Quarterly ResultApr 30, 2026, 04:10 PM
RMNI Q1 Revenue +1.2% to $105.5M; RPO +16.4%; Net Income $1.4M
AI Summary
Rimini Street, Inc. announced its fiscal first quarter 2026 results, with revenue increasing 1.2% to $105.5 million. Remaining Performance Obligations (RPO) grew 16.4% to $643.6 million, and Adjusted Calculated Billings rose 22.9% to $92.2 million. However, net income decreased to $1.4 million from $3.4 million in the prior year, and Adjusted EBITDA also saw a decline. The company reiterated its full-year 2026 revenue growth guidance of 4% to 6%.
Key Highlights
- Q1 2026 Revenue increased 1.2% to $105.5 million.
- Remaining Performance Obligations (RPO) grew 16.4% to $643.6 million.
- Adjusted Calculated Billings rose 22.9% to $92.2 million.
- Net income for Q1 2026 was $1.4 million, down from $3.4 million year-over-year.
- Adjusted EBITDA decreased to $8.9 million from $15.7 million in Q1 2025.
- Voluntary debt prepayment of $10.0 million reduced outstanding debt to $58.4 million.
- Q2 2026 revenue guidance is $106 million to $108 million.
- Full-year 2026 revenue growth guidance reiterated at 4% to 6%.