Rimini Street Beats Q2 Revenue, Guides for Continued Growth
RMNI sits 71% above its 52-week low of $2.87.
Summary
Rimini Street posted Q2 2026 revenue of $111.1M, beating estimates, with 10% adjusted growth and strong RPO expansion. Full-year guidance was reiterated.
Key Events · Earnings and Guidance · RMNI
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Q2 Revenue Beat
Revenue of $111.1M exceeded the $106.78M consensus by 4%, driven by 10% adjusted growth excluding PeopleSoft.
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Strong RPO and ARR Growth
Remaining Performance Obligations rose 8% to $636.9M; Adjusted Annualized Recurring Revenue grew 8.1% to $401.1M.
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Net Income Decline Explained
Net income fell to $2.4M from $30.3M a year ago, but the prior year included a $36.2M litigation settlement benefit.
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Balance Sheet Strengthened
Cash and equivalents reached $123.4M; debt was reduced by $10M to $48.4M during the quarter.
Analysis · RMNI · Trade & Services
A strong second quarter saw revenue reach $111.1M, topping the $106.78M consensus by 4%. Excluding the PeopleSoft wind-down, adjusted revenue grew 10%, while RPO expanded 8% to $636.9M—a clear signal of healthy demand. Net income dropped sharply to $2.4M from $30.3M a year ago, though that prior quarter benefited from a one-time litigation settlement. The company reiterated full-year revenue growth of 4-6% and Adjusted EBITDA margins of 12.5-15.5%, targeting the 'Rule of 20'. With $123.4M in cash and debt trimmed to $48.4M, the balance sheet remains solid. Trading near its 52-week high, the stock reflects market optimism.
At the time of this filing, RMNI was trading at $4.91 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $454.5M. The 52-week trading range was $2.87 to $5.06. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.