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Rimini Street (RMNI) investor relations material
Rimini Street Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q3 2025 was $103.4 million, down 1.2% year-over-year; excluding PeopleSoft, revenue grew 2.5%.
Net income was $2.8 million ($0.03 per diluted share), compared to a net loss of $43.1 million ($0.47 per share) last year.
Achieved record SAP support sales, surpassed 100 VMware support contracts, and closed over two dozen agentic AI ERP client engagements.
Settled longstanding Oracle litigation, agreeing to wind down PeopleSoft support by July 31, 2028, and received a $37.9 million repayment from Oracle.
Added 79 new client logos, active clients increased 1.9% to 3,155, and RPO backlog reached a record $611.2 million, up 6.4% year-over-year.
Financial highlights
Gross margin was 59.9% (GAAP), down from 60.7% a year ago; non-GAAP gross margin was 60.4%.
Operating income was $4.4 million, a turnaround from a $49.6 million loss last year.
Adjusted EBITDA was $10.1 million (9.8% of revenue), down from $13.7 million last year.
Cash and short-term investments totaled $108.7 million at quarter end.
Annualized recurring revenue was $391 million, a 2.6% decrease year-over-year; excluding PeopleSoft, it increased 1.0%.
Outlook and guidance
Forward-looking guidance and financial goals to be provided at Analyst and Investor Day on December 3, 2025.
Expectation for agentic AI ERP solutions to materially impact results starting in 2026.
Continued reductions in PeopleSoft-related revenue expected through July 2028.
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