Rimini Street (NASDAQ:RMNI) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Rimini Street (NASDAQ:RMNI) announced its earnings results on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03, reports. Rimini Street had a net margin of 2.51% and a negative return on equity of 81.86%. The company had revenue of $109.34 million during the quarter, compared to analyst estimates of $110.82 million.

Here are the key takeaways from Rimini Street’s conference call:

• Revenue and profitability improved: Q3 revenue rose 8.3% year over year to $112.1 million, adjusted revenue excluding PeopleSoft grew 10.7%, and adjusted EBITDA increased to $15.1 million, or 13.5% of revenue, from 9.6% a year ago.
• Demand indicators strengthened: Calculated billings increased 21% year over year to $80.5 million, adjusted ARR grew 9.8% to $410.4 million, and RPO rose 6.8% to $652.9 million. Management cited 17 contracts exceeding $1 million in total contract value, totaling $43.7 million.
• Outlook and capital allocation remain supportive: The company reiterated its fiscal 2026 Rule of 20 guidance and expects Q4 revenue of $117 million to $119 million. It also repurchased $5 million of stock and prepaid $5 million of debt during the quarter, with management indicating a near-term bias toward additional share repurchases.
• AI offerings are still in an early adoption phase: Rimini Street launched Rimini Govern for AI and continues developing its agentic AI suite, but management said customers are still determining where and how to deploy AI, suggesting meaningful revenue contributions may take time.
• Indirect-channel leverage remains underdeveloped: Although partner-generated sales reached millions of dollars during the quarter, the company is not yet near its goal of having 40% of pipeline come from indirect channels and expects the effort to require several more quarters.

Rimini Street Stock Performance

NASDAQ:RMNI traded up $0.97 during midday trading on Friday, reaching $4.96. 1,486,541 shares of the stock traded hands, compared to its average volume of 324,404. The stock has a market capitalization of $463.07 million, a P/E ratio of 41.34 and a beta of 1.31. The company has a fifty day moving average of $4.48 and a 200 day moving average of $4.04. Rimini Street has a 12 month low of $2.87 and a 12 month high of $5.68.

Insider Buying and Selling at Rimini Street

In related news, CEO Seth Ravin sold 89,639 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $5.02, for a total value of $449,987.78. Following the sale, the chief executive officer directly owned 10,168,602 shares of the company’s stock, valued at $51,046,382.04. This trade represents a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 327,591 shares of company stock worth $1,677,747 in the last ninety days. Corporate insiders own 42.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Rimini Street from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Research raised Rimini Street from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Roth Capital restated a “buy” rating and issued a $6.50 target price on shares of Rimini Street in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rimini Street in a research note on Friday, October 2nd. Finally, Craig Hallum reiterated a “buy” rating and set a $8.00 price target on shares of Rimini Street in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.33.

Key Rimini Street News

Here are the key news stories impacting Rimini Street this week:

• Positive Sentiment: Adjusted earnings exceeded expectations. Rimini Street reported third-quarter EPS of $0.12, above the $0.09-$0.10 analyst consensus and up from $0.08 a year earlier. Rimini Street Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Revenue growth and record sales supported the bullish reaction. The company reported third-quarter revenue of approximately $112.1 million, with coverage describing the result as a revenue-estimate beat and continued growth. Rimini Street reports third quarter 2026 revenue
• Positive Sentiment: Management provided a favorable near-term outlook. Rimini Street expects fourth-quarter 2026 revenue of $117 million to $119 million and reiterated its fiscal 2026 “Rule of 20” guidance, signaling confidence in balancing growth and profitability. Rimini Street Q4 revenue outlook and Rule of 20 guidance
• Neutral Sentiment: Profitability remains a consideration. Although EPS beat estimates, reported net margin was only 1.69% and return on equity remained negative, so investors may continue to focus on margin expansion and the sustainability of earnings growth. Rimini Street fiscal third-quarter financial and operating results

About Rimini Street

Rimini Street, Inc provides enterprise software support, products and services for organizations using business applications and database systems. The company is best known for third-party support for software from Oracle, SAP and other enterprise technology providers, helping customers maintain existing systems while reducing the need for frequent upgrades.

Its offerings include application management, database support, interoperability services, security services, managed services and professional services.