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Side-by-side financial comparison of Rimini Street, Inc. (RMNI) and Safehold Inc. (SAFE). Click either name above to swap in a different company.

Rimini Street, Inc. is the larger business by last-quarter revenue ($105.5M vs $97.9M, roughly 1.1× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 1.3%, a 27.2% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs 1.2%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% CAGR vs 1.1%).

Rimini Street, Inc. is a global provider of independent third-party support services for enterprise software products including Oracle and SAP platforms. It serves clients across multiple industries worldwide, delivering cost-effective support, maintenance, and consulting solutions that help businesses cut operational expenses while ensuring software performance and security.

SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.

RMNI vs SAFE — Head-to-Head

Bigger by revenue
RMNI
RMNI
1.1× larger
RMNI
$105.5M
$97.9M
SAFE
Growing faster (revenue YoY)
SAFE
SAFE
+5.3% gap
SAFE
6.5%
1.2%
RMNI
Higher net margin
SAFE
SAFE
27.2% more per $
SAFE
28.5%
1.3%
RMNI
Faster 2-yr revenue CAGR
SAFE
SAFE
Annualised
SAFE
2.5%
1.1%
RMNI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
RMNI
RMNI
SAFE
SAFE
Revenue
$105.5M
$97.9M
Net Profit
$1.4M
$27.9M
Gross Margin
59.0%
98.6%
Operating Margin
4.6%
27.4%
Net Margin
1.3%
28.5%
Revenue YoY
1.2%
6.5%
Net Profit YoY
-59.4%
7.1%
EPS (diluted)
$0.01
$0.38

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
RMNI
RMNI
SAFE
SAFE
Q1 26
$105.5M
Q4 25
$109.8M
$97.9M
Q3 25
$103.4M
$96.2M
Q2 25
$104.1M
$93.8M
Q1 25
$104.2M
$97.7M
Q4 24
$114.2M
$91.9M
Q3 24
$104.7M
$90.7M
Q2 24
$103.1M
$89.9M
Net Profit
RMNI
RMNI
SAFE
SAFE
Q1 26
$1.4M
Q4 25
$724.0K
$27.9M
Q3 25
$2.8M
$29.3M
Q2 25
$30.3M
$27.9M
Q1 25
$3.4M
$29.4M
Q4 24
$6.7M
$26.0M
Q3 24
$-43.1M
$19.3M
Q2 24
$-1.1M
$29.7M
Gross Margin
RMNI
RMNI
SAFE
SAFE
Q1 26
59.0%
Q4 25
60.4%
98.6%
Q3 25
59.9%
98.5%
Q2 25
60.4%
99.1%
Q1 25
61.0%
98.8%
Q4 24
63.7%
98.8%
Q3 24
60.7%
98.8%
Q2 24
59.1%
98.8%
Operating Margin
RMNI
RMNI
SAFE
SAFE
Q1 26
4.6%
Q4 25
4.5%
27.4%
Q3 25
4.2%
25.9%
Q2 25
39.6%
25.5%
Q1 25
9.0%
25.9%
Q4 24
13.0%
24.6%
Q3 24
-47.4%
17.5%
Q2 24
-0.8%
26.7%
Net Margin
RMNI
RMNI
SAFE
SAFE
Q1 26
1.3%
Q4 25
0.7%
28.5%
Q3 25
2.7%
30.5%
Q2 25
29.1%
29.8%
Q1 25
3.2%
30.1%
Q4 24
5.8%
28.3%
Q3 24
-41.2%
21.3%
Q2 24
-1.1%
33.0%
EPS (diluted)
RMNI
RMNI
SAFE
SAFE
Q1 26
$0.01
Q4 25
$0.00
$0.38
Q3 25
$0.03
$0.41
Q2 25
$0.32
$0.39
Q1 25
$0.04
$0.41
Q4 24
$0.07
$0.36
Q3 24
$-0.47
$0.27
Q2 24
$-0.01
$0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
RMNI
RMNI
SAFE
SAFE
Cash + ST InvestmentsLiquidity on hand
$132.2M
$21.7M
Total DebtLower is stronger
$56.4M
$4.6B
Stockholders' EquityBook value
$2.4B
Total Assets
$397.1M
$7.2B
Debt / EquityLower = less leverage
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RMNI
RMNI
SAFE
SAFE
Q1 26
$132.2M
Q4 25
$120.0M
$21.7M
Q3 25
$108.7M
$12.1M
Q2 25
$101.3M
$13.9M
Q1 25
$122.6M
$17.3M
Q4 24
$88.8M
$8.3M
Q3 24
$119.5M
$15.6M
Q2 24
$134.2M
$13.4M
Total Debt
RMNI
RMNI
SAFE
SAFE
Q1 26
$56.4M
Q4 25
$4.6B
Q3 25
$4.5B
Q2 25
$4.4B
Q1 25
$4.3B
Q4 24
$4.3B
Q3 24
$4.3B
Q2 24
$4.2B
Stockholders' Equity
RMNI
RMNI
SAFE
SAFE
Q1 26
Q4 25
$-27.0M
$2.4B
Q3 25
$-27.3M
$2.4B
Q2 25
$-29.0M
$2.4B
Q1 25
$-63.7M
$2.4B
Q4 24
$-69.4M
$2.3B
Q3 24
$-76.8M
$2.3B
Q2 24
$-36.1M
$2.3B
Total Assets
RMNI
RMNI
SAFE
SAFE
Q1 26
$397.1M
Q4 25
$423.1M
$7.2B
Q3 25
$352.9M
$7.1B
Q2 25
$397.5M
$7.1B
Q1 25
$343.0M
$6.9B
Q4 24
$369.1M
$6.9B
Q3 24
$343.8M
$6.8B
Q2 24
$367.4M
$6.8B
Debt / Equity
RMNI
RMNI
SAFE
SAFE
Q1 26
Q4 25
1.90×
Q3 25
1.89×
Q2 25
1.87×
Q1 25
1.85×
Q4 24
1.84×
Q3 24
1.88×
Q2 24
1.81×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
RMNI
RMNI
SAFE
SAFE
Operating Cash FlowLast quarter
$47.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RMNI
RMNI
SAFE
SAFE
Q1 26
Q4 25
$19.6M
$47.8M
Q3 25
$24.7M
$-1.4M
Q2 25
$-17.8M
$28.0M
Q1 25
$33.7M
$8.9M
Q4 24
$-37.7M
$37.9M
Q3 24
$-18.5M
$8.3M
Q2 24
$6.3M
$24.8M
Free Cash Flow
RMNI
RMNI
SAFE
SAFE
Q1 26
Q4 25
$18.9M
Q3 25
$23.5M
Q2 25
$-19.5M
Q1 25
$32.8M
Q4 24
$-38.4M
Q3 24
$-19.2M
Q2 24
$5.4M
FCF Margin
RMNI
RMNI
SAFE
SAFE
Q1 26
Q4 25
17.2%
Q3 25
22.7%
Q2 25
-18.8%
Q1 25
31.5%
Q4 24
-33.6%
Q3 24
-18.3%
Q2 24
5.2%
Capex Intensity
RMNI
RMNI
SAFE
SAFE
Q1 26
Q4 25
0.6%
Q3 25
1.2%
Q2 25
1.7%
Q1 25
0.9%
Q4 24
0.6%
Q3 24
0.6%
Q2 24
0.8%
Cash Conversion
RMNI
RMNI
SAFE
SAFE
Q1 26
Q4 25
27.02×
1.72×
Q3 25
8.94×
-0.05×
Q2 25
-0.59×
1.00×
Q1 25
10.06×
0.30×
Q4 24
-5.66×
1.45×
Q3 24
0.43×
Q2 24
0.83×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

RMNI
RMNI

Segment breakdown not available.

SAFE
SAFE

Equity Method Investment Nonconsolidated Investee Or Group Of Investees$60.3M62%
Other$33.7M34%
Stabilized Properties$3.8M4%

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