Rimini Street repurchases 975,000 shares for $3.8 million

Rimini Street, Inc. (NASDAQ: RMNI) repurchased 975,000 shares of common stock during the fourth fiscal quarter of 2025 for approximately $3.8 million, with an average purchase price of $3.92 per share, according to a company statement. The repurchases reduced outstanding shares by approximately 1.1%.

The enterprise software support provider has completed $13.3 million in common stock repurchases under its $50 million Common Stock Repurchase Plan approved by the board in February 2022 and extended through June 2029. The company executed $7.6 million in stock repurchases during the combined third and fourth fiscal quarters of 2025.

Rimini Street announced it will hold an Investor Day event on December 3, 2025, from 8:30 AM to 12:00 PM Eastern time. CEO Seth Ravin and the executive team will present the company's vision, strategy, sales and execution model, financial model and guidance during the webcast event.

The Las Vegas-based company provides enterprise software support, managed services and innovation solutions, positioning itself as a third-party support provider for Oracle, SAP and VMware software. Rimini Street reported approximately 91.7 million total shares outstanding as of September 30, 2025.

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