Rimini Street Q3 revenue down 1.2%, misses estimates

Rimini Street

30/10/2025 20:24

Overview

Enterprise software support firm Rimini Street's Q3 revenue decreased 1.2% yr/yr, missing analysts' expectations

Net income for Q3 was $2.8 mln, compared to a net loss last year

Company repurchased 0.9 mln shares for $3.8 mln during Q3 2025

Outlook

Company plans to provide guidance at Analyst and Investor Day on December 3, 2025

Result Drivers

PEOPLESOFT WIND DOWN - Revenue decline attributed to wind down of support services for Oracle's PeopleSoft products

INTERNATIONAL GROWTH - International revenue increased 7.7%, driven by new client acquisitions and expansions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$103.43 mln
$104 mln (4 Analysts)
Q3 Net Income
$2.77 mln
Q3 Gross Profit
$61.94 mln
Q3 Operating Income
$4.39 mln
Q3 Pretax Profit
$3.47 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 $6.50, about 29.4% above its October 29 closing price of $4.59

Press Release: ID:nBw6Lblbga

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(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.)