Rimini Protect

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Rimini Street(RMNI) - 2025 Q1 - Earnings Call Presentation
2025-05-02 07:20
Company Overview - Rimini Street is a global provider of end-to-end enterprise software support, products, and services, founded in 2005 [16] - The company has over 5,900 signed clients, including 180+ Fortune 500 and Global 100 companies [16] - Rimini Street supports clients in 150+ countries with operations in 21 countries [16] - The average client satisfaction rating on support cases is 4.9 out of 5.0 [16, 28] Financial Performance - Rimini Street's revenue in Q1 2025 was $104.2 million [18, 69] - The annualized subscription revenue was $396 million in Q1 2025 [65] - The gross margin for Q1 2025 was 61.0% [67, 69] - The gross revenue retention rate for Q1 2025 was 88% [63] - As of December 31, 2024, the company had a U S net operating loss carryforward of $135 million [70] Market Opportunity and Solutions - Rimini Street estimates a total serviceable addressable market (SAM) of $33.7 billion for its current offerings [24] - The company sees a $1.1 billion cross-sale opportunity to existing support clients [24] - Rimini Street addresses a $65 billion incremental support opportunity with custom solutions [30] - The company offers support for custom code and global tax, legal, and regulatory support for more than 150 countries [35]