Rimini Street (Nasdaq: RMNI) lifts Q2 2026 revenue to $111.1M

Rhea-AI Filing Summary

Rimini Street reported fiscal second-quarter 2026 revenue of $111.1 million, up 6.7% year over year, with Adjusted Revenue of $108.0 million, up 10.0% excluding Oracle PeopleSoft support. U.S. revenue was $48.4 million, down 1.6%, while international revenue rose 14.1% to $62.7 million. Subscription revenue contributed $103.2 million, or 92.9% of total revenue. Annualized Recurring Revenue reached $412.8 million, and Adjusted ARR $401.1 million, both growing, with 3,132 active clients and a Revenue Retention Rate of 90%. Remaining Performance Obligations were $636.9 million, up 8.0%, though Calculated Billings declined 8.8%.

Gross margin was 60.9%. Operating income was $6.4 million and net income $2.4 million, versus elevated 2025 levels that included a large litigation settlement benefit; on a non-GAAP basis, operating income was $9.2 million, net income $5.9 million, and Adjusted EBITDA $10.5 million. Cash and cash equivalents increased to $123.4 million, and the company prepaid $10 million of debt, reducing outstanding debt to $48.4 million. Rimini Street also introduced Rimini Govern™ for AI and expects third-quarter 2026 revenue of $110–$112 million, while reiterating full-year guidance for 4%–6% revenue growth and 12.5%–15.5% Adjusted EBITDA margins, aligned with its Rule of 20 target.

Filing Explained

At June 30, 2026, common shares issued and outstanding were 93,336 thousand; the filing does not quantify any resulting holder dilution.

This Form 8-K, whose purpose is to report specified material events, furnishes the company’s second-quarter results under Item 2.02; the earnings information is presented as furnished, not filed under Exchange Act Section 18.

The balance sheet reports 93,336 thousand common shares issued and outstanding at June 30, 2026, compared with 91,603 thousand at December 31, 2025.

If the difference reflects additional shares, issuing them would reduce existing holders’ percentage ownership absent offsetting changes; this filing does not establish that transition or quantify dilution.

The same balance sheet reports stockholders’ deficit of $16,668 thousand at June 30, 2026, compared with $27,029 thousand at December 31, 2025.

The June 30 common-stock line is the specific line item to follow for any later explanation of the share-count change.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Revenue: $111.1 million Adjusted Revenue: $108.0 million Adjusted Annualized Recurring Revenue: $401.1 million +5 more

8 metrics

Revenue $111.1 million Second quarter 2026; up 6.7% year over year

Adjusted Revenue $108.0 million Q2 2026, excluding Oracle PeopleSoft services; up 10.0% year over year

Adjusted Annualized Recurring Revenue $401.1 million Second quarter 2026; up 8.1% compared to the same period last year

Remaining Performance Obligations $636.9 million As of June 30, 2026; up 8.0% versus June 30, 2025

Net income $2.4 million Second quarter 2026; compared to $30.3 million for the same period in 2025

Adjusted EBITDA $10.5 million Second quarter 2026; compared to $14.0 million for the same period last year

Cash and cash equivalents $123.4 million As of June 30, 2026; compared to $101.3 million at June 30, 2025

Outstanding debt $48.4 million Outstanding debt after a $10 million prepayment during the quarter

Key Terms

Remaining Performance Obligations (RPO), Annualized Recurring Revenue, Adjusted EBITDA, Revenue Retention Rate, +2 more

6 terms

Remaining Performance Obligations (RPO) financial

"Remaining Performance Obligations (RPO) of $636.9 million, up 8.0% year over year"

Remaining performance obligations (RPO) are the value of goods or services a company has contractually promised but has not yet delivered or billed, essentially future revenue already committed by customers. For investors, RPO is like a visible backlog or a promised paycheck—it shows how much revenue is expected to come in from existing contracts, helping assess near-term cash flow predictability and the reliability of a company’s revenue growth.

Annualized Recurring Revenue financial

"Annualized Recurring Revenue was $412.8 million for the second quarter of 2026"

Annualized recurring revenue is the predictable income a business expects to earn over a year from ongoing customer subscriptions or contracts. It’s similar to estimating how much money you would make in a year if your current monthly income stayed the same. Investors use this figure to assess the stability and growth potential of a company's revenue stream.

Adjusted EBITDA financial

"Adjusted EBITDA for the second quarter of 2026 was $10.5 million"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

Revenue Retention Rate financial

"Revenue Retention Rate was 90% and 90% for the trailing 12 months"

Measure of how much income a company keeps from its existing customers over a set period (usually a month or year), after accounting for lost customers, reduced spending, and any extra spending by remaining customers. Investors use it to judge the predictability and health of recurring revenue—high retention is like a garden that keeps producing the same or more fruit each season, signaling steadier future cash flow and lower risk.

Rule of 20 financial

"consistent with the goal of achieving the “Rule of 20” for fiscal year 2026"

A simple valuation guideline that says a stock market’s price-to-earnings ratio (P/E) plus the current inflation rate should total about 20; equivalently, a ‘fair’ P/E can be estimated as 20 minus inflation. It gives investors a quick check on whether stocks look expensive or cheap by adjusting earnings multiples for the impact of inflation—like comparing a sale price after tax to judge if you’re getting a reasonable deal.

Agentic AI ERP technical

"innovative Agentic AI ERP solutions, and is the leading third-party support provider"

Agentic AI ERP combines autonomous software agents—AI that can make decisions and take actions—with an enterprise resource planning (ERP) system that runs a company’s core operations like finance, inventory and HR. For investors it matters because this pairing can speed routine work, cut costs and unlock new revenue by letting software act like an extra, self-directed team member, but it also raises execution risk, implementation cost and questions about oversight and data controls.

Earnings Snapshot

Revenue: $111.1 million · Guidance included

second quarter of 2026

Revenue $111.1 million up 6.7% year over year compared to $104.1 million

Adjusted Revenue $108.0 million up 10.0% year over year, excluding Oracle PeopleSoft revenue

Net income $2.4 million compared to $30.3 million for the same period last year

Non-GAAP net income $5.9 million compared to $7.8 million for the same period last year

Adjusted EBITDA $10.5 million compared to $14.0 million for the same period last year

Adjusted Annualized Recurring Revenue $401.1 million up 8.1% compared to $371.1 million for the same period last year

Guidance

Expects third quarter 2026 revenue of $110 million to $112 million and reiterates full-year 2026 outlook for revenue growth of 4% to 6% and Adjusted EBITDA margins of 12.5% to 15.5%, targeting achievement of the Rule of 20.

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FAQ

How did Rimini Street (RMNI) perform on revenue in Q2 2026?

Rimini Street generated $111.1 million in revenue in Q2 2026, up 6.7% year over year. Adjusted Revenue, excluding Oracle PeopleSoft services, was $108.0 million, an increase of 10.0% compared to the same quarter in 2025.

What were Rimini Street’s (RMNI) Q2 2026 earnings and profitability?

In Q2 2026, Rimini Street reported net income of $2.4 million, or $0.03 per diluted share. Operating income was $6.4 million, non-GAAP net income $5.9 million, and Adjusted EBITDA $10.5 million, with a gross margin of 60.9%.

How is Rimini Street’s (RMNI) recurring revenue and client base trending?

Annualized Recurring Revenue reached $412.8 million in Q2 2026, with Adjusted ARR at $401.1 million, up 8.1% year over year. Active clients increased to 3,132, up 2.4%, and the Revenue Retention Rate remained 90% over the trailing 12 months.

What guidance did Rimini Street (RMNI) provide for Q3 and full-year 2026?

Rimini Street expects Q3 2026 revenue between $110 million and $112 million. For full-year 2026, it reiterates guidance for 4%–6% revenue growth and Adjusted EBITDA margins of 12.5%–15.5%, targeting achievement of the “Rule of 20.”

What is Rimini Street’s (RMNI) cash and debt position as of June 30, 2026?

As of June 30, 2026, Rimini Street held $123.4 million in cash and cash equivalents, up from $101.3 million a year earlier. During Q2, it prepaid $10 million of debt, reducing outstanding debt to $48.4 million, and reported no current maturities.

How does Rimini Street (RMNI) use non-GAAP measures like Adjusted EBITDA and Adjusted Revenue?

Rimini Street reports non-GAAP metrics including Adjusted Revenue, non-GAAP net income, and Adjusted EBITDA to exclude items such as litigation effects, stock-based compensation, reorganization costs, and PeopleSoft wind-down. Management uses these to assess core operations and compare performance across periods.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

July 30, 2026 (July 30, 2026)

Date of Report (date of earliest event reported) 

Rimini Street, Inc.

(Exact name of registrant as specified in its charter)

Delaware			001-37397			36-4880301
(State or other jurisdiction of incorporation or organization)			(Commission File Number)			(I.R.S. Employer Identification Number)

1700 S. Pavilion Center Drive, Suite 330

Las Vegas, NV 89135

(Address of principal executive offices) (Zip Code)

(702) 839-9671

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading Symbol(s)

Name of each exchange on which registered:

Common Stock, par value $0.0001 per share

RMNI

The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2) of this chapter.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On July 30, 2026, Rimini Street, Inc. (“we,” “us,” “our” or the “Company”) issued a press release announcing, among other things, our financial results for the second quarter ended June 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated in this Item 2.02 by reference.

The information presented in Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, unless we specifically state that the information is to be considered “filed” under the Exchange Act or specifically incorporate it by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act.

ITEM 7.01 REGULATION FD DISCLOSURE

Item 2.02 of this Current Report on Form 8-K is incorporated herein by reference. The information presented in Item 7.01 of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, unless we specifically state, as we do in the preceding paragraph, that the information is to be considered “filed” under the Exchange Act or specifically incorporate it by reference in any filing under the Securities Act or the Exchange Act.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d)        Exhibits.

 

Exhibit No.			Exhibit Title
99.1			Press Release Dated July 30, 2026 Announcing the Company’s Results for the Second Quarter Ended June 30, 2026 (Furnished Only)
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

			RIMINI STREET, INC.
Dated: July 30, 2026			By:			/s/ Seth A. Ravin
						Name:  Seth A. Ravin
						Title:  President, Chief Executive Officer and Chairman of the Board

2

Rimini Street Announces Fiscal Second Quarter 2026 Financial and Operating Results page 1

  Exhibit 99.1

FOR IMMEDIATE RELEASE

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, July 30, 2026 – Rimini Street, Inc., (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, managed services and Agentic AI ERP innovation solutions, and the leading third-party support provider for Oracle, SAP and VMware software, today announced results for the fiscal second quarter ended June 30, 2026.

“Second-quarter results and four consecutive quarters of improved growth metrics demonstrate strong demand for our core Rimini Support™ offering, increasing adoption of our broader enterprise software services portfolio and improving sales execution,” said Seth Ravin, president and CEO, Rimini Street. “Real innovation is not about installing a software vendor’s next ‘.ai’ release — it is about reducing total operating costs, improving profitability and enhancing competitive advantage. We help organizations achieve these goals by avoiding the costs and risks of unnecessary ERP Software upgrades and migrations and instead economically deploying Rimini Street’s innovative Agentic AI ERP solutions ‘over the top’ of existing ERP Software to deliver faster, better, cheaper and more agile ERP process execution – funded within the current IT budget.”

“The quarter results reflect continued growth momentum, expanding contracted revenue visibility and disciplined balance sheet management,” said Michael Perica, CFO, Rimini Street. “During the quarter, we prepaid another $10 million of debt, reduced outstanding debt to $48.4 million and increased total cash and cash equivalents to $123.4 million as of June 30, 2026. Comparisons of second quarter of 2026 operating income, net income and earnings per share are significantly impacted by a litigation settlement benefit recognized during the second quarter of 2025. Excluding prior-year litigation-related items, the Company continued to deliver profitability and growth while investing in sales capacity, product innovation and AI service offerings - where today we launched Rimini Govern™ for AI that offers AI agent governance and management as a service.”

Select Second Quarter 2026 Financial Results

•Revenue was $111.1 million for the second quarter of 2026, an increase of 6.7% compared to $104.1 million for the same period last year; excluding revenue for Oracle’s PeopleSoft software products, Adjusted Revenue increased by 10.0%.

•U.S. revenue was $48.4 million for the second quarter of 2026, a decrease of 1.6% compared to $49.2 million for the same period last year; excluding revenue for Oracle’s PeopleSoft software products, U.S. revenue increased by 3.1%.

•International revenue was $62.7 million for the second quarter of 2026, an increase of 14.1% compared to $55.0 million for the same period last year; excluding revenue for Oracle’s PeopleSoft software products, international revenue increased by 15.8%.

•Subscription revenue was $103.2 million, which accounted for 92.9% of total revenue for the second quarter of 2026, compared to subscription revenue of $98.5 million, which accounted for 94.6% of total revenue for the same period last year; excluding the support services for Oracle’s PeopleSoft software products, subscription revenue was $100.3 million, or 92.8% of total revenue, for the second quarter of 2026 compared to $92.8 million, or 94.5% of total revenue, for the same period last year.

•Annualized Recurring Revenue was $412.8 million for the second quarter of 2026, an increase of 4.8% compared to $394.1 million for the same period last year; excluding the support services for Oracle’s PeopleSoft software products,

Rimini Street Announces Fiscal Second Quarter 2026 Financial and Operating Results page 2

Adjusted Annualized Recurring Revenue was $401.1 million for the second quarter of 2026, an increase of 8.1% compared to $371.1 million for the same period last year.

•Active Clients as of June 30, 2026 were 3,132, an increase of 2.4% compared to 3,060 Active Clients as of June 30, 2025.

•Revenue Retention Rate was 90% and 90% for the trailing 12 months ended June 30, 2026 and 2025, respectively.

•Calculated Billings was $100.9 million for the second quarter of 2026, a decrease of 8.8% compared to $110.6 million for the same period last year.

•Adjusted Calculated Billings, which excludes Calculated Billings related to the support services for Oracle’s PeopleSoft software products, was $99.3 million for the second quarter of 2026, a decrease of 8.0% compared to $107.9 million for the same period last year.

•Remaining Performance Obligations (RPO) was $636.9 million as of June 30, 2026, an increase of 8.0% compared to $589.8 million as of June 30, 2025; excluding the support services for Oracle’s PeopleSoft software products, Adjusted RPO was $627.5 million as of June 30, 2026, an increase of 8.8% compared to $576.7 million as of June 30, 2025.

•Gross margin was 60.9% for the second quarter of 2026 compared to 60.4% for the same period last year.

•Operating income was $6.4 million for the second quarter of 2026 compared to $41.2 million for the same period last year.

•Non-GAAP Operating Income was $9.2 million for the second quarter of 2026 compared to $10.9 million for the same period last year.

•Net income was $2.4 million for the second quarter of 2026 compared to $30.3 million for the same period last year.

•Non-GAAP Net Income was $5.9 million for the second quarter of 2026 compared to $7.8 million for the same period last year.

•Adjusted EBITDA for the second quarter of 2026 was $10.5 million compared to $14.0 million for the same period last year.

•Basic and diluted earnings per share attributable to common stockholders was $0.03 and $0.03, respectively, for the second quarter of 2026, compared to a basic and diluted earnings per share of $0.33 and $0.32, respectively, for the same period last year.

•Cash and cash equivalents were $123.4 million at June 30, 2026 compared to $101.3 million at June 30, 2025.

Select Second Quarter 2026 Operating Results

•Announced new and existing clients that expanded their agreements with Rimini Street, including the following:

◦VIVERE Group, a leading Indonesian interior contractor and furniture maker, selected Rimini Support™ for SAP ECC 6.0 to strengthen business continuity, avoid a costly and disruptive SAP migration, and redirect resources toward digital transformation and innovation.

◦One NZ, a leading New Zealand telecommunications provider, chose Rimini Support™ to optimize its Oracle environment, including Siebel CRM and Oracle Database, while accelerating its AI transformation strategy. The company described Rimini Street as a trusted “co-innovation partner,” enabling it to redirect capital and talent toward future growth and its vision of becoming a world-leading AI-enabled telecommunications provider.

◦Medical Microinstruments, Inc., an Italian robotic microsurgery company, leveraged Rimini Consult™ for Salesforce to maximize ROI on its technology investments and helped eliminate unnecessary third-party software costs, implement critical training and certification workflows, and develop a long-term Salesforce roadmap to support the company's global growth and continued innovation in life-enhancing surgical technology. The company noted, “The progress we’ve seen in reducing manual processes and enhancing data-driven decision making reflects the strategic value Rimini Street brings to our Salesforce evolution.”

◦Cochlear Limited, an Australian hearing technology leader, chose Rimini Support™ for Oracle to gain greater control and flexibility over its ERP roadmap, avoid vendor-driven upgrade cycles, and free critical resources for digital transformation and new AI-powered customer service and analytics initiatives. The company noted, “Moving to Rimini Street gave us back control of our ERP platform. It took us out of that vendor driven upgrade cycle.”

•Resolved nearly 6,800 support cases and delivered over 4,500 tax, legal, and regulatory updates across 25 countries, achieving an average Rimini Support client satisfaction score of 4.9 out of 5.0 (where 5.0 is rated excellent).

Business Outlook

The Company expects third quarter 2026 revenue to be in the range of $110 million to $112 million. The Company is also reiterating its full year 2026 outlook, which calls for revenue growth of 4% to 6% and Adjusted EBITDA margins of 12.5% to 15.5% and is consistent with the goal of achieving the “Rule of 20” for fiscal year 2026.

Rimini Street Announces Fiscal Second Quarter 2026 Financial and Operating Results page 3

Webcast and Conference Call Information

The Company will host a conference call and webcast to discuss the second quarter of 2026 results and offer commentary on full year 2026 at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time on July 30, 2026. A live webcast of the event will be available on Rimini Street’s Investor Relations site at Rimini Street IR events link and directly via the webcast link. Dial-in participants can access the conference call by dialing 1-800-836-8184. A replay of the webcast will be available for one year following the event.

Company’s Use of Non-GAAP Financial Measures

This press release contains certain “non-GAAP financial measures.” Non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles. This non-GAAP information supplements and is not intended to represent a measure of performance in accordance with disclosures required by U.S. generally accepted accounting principles, or GAAP. Non-GAAP financial measures should be considered in addition to, and not as a substitute for or superior to, financial measures determined in accordance with GAAP.

Reconciliations of the non-GAAP financial measures included in this press release and described below to their most directly comparable GAAP financial measures are provided in the financial tables included at the end of this press release. An explanation of these measures, why we believe they are meaningful and how they are calculated is also included under the heading “About Non-GAAP Financial Measures and Certain Key Metrics.”

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a proven, trusted global provider of end-to-end, mission-critical enterprise software support, managed services and innovative Agentic AI ERP solutions, and is the leading third-party support provider for Oracle, SAP and VMware software. The Company has signed thousands of IT service contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who have leveraged the Rimini Smart Path™ methodology to achieve better operational outcomes, billions of US dollars in savings and fund AI and other innovation.

To learn more, please visit www.riministreet.com, and connect with Rimini Street on X, Facebook, Instagram, and LinkedIn.

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “anticipate,” “assume,” “believe,” “budget,” “continue,” “could,” “currently,” “estimate,” “expect,” “forecast,” “future,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “goal,” “potential,” “predict,” “project,” “reflect,” “results,” “seem,” “seek,” “should,” “will,” “would” and other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to our ability to attract new clients or retain and/or sell additional products or services to existing clients; our ability to achieve and maintain an adequate rate of revenue growth; cost of revenue, including changes in costs associated with our efforts to grow and the results of any efforts to manage costs to align with current revenue expectations and the expansion of our offerings; the effects of increased intense competition in our industry and our ability to compete effectively; our ability to successfully educate the market regarding the advantages of our support and managed services for ERP software and to sell the products and services comprising our “Rimini Smart Path™” solutions portfolio, including but not limited to our Agentic AI ERP solutions; our intentions with respect to our pricing model and expectations of client savings relative to use of other providers; the evolution of the ERP software management and support landscape facing our clients and prospects; estimates of our total addressable market; the effects of seasonal trends on our results of operations, including the contract renewal cycles for vendor-supplied software support and managed services; the effects of the efforts of enterprise software vendors to sell upgrades or migrations to cloud-based versions of their enterprise software on our results of operations; our ability to scale our operations quickly enough to meet our clients’ changing needs or decrease our costs adequately in response to changing client demand; risks arising from incorporating artificial intelligence (“AI”) technologies into our products or services or any deficiencies associated with AI technologies used by us or by our third-party vendors and service providers; our ability to maintain, protect, and enhance our brand; the loss of one or more members of our management team and our ability to attract and retain additional qualified technical, sales and marketing personnel; our ability to expand our marketing and sales capabilities; our ability to avoid interruptions to, or degraded performance of, our services and the impact of any such interruptions or performance problems on our operations; our ability to defend against cybersecurity threats and to comply with data protection and privacy regulations; our expectations regarding new product offerings, innovation solutions, partnerships and alliance programs and our

Rimini Street Announces Fiscal Second Quarter 2026 Financial and Operating Results page 4

ability to develop and maintain strategic partnerships; our ability to expand internationally and the risks associated with global operations; our wind down of support services for Oracle’s PeopleSoft software products and the impact on future period revenue and costs incurred related to these efforts; the continuing impact of and our ability to comply with the terms of our July 2025 settlement agreement with Oracle; the impact of macro-economic trends, including inflation and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; our ability to generate significant capital through our operations or to raise additional capital necessary to fund and expand our operations and invest in new services and products; our business plan and our ability to effectively secure and manage our growth and associated investments; risks relating to retention rates, including our ability to accurately predict retention rates; our ability to protect our intellectual property; our ability to maintain an effective system of internal control over financial reporting; changes in laws or regulations, including tax laws or unfavorable outcomes of tax positions we take; tariff costs; our ability to realize benefits from our net operating losses; any negative impact of environmental, social and governance (“ESG”) matters on our reputation or business and the exposure of our business to additional costs or risks from our reporting on such matters; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the volatility of our stock price; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; our ability to maintain our good standing with the United States and international governments and capture new contracts with public sector entities; the occurrence of catastrophic events that may disrupt our business or that of our current and prospective clients; future acquisitions of, or investments in, complementary companies, products, subscriptions or technologies; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on July 30, 2026, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the U.S. Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

# # #

© 2026 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

Rimini Street Announces Fiscal Second Quarter 2026 Financial and Operating Results page 5

RIMINI STREET, INC.

Unaudited Condensed Consolidated Balance Sheets

(In thousands, except per share amounts)

ASSETS			June 30, 2026						December 31, 2025
Current assets:
Cash and cash equivalents			$	123,441					$	119,974
Restricted cash, current			342						341
Accounts receivable, net of allowance of $1,802 and $1,443, respectively			91,760						136,866
Deferred contract costs, current			17,579						17,734
Prepaid expenses and other			29,141						25,447
Total current assets			262,263						300,362
Long-term assets:
Restricted cash, noncurrent			784						785
Property and equipment, net of accumulated depreciation and amortization of $24,606 and $23,822, respectively			9,615						10,239
Operating lease right-of-use assets			19,695						21,371
Deferred contract costs, noncurrent			24,064						24,436
Deposits and other			8,717						8,379
Deferred income taxes, net			59,114						57,540
Total assets			$	384,252					$	423,112
LIABILITIES, REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Current maturities of long-term debt			$	—					$	4,031
Accounts payable			4,577						5,752
Accrued compensation, benefits and commissions			36,851						39,609
Other accrued liabilities			23,466						24,307
Operating lease liabilities, current			4,355						4,984
Deferred revenue, current			243,059						268,717
Total current liabilities			312,308						347,400
Long-term liabilities:
Long-term debt, net of current maturities			46,575						63,156
Deferred revenue, noncurrent			24,072						18,824
Operating lease liabilities, noncurrent			16,600						18,843
Other long-term liabilities			1,365						1,918
Total liabilities			400,920						450,141
Stockholders' deficit:
Preferred Stock, $0.0001 par value per share. Authorized 99,820 shares (excluding 180 shares of Series A Preferred Stock); no other series has been designated			—						—
Common Stock, $0.0001 par value. Authorized 1,000,000 shares; issued and outstanding 93,336 and 91,603 shares, respectively			9						9
Additional paid-in capital			186,907						181,075
Accumulated other comprehensive loss			(4,843)						(5,613)
Accumulated deficit			(197,625)						(201,384)
Treasury stock, at cost, 137 and 137 shares, respectively			(1,116)						(1,116)
Total stockholders' deficit			(16,668)						(27,029)
Total liabilities and stockholders' deficit			$	384,252					$	423,112

Rimini Street Announces Fiscal Second Quarter 2026 Financial and Operating Results page 6

RIMINI STREET, INC.

Unaudited Condensed Consolidated Statements of Operations

(In thousands, except per share amounts)

			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2026						2025						2026						2025
Revenue			$	111,075					$	104,114					$	216,548					$	208,318
Cost of revenue			43,378						41,261						86,586						81,931
Gross profit			67,697						62,853						129,962						126,387
Operating expenses:
Sales and marketing			42,743						38,020						81,379						72,275
General and administrative			17,301						16,845						35,151						34,376
Research and development			1,114						—						1,685						—
Reorganization costs			166						722						573						1,184
Litigation costs and related recoveries:
Litigation settlement			—						(36,196)						—						(36,196)
Professional fees and other costs of litigation			—						2,264						—						4,189
Litigation costs and related recoveries, net			—						(33,932)						—						(32,007)
Total operating expenses			61,324						21,655						118,788						75,828
Operating income			6,373						41,198						11,174						50,559
Non-operating income and (expenses):
Interest expense			(1,130)						(1,629)						(2,381)						(3,304)
Other income (expenses), net			(284)						1,232						(1,524)						1,155
Income before income taxes			4,959						40,801						7,269						48,410
Income taxes			(2,561)						(10,543)						(3,510)						(14,802)
Net income			$	2,398					$	30,258					$	3,759					$	33,608
Net income per share attributable to common stockholders:
Basic			$	0.03					$	0.33					$	0.04					$	0.37
Diluted			$	0.03					$	0.32					$	0.04					$	0.36
Weighted average number of shares of Common Stock outstanding:
Basic			92,931						92,127						92,364						91,686
Diluted			94,833						94,120						94,398						93,752

Rimini Street Announces Fiscal Second Quarter 2026 Financial and Operating Results page 7

RIMINI STREET, INC.

GAAP to Non-GAAP Reconciliations

(In thousands)

			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2026						2025						2026						2025
Non-GAAP operating income reconciliation:
Operating income			$	6,373					$	41,198					$	11,174					$	50,559
Non-GAAP adjustments:
Litigation costs and related recoveries, net			—						(33,932)						—						(32,007)
Stock-based compensation expense			2,660						2,873						5,321						5,575
Reorganization costs			166						722						573						1,184
Non-GAAP operating income			$	9,199					$	10,861					$	17,068					$	25,311
Non-GAAP net income reconciliation:
Income before income taxes			$	4,959					$	40,801					$	7,269					$	48,410
Non-GAAP adjustments:
Litigation costs and related recoveries, net			—						(33,932)						—						(32,007)
Stock-based compensation expense			2,660						2,873						5,321						5,575
Reorganization costs			166						722						573						1,184
Non-GAAP income taxes			(1,904)						(2,626)						(3,233)						(5,814)
Non-GAAP net income			$	5,881					$	7,838					$	9,930					$	17,348
Non-GAAP Adjusted EBITDA reconciliation:
Net income			$	2,398					$	30,258					$	3,759					$	33,608
Non-GAAP adjustments:
Interest expense			1,130						1,629						2,381						3,304
Income taxes			2,561						10,543						3,510						14,802
Depreciation and amortization expense			1,004						858						1,999						1,789
EBITDA			7,093						43,288						11,649						53,503
Non-GAAP adjustments:
Litigation costs and related recoveries, net			—						(33,932)						—						(32,007)
Stock-based compensation expense			2,660						2,873						5,321						5,575
Reorganization costs			166						722						573						1,184
Unrealized foreign exchange losses			612						1,029						1,893						1,429
Adjusted EBITDA			$	10,531					$	13,980					$	19,436					$	29,684
Calculated Billings:
Revenue			$	111,075					$	104,114					$	216,548					$	208,318
Deferred revenue, current and noncurrent, end of the period			267,131						262,945						267,131						262,945
Deferred revenue, current and noncurrent, beginning of the period			277,329						256,423						287,541						281,197
Change in deferred revenue			(10,198)						6,522						(20,410)						(18,252)
Calculated billings			100,877						110,636						196,138						190,066
Less PeopleSoft calculated billings			(1,573)						(2,724)						(4,636)						(7,150)
Adjusted calculated billings			$	99,304					$	107,912					$	191,502					$	182,916

Rimini Street Announces Fiscal Second Quarter 2026 Financial and Operating Results page 8

RIMINI STREET, INC.

GAAP to Non-GAAP Reconciliations

(In thousands)

						Three Months Ended June 30,
Adjusted revenue reconciliation:						2026						2025
Revenue						$	111,075					$	104,114
Less PeopleSoft revenue						3,060						5,929
Adjusted revenue						$	108,015					$	98,185
						Three Months Ended June 30,
Adjusted annualized recurring revenue reconciliation:						2026						2025
Annualized recurring revenue						$	412,837					$	394,072
Less annualized PeopleSoft recurring revenue						11,742						22,949
Adjusted annualized recurring revenue						$	401,095					$	371,123
Adjusted remaining performance obligations reconciliation:						June 30, 2026						June 30, 2025
Remaining performance obligations						$	636,893					$	589,847
Less PeopleSoft remaining performance obligations						9,346						13,142
Adjusted remaining performance obligations						$	627,547					$	576,705

Rimini Street Announces Fiscal Second Quarter 2026 Financial and Operating Results page 9

About Non-GAAP Financial Measures and Certain Key Metrics

To provide investors and others with additional information regarding Rimini Street’s results, we have disclosed the following non-GAAP financial measures and certain key metrics. We have described below Active Clients, Adjusted Revenue, Annualized Recurring Revenue, Adjusted Annualized Recurring Revenue, Revenue Retention Rate and Remaining Performance Obligations, each of which is a key operational metric for our business. In addition, we have disclosed the following non-GAAP financial measures: non-GAAP operating income, non-GAAP net income, EBITDA, Adjusted EBITDA, Calculated Billings, Adjusted Calculated Billings and Adjusted Remaining Performance Obligations. In addition, we present certain financial metrics excluding our Oracle’s PeopleSoft software product offering to permit investors to see the operation of our continuing business, excluding reductions associated with the PeopleSoft wind down. Rimini Street has provided in the tables above a reconciliation of each non-GAAP financial measure used in this earnings release to the most directly comparable GAAP financial measure. These non-GAAP financial measures are also described below.

The primary purpose of using non-GAAP measures is to provide supplemental information that management believes may prove useful to investors and to enable investors to evaluate our results in the same way management does. We also present the non-GAAP financial measures because we believe they assist investors in comparing our performance across reporting periods on a consistent basis, as well as comparing our results against the results of other companies, by excluding items that we do not believe are indicative of our core operating performance. Specifically, management uses these non-GAAP measures as measures of operating performance; to prepare our annual operating budget; to allocate resources to enhance the financial performance of our business; to evaluate the effectiveness of our business strategies; to provide consistency and comparability with past financial performance; to facilitate a comparison of our results with those of other companies, many of which use similar non-GAAP financial measures to supplement their GAAP results; and in communications with our board of directors concerning our financial performance. Investors should be aware however, that not all companies define these non-GAAP measures consistently. 

Active Client is a distinct entity that purchases our services to support a specific product, including a company, an educational or government institution, or a business unit of a company. For example, we count as two separate active clients when support for two different products is being provided to the same entity. We believe that our ability to expand our active clients is an indicator of the growth of our business, the success of our sales and marketing activities, and the value that our services bring to our clients.

Adjusted Revenue is revenue adjusted to exclude revenue associated with services for Oracle’s PeopleSoft software products.

Annualized Recurring Revenue (ARR) is the amount of subscription revenue recognized during a fiscal quarter and multiplied by four. This gives us an indication of the revenue that can be earned in the following 12-month period from our existing client base, assuming no cancellations or price changes occur during that period. Subscription revenue excludes any non-recurring revenue, which has been insignificant to date.

Adjusted Annualized Recurring Revenue (Adjusted ARR) is annualized recurring revenue adjusted to exclude subscription revenue associated with services for Oracle’s PeopleSoft software products recognized during a fiscal quarter and multiplied by four.

Revenue Retention Rate is the actual subscription revenue (dollar-based) recognized over a 12-month period from customers that were clients on the day prior to the start of such 12-month period, divided by our Annualized Recurring Revenue as of the day prior to the start of the 12-month period.

Non-GAAP Operating Income is operating income adjusted to exclude: litigation costs and related recoveries, net, stock-based compensation expense and reorganization costs. The exclusions are discussed in further detail below.

Non-GAAP Income Taxes is the income tax effect adjusted to exclude: litigation costs and related recoveries, net, stock-based compensation expense and reorganization costs from income before income taxes.

Non-GAAP Net Income is net income adjusted to exclude: litigation costs and related recoveries, net, stock-based compensation expense and reorganization costs after taxes. These exclusions are discussed in further detail below.

Specifically, management excludes the following items from its non-GAAP financial measures, as applicable, for the periods presented:

Rimini Street Announces Fiscal Second Quarter 2026 Financial and Operating Results page 10

Litigation Costs and Related Recoveries, Net: Litigation costs and the associated litigation settlement, insurance and appeal recoveries relate to outside costs of litigation activities. These costs and recoveries reflect the litigation we are involved with, and do not relate to the day-to-day operations or our core business of serving our clients.

Stock-Based Compensation Expense: Our compensation strategy includes the use of stock-based compensation to attract and retain employees. This strategy is principally aimed at aligning employee interests with those of our stockholders and to achieve long-term employee retention. As a result, stock-based compensation expense varies for reasons that are generally unrelated to operational decisions in any particular period.

Reorganization Costs: The costs consist primarily of severance costs associated with the Company's reorganization plan.

EBITDA is net income adjusted to exclude: interest expense, income taxes, and depreciation and amortization expense.

Adjusted EBITDA is EBITDA adjusted to exclude: litigation costs and related recoveries, net, stock-based compensation expense and reorganization costs, as discussed above. In addition, it is also adjusted by unrealized foreign exchange (gains) or losses.

Calculated Billings represents the change in deferred revenue for the current period plus revenue for the current period.

Adjusted Calculated Billings is calculated billings adjusted to exclude the calculated billings associated with services for Oracle’s PeopleSoft software products.

Remaining Performance Obligations (RPO) represent all future non-cancellable revenue under contract that has not yet been recognized as revenue, and includes deferred revenue and unbilled amounts.

Adjusted Remaining Performance Obligations (Adjusted RPO) is the Company's remaining performance obligations adjusted to exclude the remaining performance obligations for services for Oracle’s PeopleSoft software products.

Rule of 20 is achieved when the revenue growth percentage and adjusted EBITDA percentage of revenue equal 20% when added together.

Investor Relations Contact

Dean Pohl

Rimini Street, Inc.

+1 925 523-7636

dpohl@riministreet.com

Media Relations Contact

Janet Ravin

Rimini Street, Inc.

+1 702 285-3532

pr@riministreet.com

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