Rimini Street Reports Positive Q2 2025 Financial Results

Rimini Street ( (RMNI) ) has released its Q2 earnings. Here is a breakdown of the information Rimini Street presented to its investors.

Rimini Street, Inc., a global provider of enterprise software support and innovation solutions, is recognized as a leading third-party support provider for Oracle, SAP, and VMware software. The company offers a comprehensive portfolio of solutions to optimize enterprise applications and technology software for various organizations worldwide.

In its fiscal second quarter of 2025, Rimini Street reported a slight increase in revenue to $104.1 million, up 1.0% from the previous year. The company also achieved a gross margin of 60.4%, an improvement from 59.1% in the prior year. Notably, the company reported a significant turnaround with a net income of $30.3 million compared to a net loss of $1.1 million in the same quarter last year.

Key financial highlights include an adjusted EBITDA of $13.0 million, up from $8.8 million, and an adjusted calculated billings increase to $107.9 million from $103.8 million. The company also saw a rise in international revenue by 6.4%, while U.S. revenue experienced a decline of 4.5%. Additionally, Rimini Street’s active clients increased by 1.8% to 3,060, and the revenue retention rate improved to 90%.

Strategically, Rimini Street announced partnerships with Merlin Cyber and Dayforce to expand its capabilities in the public sector and HR solutions, respectively. The company also extended support for SAP ECC 6.0 and S/4HANA releases through 2040, aiming to help clients maintain compliance and reallocate IT savings towards new technologies.

Looking ahead, Rimini Street plans to reinitiate guidance at its upcoming Analyst Day, with expectations to announce further details in the fourth quarter. The company’s management remains focused on expanding its client base and enhancing its service offerings to drive future growth.