GET DAILY SIGNALSRimini Street (RMNI) Q3 2026 Earnings: 8.3% Revenue Growth and 21% Billings Increase
Key Takeaways
- Rimini Street reported fiscal third-quarter 2026 revenue of $112.1 million, up 8.3% year over year and above consensus expectations.
- Adjusted revenue, excluding the planned wind-down of Oracle PeopleSoft support, grew 10.7% — the second consecutive quarter of double-digit growth.
- Diluted earnings per share (EPS) of $0.07 came in below the roughly $0.09 consensus estimate, even as net income more than doubled to $6.5 million.
- Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) rose to $15.1 million, or 13.5% of revenue, from $9.9 million a year earlier.
- Calculated billings jumped 21% year over year to $80.5 million, while remaining performance obligations (RPO) reached $652.9 million.
- Management guided to fourth-quarter revenue of $117 million to $119 million and reiterated its fiscal 2026 "Rule of 20" guidance.
- For more detail on RMNI's Major News, Today's Price Move, Price Targets, and Forecast, visit Tickeron's dedicated RMNI pages.
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Earnings Context and Why It Matters
Rimini Street holds a clear position as the leading independent provider of third-party support and managed services for Oracle, SAP, and VMware enterprise software. Its core offering helps clients extend the life of existing systems and avoid expensive upgrades, delivering meaningful cost savings. This quarter's results matter even more because the company continues managing the multi-year wind-down of Oracle PeopleSoft support while building out its Agentic AI ERP offerings. After a challenging 2025 that included litigation resolution and reorganization, I am watching closely to see whether improving billings and recurring revenue can translate into sustained profitable growth. I also checked this using Tickeron's AI Screener to compare RMNI with peers in the sector.
Reported Results
For the fiscal third quarter ended September 30, 2026, Rimini Street posted revenue of $112.1 million, an 8.3% rise from $103.4 million in the same period last year and modestly ahead of the roughly $110 million consensus. Adjusted revenue, excluding the PeopleSoft wind-down, increased 10.7%.
International revenue grew 11.6% to $63.8 million, ahead of U.S. revenue growth of 4.3% to $48.3 million. Subscription revenue made up 93.9% of the total and reached $105.2 million. Annualized recurring revenue (ARR) rose 7.7% to $421.0 million, or 9.8% to $410.4 million on an adjusted basis.
Diluted EPS of $0.07 missed the roughly $0.09 consensus, yet net income more than doubled to $6.5 million from $2.8 million. Non-GAAP net income climbed to $11.3 million from $5.7 million. Gross margin expanded to 61.4% from 59.9%, and adjusted EBITDA reached $15.1 million, or 13.5% of revenue, compared with $9.9 million, or 9.6%, a year earlier.
Forward metrics stood out. Calculated billings increased 21% to $80.5 million, and RPO rose 6.8% to $652.9 million. Active clients grew 1.9% to 3,214, and revenue retention improved to 90%.
Market Reaction and Investor Sentiment
Shares of Rimini Street declined 0.87% in regular trading to $3.99 before rising about 8% in after-hours action to roughly $4.32. Investors appeared to focus more on the revenue beat, strong billings growth, and margin improvement than on the EPS shortfall. The response indicates the market is prioritizing top-line momentum and operating leverage. Sentiment has also benefited from the reduced litigation overhang after the 2025 Oracle settlement and progress in newer AI-related services.
Forward Outlook and Key Factors to Monitor
Management guided fourth-quarter 2026 revenue to a range of $117 million to $119 million and reaffirmed its "Rule of 20" target, aiming for combined revenue growth and adjusted EBITDA margin near 20% for the full year. The quarter marked the fifth consecutive period of improving financial and growth results.
Several areas deserve attention in coming quarters. The PeopleSoft wind-down reduced revenue to $2.7 million from $4.7 million a year ago and will remain a modest headwind until completion in 2028, making adjusted figures the better gauge of underlying trends. Sales execution remains important, with roughly 80 quota-carrying sellers still ramping and a focus on productivity rather than headcount expansion. Progress toward an indirect channel that eventually supplies about 40% of pipeline will support more efficient scaling. The Agentic AI ERP suite, including Rimini Govern for AI, Rimini Agentic UX, and Rimini AgentWorks, forms the main long-term growth story, though monetization is still early. The next Investor Day is set for January 14, 2027, and should offer updated multi-year guidance.
Exploring AI-Powered Research Tools
In my own workflow, I frequently use Tickeron's AI Screener to quickly filter stocks and ETFs by technical patterns, fundamentals, and AI signals. It surfaces relevant ideas efficiently and serves as a useful complement when reviewing earnings reports like this one from RMNI. The tool helps me cross-check sector comparisons without spending hours on manual screens.
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
RMNI in upward trend: price may jump up because it broke its lower Bollinger Band on October 07, 2026
RMNI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 28 of 34 cases where RMNI's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 82%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where RMNI's RSI Indicator exited the oversold zone, 27 of 33 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 82%.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 51 of 62 cases where RMNI's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 82%.
The Moving Average Convergence Divergence (MACD) for RMNI just turned positive on October 09, 2026. Looking at past instances where RMNI's MACD turned positive, the stock continued to rise in 30 of 42 cases over the following month. The odds of a continued upward trend are 71%.
Following a +1.98% 3-day Advance, the price is estimated to grow further. Considering data from situations where RMNI advanced for three days, in 183 of 244 cases, the price rose further within the following month. The odds of a continued upward trend are 75%.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 22, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on RMNI as a result. In 85 of 100 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 85%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RMNI declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 78%.
The Aroon Indicator for RMNI entered a downward trend on October 28, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 1 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 59 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (-22.348) is normal, around the industry mean (-1.214). P/E Ratio (57.000) is within average values for comparable stocks, (15.232). Projected Growth (PEG Ratio) (0.877) is also within normal values, averaging (2.824). Dividend Yield (0.000) settles around the average of (0.071) among similar stocks. P/S Ratio (0.986) is also within normal values, averaging (71.128).
The Tickeron Price Growth Rating for this company is 59 (best 1 - 100 worst), indicating fairly steady price growth. RMNI’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 91 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RMNI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock worse than average.
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General Information
a provider of enterprise software support and maintenance services
Industry PackagedSoftware
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