Rimini Street Announces Fiscal First Quarter 2026 Financial and Operating Results

Rimini Street, Inc. reported its financial results for the first quarter ended March 31, 2026. The company announced a revenue of $105.5 million, a slight increase of 1.2% year-over-year, or 5.2% excluding support services for Oracle's PeopleSoft products. Remaining Performance Obligations (RPO) reached $643.6 million, up 16.4% year-over-year. Adjusted Calculated Billings increased by 22.9% to $92.2 million, and Adjusted Annualized Recurring Revenue (ARR) grew by 5.0% to $388.0 million. The company reported a net income of $1.4 million, a decrease from $3.4 million in the same period last year. Rimini Street also announced a $10 million debt prepayment, reducing its outstanding debt. The company provided guidance for the second quarter of 2026, with revenue expected to be between $106 million and $108 million, and reiterated its full-year 2026 guidance for revenue growth of 4% to 6% and Adjusted EBITDA margins of 12.5% to 15.5%.