Rimini Street (RMNI) Company Report

Rimini Street is focusing on Agentic AI ERP as a key future offering, aiming to help enterprises optimize ERP processes and expanding its Total Addressable Market (TAM) to include $352 billion for Support and Optimize solutions, with an additional $272 billion accretive Innovate TAM.
The company reported Q3 2025 year-over-year revenue growth of 2.5%, billings growth of 6.7%, and RPO growth of 9.3%. For Q4 2025, revenue is guided to be between $104 million and $106 million, with Adjusted EBITDA between $10.0 million and $13.0 million.
Rimini Street's growth strategy includes expanding its client base, increasing wallet share, and making strategic investments in US Federal sales, global partnerships, and private equity outreach. The company targets mid-single digit revenue growth for FY 2026 and aims for a long-term model with 10%-15% CAGR revenue growth and 20%-25% Adjusted EBITDA Margin at scale.

Dec 3, 2025, 9:01 PM

Rimini Street Unveils "Second Act" Strategy, New AI Offerings, and Financial Outlook at Investor Day 2025

RMNI

Product Launch

Guidance Update

New Projects/Investments

Rimini Street is launching its "second act" with a focus on new growth drivers, including Agentic AI ERP powered by ServiceNow, and the newly announced Rimini Agentic UX platform designed to transform existing ERP systems.
The company has significantly expanded its total addressable market (TAM) by $65 billion through Rimini Custom, enabling support for virtually any software, and is targeting new growth avenues such as a private equity sales team and a federal government GSA contract.
For Q4 2025, Rimini Street forecasts revenue between $104 million and $106 million and adjusted EBITDA between $10 million and $13 million.
The 2026 outlook projects mid-single-digit GAAP revenue growth, a gross margin in the low 60% range, and mid-teens adjusted EBITDA, with a key financial priority of 90% operating cash flow conversion.
Longer-term, the company aims for 10-15% revenue growth at scale, well before reaching $1 billion in revenue, driven by increased client retention and the execution of new strategic initiatives.

Dec 3, 2025, 1:30 PM

RMNI Reports Q3 2025 Results and Oracle Litigation Settlement

RMNI

Earnings

Legal Proceedings

New Projects/Investments

Rimini Street reported Q3 2025 revenue of $103.4 million, a 1.2% year-over-year decrease, though revenue excluding Oracle PeopleSoft products increased 2.5%. The company achieved net income of $2.8 million, or $0.03 per diluted share, for the quarter, a significant improvement from a net loss in the prior year period.
The company reached a record RPO backlog of $611.2 million, marking a 6.4% year-over-year increase, and closed 17 new client sales transactions with an aggregate TCV of $63.1 million.
A confidential settlement agreement with Oracle was finalized on July 7, 2025, resolving the long-standing litigation, with the company intending to complete the wind-down of its Oracle PeopleSoft support services by July 31, 2028.
Rimini Street is focusing on its agentic AI ERP innovation solution powered by the ServiceNow AI platform, having closed more than two dozen client engagements for this solution in Q3 2025.

Oct 30, 2025, 9:00 PM

Rimini Street Announces Q3 2025 Financial and Operating Results

RMNI

Earnings

Share Buyback

Legal Proceedings

Rimini Street reported revenue of $103.4 million for the third quarter of 2025, a 1.2% decrease compared to the same period last year, but achieved a net income of $2.8 million and basic and diluted earnings per share of $0.03, a significant improvement from a net loss of $(43.1) million and $(0.47) loss per share in Q3 2024.
The company's Remaining Performance Obligations (RPO) reached a record $611.2 million, an increase of 6.4% from the prior year, and Adjusted Calculated Billings grew by 6.7% to $63.9 million for Q3 2025.
Active Clients increased by 1.9% to 3,155 as of September 30, 2025.
During the third quarter of 2025, Rimini Street repurchased 0.9 million shares of Common Stock for approximately $3.8 million and repaid the remaining $10 million balance on its revolving line of credit.

Oct 30, 2025, 8:05 PM

Rimini Street Announces Stock Repurchase and Debt Repayment

RMNI

Share Buyback

Debt Issuance

Rimini Street completed capital market transactions in Q3 fiscal 2025.
The company repurchased 891,000 ordinary shares for approximately $3.8 million at an average price of $4.22 per share, reducing outstanding shares by about 1.0% as of July 28, 2025.
$40.4 million remains available under the $50 million share repurchase authorization.
Rimini Street repaid $10 million from its revolving credit line, leaving a term loan balance of $71.3 million.
Michael Perica, EVP and CFO, stated that future capital returns could include continued share repurchases and debt repayment, reflecting a strong cash flow and liquidity position.