Rimini Street (RMNI) Earnings Date & Reports

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.
• Explore Trending AI Robots to see AI-driven trading strategies currently generating market interest.

Earnings Context and Why It Matters

Rimini Street occupies a distinct niche as the leading independent, third-party provider of support and managed services for Oracle, SAP, and VMware enterprise software. Its pitch to clients — avoid costly upgrades and migrations while extending the life of existing systems — has positioned it as a cost-saving alternative for enterprises worldwide. This report carries added weight because the company is working through a multi-year wind-down of Oracle PeopleSoft support while simultaneously investing in new Agentic AI ERP (Enterprise Resource Planning) offerings. After a volatile 2025 marked by litigation resolution and reorganization, investors are watching whether Rimini Street can convert improving billings and recurring revenue into sustainable, profitable growth.

Reported Results

For the fiscal third quarter ended September 30, 2026, Rimini Street reported revenue of $112.1 million, an 8.3% increase from $103.4 million in the prior-year period and slightly above the consensus estimate of roughly $110 million. Excluding the Oracle PeopleSoft support services being wound down, adjusted revenue rose 10.7%.

International revenue climbed 11.6% to $63.8 million, outpacing U.S. revenue growth of 4.3% to $48.3 million. Subscription revenue, which accounts for 93.9% of total sales, reached $105.2 million. Annualized recurring revenue (ARR) — a key measure of contracted, repeatable sales — increased 7.7% to $421.0 million, or 9.8% to $410.4 million on an adjusted basis.

On the bottom line, diluted EPS of $0.07 fell short of the roughly $0.09 consensus forecast. Still, net income more than doubled to $6.5 million from $2.8 million a year ago, while non-GAAP net income reached $11.3 million versus $5.7 million. Gross margin widened to 61.4% from 59.9%, and adjusted EBITDA rose to $15.1 million, or 13.5% of revenue, from $9.9 million, or 9.6%, in the year-ago quarter.

Forward indicators were notably strong. Calculated billings rose 21% to $80.5 million, and RPO — contracted revenue not yet recognized — reached $652.9 million, up 6.8% year over year. Active clients increased 1.9% to 3,214, and revenue retention improved to 90%.

AI Screener

Tickeron's AI Screener is an AI-powered stock and ETF discovery tool designed to help traders and investors filter the market using technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs with customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener helps surface trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening — a practical complement to earnings-focused research on names like RMNI.

Market Reaction and Investor Sentiment

Initial trading reflected a mixed but constructive read. Rimini Street shares slipped 0.87% in the regular session to $3.99 before climbing roughly 8% in after-hours trading to about $4.32, as investors appeared to emphasize the revenue beat, sharp billings growth, and margin expansion over the EPS miss. The reaction suggests the market is increasingly focused on Rimini Street's improving top-line momentum and operating leverage rather than near-term earnings-per-share conversion. Sentiment has also been supported by the company's reduced litigation overhang following its 2025 settlement with Oracle and its progress in scaling newer AI-oriented service lines.

Forward Outlook and Key Factors to Monitor

Rimini Street guided to fourth-quarter 2026 revenue of $117 million to $119 million and reiterated its "Rule of 20" framework, which targets a combined revenue growth rate and adjusted EBITDA margin of roughly 20% for the fiscal year. Management said the quarter marked its fifth consecutive period of improving financial and growth results.

Investors should watch several themes in the quarters ahead. The PeopleSoft wind-down, which trimmed revenue to $2.7 million from $4.7 million a year ago, will continue to be a modest drag until it concludes in 2028, so adjusted metrics excluding that business remain the cleaner gauge of underlying momentum.

Sales execution is another focal point. The company ended the quarter with roughly 80 quota-carrying sellers, many still ramping, and is prioritizing productivity gains over headcount growth. Progress toward a larger indirect channel — with a goal of eventually sourcing about 40% of pipeline from partners — will be important for scaling efficiently.

Finally, the company's Agentic AI ERP suite, including Rimini Govern for AI, Rimini Agentic UX, and Rimini AgentWorks, represents the primary long-term growth narrative, though monetization remains early. Management has scheduled its next Investor Day for January 14, 2027, which should provide updated multi-year guidance and clarity on these initiatives.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations