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Rimini Street Inc (RMNI)
NASDAQ:RMNI
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.08Last Year’s EPS
0.07Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: -8.73%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented both positive and negative aspects. There were significant achievements in cost optimization, gross margin improvement, and strategic partnerships. However, these were offset by a decline in revenue and ongoing challenges with Oracle litigation and PeopleSoft wind-down. While growth opportunities exist, revenue and recurring revenue declines are concerning.Company Guidance
During Rimini Street's Q1 2025 earnings call, the company reported a revenue of $104.2 million, marking a 2.4% year-over-year decrease. However, billings grew 7.2% to $79.4 million, driven by new subscriptions and professional services, particularly in the EMEA and Asia Pacific regions. The gross margin improved to 61% from 59.8% in the prior year. Operating expenses as a percentage of revenue declined, with sales and marketing expenses dropping to 32.9%. The company reported a non-GAAP net income of $8.4 million, or $0.09 per diluted share, up from $0.08 per share in the prior year. Rimini Street is investing in partnerships, including with ServiceNow, Workday, and T-Systems North America, to drive future growth. The company is also navigating ongoing litigation with Oracle, which remains a significant factor in its business outlook.Improved Gross Margin
Gross margin for Q1 2025 improved to 61% compared to 59.8% in the prior year, highlighting operational leverage.
Cost Optimization Success
Operating expenses and cost of revenue as a percent of revenue declined by 5.8% year-over-year due to cost optimization efforts.
Positive Cash Flow
Operating cash flow increased by $33.7 million compared to $11.1 million in the prior year first quarter.
Strategic Partnerships
Announced new partnerships with ServiceNow, Workday, and T-Systems North America, enhancing service offerings and market reach.
Increase in Billings
Billings increased by 7.2% year-over-year, driven by new subscriptions and professional services.
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RMNI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RMNI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2025 | $3.55 | $3.28 | -7.61% |
Feb 27, 2025 | $3.05 | $3.55 | +16.39% |
Oct 30, 2024 | $1.69 | $1.59 | -5.92% |
Jul 31, 2024 | $3.15 | $2.22 | -29.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rimini Street Inc (RMNI) report earnings?
Rimini Street Inc (RMNI) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Rimini Street Inc (RMNI) earnings time?
Rimini Street Inc (RMNI) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RMNI EPS forecast?
RMNI EPS forecast for the fiscal quarter 2025 (Q2) is 0.08.
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