vs
Side-by-side financial comparison of Rimini Street, Inc. (RMNI) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
Shoals Technologies Group, Inc. is the larger business by last-quarter revenue ($148.3M vs $109.8M, roughly 1.4× Rimini Street, Inc.). Shoals Technologies Group, Inc. runs the higher net margin — 5.5% vs 0.7%, a 4.8% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs -3.9%). Rimini Street, Inc. produced more free cash flow last quarter ($18.9M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs 1.4%).
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.
Shoals Technologies Group is a leading provider of electrical balance of systems solutions for renewable energy and e-mobility. It supplies connectivity components for solar projects, energy storage systems and EV charging infrastructure, serving clients across North America, Europe and Asia-Pacific.
RMNI vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $109.8M | $148.3M |
| Net Profit | $724.0K | $8.1M |
| Gross Margin | 60.4% | 31.6% |
| Operating Margin | 4.5% | 11.7% |
| Net Margin | 0.7% | 5.5% |
| Revenue YoY | -3.9% | 38.6% |
| Net Profit YoY | -89.1% | 3.9% |
| EPS (diluted) | $0.00 | $0.05 |
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.
| Q4 25 | $109.8M | $148.3M | ||
| Q3 25 | $103.4M | $135.8M | ||
| Q2 25 | $104.1M | $110.8M | ||
| Q1 25 | $104.2M | $80.4M | ||
| Q4 24 | $114.2M | $107.0M | ||
| Q3 24 | $104.7M | $102.2M | ||
| Q2 24 | $103.1M | $99.2M | ||
| Q1 24 | $106.7M | $90.8M |
| Q4 25 | $724.0K | $8.1M | ||
| Q3 25 | $2.8M | $11.9M | ||
| Q2 25 | $30.3M | $13.9M | ||
| Q1 25 | $3.4M | $-282.0K | ||
| Q4 24 | $6.7M | $7.8M | ||
| Q3 24 | $-43.1M | $-267.0K | ||
| Q2 24 | $-1.1M | $11.8M | ||
| Q1 24 | $1.3M | $4.8M |
| Q4 25 | 60.4% | 31.6% | ||
| Q3 25 | 59.9% | 37.0% | ||
| Q2 25 | 60.4% | 37.2% | ||
| Q1 25 | 61.0% | 35.0% | ||
| Q4 24 | 63.7% | 37.6% | ||
| Q3 24 | 60.7% | 24.8% | ||
| Q2 24 | 59.1% | 40.3% | ||
| Q1 24 | 59.8% | 40.2% |
| Q4 25 | 4.5% | 11.7% | ||
| Q3 25 | 4.2% | 13.7% | ||
| Q2 25 | 39.6% | 14.4% | ||
| Q1 25 | 9.0% | 5.4% | ||
| Q4 24 | 13.0% | 15.4% | ||
| Q3 24 | -47.4% | 4.4% | ||
| Q2 24 | -0.8% | 18.7% | ||
| Q1 24 | 3.2% | 12.8% |
| Q4 25 | 0.7% | 5.5% | ||
| Q3 25 | 2.7% | 8.7% | ||
| Q2 25 | 29.1% | 12.5% | ||
| Q1 25 | 3.2% | -0.4% | ||
| Q4 24 | 5.8% | 7.3% | ||
| Q3 24 | -41.2% | -0.3% | ||
| Q2 24 | -1.1% | 11.9% | ||
| Q1 24 | 1.2% | 5.3% |
| Q4 25 | $0.00 | $0.05 | ||
| Q3 25 | $0.03 | $0.07 | ||
| Q2 25 | $0.32 | $0.08 | ||
| Q1 25 | $0.04 | $0.00 | ||
| Q4 24 | $0.07 | $0.04 | ||
| Q3 24 | $-0.47 | $0.00 | ||
| Q2 24 | $-0.01 | $0.07 | ||
| Q1 24 | $0.01 | $0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $120.0M | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-27.0M | $600.0M |
| Total Assets | $423.1M | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.0M | $7.3M | ||
| Q3 25 | $108.7M | $8.6M | ||
| Q2 25 | $101.3M | $4.7M | ||
| Q1 25 | $122.6M | $35.6M | ||
| Q4 24 | $88.8M | $23.5M | ||
| Q3 24 | $119.5M | $11.1M | ||
| Q2 24 | $134.2M | $3.2M | ||
| Q1 24 | $129.0M | $15.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $141.8M | ||
| Q4 24 | — | $141.8M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $146.8M | ||
| Q1 24 | — | $168.8M |
| Q4 25 | $-27.0M | $600.0M | ||
| Q3 25 | $-27.3M | $589.6M | ||
| Q2 25 | $-29.0M | $575.4M | ||
| Q1 25 | $-63.7M | $558.9M | ||
| Q4 24 | $-69.4M | $556.8M | ||
| Q3 24 | $-76.8M | $545.2M | ||
| Q2 24 | $-36.1M | $544.6M | ||
| Q1 24 | $-36.3M | $554.0M |
| Q4 25 | $423.1M | $904.1M | ||
| Q3 25 | $352.9M | $851.8M | ||
| Q2 25 | $397.5M | $795.0M | ||
| Q1 25 | $343.0M | $788.4M | ||
| Q4 24 | $369.1M | $793.1M | ||
| Q3 24 | $343.8M | $801.3M | ||
| Q2 24 | $367.4M | $788.4M | ||
| Q1 24 | $351.2M | $825.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.27× | ||
| Q1 24 | — | 0.30× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $19.6M | $-4.1M |
| Free Cash FlowOCF − Capex | $18.9M | $-11.3M |
| FCF MarginFCF / Revenue | 17.2% | -7.6% |
| Capex IntensityCapex / Revenue | 0.6% | 4.8% |
| Cash ConversionOCF / Net Profit | 27.02× | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $55.6M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.6M | $-4.1M | ||
| Q3 25 | $24.7M | $19.4M | ||
| Q2 25 | $-17.8M | $-13.8M | ||
| Q1 25 | $33.7M | $15.6M | ||
| Q4 24 | $-37.7M | $14.0M | ||
| Q3 24 | $-18.5M | $15.7M | ||
| Q2 24 | $6.3M | $37.8M | ||
| Q1 24 | $11.1M | $12.9M |
| Q4 25 | $18.9M | $-11.3M | ||
| Q3 25 | $23.5M | $9.0M | ||
| Q2 25 | $-19.5M | $-26.0M | ||
| Q1 25 | $32.8M | $12.3M | ||
| Q4 24 | $-38.4M | $12.5M | ||
| Q3 24 | $-19.2M | $13.3M | ||
| Q2 24 | $5.4M | $35.8M | ||
| Q1 24 | $9.9M | $10.4M |
| Q4 25 | 17.2% | -7.6% | ||
| Q3 25 | 22.7% | 6.6% | ||
| Q2 25 | -18.8% | -23.5% | ||
| Q1 25 | 31.5% | 15.4% | ||
| Q4 24 | -33.6% | 11.6% | ||
| Q3 24 | -18.3% | 13.0% | ||
| Q2 24 | 5.2% | 36.1% | ||
| Q1 24 | 9.3% | 11.4% |
| Q4 25 | 0.6% | 4.8% | ||
| Q3 25 | 1.2% | 7.7% | ||
| Q2 25 | 1.7% | 11.0% | ||
| Q1 25 | 0.9% | 4.0% | ||
| Q4 24 | 0.6% | 1.4% | ||
| Q3 24 | 0.6% | 2.3% | ||
| Q2 24 | 0.8% | 2.0% | ||
| Q1 24 | 1.1% | 2.7% |
| Q4 25 | 27.02× | -0.50× | ||
| Q3 25 | 8.94× | 1.63× | ||
| Q2 25 | -0.59× | -1.00× | ||
| Q1 25 | 10.06× | — | ||
| Q4 24 | -5.66× | 1.79× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.21× | ||
| Q1 24 | 8.42× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RMNI
| Non Us | $62.3M | 57% |
| US | $47.5M | 43% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
