Rimini Street (NASDAQ:RMNI) Announces Earnings Results

Rimini Street (NASDAQ:RMNI) posted its quarterly earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07), Zacks reports. Rimini Street had a negative return on equity of 27.81% and a net margin of 8.80%.

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

• Q1 top-line and backlog growth: Revenue was $105.5M (+1.2% YoY; +5.2% ex‑PeopleSoft), ARR $400.8M, billings +19.9% (+22.9% ex‑PeopleSoft) and RPO rose to $643.6M (+16.4%), signaling accelerating demand.
• Stronger bookings and larger deals: Closed 11 transactions >$1M TCV totaling $33M (vs. 5/$5.6M LY), added 50 new logos, and reported longer‑duration contracts and better pipeline conversion, including more North American wins.
• Healthy balance sheet and debt reduction: Ended the quarter with $132.2M cash, made a $10M voluntary principal prepayment (debt $58.4M) and a net cash position of $73.8M, supporting optionality for buybacks, debt paydown, or reinvestment.
• Strategic shift into Agentic AI ERP and R&D: Company is investing in Rimini Agentic AI ERP and introduced an R&D line item (expected to exit the year ~1% of revenue); commercial contribution is modest today but management expects it to be a growth lever over time.
• Margin and profitability pressure and PeopleSoft wind‑down: Gross margin declined to 59.0% and adjusted EBITDA fell to 8.4% of revenue (vs. 15.1% LY) due to pulled‑forward investments and start‑up costs, while the PeopleSoft support wind‑down (completion by July 2028) continues to remove a prior revenue stream.

Rimini Street Stock Performance

Shares of NASDAQ RMNI traded up $0.02 during midday trading on Thursday, reaching $3.41. 513,667 shares of the company traded hands, compared to its average volume of 300,395. The firm has a market cap of $312.56 million, a PE ratio of 8.53 and a beta of 1.27. The stock’s 50-day simple moving average is $3.43 and its 200-day simple moving average is $3.72. Rimini Street has a 12 month low of $2.87 and a 12 month high of $5.38.

Insider Buying and Selling

In related news, CEO Seth A. Ravin sold 52,085 shares of Rimini Street stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $3.64, for a total value of $189,589.40. Following the completion of the transaction, the chief executive officer directly owned 722,564 shares of the company’s stock, valued at $2,630,132.96. The trade was a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kevin Maddock sold 7,209 shares of Rimini Street stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $3.64, for a total value of $26,240.76. Following the completion of the transaction, the executive vice president directly owned 184,217 shares of the company’s stock, valued at $670,549.88. This represents a 3.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 116,246 shares of company stock valued at $424,248 in the last ninety days. Insiders own 41.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RMNI. Samjo Management LLC raised its holdings in shares of Rimini Street by 149.0% in the fourth quarter. Samjo Management LLC now owns 1,207,750 shares of the company’s stock valued at $4,686,000 after buying an additional 722,750 shares during the last quarter. Mink Brook Asset Management LLC raised its holdings in shares of Rimini Street by 73.4% in the fourth quarter. Mink Brook Asset Management LLC now owns 1,299,741 shares of the company’s stock valued at $5,043,000 after buying an additional 550,167 shares during the last quarter. Manatuck Hill Partners LLC raised its holdings in shares of Rimini Street by 401.4% in the third quarter. Manatuck Hill Partners LLC now owns 604,640 shares of the company’s stock valued at $2,830,000 after buying an additional 484,040 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Rimini Street in the second quarter valued at about $1,134,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Rimini Street by 362.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 210,726 shares of the company’s stock valued at $818,000 after buying an additional 165,155 shares during the last quarter. 73.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on RMNI. TD Cowen cut their price objective on Rimini Street from $4.25 to $4.00 and set a “hold” rating for the company in a report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Rimini Street in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Rimini Street has an average rating of “Hold” and a consensus target price of $5.25.

Rimini Street Company Profile

Rimini Street, Inc (NASDAQ: RMNI) is a provider of enterprise software support services, specializing in third-party maintenance for mission-critical applications from leading technology vendors. The company offers comprehensive support for ERP, CRM and database environments, with coverage for systems from providers such as Oracle and SAP. Through its proactive system monitoring, performance tuning, regulatory and tax update services, Rimini Street aims to extend the lifecycle of enterprise applications while delivering service levels comparable to or exceeding those of original software vendors.

Founded in 2005 by technology entrepreneur Seth Ravin, Rimini Street has grown from a startup into a publicly traded company following its initial public offering in March 2018.