Key Highlights

  • Rimini Street (NASDAQ:RMNI) reported third quarter 2026 Revenue of USD 112.1 million on October 29, 2026, up 8.3 percent from USD 103.4 million, with adjusted revenue excluding PeopleSoft up 10.7 percent.
  • Adjusted EBITDA rose 52.0 percent to USD 15.1 million, and Net Income reached USD 6.5 million, or USD 0.07 per share, compared with USD 2.8 million, or USD 0.03, a year earlier.
  • Annualized Recurring Revenue was USD 421.0 million, up 7.7 percent, and fourth quarter revenue guidance of USD 117 million to USD 119 million points to further sequential growth.
  • Shares rose about 24 percent on October 30, 2026, according to published market data, while cash was USD 93.3 million and the company bought back USD 5.0 million of stock at Rimini Street (NASDAQ:RMNI).

What Rimini Street Reported

Rimini Street (NASDAQ:RMNI) released third quarter results dated October 29, 2026. Subscription revenue was USD 105.2 million, or 93.9 percent of the total, compared with 94.5 percent a year earlier. Adjusted revenue excluding PeopleSoft was USD 109.3 million. Operating Income more than doubled to USD 9.8 million from USD 4.4 million. The company ended with 3,214 active clients, up 1.9 percent, and cash of USD 93.3 million. During the quarter it repurchased USD 5.0 million of common stock and prepaid USD 5.0 million of debt, leaving term Loan Debt at USD 43.4 million. Chief Executive Seth Ravin cited continued strong Demand for enterprise software support, and Chief Financial Officer Michael Perica stressed financial strength and flexibility.

How the Business Makes Money

Rimini Street sells third party support for enterprise software from vendors such as Oracle and SAP, usually at a lower price than the vendor charges for maintenance. Clients pay subscriptions, which makes revenue recurring and predictable. Profit rises when new clients arrive faster than costs grow, which appears to be the pattern at Rimini Street (NASDAQ:RMNI) this quarter. Fourth quarter guidance of USD 117 million to USD 119 million implies a midpoint about 5.3 percent above third quarter revenue, simple arithmetic on two published numbers. The company also reiterated its Rule of 20 target, which combines growth and profit margin, without giving full year revenue or Earnings figures.

Risks and What to Watch

The first risk is the wind down of PeopleSoft support, which is excluded from adjusted metrics and weighs on headline growth. The second is the July 2025 settlement with Oracle, which the company still lists as an ongoing risk factor. Annualized recurring revenue growth of 7.7 percent is slower than total revenue growth, and cash is below the USD 108.7 million of a year earlier. Investors will watch client additions, Margin trends, debt repayment and analyst target changes after the jump. A weak market, as seen in technology shares on October 30, 2026, could still pressure Rimini Street (NASDAQ:RMNI). Readers should compare each figure here with the company filing.

Where Things Stand

The company is Rimini Street (NASDAQ:RMNI), which rose because revenue, profit and cash generation all improved and fourth quarter guidance pointed higher. The jump of about 24 percent is large for a company with 8.3 percent growth, which suggests expectations were low going in. The evidence is supportive and cash generation is steady, but the PeopleSoft wind down, the Oracle settlement and slower recurring revenue growth remain real risks, and the next catalyst is the fourth quarter report.