Rimini Street Announces Fiscal Second Quarter 2026 Financial and Operating Results
Second Quarter Financial Highlights Include: Revenue of $111.1 million, up 6.7% year over year Adjusted Revenue of $108.0 million, up 10.0% year over year Remaining Performance Obligations (RPO) of $636.9 million, up 8.0% year over year Adjusted Annualized Recurring Revenue of $401.1 million, up 8.1% year over year LAS VEGAS — Rimi ni Street, Inc., (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, managed services and Agentic AI ERP innovation solutions, and the...
How this was made
The 30-second read
Why it matters
Q2 2026 results show improving contracted visibility (RPO) and recurring revenue, but weaker billings and lower operating profitability versus the prior-year quarter, with explicit mention that 2025 comparisons were affected by a litigation settlement benefit.
Market read
Traders can update expectations for recurring revenue durability and contracted backlog (RPO) while reassessing near-term cash generation given billings and profitability declines.
What to watch
Prior-year litigation settlement benefit distorted year-over-year comparisons; traders should normalize results and focus on adjusted EBITDA and billings trend quality.
Background
Rimini Street is a third-party support and managed services provider for enterprise software (notably Oracle, SAP, VMware) and is positioning AI ERP solutions and AI governance services.
Ticker impact
Rimini Street reported fiscal Q2 2026 revenue of $111.1M (+6.7% YoY) and RPO of $636.9M (+8.0% YoY).
Near-term bias modestly positive on recurring metrics, offset by weaker calculated billings and lower operating income versus prior year.
The article provides multiple forward-looking proxies (RPO, annualized recurring revenue, active clients) that improved YoY, while operating income, net income, and adjusted EBITDA declined versus the prior-year quarter.
Market effects
Signals continued demand for third-party enterprise software support and managed services, with AI governance offerings gaining product traction.
International revenue growth outpaced U.S. revenue decline, suggesting regional mix is improving outside the U.S.
Supports the broader enterprise software services theme tied to avoiding costly ERP upgrades and migrations.
Counterpoint
The headline growth may be less durable if calculated billings fell 8.8% YoY and operating income/net income were materially lower.
Key entities
- companyRimini Street, Inc.
Nasdaq-listed provider of enterprise software support, managed services, and AI ERP innovation solutions.
- executiveSeth Ravin
CEO, cited on demand for Rimini Support and the company’s AI ERP approach.
- executiveMichael Perica
CFO, cited on balance sheet actions and normalized profitability context.
- productRimini Govern
AI agent governance and management as a service launched during the quarter.
