Rimini Street Inc
NASDAQ:RMNI
Rimini Street Inc
Rimini Street, Inc. engages in the provision of enterprise software support products and services. The company is headquartered in Las Vegas, Nevada and currently employs 1,660 full-time employees. The company went IPO on 2015-07-10. The firm's subscription-based software support products and services offer enterprise software licensees a choice of solutions that replace or supplement the support products offered by enterprise software vendors. Its products and services seek to enable its clients to keep their systems operating and to remain in tax, legal and regulatory compliance; improve productivity; and allocate limited budgets, labor and other resources to investments. Its software support products and service offerings cover a range of enterprise software vendors, product families and product lines. Its supported vendor or product category includes SAP Applications, SAP Databases, Oracle Applications, Oracle Technology, Oracle Databases, Microsoft Databases, IBM Databases, Open Source Databases, Salesforce and Other Software. The company also offers a special support service, Rimini Street Extra Secure Support.
Rimini Street, Inc. engages in the provision of enterprise software support products and services. The company is headquartered in Las Vegas, Nevada and currently employs 1,660 full-time employees. The company went IPO on 2015-07-10. The firm's subscription-based software support products and services offer enterprise software licensees a choice of solutions that replace or supplement the support products offered by enterprise software vendors. Its products and services seek to enable its clients to keep their systems operating and to remain in tax, legal and regulatory compliance; improve productivity; and allocate limited budgets, labor and other resources to investments. Its software support products and service offerings cover a range of enterprise software vendors, product families and product lines. Its supported vendor or product category includes SAP Applications, SAP Databases, Oracle Applications, Oracle Technology, Oracle Databases, Microsoft Databases, IBM Databases, Open Source Databases, Salesforce and Other Software. The company also offers a special support service, Rimini Street Extra Secure Support.
Revenue: Q4 revenue was $109.8 million (down 3.9% YoY); full year revenue was $421.5 million (down 1.7% YoY).
PeopleSoft Wind-Down: Revenue excluding PeopleSoft was much more stable, and PeopleSoft support now represents just 4% of Q4 and 5% of full-year revenue, down from 8% a year ago.
Growth Drivers: Core support subscription billings, ARR renewals, new large client wins, and the launch of Agentic AI ERP solutions are driving momentum into 2026.
Profitability: Q4 net income was $724,000 ($0.01/share); full year net income was $0.39/share, reversing last year’s net loss.
Margins and Cash: Gross margin for Q4 and FY25 was 60.4%, down from prior periods; cash ended at $120 million, up from $88.8 million a year ago.
Guidance: Q1 2026 revenue is expected at $101.5–103.5 million; full-year 2026 revenue growth is guided to 4–6% with adjusted EBITDA margin of 12.5–15.5%. Guidance reiterated.
RPO & Pipeline: Record remaining performance obligations (RPO) up 11% YoY, with strong bookings, improving sales close rates, and increased sales capacity.
AI & Innovation: The Agentic AI ERP launch is positioned as a key growth lever, with early client adoption and operational benefits highlighted.
