Rimini Street (NASDAQ:RMNI) Announces Quarterly Earnings Results

Rimini Street (NASDAQ:RMNI) announced its earnings results on Thursday. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03, reports. Rimini Street had a net margin of 1.69% and a negative return on equity of 53.91%. The firm had revenue of $109.34 million for the quarter, compared to analyst estimates of $110.82 million.

Here are the key takeaways from Rimini Street’s conference call:

• Revenue and profitability improved: Q3 revenue rose 8.3% year over year to $112.1 million, adjusted revenue excluding PeopleSoft grew 10.7%, and adjusted EBITDA increased to $15.1 million, or 13.5% of revenue, from 9.6% a year ago.
• Demand indicators strengthened: Calculated billings increased 21% year over year to $80.5 million, adjusted ARR grew 9.8% to $410.4 million, and RPO rose 6.8% to $652.9 million. Management cited 17 contracts exceeding $1 million in total contract value, totaling $43.7 million.
• Outlook and capital allocation remain supportive: The company reiterated its fiscal 2026 Rule of 20 guidance and expects Q4 revenue of $117 million to $119 million. It also repurchased $5 million of stock and prepaid $5 million of debt during the quarter, with management indicating a near-term bias toward additional share repurchases.
• AI offerings are still in an early adoption phase: Rimini Street launched Rimini Govern for AI and continues developing its agentic AI suite, but management said customers are still determining where and how to deploy AI, suggesting meaningful revenue contributions may take time.
• Indirect-channel leverage remains underdeveloped: Although partner-generated sales reached millions of dollars during the quarter, the company is not yet near its goal of having 40% of pipeline come from indirect channels and expects the effort to require several more quarters.

Rimini Street Trading Up 29.7%

NASDAQ RMNI traded up $1.18 during trading on Friday, reaching $5.17. 485,942 shares of the company’s stock were exchanged, compared to its average volume of 396,748. Rimini Street has a fifty-two week low of $2.87 and a fifty-two week high of $5.68. The company’s fifty day simple moving average is $4.48 and its 200-day simple moving average is $4.03. The firm has a market capitalization of $483.02 million, a PE ratio of 64.50 and a beta of 1.31.

Insider Buying and Selling at Rimini Street

In other news, CEO Seth Ravin sold 89,639 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $5.02, for a total transaction of $449,987.78. Following the transaction, the chief executive officer owned 10,168,602 shares in the company, valued at approximately $51,046,382.04. The trade was a 0.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 327,591 shares of company stock valued at $1,677,747 over the last three months. 42.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RMNI has been the topic of several research analyst reports. Craig Hallum reissued a “buy” rating and set a $8.00 price target on shares of Rimini Street in a report on Friday, July 31st. Roth Capital reissued a “buy” rating and set a $6.50 target price on shares of Rimini Street in a research report on Thursday, July 30th. Wall Street Zen raised Rimini Street from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Zacks Research upgraded shares of Rimini Street from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Rimini Street in a research note on Friday, October 2nd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Rimini Street currently has an average rating of “Moderate Buy” and an average price target of $6.33.

Rimini Street News Roundup

Here are the key news stories impacting Rimini Street this week:

• Positive Sentiment: Rimini Street reported third-quarter adjusted earnings of $0.12 per share, exceeding analyst expectations of approximately $0.09-$0.10 and rising from $0.08 a year earlier. Rimini Street Q3 earnings and revenue estimates
• Positive Sentiment: Revenue was reported at approximately $109 million to $112.1 million, with the higher figure representing year-over-year growth and a record sales result in company-related coverage. Although reported revenue figures vary among sources, the results indicate continued demand for Rimini Street’s enterprise software support services. Third-quarter revenue report
• Positive Sentiment: Management forecast fourth-quarter revenue of $117 million to $119 million and reiterated its fiscal 2026 “Rule of 20” guidance, signaling confidence in continued growth and profitability. Rimini Street fourth-quarter outlook
• Neutral Sentiment: The earnings call focused on the quarterly performance, fourth-quarter outlook and execution of the company’s growth strategy. Investors will likely watch whether the stronger forecast translates into sustained cash generation and earnings improvement. Q3 2026 earnings call transcript
• Negative Sentiment: Despite the earnings beat, Rimini Street’s underlying profitability remains a risk: prior reported figures showed a net margin of only 1.69% and negative return on equity of 53.91%. Revenue also came in below one consensus estimate of $110.82 million in one report, underscoring the need for continued operating improvement. Rimini Street earnings report

About Rimini Street

Rimini Street, Inc provides enterprise software support, products and services for organizations using business applications and database systems. The company is best known for third-party support for software from Oracle, SAP and other enterprise technology providers, helping customers maintain existing systems while reducing the need for frequent upgrades.

Its offerings include application management, database support, interoperability services, security services, managed services and professional services.