RMNI earnings analysis
What we found in RMNI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Rimini Street reported a revenue increase of 1.2% year-over-year for Q1 2026, with total revenue reaching $105.5 million. The gross margin declined from 61% to 59%, impacting overall profitability with net income dropping to $1.4 million, a marked decrease of 59.4% compared to the previous year. Management highlights growth in international markets despite headwinds from their ongoing Wind Down of Oracle PeopleSoft support programs, and credit facility compliance remains stable.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth Continues
- Total revenue increased 1.2% YoY from $104.2M to $105.5M in Q1 2026.
- Gross Margin Declines
- Gross margin declined from 61% to 59% due to rising costs associated with engineering and administrative expenses.
- Net Income Decreases
- Net income fell to $1.4M from $3.4M, reflecting a 59.4% decrease compared to the prior year's quarter.
- International Revenue Increases
- International revenue grew 8% YoY, from $54.1M to $58.6M, while US revenue fell 6% to $46.9M.
- Cash Position Remains Strong
- As of March 31, 2026, cash and equivalents totaled $133.3M, providing a solid liquidity base.
- Stable Client Growth
- Active clients increased from 3,092 to 3,130 over the past year, indicating continued market demand.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Revenue Risk from Wind Down of PeopleSoft Services
- Services related to Oracle PeopleSoft accounted for 3% of revenue in Q1 2026, down from 7% in Q1 2025, affecting future revenue.
- Declining US Revenue
- US revenue decreased by $3.2M or 6% YoY, indicating potential market share loss domestically.
- Increased Operating Expenses
- Sales and marketing costs rose by 12.8%, which could strain future profitability despite revenue growth.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.36
- Gross margin
- 59.0%
- Operating margin
- 4.5%
- Segment
- US: $46.9M
- Segment
- International: $58.6M
What they said about what is next.
Outlook for revenue and profitability remains cautious due to ongoing Wind Down and economic uncertainties.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 19, 2026
- Rimini Street generated $421.5 million of revenue in FY2025 (down 2% from $428.8M in 2024) and returned to profitability with net income of $37.1 million for the year. The company is expanding beyond third-party support…
- 10-Q · October 30, 2024
- Rimini Street reported revenue of $104.672 million for the three months ended September 30, 2024, roughly in line with the prior year but recorded a large litigation-related charge that drove an operating loss of…
- 10-Q · July 31, 2024
- Rimini Street reported revenue of $103,123,000 for Q2 2024, down from $106,421,000 in Q2 2023, while posting an operating loss of $775,000 and diluted loss per share of $(0.01). Liquidity remains a focal point: cash,…
- 10-Q · May 2, 2024
- Rimini Street reported quarterly revenue of $106.745M (three months ended March 31, 2024), up modestly from $105.512M a year ago, while profitability compressed: operating income fell to $3.363M from $10.685M and…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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