Rimini Street | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 111.08 M

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Revenue: As of FY2026 Q2, the actual value is USD 111.08 M, beating the estimate of USD 106.78 M.

EPS: As of FY2026 Q2, the actual value is USD 0.03.

EBIT: As of FY2026 Q2, the actual value is USD 6.089 M.

Revenue

Total Revenue for Rimini Street, Inc. was $111.1 million for the second quarter ended June 30, 2026, an increase of 6.7% year-over-year from $104.1 million in the prior year period. Adjusted Revenue, excluding Oracle’s PeopleSoft software products, increased by 10.0%. U.S. revenue was $48.4 million, a decrease of 1.6% compared to $49.2 million last year; excluding Oracle’s PeopleSoft software products, U.S. revenue increased by 3.1%. International revenue was $62.7 million, an increase of 14.1% compared to $55.0 million last year; excluding Oracle’s PeopleSoft software products, international revenue increased by 15.8%. Subscription revenue was $103.2 million, accounting for 92.9% of total revenue, compared to $98.5 million (94.6% of total revenue) last year. Excluding PeopleSoft, subscription revenue was $100.3 million (92.8% of total revenue) compared to $92.8 million (94.5% of total revenue) last year.

Operational Metrics

Gross margin was 60.9% for Q2 2026, up from 60.4% in Q2 2025. Operating income was $6.4 million for Q2 2026, compared to $41.2 million for Q2 2025. Non-GAAP Operating Income was $9.2 million for Q2 2026, compared to $10.9 million for Q2 2025. Net income was $2.4 million for Q2 2026, compared to $30.3 million for Q2 2025. Non-GAAP Net Income was $5.9 million for Q2 2026, compared to $7.8 million for Q2 2025. Adjusted EBITDA was $10.5 million for Q2 2026, compared to $14.0 million for Q2 2025. Operating expenses for the three months ended June 30, 2026, included: Sales and marketing of $42.7 million, General and administrative of $17.3 million, Research and development of $1.1 million, and Reorganization costs of $0.2 million. For the same period in 2025, operating expenses included: Sales and marketing of $38.0 million, General and administrative of $16.8 million, Reorganization costs of $0.7 million, and a Litigation settlement benefit of - $36.2 million.

Cash and Debt

Cash and cash equivalents were $123.4 million at June 30, 2026, compared to $101.3 million at June 30, 2025. The company prepaid $10 million of debt during the quarter, reducing outstanding debt to $48.4 million as of June 30, 2026.

Unique Metrics

Remaining Performance Obligations (RPO) were $636.9 million as of June 30, 2026, an increase of 8.0% compared to $589.8 million as of June 30, 2025. Adjusted RPO was $627.5 million, an increase of 8.8% compared to $576.7 million. Annualized Recurring Revenue (ARR) was $412.8 million, an increase of 4.8% compared to $394.1 million last year. Adjusted ARR was $401.1 million, an increase of 8.1% compared to $371.1 million last year. Active Clients totaled 3,132 as of June 30, 2026, a 2.4% increase from 3,060 Active Clients as of June 30, 2025. Revenue Retention Rate was 90% for the trailing 12 months ended June 30, 2026, consistent with the prior year. Calculated Billings were $100.9 million, a decrease of 8.8% compared to $110.6 million last year. Adjusted Calculated Billings were $99.3 million, a decrease of 8.0% compared to $107.9 million last year.

Business Outlook

Rimini Street, Inc. anticipates third quarter 2026 revenue to be between $110 million and $112 million. The company reaffirmed its full-year 2026 outlook for revenue growth of 4% to 6%. Additionally, the full-year Adjusted EBITDA margins are expected to be between 12.5% and 15.5%, aligning with the goal of achieving the “Rule of 20” for fiscal year 2026.

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