Rimini Street Announces Fiscal Second Quarter 2026 Financial and Operating Results

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Webcast and Conference Call Information

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The Company will host a conference call and webcast to discuss the second quarter of 2026 results and offer commentary on full year 2026 at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time on July 30, 2026. A live webcast of the event will be available on Rimini Street’s Investor Relations site at Rimini Street IR events link and directly via the webcast link. Dial-in participants can access the conference call by dialing 1-800-836-8184. A replay of the webcast will be available for one year following the event.

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Company’s Use of Non-GAAP Financial Measures

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This press release contains certain “non-GAAP financial measures.” Non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles. This non-GAAP information supplements and is not intended to represent a measure of performance in accordance with disclosures required by U.S. generally accepted accounting principles, or GAAP. Non-GAAP financial measures should be considered in addition to, and not as a substitute for or superior to, financial measures determined in accordance with GAAP.

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Reconciliations of the non-GAAP financial measures included in this press release and described below to their most directly comparable GAAP financial measures are provided in the financial tables included at the end of this press release. An explanation of these measures, why we believe they are meaningful and how they are calculated is also included under the heading “About Non-GAAP Financial Measures and Certain Key Metrics.”

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About Rimini Street, Inc.

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Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a proven, trusted global provider of end-to-end, mission-critical enterprise software support, managed services and innovative Agentic AI ERP solutions, and is the leading third-party support provider for Oracle, SAP and VMware software. The Company has signed thousands of IT service contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who have leveraged the Rimini Smart Path™ methodology to achieve better operational outcomes, billions of US dollars in savings and fund AI and other innovation.

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To learn more, please visit www.riministreet.com, and connect with Rimini Street on X, Facebook, Instagram, and LinkedIn.

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Forward-Looking Statements

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Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “anticipate,” “assume,” “believe,” “budget,” “continue,” “could,” “currently,” “estimate,” “expect,” “forecast,” “future,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “goal,” “potential,” “predict,” “project,” “reflect,” “results,” “seem,” “seek,” “should,” “will,” “would” and other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to our ability to attract new clients or retain and/or sell additional products or services to existing clients; our ability to achieve and maintain an adequate rate of revenue growth; cost of revenue, including changes in costs associated with our efforts to grow and the results of any efforts to manage costs to align with current revenue expectations and the expansion of our offerings; the effects of increased intense competition in our industry and our ability to compete effectively; our ability to successfully educate the market regarding the advantages of our support and managed services for ERP software and to sell the products and services comprising our “Rimini Smart Path™” solutions portfolio, including but not limited to our Agentic AI ERP solutions; our intentions with respect to our pricing model and expectations of client savings relative to use of other providers; the evolution of the ERP software management and support landscape facing our clients and prospects; estimates of our total addressable market; the effects of seasonal trends on our results of operations, including the contract renewal cycles for vendor-supplied software support and managed services; the effects of the efforts of enterprise software vendors to sell upgrades or migrations to cloud-based versions of their enterprise software on our results of operations; our ability to scale our operations quickly enough to meet our clients’ changing needs or decrease our costs adequately in response to changing client demand; risks arising from incorporating artificial intelligence (“AI”) technologies into our products or services or any deficiencies associated with AI technologies used by us or by our third-party vendors and service providers; our ability to maintain, protect, and enhance our brand; the loss of one or more members of our management team and our ability to attract and retain additional qualified technical, sales and marketing personnel; our ability to expand our marketing and sales capabilities; our ability to avoid interruptions to, or degraded performance of, our services and the impact of any such interruptions or performance problems on our operations; our ability to defend against cybersecurity threats and to comply with data protection and privacy regulations; our expectations regarding new product offerings, innovation solutions, partnerships and alliance programs and our ability to develop and maintain strategic partnerships; our ability to expand internationally and the risks associated with global operations; our wind down of support services for Oracle’s PeopleSoft software products and the impact on future period revenue and costs incurred related to these efforts; the continuing impact of and our ability to comply with the terms of our July 2025 settlement agreement with Oracle; the impact of macro-economic trends, including inflation and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; our ability to generate significant capital through our operations or to raise additional capital necessary to fund and expand our operations and invest in new services and products; our business plan and our ability to effectively secure and manage our growth and associated investments; risks relating to retention rates, including our ability to accurately predict retention rates; our ability to protect our intellectual property; our ability to maintain an effective system of internal control over financial reporting; changes in laws or regulations, including tax laws or unfavorable outcomes of tax positions we take; tariff costs; our ability to realize benefits from our net operating losses; any negative impact of environmental, social and governance (“ESG”) matters on our reputation or business and the exposure of our business to additional costs or risks from our reporting on such matters; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the volatility of our stock price; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; our ability to maintain our good standing with the United States and international governments and capture new contracts with public sector entities; the occurrence of catastrophic events that may disrupt our business or that of our current and prospective clients; future acquisitions of, or investments in, complementary companies, products, subscriptions or technologies; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on July 30, 2026, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the U.S. Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

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© 2026 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

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RIMINI STREET, INC.

Unaudited Condensed Consolidated Balance Sheets

(In thousands, except per share amounts)

ASSETS

June 30,
2026

December 31,
2025

Current assets:

Cash and cash equivalents

$

123,441

$

119,974

Restricted cash, current

342

341

Accounts receivable, net of allowance of $1,802 and $1,443, respectively

91,760

136,866

Deferred contract costs, current

17,579

17,734

Prepaid expenses and other

29,141

25,447

Total current assets

262,263

300,362

Long-term assets:

Restricted cash, noncurrent

784

785

Property and equipment, net of accumulated depreciation and amortization of $24,606 and $23,822, respectively

9,615

10,239

Operating lease right-of-use assets

19,695

21,371

Deferred contract costs, noncurrent

24,064

24,436

Deposits and other

8,717

8,379

Deferred income taxes, net

59,114

57,540

Total assets

$

384,252

$

423,112

LIABILITIES, REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT

Current liabilities:

Current maturities of long-term debt

$

$

4,031

Accounts payable

4,577

5,752

Accrued compensation, benefits and commissions

36,851

39,609

Other accrued liabilities

23,466

24,307

Operating lease liabilities, current

4,355

4,984

Deferred revenue, current

243,059

268,717

Total current liabilities

312,308

347,400

Long-term liabilities:

Long-term debt, net of current maturities

46,575

63,156

Deferred revenue, noncurrent

24,072

18,824

Operating lease liabilities, noncurrent

16,600

18,843

Other long-term liabilities

1,365

1,918

Total liabilities

400,920

450,141

Stockholders’ deficit:

Preferred Stock, $0.0001 par value per share. Authorized 99,820 shares (excluding 180 shares of Series A Preferred Stock); no other series has been designated

Common Stock, $0.0001 par value. Authorized 1,000,000 shares; issued and outstanding 93,336 and 91,603 shares, respectively

9

9

Additional paid-in capital

186,907

181,075

Accumulated other comprehensive loss

(4,843

)

(5,613

)

Accumulated deficit

(197,625

)

(201,384

)

Treasury stock, at cost, 137 and 137 shares, respectively

(1,116

)

(1,116

)

Total stockholders’ deficit

(16,668

)

(27,029

)

Total liabilities and stockholders’ deficit

$

384,252

$

423,112

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RIMINI STREET, INC.

Unaudited Condensed Consolidated Statements of Operations

(In thousands, except per share amounts)

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Revenue

$

111,075

$

104,114

$

216,548

$

208,318

Cost of revenue

43,378

41,261

86,586

81,931

Gross profit

67,697

62,853

129,962

126,387

Operating expenses:

Sales and marketing

42,743

38,020

81,379

72,275

General and administrative

17,301

16,845

35,151

34,376

Research and development

1,114

1,685

Reorganization costs

166

722

573

1,184

Litigation costs and related recoveries:

Litigation settlement

(36,196

)

(36,196

)

Professional fees and other costs of litigation

2,264

4,189

Litigation costs and related recoveries, net

(33,932

)

(32,007

)

Total operating expenses

61,324

21,655

118,788

75,828

Operating income

6,373

41,198

11,174

50,559

Non-operating income and (expenses):

Interest expense

(1,130

)

(1,629

)

(2,381

)

(3,304

)

Other income (expenses), net

(284

)

1,232

(1,524

)

1,155

Income before income taxes

4,959

40,801

7,269

48,410

Income taxes

(2,561

)

(10,543

)

(3,510

)

(14,802

)

Net income

$

2,398

$

30,258

$

3,759

$

33,608

Net income per share attributable to common stockholders:

Basic

$

0.03

$

0.33

$

0.04

$

0.37

Diluted

$

0.03

$

0.32

$

0.04

$

0.36

Weighted average number of shares of Common Stock outstanding:

Basic

92,931

92,127

92,364

91,686

Diluted

94,833

94,120

94,398

93,752

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RIMINI STREET, INC.

GAAP to Non-GAAP Reconciliations

(In thousands)

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Non-GAAP operating income reconciliation:

Operating income

$

6,373

$

41,198

$

11,174

$

50,559

Non-GAAP adjustments:

Litigation costs and related recoveries, net

(33,932

)

(32,007

)

Stock-based compensation expense

2,660

2,873

5,321

5,575

Reorganization costs

166

722

573

1,184

Non-GAAP operating income

$

9,199

$

10,861

$

17,068

$

25,311

Non-GAAP net income reconciliation:

Income before income taxes

$

4,959

$

40,801

$

7,269

$

48,410

Non-GAAP adjustments:

Litigation costs and related recoveries, net

(33,932

)

(32,007

)

Stock-based compensation expense

2,660

2,873

5,321

5,575

Reorganization costs

166

722

573

1,184

Non-GAAP income taxes

(1,904

)

(2,626

)

(3,233

)

(5,814

)

Non-GAAP net income

$

5,881

$

7,838

$

9,930

$

17,348

Non-GAAP Adjusted EBITDA reconciliation:

Net income

$

2,398

$

30,258

$

3,759

$

33,608

Non-GAAP adjustments:

Interest expense

1,130

1,629

2,381

3,304

Income taxes

2,561

10,543

3,510

14,802

Depreciation and amortization expense

1,004

858

1,999

1,789

EBITDA

7,093

43,288

11,649

53,503

Non-GAAP adjustments:

Litigation costs and related recoveries, net

(33,932

)

(32,007

)

Stock-based compensation expense

2,660

2,873

5,321

5,575

Reorganization costs

166

722

573

1,184

Unrealized foreign exchange losses

612

1,029

1,893

1,429

Adjusted EBITDA

$

10,531

$

13,980

$

19,436

$

29,684

Calculated Billings:

Revenue

$

111,075

$

104,114

$

216,548

$

208,318

Deferred revenue, current and noncurrent, end of the period

267,131

262,945

267,131

262,945

Deferred revenue, current and noncurrent, beginning of the period

277,329

256,423

287,541

281,197

Change in deferred revenue

(10,198

)

6,522

(20,410

)

(18,252

)

Calculated billings

100,877

110,636

196,138

190,066

Less PeopleSoft calculated billings

(1,573

)

(2,724

)

(4,636

)

(7,150

)

Adjusted calculated billings

$

99,304

$

107,912

$

191,502

$

182,916

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