Rimini Street, Inc. (RMNI) reported third-quarter 2026 revenue of $112.1 million, up 8.3% year over year. Adjusted Revenue, which excludes revenue associated with Oracle’s PeopleSoft software products, was $109.3 million, up 10.7%. Net income was $6.5 million versus $2.8 million a year earlier, and Adjusted EBITDA was $15.1 million versus $9.9 million, up 52.0%. Adjusted Calculated Billings rose 21.9% to $78.0 million; Remaining Performance Obligations were $652.9 million as of September 30, 2026, up 6.8% year over year.
For the first nine months of 2026, net income was $10.3 million versus $36.4 million for the same period in 2025. Cash and cash equivalents were $93.3 million as of September 30, 2026. Rimini Street launched Rimini Govern for AI and announced a Datacom partnership to offer Oracle and SAP support in Australia and New Zealand. It expects fourth-quarter 2026 revenue of $117 million to $119 million and reiterated its fiscal 2026 “Rule of 20” guidance.
Rimini Street, Inc. reported third-quarter 2026 revenue of $112.1 million, up 8.3% from a year earlier, and net income of $6.5 million, compared with $2.8 million. Gross profit rose 11.1% to $68.8 million, while gross margin was 61.4%, versus 59.9%.
For the nine months ended September 30, 2026, revenue increased 5.4% to $328.6 million, but operating income declined 61.7% to $21.0 million and net income fell 71.7% to $10.3 million. The 2025 nine-month results included $36.2 million of litigation settlement income and $1.7 million of interest income.
As of September 30, 2026, cash and cash equivalents were $93.3 million, outstanding term-loan principal was $43.4 million, and revolving capacity was $35.0 million; the company repaid $25.9 million of term-loan principal during the nine months. Current liabilities exceeded current assets by $50.8 million and included $210.8 million of deferred revenue. Rimini believes existing cash, operating cash flows and borrowing capacity will be sufficient to meet anticipated needs for at least 12 months, assuming no significant adverse impact to operations from macroeconomic conditions, geopolitical pressures or litigation matters. The company is required to complete its PeopleSoft services wind-down by July 31, 2028; those services represented approximately 3% of revenue for the nine months ended September 30, 2026.
Rimini Street, Inc. reported that its EVP & Chief Delivery Officer, Alexander Guasch, received equity awards on October 8, 2026: 25,000 employee stock options and 25,000 restricted stock units. The options have an exercise price of $4.095 per share and expire October 8, 2036. Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting. Both awards vest in three equal annual installments on October 8, 2027, October 8, 2028, and October 8, 2029, generally subject to continued service through each applicable vesting date.
Rimini Street, Inc. reported that Steven Hershkowitz, EVP & Chief Revenue Officer, received four employee stock option awards on October 1, 2026: 66,667, 18,301, 25,116 and 100,000 options. Each option has a $4.29 exercise price and expires October 1, 2037. He also received five restricted stock unit awards of 100,002, 66,667, 22,989, 11,264 and 32,258 units; each unit is a contingent right to receive one share of common stock upon vesting. The options and units follow separate vesting schedules, with each award subject to continued service through its applicable vesting date. Direct common-stock holdings following the reported transactions on October 1, 2026, were 186,992 shares.
Rimini Street, Inc. approved equity awards effective October 1, 2026, for Steven Hershkowitz, its Executive Vice President and Chief Revenue Officer. The awards were designed to restore shares underlying unvested awards forfeited when he resigned on September 8, 2026; he was reinstated effective September 14, 2026.
The option awards cover 66,667, 18,301, 25,116 and 100,000 shares, each with a $4.29 exercise price and a 10-year term. RSU awards cover 100,002, 66,667, 22,989, 11,264 and 32,258 units, each settleable for one common share upon vesting. Vesting is subject to continued service. The 32,258 target PSUs depend on fiscal 2026 adjusted EBITDA and revenue goals and, once earned, also require continued service to vest.
Rimini Street, Inc. reports that Steven Hershkowitz, EVP & Chief Revenue Officer, became a Section 16 Executive Officer again on September 14, 2026. As of that date, he reported direct ownership of 186,992 common shares and vested, exercisable employee stock options covering 33,333 shares at $2.72 and 9,149 shares at $3.48. Both option positions expire December 7, 2026.
Rimini Street, Inc. EVP & Chief Marketing Officer David W. Rowe converted 13,333 restricted stock units into common stock on September 20, 2026, and sold 4,884 common shares at $4.36 per share on September 21, 2026. The sale was an automatically triggered sell-to-cover transaction for withholding tax obligations under the issuer's policy; Rowe did not initiate it. Following the conversion, he held 13,334 restricted stock units. No Rule 10b5-1 plan is reported.
Rimini Street, Inc. (RMNI) reported initial equity holdings for executive vice president and chief delivery officer Alexander Guasch. He holds 50,000 employee stock options to buy common stock at $4.15 per share, expiring on June 5, 2036, and 50,000 Restricted Stock Units, each representing one share of common stock upon vesting.
Both the options and RSUs were granted on June 5, 2026 and will vest in three equal annual installments on June 5, 2027, June 5, 2028, and June 5, 2029, generally conditioned on Guasch continuing to serve as a “Service Provider” under the company’s 2013 Equity Incentive Plan through each vesting date.
Rimini Street, Inc. (RMNI) reports that, effective September 14, 2026, Steven Hershkowitz is being reinstated as Executive Vice President and Chief Revenue Officer, resuming the same titles, duties and responsibilities he held before his resignation on September 8, 2026. The Board’s Compensation Committee approved reinstating his prior $480,000 annual base salary and annual incentive opportunity of $320,000.16 under the company’s Cash Bonus Plan, with base salary prorated for the remainder of 2026. Chief Revenue Officer responsibilities and direct reports previously shifted to Executive Vice President and Chief Operating Officer Keith Costello have been reassigned to Hershkowitz, with no change to Costello’s employment terms.
Rimini Street, Inc. (RMNI) reports that Executive Vice President and Chief Revenue Officer Steven Hershkowitz resigned his position effective September 8, 2026 to pursue another opportunity. His Chief Revenue Officer responsibilities and direct reports have been transferred to Executive Vice President and Chief Operating Officer Keith Costello.
The company notes that Mr. Costello previously led field sales functions at DXC Technology and IBM, where he oversaw responsibility for billions of dollars of global revenue, and directs readers to a prior company disclosure dated August 12, 2026 for additional background on his experience.