Rimini Street Reports Strong Q3 2026 Results Driven by SAP Services Growth
Rimini Street (RMNI) delivered robust third-quarter results for fiscal 2026, reporting revenue of $112.1 million, an 8.3% increase year-over-year. The growth was primarily fueled by record sales in SAP software services and a significant rise in international revenue, which grew 11.6%. Subscription revenue now accounts for nearly 94% of the company's total revenue stream. The company demonstrated improved operational efficiency, with gross margins expanding to 61.4% and adjusted EBITDA rising to $15.1 million (13.5% of revenue). Management also focused on capital allocation, completing $5 million in stock repurchases and reducing debt through $5 million in prepayments. Looking ahead, the company issued Q4 revenue guidance between $117 million and $119 million.
Topics: financial guidance gross margin expansion revenue growth subscription revenue