Rimini Street, Inc.
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Range $6.5 – $8.5
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About the company
Headquartered in Las Vegas, Nevada, and established in 2005, Rimini Street, Inc. delivers comprehensive enterprise software solutions encompassing its own products, specialized services, and robust support systems. The firm is particularly noted for its dedicated support offerings for major enterprise software suites from Oracle and SAP, serving diverse industries.
- CEO
- Seth A. Ravin
- IPO
- 2015
- Employees
- 1,980
- HQ
- Las Vegas, NV, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $471.91M
- P/E
- 61.12
- Fwd P/E
- 15.80
- PEG
- 0.29
- P/S
- 1.10
- P/B
- -28.18
- EV/EBITDA
- 14.98
- Div Yield
- 0.00%
- Gross Margin
- 60.07%
- Op Margin
- 5.51%
- Net Margin
- 1.69%
- ROE
- -31.00%
- ROIC
- 15.52%
Latest fiscal year · YoY change
- Revenue
- $421.54M-1.7%
- Gross Profit
- $254.60M-2.5%
- Op Income
- $33.03M
- Net Income
- $37.10M+202.3%
- EPS
- $0.40+200.0%
- OCF Growth
- +255.0%
- FCF Growth
- +231.8%
- 52W High
- $5.17
- 52W Low
- $2.87
- 50D MA
- $4.58
- 200D MA
- $3.90
- Beta
- 1.22
- RSI (14)
- 61
- Avg Volume
- 438.32K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Rimini Street said Q2 results showed continued momentum in growth, retention, and AI-led product expansion, while reiterating full-year guidance and highlighting a stronger pipeline and balance sheet.· July 30, 2026
- Revenue rose 6.7% year over year to $111.1 million; excluding PeopleSoft products, adjusted revenue grew 10%.
- ARR excluding PeopleSoft products increased 8.1% year over year to $401.1 million, and service subscription retention stayed at 90%.
- Gross margin improved to 60.9% from 60.4% a year ago and rose 190 basis points sequentially, staying above the company’s 60% target.
- The company reiterated full-year 2026 guidance for 4%–6% revenue growth and 12.5%–15.5% adjusted EBITDA margin, and guided Q3 revenue to $110 million-$112 million.
- Management said AI, partnerships, and a revamped go-to-market model are helping drive pipeline, new logos, and larger deals, including $30 million in Q2 TCV from 14 transactions over $1 million.
Q2 revenue was $111.1 million, up 6.7% year over year; excluding PeopleSoft products, adjusted revenue grew 10% year over year. Gross margin was 60.9% versus 60.4% in the prior year period, and non-GAAP gross margin was 61.3% versus 60.8%. Net income attributable to shareholders was $2.4 million, or $0.03 per diluted share; on a non-GAAP basis, net income was $5.9 million, or $0.06 per diluted share. Adjusted EBITDA was $10.5 million, or 9.5% of revenue, versus $14 million, or 13.4% of revenue a year ago. ARR excluding PeopleSoft products was $401.1 million, up 8.1% year over year; revenue retention was 90%. Billings were $100.9 million, down 8.8% year over year, though H1 billings grew 3.2% year over year. Cash ended at $123.4 million, debt was reduced to $48.4 million after a $10 million prepayment, and operating cash flow for H1 was $22.9 million with 118% conversion. Q3 2026 revenue is expected to be $110 million-$112 million, and full-year 2026 guidance is 4%-6% revenue growth with 12.5%-15.5% adjusted EBITDA margins.
Seth Ravin framed the quarter as evidence that the company’s Investor Day strategy is working, saying Rimini Street has now delivered four consecutive quarters of improved growth metrics. He emphasized strong demand for core support, broader adoption of AI and modernization offerings, and a shift in customer mindset away from vendor upgrades and migrations. His tone was confident and constructive, with repeated references to growth acceleration, improved profitability, and a stronger top of funnel.
Michael Perica highlighted improving revenue and retention trends, disciplined cost management, and a healthy balance sheet. He cited $111.1 million in revenue, 60.9% gross margin, $10.5 million of adjusted EBITDA, $123.4 million in cash, and $48.4 million in debt after a $10 million repayment. He also noted operating cash flow of $22.9 million year to date, 118% cash conversion, deferred revenue of $267.1 million, and RPO of $636.9 million, while reiterating the 2026 outlook for 4%-6% revenue growth and 12.5%-15.5% adjusted EBITDA margin.
Analysts pressed management on how AI could affect internal costs and margins, and Seth Ravin said AI is already being used in sales and finance and should drive meaningful reductions in total operating cost over time. Questions also focused on pipeline strength, billings timing, and second-half confidence; Michael Perica said underlying new bookings are growing at double digits plus and management feels good about achieving the reiterated outlook. On go-to-market execution, Seth Ravin acknowledged some sales turnover and said the company is adjusting skills, expanding the sales force, and leaning more on alliances and channels.
The bull case from this call is that the core business appears to be stabilizing and reaccelerating, with four straight quarters of improved growth metrics, 90% retention, and 8.1% ARR growth excluding PeopleSoft. Management also said the pipeline is growing double digits year over year, close rates are around 30%, and the partner ecosystem is becoming a meaningful contributor to deals and pipeline.
The main concerns are that billings were down 8.8% year over year in Q2 and adjusted EBITDA margin fell to 9.5% from 13.4% a year ago, even though full-year margins remain guided higher. Management also acknowledged sales-rep turnover and that AI/product launches are raising sales, marketing, and COGS pressure in the near term, while the PeopleSoft wind-down continues through July 2028.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 43.4%
- Shares Outstanding
- 93.36M
- Float Shares
- 40.48M
of shares held by institutions
120 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 4.50M | ▲ 45.01K |
| Axa Investment Managers S.A. | 285.44K | ▲ 285.44K |
| Nj State Employees Deferred Compensation Plan | 24.00K | 0 |
| California State Teachers Retirement System | 2.64K | ▼ 363 |
| Cwm, LLC | 2.37K | ▲ 698 |
Held by 94 ETFs
Biggest fund positions in RMNI by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 17, 26 | Costello Keith Conan | other | 150,000 |
| Aug 17, 26 | Costello Keith Conan | other | 150,000 |
| Aug 17, 26 | Costello Keith Conan | other | 0 |
| Aug 7, 26 | Lyskawa Nancy | other | 25,000 |
| Jun 2, 26 | Murray Robin P. | other | 55,727 |
| Jun 3, 26 | Murray Robin P. | other | 44,117 |
| Jun 2, 26 | Murray Robin P. | other | 55,727 |
| Jun 2, 26 | Snyder Jay G | other | 55,727 |
| Jun 3, 26 | Snyder Jay G | other | 44,117 |
| Jun 2, 26 | Snyder Jay G | other | 55,727 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our RMNI coverage
Recent articles, reports, and earnings notes.
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businesswire.com · Aug 6
Rimini Street, Inc. (RMNI) Q2 2026 Earnings Call Transcript
seekingalpha.com · Jul 30
Rimini Street (RMNI) Meets Q2 Earnings Estimates
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Rimini Street Announces Fiscal Second Quarter 2026 Financial and Operating Results
businesswire.com · Jul 30
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businesswire.com · Jul 30
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