Quarterly ResultJul 30, 2026, 04:09 PM
Rimini Street Q2 Revenue $111.1M, up 6.7%; Net Income $2.4M
AI Summary
Rimini Street, Inc. announced its fiscal second quarter 2026 financial results, reporting revenue of $111.1 million, a 6.7% increase year-over-year, and adjusted revenue growth of 10.0% to $108.0 million. The company's net income for the quarter was $2.4 million, significantly lower than the $30.3 million reported in the prior year, primarily due to a litigation settlement benefit recognized in Q2 2025. Rimini Street also launched Rimini Govern™ for AI and reduced its outstanding debt by prepaying $10 million, while reiterating its full-year 2026 outlook.
Key Highlights
- Revenue increased 6.7% year-over-year to $111.1 million.
- Adjusted Revenue grew 10.0% year-over-year to $108.0 million.
- Remaining Performance Obligations (RPO) rose 8.0% to $636.9 million.
- Net income was $2.4 million, compared to $30.3 million in Q2 2025 due to a prior-year litigation settlement benefit.
- Basic and diluted EPS was $0.03, down from $0.33 in Q2 2025.
- Cash and cash equivalents increased to $123.4 million.
- Prepaid $10 million of debt, reducing outstanding debt to $48.4 million.
- Forecasts Q3 2026 revenue between $110 million and $112 million.
Price Impact
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