Rimini Street Reports Q2 Earnings with Revenue Growth Amid Strategic Shifts
On July 30, 2026, Rimini Street (RMNI) reported second-quarter results showing revenue of $111.1 million, a year-over-year increase of 6.7%. Adjusted ARR reached $401.1 million, up 8.1%, and the company maintained strong service subscription retention at 90%. However, billings for Q2 declined by 8.8% due to timing differences in client renewals. The firm highlighted a strategic shift away from PeopleSoft support services, which now account for only 3% of total revenue compared to 6% the previous year and are scheduled to be fully phased out by July 2028. Rimini Street also reported $10 million voluntary debt prepayment during the quarter, reducing outstanding debt to $48.4 million. Looking ahead, management reiterated full-year guidance for a revenue growth of 4%–6%, with Q3 expected between $110 million and $112 million.
Tickers: $RMNI
Topics: adjusted_revenue arr billings cash_balance gross_margin net_income revenue