Rimini Street (RMNI) Q2 2026 earnings summary

Executive summary

• Achieved four consecutive quarters of improved growth metrics, with Q2 2026 revenue of $111.1M, up 6.7%-7% year-over-year, and strong demand for AI-driven enterprise software services.

• Closed 14 new client transactions over $1M TCV in Q2, totaling $30M, and added 58 new logos; H1 totals: 25 transactions, $62.9M, 108 new logos.

• International revenue grew 14%-14.1% year-over-year, while U.S. revenue declined 1.6%-2%; excluding PeopleSoft, U.S. revenue increased 3%-3.1%.

• Launched Rimini Govern for AI, enhancing governance, risk, and compliance capabilities for enterprise AI deployments.

• Focused on recurring subscription contracts, high client satisfaction (4.9/5.0), and global reach with 1,900+ employees and 6,700+ client contracts.

Financial highlights

• Q2 2026 revenue was $111.1M, up 6.7%-7% year-over-year; adjusted revenue (ex-PeopleSoft) grew 10%.

• Six-month revenue was $216.5M, up 4% year-over-year; annualized recurring revenue (ex-PeopleSoft) reached $401.1M-$413M, up 8.1%.

• Gross margin was 60.9% (GAAP), up from 60.4% year-over-year; non-GAAP gross margin was 61.3%.

• Net income attributable to shareholders was $2.4M ($0.03/diluted share), down from $30.3M in Q2 2025 due to prior-year litigation settlement; non-GAAP net income was $5.9M.

• Cash and cash equivalents at quarter-end were $123.4M, up from $101.3M a year ago.

Outlook and guidance

• Q3 2026 revenue expected between $110M-$112M.

• Full-year 2026 outlook reiterated: revenue growth of 4%-6%, adjusted EBITDA margin of 12.5%-15.5%, targeting Rule of 20.

• Continued focus on profitable growth, disciplined cost management, and strong balance sheet.

• Management anticipates sufficient liquidity for at least 12 months, assuming no significant adverse macroeconomic or litigation impacts.