Rimini Street Inc
NASDAQ:RMNI
Rimini Street Inc
Rimini Street, Inc. engages in the provision of enterprise software support products and services. The company is headquartered in Las Vegas, Nevada and currently employs 1,660 full-time employees. The company went IPO on 2015-07-10. The firm's subscription-based software support products and services offer enterprise software licensees a choice of solutions that replace or supplement the support products offered by enterprise software vendors. Its products and services seek to enable its clients to keep their systems operating and to remain in tax, legal and regulatory compliance; improve productivity; and allocate limited budgets, labor and other resources to investments. Its software support products and service offerings cover a range of enterprise software vendors, product families and product lines. Its supported vendor or product category includes SAP Applications, SAP Databases, Oracle Applications, Oracle Technology, Oracle Databases, Microsoft Databases, IBM Databases, Open Source Databases, Salesforce and Other Software. The company also offers a special support service, Rimini Street Extra Secure Support.
Rimini Street, Inc. engages in the provision of enterprise software support products and services. The company is headquartered in Las Vegas, Nevada and currently employs 1,660 full-time employees. The company went IPO on 2015-07-10. The firm's subscription-based software support products and services offer enterprise software licensees a choice of solutions that replace or supplement the support products offered by enterprise software vendors. Its products and services seek to enable its clients to keep their systems operating and to remain in tax, legal and regulatory compliance; improve productivity; and allocate limited budgets, labor and other resources to investments. Its software support products and service offerings cover a range of enterprise software vendors, product families and product lines. Its supported vendor or product category includes SAP Applications, SAP Databases, Oracle Applications, Oracle Technology, Oracle Databases, Microsoft Databases, IBM Databases, Open Source Databases, Salesforce and Other Software. The company also offers a special support service, Rimini Street Extra Secure Support.
Revenue Decline: Q3 2025 revenue was $103.4 million, down 1.2% year-over-year, mainly due to lower PeopleSoft-related business.
Bookings & Backlog Momentum: Bookings and backlog both showed growth, with RPO reaching a record $611 million, up 6.4% year-over-year.
Positive U.S. Trends: U.S. bookings grew 6% over the first three quarters, excluding PeopleSoft, signaling early signs of a turnaround.
AI ERP Traction: 26 agentic AI ERP engagements with ServiceNow are underway, but financial impact is not expected until 2026.
Oracle Litigation Settled: The longstanding Oracle case is now fully settled, reducing litigation costs and opening new partnership and customer opportunities.
GSA Contract Win: Added to the U.S. GSA Schedule for support services, which is expected to open more government sector sales.
Profitability: Reported net income of $2.8 million, reversing a loss from the prior year, but operating margins and cash declined.
No Near-Term Guidance: No forward guidance was given on the call; management will outline future targets at the December 3 Analyst Day.
