Ibex vs Rimini Street
Ibex is the larger business, with $644m of revenue in fiscal 2026 against $422m for Rimini Street (1.5 times as much). Ibex grew faster (15.4% against -1.7%). Rimini Street kept more of each dollar of sales as profit: a net margin of 8.8% against 7.2%.
| Latest fiscal year | IbexIBEX, 2026 | Rimini StreetRMNI, 2025 |
|---|---|---|
| Revenue | $644m | $422m |
| Revenue growth | 15.4% | -1.7% |
| Net income | $46.3m | $37.1m |
| Operating margin | 8.5% | 14.2% |
| Net margin | 7.2% | 8.8% |
| Return on equity | 30.4% | — |
| Free cash flow | $31.2m | $55.6m |
| Cash | $32.6m | $120m |
| Total debt | $1.7m | $67.2m |
| Debt to equity | 1.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $14.4m | $7.6m |
| Employees | 35,000 | — |
| Market value | $594m | $447m |
| Price vs our value range | Within our value range | — |
| Moat score | — | 40 (Weak) |
| Insider trades, 12 months | 0 buys, 25 sales | 0 buys, 53 sales |