Rimini Street, Inc.

Rimini Street, Inc. held its 2026 Annual Meeting of Stockholders, where shareholders voted on three proposals. Stockholders elected three Class III director nominees, Seth A Ravin, Steven Capelli, and Jay Snyder, to the Board. They also approved, on an advisory basis, the compensation of the company's Named Executive Officers and ratified the appointment of KPMG LLP as the independent registered public accounting firm for fiscal year 2026.

Rimini Street, Inc. announced its Annual Meeting of Stockholders will be held virtually on Wednesday, June 3, 2026, at Noon Pacific Time. Stockholders of record as of April 15, 2026, are eligible to vote. Key proposals include the election of Class III director nominees, an advisory vote on executive compensation, and the ratification of KPMG LLP as the independent auditor for fiscal year 2026. The Board unanimously recommends voting "FOR" all proposals.

Rimini Street, Inc. reported Q1 2026 net income of $1.4 million, a significant decrease from $3.4 million in Q1 2025, despite a slight revenue increase of 1.2% to $105.5 million. The company reduced its term loan debt by $10.9 million through scheduled and voluntary prepayments, with the next principal payment due in March 2028. Additionally, the Oracle Rimini II litigation remains stayed due to a settlement agreement, contingent on the wind-down of PeopleSoft support services by July 2028, and the company is strategically increasing its focus on research and development.

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%.