Rimini Street (RMNI) Q2 2026 Earnings Call Transcript
Thursday, July 30, 2026 at 5:00 p.m. ET CALL PARTICIPANTS VP, Treasurer and Investor Relations - Dean Pohl CEO and President - Seth Ravin CFO - Michael Perica TAKEAWAYS Revenue -- $111.1 million, up 6.7% year over year reflecting positive growth drivers over the past four quarters. Adjusted Revenue -- growing 10% year over year when excluding revenue associated with PeopleSoft products.
How this was made
The 30-second read
Why it matters
The call centers on Q2 performance, improving gross margin and adjusted EBITDA margin, cash generation, and RPO growth, while also highlighting billings decline attributed to renewal timing and sales-force turnover.
Market read
Traders can update expectations for near-term revenue and profitability using the explicit Q3 and FY guidance ranges, while monitoring billings and sales execution risks.
What to watch
PeopleSoft wind-down is ongoing through July 2028, so investors may scrutinize whether adjusted metrics fully capture underlying customer churn and renewal dynamics.
Background
Rimini Street is transitioning from legacy PeopleSoft support toward modernized infrastructure and agentic AI ERP solutions, while winding down PeopleSoft support by July 2028.
Ticker impact
Rimini Street reported Q2 results and reiterated Q3 revenue guidance of $110M to $112M, plus FY2026 growth and margin targets.
Near-term trading likely hinges on whether investors focus on revenue growth and margin expansion versus the 8.8% YoY billings decline and sales-rep turnover.
The article provides multiple decision-useful datapoints: Q2 revenue, gross margin, adjusted EBITDA margin, cash/debt changes, RPO momentum, and explicit Q3 and FY guidance ranges. Offsetting risks include billings timing effects and management noting more sales rep turnover than desired.
Market effects
Reinforces demand narrative for ERP modernization and AI governance services among independent software maintenance providers.
No specific regional impact disclosed beyond North American sales-force restructuring.
Limited global read-through; story is primarily company-specific guidance and execution.
Counterpoint
Investors may discount the margin improvement if billings weakness persists beyond timing differences, especially with noted sales-rep turnover.
Key entities
- companyRimini Street, Inc.
Reported Q2 2026 results, reiterated Q3 revenue guidance ($110M to $112M), and maintained FY2026 growth and adjusted EBITDA margin guidance.
- executiveSeth Ravin
CEO who discussed agentic AI governance-as-a-service and sales-force restructuring.
- executiveMichael Perica
CFO who addressed billings timing differences and capital allocation considerations.
