Second Quarter Financial Highlights Include:
Revenue of $111.1 million, up 6.7% year over year
Adjusted Revenue of $108.0 million, up 10.0% year over year
Remaining Performance Obligations (RPO) of $636.9 million, up 8.0% year over year
Adjusted Annualized Recurring Revenue of $401.1 million, up 8.1% year over year

LAS VEGAS -- (BUSINESS WIRE) --

Rimini Street, Inc., (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, managed services and Agentic AI ERP innovation solutions, and the leading third-party support provider for Oracle, SAP and VMware software, today announced results for the fiscal second quarter ended June 30, 2026.

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“Second-quarter results and four consecutive quarters of improved growth metrics demonstrate strong demand for our core Rimini Support™ offering, increasing adoption of our broader enterprise software services portfolio and improving sales execution,” said Seth Ravin, president and CEO, Rimini Street. “Real innovation is not about installing a software vendor’s next ‘.ai’ release — it is about reducing total operating costs, improving profitability and enhancing competitive advantage. We help organizations achieve these goals by avoiding the costs and risks of unnecessary ERP Software upgrades and migrations and instead economically deploying Rimini Street’s innovative Agentic AI ERP solutions ‘over the top’ of existing ERP Software to deliver faster, better, cheaper and more agile ERP process execution – funded within the current IT budget.”

“The quarter results reflect continued growth momentum, expanding contracted revenue visibility and disciplined balance sheet management,” said Michael Perica, CFO, Rimini Street. “During the quarter, we prepaid another $10 million of debt, reduced outstanding debt to $48.4 million and increased total cash and cash equivalents to $123.4 million as of June 30, 2026. Comparisons of second quarter of 2026 operating income, net income and earnings per share are significantly impacted by a litigation settlement benefit recognized during the second quarter of 2025. Excluding prior-year litigation-related items, the Company continued to deliver profitability and growth while investing in sales capacity, product innovation and AI service offerings - where today we launched Rimini Govern™ for AI that offers AI agent governance and management as a service.”

Select Second Quarter 2026 Financial Results

• Revenue was $111.1 million for the second quarter of 2026, an increase of 6.7% compared to $104.1 million for the same period last year; excluding revenue for Oracle’s PeopleSoft software products, Adjusted Revenue increased by 10.0%.
• U.S. revenue was $48.4 million for the second quarter of 2026, a decrease of 1.6% compared to $49.2 million for the same period last year; excluding revenue for Oracle’s PeopleSoft software products, U.S. revenue increased by 3.1%.
• International revenue was $62.7 million for the second quarter of 2026, an increase of 14.1% compared to $55.0 million for the same period last year; excluding revenue for Oracle’s PeopleSoft software products, international revenue increased by 15.8%.
• Subscription revenue was $103.2 million, which accounted for 92.9% of total revenue for the second quarter of 2026, compared to subscription revenue of $98.5 million, which accounted for 94.6% of total revenue for the same period last year; excluding the support services for Oracle’s PeopleSoft software products, subscription revenue was $100.3 million, or 92.8% of total revenue, for the second quarter of 2026 compared to $92.8 million, or 94.5% of total revenue, for the same period last year.
• Annualized Recurring Revenue was $412.8 million for the second quarter of 2026, an increase of 4.8% compared to $394.1 million for the same period last year; excluding the support services for Oracle’s PeopleSoft software products, Adjusted Annualized Recurring Revenue was $401.1 million for the second quarter of 2026, an increase of 8.1% compared to $371.1 million for the same period last year.
• Active Clients as of June 30, 2026 were 3,132, an increase of 2.4% compared to 3,060 Active Clients as of June 30, 2025.
• Revenue Retention Rate was 90% and 90% for the trailing 12 months ended June 30, 2026 and 2025, respectively.
• Calculated Billings was $100.9 million for the second quarter of 2026, a decrease of 8.8% compared to $110.6 million for the same period last year.
• Adjusted Calculated Billings, which excludes Calculated Billings related to the support services for Oracle’s PeopleSoft software products, was $99.3 million for the second quarter of 2026, a decrease of 8.0% compared to $107.9 million for the same period last year.
• Remaining Performance Obligations (RPO) was $636.9 million as of June 30, 2026, an increase of 8.0% compared to $589.8 million as of June 30, 2025; excluding the support services for Oracle’s PeopleSoft software products, Adjusted RPO was $627.5 million as of June 30, 2026, an increase of 8.8% compared to $576.7 million as of June 30, 2025.
• Gross margin was 60.9% for the second quarter of 2026 compared to 60.4% for the same period last year.
• Operating income was $6.4 million for the second quarter of 2026 compared to $41.2 million for the same period last year.
• Non-GAAP Operating Income was $9.2 million for the second quarter of 2026 compared to $10.9 million for the same period last year.
• Net income was $2.4 million for the second quarter of 2026 compared to $30.3 million for the same period last year.
• Non-GAAP Net Income was $5.9 million for the second quarter of 2026 compared to $7.8 million for the same period last year.
• Adjusted EBITDA for the second quarter of 2026 was $10.5 million compared to $14.0 million for the same period last year.
• Basic and diluted earnings per share attributable to common stockholders was $0.03 and $0.03, respectively, for the second quarter of 2026, compared to a basic and diluted earnings per share of $0.33 and $0.32, respectively, for the same period last year.
• Cash and cash equivalents were $123.4 million at June 30, 2026 compared to $101.3 million at June 30, 2025.

Select Second Quarter 2026 Operating Results

• Announced new and existing clients that expanded their agreements with Rimini Street, including the following:
  • VIVERE Group, a leading Indonesian interior contractor and furniture maker, selected Rimini Support™ for SAP ECC 6.0 to strengthen business continuity, avoid a costly and disruptive SAP migration, and redirect resources toward digital transformation and innovation.
  • One NZ, a leading New Zealand telecommunications provider, chose Rimini Support™ to optimize its Oracle environment, including Siebel CRM and Oracle Database, while accelerating its AI transformation strategy. The company described Rimini Street as a trusted “co-innovation partner,” enabling it to redirect capital and talent toward future growth and its vision of becoming a world-leading AI-enabled telecommunications provider.
  • Medical Microinstruments, Inc., an Italian robotic microsurgery company, leveraged Rimini Consult™ for Salesforce to maximize ROI on its technology investments and helped eliminate unnecessary third-party software costs, implement critical training and certification workflows, and develop a long-term Salesforce roadmap to support the company's global growth and continued innovation in life-enhancing surgical technology. The company noted, “The progress we’ve seen in reducing manual processes and enhancing data-driven decision making reflects the strategic value Rimini Street brings to our Salesforce evolution.”
  • Cochlear Limited, an Australian hearing technology leader, chose Rimini Support™ for Oracle to gain greater control and flexibility over its ERP roadmap, avoid vendor-driven upgrade cycles, and free critical resources for digital transformation and new AI-powered customer service and analytics initiatives. The company noted, “Moving to Rimini Street gave us back control of our ERP platform. It took us out of that vendor driven upgrade cycle.”
• Resolved nearly 6,800 support cases and delivered over 4,500 tax, legal, and regulatory updates across 25 countries, achieving an average Rimini Support client satisfaction score of 4.9 out of 5.0 (where 5.0 is rated excellent).

Business Outlook

The Company expects third quarter 2026 revenue to be in the range of $110 million to $112 million. The Company is also reiterating its full year 2026 outlook, which calls for revenue growth of 4% to 6% and Adjusted EBITDA margins of 12.5% to 15.5% and is consistent with the goal of achieving the “Rule of 20” for fiscal year 2026.

Webcast and Conference Call Information

The Company will host a conference call and webcast to discuss the second quarter of 2026 results and offer commentary on full year 2026 at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time on July 30, 2026. A live webcast of the event will be available on Rimini Street’s Investor Relations site at Rimini Street IR events link and directly via the webcast link. Dial-in participants can access the conference call by dialing 1-800-836-8184. A replay of the webcast will be available for one year following the event.

Company’s Use of Non-GAAP Financial Measures

This press release contains certain “non-GAAP financial measures.” Non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles. This non-GAAP information supplements and is not intended to represent a measure of performance in accordance with disclosures required by U.S. generally accepted accounting principles, or GAAP. Non-GAAP financial measures should be considered in addition to, and not as a substitute for or superior to, financial measures determined in accordance with GAAP.

Reconciliations of the non-GAAP financial measures included in this press release and described below to their most directly comparable GAAP financial measures are provided in the financial tables included at the end of this press release. An explanation of these measures, why we believe they are meaningful and how they are calculated is also included under the heading “About Non-GAAP Financial Measures and Certain Key Metrics.”

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a proven, trusted global provider of end-to-end, mission-critical enterprise software support, managed services and innovative Agentic AI ERP solutions, and is the leading third-party support provider for Oracle, SAP and VMware software. The Company has signed thousands of IT service contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who have leveraged the Rimini Smart Path™ methodology to achieve better operational outcomes, billions of US dollars in savings and fund AI and other innovation.

To learn more, please visit www.riministreet.com, and connect with Rimini Street on X, Facebook, Instagram, and LinkedIn.