%8.0%$19.15+246%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$14.37$15.28$16.38$17.76$19.54
8.0%$12.16$12.74$13.44$14.27$15.28
9.0%$10.54$10.94$11.40$11.94$12.58
10.0%$9.30$9.59$9.91$10.28$10.71
11.0%$8.33$8.54$8.77$9.04$9.33

Where the presets come from

Base: years 1 to 5 grow at Rimini Street, Inc.'s revenue growth rate over the last 5 fiscal years (5.2% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Rimini Street, Inc. company page