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Ravin Seth A. reported acquisition or exercise transactions in this Form 4 filing.
Rimini Street CEO Ravin Seth A. received a grant of 168,965 Performance Units. Each unit represents a contingent right to receive one share of common stock based on previously achieved 2025 Adjusted EBITDA and Total Revenue performance goals, effective February 19, 2026.
The Performance Units are also subject to time-based vesting in three equal installments on March 4, 2026, March 4, 2027, and March 4, 2028, generally requiring continued service through each vesting date. Following these updates, he holds 678,538 common shares directly and 10,491,309 indirectly through the SAR Trust.
Perica Michael L. reported acquisition or exercise transactions in this Form 4 filing.
Rimini Street, Inc. reported that EVP & Chief Financial Officer Michael L. Perica received a grant of 56,321 Performance Units effective February 19, 2026. Each Performance Unit represents a contingent right to receive one share of common stock upon vesting.
These represent “Earned Performance Units” under the company’s 2025 Long-Term Incentive Plan, based on achievement of 2025 targets for Adjusted EBITDA and Total Revenue. The units are also subject to time-based vesting in three equal installments on March 4, 2026, March 4, 2027 and March 4, 2028, generally requiring Mr. Perica to remain a service provider through each vesting date. Following this grant, he directly holds 92,150 shares of Rimini Street common stock.
Hershkowitz Steven reported acquisition or exercise transactions in this Form 4 filing.
Rimini Street, Inc. executive vice president and chief revenue officer Steven Hershkowitz received an award of 16,896 Performance Units effective February 19, 2026. Each unit represents a contingent right to receive one share of common stock upon vesting.
The units were earned under the company’s 2025 Long-Term Incentive Plan based on achievement of 2025 Adjusted EBITDA and total revenue performance goals. They are subject to additional time-based vesting in three equal installments on March 4, 2026, March 4, 2027, and March 4, 2028, contingent on continued service. Following these transactions, Hershkowitz directly holds 99,945 shares of common stock.
Lyskawa Nancy reported acquisition or exercise transactions in this Form 4 filing.
Rimini Street, Inc. executive Nancy Lyskawa, EVP & Chief Client Officer, was granted 16,896 Performance Units effective February 19, 2026. Each unit is a contingent right to receive one share of common stock, based on the company’s achievement of 2025 Adjusted EBITDA and Total Revenue performance goals.
These Performance Units vest in three equal installments on March 4, 2026, March 4, 2027, and March 4, 2028, generally requiring her continued service. Following this grant, she directly holds 184,015 shares of Rimini Street common stock.
Rimini Street, Inc. reported that EVP and Chief Recurring Revenue Officer Kevin Maddock acquired an award of 16,896 Performance Units. Each unit is a contingent right to receive one share of common stock, earned under the 2025 Long-Term Incentive Plan based on 2025 Adjusted EBITDA and Total Revenue performance goals, effective as of February 19, 2026. These Performance Units vest in three equal installments on March 4, 2026, March 4, 2027 and March 4, 2028, if he continues as a service provider. Following this filing, he directly holds 173,704 shares of common stock.
Rowe David W. reported acquisition or exercise transactions in this Form 4 filing.
Rimini Street, Inc. executive David W. Rowe, the company’s CPO, CMO and EVP Global Transformation, received a grant of 16,896 Performance Units effective February 19, 2026. Each Performance Unit represents a contingent right to receive one share of common stock upon vesting.
The units were earned under the company’s 2025 Long-Term Incentive Plan based on achievement of 2025 Adjusted EBITDA and Total Revenue performance goals. They are also subject to time-based vesting in three equal installments on March 4, 2026, March 4, 2027 and March 4, 2028, contingent on Mr. Rowe remaining a service provider. After this transaction, he directly holds 453,931 shares of common stock in addition to the Performance Units.
Rimini Street, Inc. furnished a February 2026 investor presentation outlining its strategy, Agentic AI ERP offerings and historical performance through the year ended December 31, 2025. The company positions itself as a global provider of end-to-end enterprise software support, managed services and professional services with more than 6,500 client contracts and operations in 17 countries.
The presentation highlights revenue of $326.8 million in 2020, rising to $431.5 million in 2023, then $428.8 million in 2024 and $421.5 million in 2025, with gross margins generally above 60%. Adjusted EBITDA was $42.6 million in 2020, reaching $71.9 million in 2023 and $49.8 million in 2025.
As of December 31, 2025, cash and cash equivalents were $120.0 million against a bank term loan of $69.4 million, for net cash over debt of $50.6 million. The company reports U.S. federal net operating loss carryforwards of $125M and state NOLs of $123M. Management emphasizes a large support and optimization total addressable market, a high client satisfaction score of 4.9 out of 5.0, and an investment thesis centered on its third‑party support model, Agentic AI ERP initiatives and a target non‑GAAP financial model aimed at sustained high margins.
Rimini Street, Inc. reported fiscal 2025 results showing modest top-line pressure but stronger profitability and a larger contracted backlog. Revenue for 2025 was $421.5 million, down 1.7% from 2024, while net income swung to $37.1 million from a net loss of $36.3 million, helped by lower litigation impact.
Remaining performance obligations reached a record $652.9 million as of December 31, 2025, up 11.1% year over year, and cash and cash equivalents rose to $120.0 million from $88.8 million. Adjusted EBITDA for 2025 was $49.8 million versus $53.1 million in 2024, reflecting continued investment and the wind down of Oracle PeopleSoft services.
For the fourth quarter of 2025, revenue was $109.8 million, down 3.9% from the prior-year quarter, with gross margin at 60.4% and net income of $0.7 million. The company ended 2025 with 3,102 active clients, annualized recurring revenue of $411.4 million, and repurchased about 1.9 million shares during the year.
Management highlighted the launch of new Agentic AI ERP solutions and reported first-quarter 2026 revenue guidance of $101.5 million to $103.5 million, reiterating full-year 2026 targets for revenue growth of 4% to 6% and Adjusted EBITDA margins of 12.5% to 15.5%.
Rimini Street, Inc. is a global provider of third‑party enterprise software support, managed services and Agentic AI ERP innovation solutions, built around its three‑step “Rimini Smart Path” model: Support, Optimize and Innovate.
The company supported over 3,100 active clients as of December 31, 2025, including 78 Fortune 500 and 20 Fortune Global 100 companies, with operations in more than 150 countries. Revenue was $421.5 million for 2025 versus $428.8 million for 2024, a 2% decline, but Rimini Street moved from a $36.3 million net loss in 2024 to $37.1 million net income in 2025, despite an accumulated deficit of $201.4 million.
About 46% of 2025 revenue came from the United States and 54% from international markets. The company is expanding newer offerings such as Rimini Manage, Rimini Protect, Rimini Connect, Rimini Watch, Rimini Consult, Rimini Custom and its recently launched Rimini Agentic UX solutions, while positioning itself as an early mover in Agentic AI ERP.
Rimini Street, Inc. Executive Vice President and Chief Financial Officer Michael L. Perica reported selling 53,882 shares of common stock on January 8, 2026 at a price of $4.00 per share. After this transaction, he beneficially owned 92,150 shares of Rimini Street common stock in direct form. The filing notes that this sale occurred automatically under a Rule 10b5-1 trading plan that he adopted on June 2, 2025, indicating the transactions were pre-scheduled rather than timed at his discretion.