Q2 2026 Rimini Street Inc Earnings Call Transcript

Jul 30, 2026 / 09:00 PM GMT

Release Date Price: €4.26 (-0.93%)

Transcript 8-K10-Q

Key Points

Positve

Rimini Street Inc (RMNI) delivered its fourth consecutive quarter of improved growth metrics, reiterating its Rule of 20 guidance for fiscal 2026.
Second quarter revenue grew 6.7% year-over-year, with adjusted revenue (excluding PeopleSoft) up 10%, and annualized recurring revenue (excluding PeopleSoft) increased 8.1%.
The company closed 14 new client transactions over $1 million in TCV, totaling $30 million, and added 58 new logos in the quarter, with strong demand for its AI solutions.
Gross margin improved to 60.9% (61.3% non-GAAP), exceeding the 60% target, and operating cash flow conversion reached 118% year-to-date.
Rimini Street Inc (RMNI) launched Rimini Govern for AI, expanding its end-to-end AI governance capabilities, and continues to see strong adoption of its agentic AI ERP solutions, with several clients moving to production.

Negative

Billings declined 8.8% year-over-year in Q2 (8% excluding PeopleSoft), impacted by timing differences in client renewals, though first-half billings grew 3.2%.
Non-GAAP sales and marketing expenses rose to 37.6% of revenue, up from 35.5% a year ago, due to investments in go-to-market for new offerings.
Adjusted EBITDA decreased to $10.5 million (9.5% of revenue) from $14 million (13.4%) in the prior year, reflecting higher costs.
The company experienced higher-than-desired sales rep turnover as it adjusts skill sets to focus on AI and innovation, which may impact near-term sales execution.
PeopleSoft support wind-down continues, with revenue declining to 3% of total revenue, and the company faces ongoing costs to support new product launches, pressuring margins.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RMNI.OQ - Rimini Street Inc
Q2 2026 Rimini Street Inc Earnings Call
Jul 30, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon ladies and gentlemen, and welcome to the Remini Street Q2 2026 earnings conference call at this timelines are in lesson only mode following the presentation.

We will conduct a question-and-answer session if at any time during this call you require immediate assistance, please press 0 for the operator.

This call is being recorded on Thursday, July 30th, 2026, and I would now like to turn the conference over to Dean Paul, VP treasurer and investor relation, please go ahead.

Thank you, operator, I'd like to welcome everyone to Ramini Street's fiscal second quarter.

2026 earned conference call.

Joining me today are Seth Raven, our CEO and President.

And Michael Perrea,

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