Rimini Street beats Q1 revenue estimates

Rimini Street

30/04/2026 21:10

Overview

Enterprise software support firm's fiscal Q1 revenue rose 1.2%, beating analyst expectations

Net income and adjusted EBITDA declined yr/yr

Company made $10 mln voluntary debt prepayment, reducing outstanding debt to $58.4 mln

Outlook

Company sees Q2 2026 revenue between $106 mln and $108 mln

Rimini Street reiterates 2026 revenue growth guidance of 4% to 6%

Company expects 2026 adjusted EBITDA margin of 12.5% to 15.5%

Result Drivers

PEOPLESOFT WIND-DOWN - Revenue growth was stronger excluding support services for Oracle’s PeopleSoft products, which are being wound down

INTERNATIONAL GROWTH - International revenue increased 8.3%, offsetting a 6.4% decline in U.S. revenue, mainly due to PeopleSoft support wind-down

CLIENT DEMAND AND NEW AGREEMENTS - Co cited continued demand for its core support business and announced new and expanded client agreements

Company press release: ID:nBwbt3FSGa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$105.47 mln
$102.72 mln (5 Analysts)
Q1 Net Income
$1.36 mln
Q1 Gross Profit
$62.27 mln
Q1 Operating Income
$4.80 mln
Q1 Pretax Profit
$2.31 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Rimini Street Inc is $6.00, about 77% above its April 29 closing price of $3.39

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)