Demonstrações financeiras detalhadas de Rimini Street, Inc. (RMNI): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Rimini Street, Inc. registou receitas de $421.5M no último exercício, com um CAGR de 5 anos de 5.2%. O lucro líquido atingiu $37.1M, com CAGR de 5 anos de 26.2%.
Margens dos últimos 12 meses: margem bruta 60.1%, margem operacional 5.5%, margem líquida 1.7%. O fluxo de caixa livre cresceu a CAGR de 6.5% em 5 anos.
Ao preço atual de $4.47, RMNI negocia a um P/L de 54.05 e um ROE de -31.00%. A capitalização de mercado é de $417M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $160.2M | $212.6M | $252.8M | $281.1M | $326.8M | $374.4M | $409.7M | $431.5M | $428.8M | $421.5M |
| Custo da Receita | $3.3M | $82.9M | $96.0M | $105.1M | $126.2M | $136.5M | $152.4M | $162.5M | $167.7M | $166.9M |
| Lucro Bruto | $156.8M | $129.7M | $156.8M | $175.9M | $200.6M | $238.0M | $257.3M | $269.0M | $261.0M | $254.6M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $109.1M | $102.9M | $130.2M | $158.6M | $168.0M | $192.7M | $218.4M | $215.4M | $222.8M | $226.4M |
| Despesas Operacionais | $3.3M | $102.9M | $130.2M | $153.8M | $182.7M | $211.2M | $249.2M | $215.4M | $293.1M | $221.6M |
| Lucro Operacional | -$3.3M | $22.0M | $26.6M | $22.1M | $17.9M | $26.8M | $8.1M | $53.6M | -$32.1M | $33.0M |
| EBITDA | $10.1M | -$14.5M | -$23.8M | $26.4M | $24.2M | $29.5M | $16.1M | $50.4M | -$22.2M | $65.9M |
| Despesas com Juros | $485356 | $35.5M | $36.3M | $398000 | $77000 | $1.6M | $4.3M | $5.5M | $6.3M | $6.4M |
| Lucro Antes de Impostos | -$2.9M | -$52.0M | -$66.0M | $24.1M | $16.2M | $19.4M | $3.8M | $41.2M | -$36.6M | $55.6M |
| Imposto | -$485356 | $1.3M | -$2.0M | $2.7M | $4.6M | -$55.8M | $6.3M | $15.2M | -$371000 | $18.5M |
| Lucro Líquido | -$2.9M | -$53.3M | -$68.0M | $21.4M | $11.6M | $75.2M | -$2.5M | $26.1M | -$36.3M | $37.1M |
| LPA | $-0.12 | $-1.65 | $-1.11 | $-0.12 | $0.16 | $0.89 | $-0.03 | $0.29 | $-0.40 | $0.40 |
| LPA Diluído | $-0.12 | $-1.65 | $-1.11 | $-0.12 | $0.16 | $0.85 | $-0.03 | $0.29 | $-0.40 | $0.39 |
| Ações em Circulação (Diluídas) | $24.3M | $32.2M | $61.4M | $66.0M | $71.2M | $89.0M | $87.7M | $89.5M | $90.5M | $94.5M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $103.4M | $109.8M | $105.5M | $111.1M |
| Lucro Bruto | $61.9M | $66.3M | $62.3M | $67.7M |
| Lucro Operacional | $4.4M | $7.5M | $5.2M | $6.5M |
| EBITDA | $7.2M | $6.2M | $5.9M | $8.4M |
| Lucro Líquido | $2.8M | $724000 | $1.4M | $2.4M |
| LPA | $0.03 | $0.01 | $0.01 | $0.03 |
| LPA Diluído | $0.03 | $0.01 | $0.01 | $0.03 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $1551 | $21.9M | $24.8M | $38.4M | $87.9M | $119.6M | $109.0M | $115.4M | $88.8M | $120.0M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | $20.1M | $9.8M | 0 | 0 |
| Contas a Receber | $55.3M | $63.5M | $81.6M | $113.4M | $119.7M | $138.5M | $118.9M | $122.7M | $133.6M | $142.0M |
| Estoque | 0 | $18.1M | $435000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $219219 | $112.1M | $112.9M | $165.2M | $219.3M | $286.8M | $281.7M | $288.7M | $256.3M | $300.4M |
| Imobilizado | $4.6M | $4.3M | $3.6M | $3.7M | $22.3M | $17.2M | $13.3M | $16.4M | $17.1M | $31.6M |
| Ágio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Totais | $173.3M | $122.2M | $118.9M | $208.9M | $291.9M | $391.3M | $391.0M | $393.8M | $369.1M | $423.1M |
| Contas a Pagar | $63009 | $10.1M | $12.9M | $2.3M | $3.2M | $5.7M | $8.0M | $6.0M | $5.3M | $5.8M |
| Dívida de Curto Prazo | 0 | $15.5M | $2.4M | $222000 | $4.4M | $3.7M | $4.8M | $5.9M | $3.1M | $4.0M |
| Passivos Circulantes | $698690 | $228.7M | $238.5M | $259.3M | $295.3M | $329.5M | $353.0M | $336.4M | $324.6M | $347.4M |
| Dívida de Longo Prazo | 0 | $66.6M | 0 | 0 | 0 | $79.7M | $70.0M | $64.2M | $82.2M | $63.2M |
| Passivos Totais | $8.6M | $332.5M | $384.5M | $300.2M | $357.1M | $471.6M | $468.2M | $433.3M | $438.5M | $450.1M |
| Reservas | -$3.0M | -$304.4M | -$372.4M | -$314.7M | -$301.0M | -$225.8M | -$228.3M | -$202.2M | -$238.5M | -$201.4M |
| Patrimônio Líquido | $164.6M | -$210.3M | -$265.6M | -$91.3M | -$65.2M | -$80.4M | -$77.2M | -$39.5M | -$69.4M | -$27.0M |
| Dívida Total | $2.5M | $82.1M | $2.4M | $373000 | $20.4M | $100.4M | $88.4M | $81.7M | $96.6M | $91.0M |
| Dívida Líquida | $2.5M | $60.2M | -$22.4M | -$38.0M | -$67.5M | -$19.2M | -$40.7M | -$43.6M | $7.8M | -$29.0M |
| Capital de Giro | -$479471 | -$116.6M | -$125.6M | -$94.2M | -$76.0M | -$42.7M | -$71.3M | -$47.7M | -$68.3M | -$47.0M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $108.7M | $120.0M | $132.2M | $123.4M |
| Ativos Totais | $352.9M | $423.1M | $397.1M | $384.3M |
| Passivos Totais | $380.1M | $450.1M | $419.7M | $400.9M |
| Patrimônio Líquido | -$27.3M | -$27.0M | -$22.6M | -$16.7M |
| Dívida Total | $91.9M | $91.0M | $78.6M | $67.5M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$12.9M | -$50.0M | -$64.0M | $21.4M | $11.6M | $75.2M | -$2.5M | $26.1M | -$36.3M | $37.1M |
| Depreciação e Amortização | $1.8M | $2.0M | $1.8M | $1.9M | $8.0M | $8.5M | $8.0M | $7.3M | $8.2M | $8.9M |
| Compensação em Ações | $2.3M | $3.0M | $4.4M | $5.5M | $7.5M | $9.7M | $10.9M | $12.5M | $9.5M | $11.1M |
| Variação Capital de Giro | -$65.1M | $16.9M | $1.1M | -$4.6M | $13.0M | $29.5M | $16.5M | -$41.1M | -$11.2M | -$8.7M |
| Fluxo de Caixa Operacional | -$59.6M | $29.2M | $22.4M | $20.4M | $42.1M | $66.9M | $34.9M | $12.5M | -$38.8M | $60.2M |
| CapEx | -$1.2M | -$1.4M | -$1.1M | -$1.9M | -$1.5M | -$2.1M | -$4.3M | -$7.2M | -$3.4M | -$4.6M |
| Aquisições | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Ações | 0 | 0 | -$2.8M | 0 | -$4.5M | -$157.9M | -$4.7M | -$1.0M | 0 | -$7.6M |
| Dividendos Pagos | 0 | 0 | -$2.8M | -$14.7M | -$15.8M | -$12.7M | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$60.8M | $27.8M | $21.3M | $18.5M | $40.6M | $64.8M | $30.6M | $5.3M | -$42.2M | $55.6M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $24.7M | $19.6M | $24.5M | -$1.6M |
| CapEx | -$1.2M | -$706000 | -$648000 | -$730000 |
| Fluxo de Caixa Livre | $23.5M | $18.9M | $23.9M | -$2.4M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $2.8M | $2.7M | $2.7M | $2.7M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +32.8% | +18.9% | +11.2% | +16.3% | +14.6% | +9.4% | +5.3% | -0.6% | -1.7% |
| Crescimento Lucro Líquido (anual) | | -1762.8% | -27.5% | +131.5% | -45.9% | +549.2% | -103.3% | +1150.8% | -239.2% | +202.3% |
| Crescimento LPA (anual) | | -1275.0% | +32.7% | +89.2% | +233.3% | +456.2% | -103.2% | +1124.7% | -237.9% | +200.0% |
| Variação de Ações (anual) | | +32.8% | +90.5% | +7.6% | +7.8% | +24.9% | -1.5% | +2.1% | +1.1% | +4.4% |
| Crescimento FCF (anual) | | +145.7% | -23.2% | -13.2% | +119.4% | +59.6% | -52.9% | -82.8% | -903.6% | +231.8% |
| Margem Bruta | 97.9% | 61.0% | 62.0% | 62.6% | 61.4% | 63.6% | 62.8% | 62.3% | 60.9% | 60.4% |
| Margem Operacional | -2.1% | 10.3% | 10.5% | 7.9% | 5.5% | 7.2% | 2.0% | 12.4% | -7.5% | 7.8% |
| Margem EBITDA | 6.3% | -6.8% | -9.4% | 9.4% | 7.4% | 7.9% | 3.9% | 11.7% | -5.2% | 15.6% |
| Margem Líquida | -1.8% | -25.1% | -26.9% | 7.6% | 3.5% | 20.1% | -0.6% | 6.0% | -8.5% | 8.8% |
| Margem FCF | -38.0% | 13.1% | 8.4% | 6.6% | 12.4% | 17.3% | 7.5% | 1.2% | -9.8% | 13.2% |
| Taxa Efetiva de Imposto | 17.0% | -2.5% | 3.0% | 11.3% | 28.3% | -287.0% | 165.2% | 36.8% | 1.0% | 33.3% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-2.51 | $0.86 | $0.35 | $0.28 | $0.57 | $0.73 | $0.35 | $0.06 | $-0.47 | $0.59 |
| Dividendo por Ação | $0.00 | $0.00 | $0.05 | $0.22 | $0.22 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $24.3M | $32.2M | $61.4M | $66.0M | $71.2M | $84.3M | $87.7M | $89.1M | $90.5M | $91.7M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | -31.00% |
| Retorno sobre capital investido | 15.52% |
| Retorno sobre ativos | 1.89% |
| Margem bruta | 60.07% |
| Margem operacional | 5.51% |
| Margem líquida | 1.69% |
Saúde financeira
| Dívida / Patrimônio | -4.05 |
| Liquidez corrente | 0.84 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -82.58 | -4.79 | -4.64 | -32.33 | 27.69 | 6.71 | -134.63 | 11.28 | -6.67 | 9.70 |
| P/VP | 1.46 | -1.21 | -1.19 | -2.81 | -4.84 | -6.26 | -4.33 | -7.37 | -3.48 | -13.17 |
| P/V | 1.50 | 1.20 | 1.25 | 0.91 | 0.97 | 1.34 | 0.82 | 0.68 | 0.56 | 0.84 |
| Margem Bruta | 97.9% | 61.0% | 62.0% | 62.6% | 61.4% | 63.6% | 62.8% | 62.3% | 60.9% | 60.4% |
| Margem Operacional | -2.1% | 10.3% | 10.5% | 7.9% | 5.5% | 7.2% | 2.0% | 12.4% | -7.5% | 7.8% |
| Margem Líquida | -1.8% | -25.1% | -26.9% | 7.6% | 3.5% | 20.1% | -0.6% | 6.0% | -8.5% | 8.8% |