Company Reports Q1 Revenue of $105.5M, Beating Consensus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2026
0mins
Should l Buy RMNI?
Reports Q1 revenue $105.5M, consensus $102.72M. The company said, "Our first quarter results reflect continued growth and accelerating momentum in our core Rimini Support(TM) business as organizations turn to the proven Rimini Smart Path(TM) to execute their global ERP and operational transaction processes faster, better and cheaper with more agility and speed to value - all within existing budgets. We help organizations avoid unnecessary, costly and risky ERP and other enterprise software upgrades, migrations and replatformings that often deliver low ROI and little competitive advantage. Instead, organizations can invest in the modernization of their existing systems by leveraging next generation Rimini Agentic AI ERP solutions that can be quickly and economically deployed over their current ERP and other enterprise software to deliver real competitive advantage."
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Analyst Views on RMNI
Wall Street analysts forecast RMNI stock price to rise
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 3.490
Low
5.00
Averages
5.83
High
6.50
Current: 3.490
Low
5.00
Averages
5.83
High
6.50
About RMNI
Rimini Street, Inc. is a global provider of enterprise software support products and services. The Company's subscription and fee-based software services offer enterprise software licensees a choice of solutions that replace or supplement the support products and services 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.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Rimini Street Q1 2026 Earnings Call Insights
- Revenue Growth: Rimini Street reported Q1 revenue of $105.5 million, reflecting a 1.2% year-over-year increase, with a 5.2% rise when excluding PeopleSoft support services, indicating solid market performance.
- Client Expansion: The company closed 11 new client transactions exceeding $1 million in TCV, totaling $33 million, compared to 5 transactions totaling $5.6 million in the same period last year, highlighting strong market demand.
- Future Outlook: The company projects Q2 revenue to be in the range of $106 million to $108 million, maintaining its full-year revenue growth target of 4% to 6%, demonstrating management's cautious optimism about future performance.
- Margin Pressure: Despite a gross margin of 59% in Q1, management noted that margin pressures due to upfront investments and high startup costs are expected to normalize in the coming months.
See More
Rimini Street Q1 Earnings Report Analysis
- Earnings Performance: Rimini Street reported a Q1 GAAP EPS of $0.01, missing expectations by $0.02, indicating a shortfall in profitability that may negatively impact investor confidence.
- Revenue Growth: The company achieved Q1 revenue of $105.5 million, reflecting a 1.2% year-over-year increase and exceeding expectations by $2.78 million, demonstrating stability and slight growth potential in the market.
- Net Income Decline: Net income for Q1 2026 was $1.4 million, down from $3.4 million in the same period last year, highlighting profitability pressures that could affect future investment decisions.
- Cash Flow Position: As of March 31, 2026, cash and cash equivalents stood at $132.2 million, up from $122.6 million a year earlier, indicating improved liquidity management within the company.
See More
Rimini Street Reduces Debt and Increases Stock Buyback Plan
- Debt Reduction Success: Rimini Street successfully reduced its debt by $10.9 million in Q1 2026, bringing its outstanding term loan to $58.4 million, indicating proactive financial management aimed at enhancing fiscal stability.
- Credit Agreement Amendment: The company amended its credit agreement on March 27 to allow for $20 million in annual common stock repurchases, increasing the total buyback capacity to $50 million, which enhances potential shareholder value returns.
- Shareholder Value Enhancement: By implementing stock repurchases and business investments, Rimini Street aims to support debt reduction and enhance shareholder value, reflecting the company's confidence in future growth and commitment to shareholder interests.
- Revenue Growth Target: Rimini Street has set a revenue growth target of 4% to 6% for 2026, primarily driven by the expansion of Agentic AI ERP, indicating a strategic focus on technological innovation and market expansion.
See More
Rimini Street Wins Three Stevie Awards for Customer Service Excellence
- AI Recognition: Rimini Street won the Gold Stevie Award for its AI-powered client support platform, designed to enhance direct expert-client engagement and deliver consistent, scalable service across complex enterprise environments, distinguishing itself among over 2,100 nominations and solidifying its leadership in customer service.
- Front-Line Team Excellence: The Global Service Delivery team, comprising over 1,100 professionals, earned the Silver Stevie Award, achieving an average response time of under 90 seconds and maintaining a 4.9 out of 5.0 client satisfaction score, showcasing its exceptional ability to provide personalized and efficient support.
- Customer Satisfaction Strategy: Rimini Street received the Bronze Stevie Award for a customer satisfaction strategy rooted in long-term partnerships and deep alignment with client business needs, helping organizations maintain control in complex IT environments while driving innovation and profitability.
- Industry Recognition: The Stevie Awards are based on scores from 150 industry experts, and Rimini Street's accolades not only affirm its outstanding performance in customer service but also highlight the significant value of AI technology in enhancing human expertise, further reinforcing its market position.
See More
Rimini Street to Participate in ROTH Investor Conference
- Investor Conference Announcement: Rimini Street will participate in the ROTH Capital Partners 38th Annual Investor Conference on March 23-24, 2026, in Laguna Niguel, California, showcasing its leadership in enterprise software support and managed services.
- Executive Engagement: CEO Seth Ravin will engage in one-on-one and small group meetings on March 23, and participate in a panel discussion on AI developments from 2:00 PM to 2:55 PM, enhancing the company's visibility among investors.
- Market Positioning: As a leading third-party support provider, Rimini Street supports Oracle, SAP, and VMware software, having signed thousands of IT service contracts with Fortune Global 100 companies, demonstrating its strong competitive edge in the market.
- Innovative Solutions: The company utilizes the Rimini Smart Path™ methodology to help clients achieve better operational outcomes and save billions of dollars, highlighting its strategic importance in driving enterprise digital transformation and AI innovation.
See More
Rimini Street Reports Strong Q4 2025 Earnings and Growth Outlook
- Significant Sales Growth: Rimini Street reported fourth-quarter revenue of $109.8 million, reflecting a 4.1% increase from the previous quarter, with annualized recurring revenue reaching $411.4 million, indicating strong market demand following new product launches and expected to drive future revenue growth.
- Increased Client Transactions: The company closed 19 new client transactions over $1 million in TCV totaling $58.1 million this quarter, compared to 22 transactions totaling $51.9 million last year, demonstrating ongoing progress in customer acquisition, particularly with the rollout of AI solutions.
- Operational Efficiency Gains: The launch of Rimini Agentic UX solutions has led to a 50% to 60% faster approval process and a 70% to 80% reduction in order cycle times, which not only enhances customer satisfaction but also strengthens the company's competitive position by optimizing operational processes.
- Optimistic Future Outlook: Management projects first-quarter 2026 revenue guidance between $101.5 million and $103.5 million, with a full-year growth target of 4% to 6%, reflecting confidence in new service offerings and ongoing customer support aimed at achieving sustainable financial growth.
See More
Rimini Street Q1 2026 Earnings Call Insights
- Revenue Growth: Rimini Street reported Q1 revenue of $105.5 million, reflecting a 1.2% year-over-year increase, with a 5.2% rise when excluding PeopleSoft support services, indicating solid market performance.
- Client Expansion: The company closed 11 new client transactions exceeding $1 million in TCV, totaling $33 million, compared to 5 transactions totaling $5.6 million in the same period last year, highlighting strong market demand.
- Future Outlook: The company projects Q2 revenue to be in the range of $106 million to $108 million, maintaining its full-year revenue growth target of 4% to 6%, demonstrating management's cautious optimism about future performance.
- Margin Pressure: Despite a gross margin of 59% in Q1, management noted that margin pressures due to upfront investments and high startup costs are expected to normalize in the coming months.
See More
Rimini Street Q1 Earnings Report Analysis
- Earnings Performance: Rimini Street reported a Q1 GAAP EPS of $0.01, missing expectations by $0.02, indicating a shortfall in profitability that may negatively impact investor confidence.
- Revenue Growth: The company achieved Q1 revenue of $105.5 million, reflecting a 1.2% year-over-year increase and exceeding expectations by $2.78 million, demonstrating stability and slight growth potential in the market.
- Net Income Decline: Net income for Q1 2026 was $1.4 million, down from $3.4 million in the same period last year, highlighting profitability pressures that could affect future investment decisions.
- Cash Flow Position: As of March 31, 2026, cash and cash equivalents stood at $132.2 million, up from $122.6 million a year earlier, indicating improved liquidity management within the company.
See More
Rimini Street Reduces Debt and Increases Stock Buyback Plan
- Debt Reduction Success: Rimini Street successfully reduced its debt by $10.9 million in Q1 2026, bringing its outstanding term loan to $58.4 million, indicating proactive financial management aimed at enhancing fiscal stability.
- Credit Agreement Amendment: The company amended its credit agreement on March 27 to allow for $20 million in annual common stock repurchases, increasing the total buyback capacity to $50 million, which enhances potential shareholder value returns.
- Shareholder Value Enhancement: By implementing stock repurchases and business investments, Rimini Street aims to support debt reduction and enhance shareholder value, reflecting the company's confidence in future growth and commitment to shareholder interests.
- Revenue Growth Target: Rimini Street has set a revenue growth target of 4% to 6% for 2026, primarily driven by the expansion of Agentic AI ERP, indicating a strategic focus on technological innovation and market expansion.
See More
Rimini Street Wins Three Stevie Awards for Customer Service Excellence
- AI Recognition: Rimini Street won the Gold Stevie Award for its AI-powered client support platform, designed to enhance direct expert-client engagement and deliver consistent, scalable service across complex enterprise environments, distinguishing itself among over 2,100 nominations and solidifying its leadership in customer service.
- Front-Line Team Excellence: The Global Service Delivery team, comprising over 1,100 professionals, earned the Silver Stevie Award, achieving an average response time of under 90 seconds and maintaining a 4.9 out of 5.0 client satisfaction score, showcasing its exceptional ability to provide personalized and efficient support.
- Customer Satisfaction Strategy: Rimini Street received the Bronze Stevie Award for a customer satisfaction strategy rooted in long-term partnerships and deep alignment with client business needs, helping organizations maintain control in complex IT environments while driving innovation and profitability.
- Industry Recognition: The Stevie Awards are based on scores from 150 industry experts, and Rimini Street's accolades not only affirm its outstanding performance in customer service but also highlight the significant value of AI technology in enhancing human expertise, further reinforcing its market position.
See More
Rimini Street to Participate in ROTH Investor Conference
- Investor Conference Announcement: Rimini Street will participate in the ROTH Capital Partners 38th Annual Investor Conference on March 23-24, 2026, in Laguna Niguel, California, showcasing its leadership in enterprise software support and managed services.
- Executive Engagement: CEO Seth Ravin will engage in one-on-one and small group meetings on March 23, and participate in a panel discussion on AI developments from 2:00 PM to 2:55 PM, enhancing the company's visibility among investors.
- Market Positioning: As a leading third-party support provider, Rimini Street supports Oracle, SAP, and VMware software, having signed thousands of IT service contracts with Fortune Global 100 companies, demonstrating its strong competitive edge in the market.
- Innovative Solutions: The company utilizes the Rimini Smart Path™ methodology to help clients achieve better operational outcomes and save billions of dollars, highlighting its strategic importance in driving enterprise digital transformation and AI innovation.
See More
Rimini Street Reports Strong Q4 2025 Earnings and Growth Outlook
- Significant Sales Growth: Rimini Street reported fourth-quarter revenue of $109.8 million, reflecting a 4.1% increase from the previous quarter, with annualized recurring revenue reaching $411.4 million, indicating strong market demand following new product launches and expected to drive future revenue growth.
- Increased Client Transactions: The company closed 19 new client transactions over $1 million in TCV totaling $58.1 million this quarter, compared to 22 transactions totaling $51.9 million last year, demonstrating ongoing progress in customer acquisition, particularly with the rollout of AI solutions.
- Operational Efficiency Gains: The launch of Rimini Agentic UX solutions has led to a 50% to 60% faster approval process and a 70% to 80% reduction in order cycle times, which not only enhances customer satisfaction but also strengthens the company's competitive position by optimizing operational processes.
- Optimistic Future Outlook: Management projects first-quarter 2026 revenue guidance between $101.5 million and $103.5 million, with a full-year growth target of 4% to 6%, reflecting confidence in new service offerings and ongoing customer support aimed at achieving sustainable financial growth.
See More
