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Rimini Street ( (RMNI) ) just unveiled an announcement.
On April 30, 2026, Rimini Street reported fiscal first quarter 2026 results showing modest top-line growth but softer profitability as it continued to invest in AI and innovation offerings. Revenue for the quarter ended March 31, 2026 rose 1.2% year on year to $105.5 million, or 5.2% excluding Oracle PeopleSoft support, with international revenue up 8.3% and U.S. revenue down 6.4% as the client base edged up to 3,130.
Key recurring metrics were stronger, with annualized recurring revenue at $400.8 million, adjusted recurring revenue up 5.0%, adjusted calculated billings up 22.9% to $92.2 million and remaining performance obligations up 16.4% to $643.6 million, signalling robust underlying demand. However, gross margin slipped to 59.0% and net income fell to $1.4 million, with adjusted EBITDA down to $8.9 million, even as the company prepaid $10 million of debt, lifting net cash to $73.8 million.
Operationally, Rimini Street highlighted expanded engagements with global clients such as LF, Lotte Rental and Cubic Corporation that are using its support to avoid costly ERP upgrades and reallocate savings into AI, R&D and digital initiatives. The company also underscored service quality, noting resolution of more than 6,800 support cases, over 11,000 tax, legal and regulatory updates across 23 countries and multiple Stevie Awards for AI-enabled customer service, while guiding for second quarter 2026 revenue of $106 million to $108 million and reaffirming full-year 2026 growth and margin targets.
The most recent analyst rating on (RMNI) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Rimini Street stock, see the RMNI Stock Forecast page.
Spark’s Take on RMNI Stock
According to Spark, TipRanks’ AI Analyst, RMNI is a Neutral.
RMNI scores mid-range: improved 2025 profitability and cash generation and a low P/E support the rating, but persistent negative equity, flat-to-declining revenue, and margin/retention pressures highlighted in the earnings call keep the overall score restrained. Technicals are moderately constructive but not decisively bullish given the stock remains below the 200-day average.
To see Spark’s full report on RMNI stock, click here.
More about Rimini Street
Rimini Street, Inc., based in Las Vegas and listed on Nasdaq as RMNI, is a global provider of end-to-end enterprise software support, managed services and Agentic AI ERP innovation solutions. The company is a leading third-party support provider for Oracle, SAP and VMware software, targeting organizations seeking to optimize existing ERP systems, reduce maintenance costs and fund AI-driven modernization and digital transformation initiatives.
Average Trading Volume: 354,422
Technical Sentiment Signal: Sell
Current Market Cap: $310.7M
For detailed information about RMNI stock, go to TipRanks’ Stock Analysis page.