Rimini Street, Inc. (RMNI) SEC Filings & Earnings Calls

Leadership change may introduce uncertainty; details not available in excerpt.

“Item 5.02 filing indicates departure of a director or principal officer.”

No material risk identified; executive change is a reinstatement with no financial impact.

Loss of senior revenue leader may impact sales execution in near term.

“CRO resigned to pursue another opportunity; no replacement named.”

Calculated Billings declined 8.8% YoY, indicating potential near-term revenue headwind.

“Calculated Billings was $100.9 million for the second quarter of 2026, a decrease of 8.8% compared to $110.6 million for the same period last year.” · word for word

U.S. revenue declined 1.6% YoY, though ex-PeopleSoft it grew 3.1%.

“U.S. revenue was $48.4 million for the second quarter of 2026, a decrease of 1.6% compared to $49.2 million for the same period last year.” · word for word

Prior-year litigation settlement benefit skews year-over-year comparisons of profitability.

“Comparisons of second quarter of 2026 operating income, net income and earnings per share are significantly impacted by a litigation settlement benefit recognized during the second quarter of 2025.” · word for word

PeopleSoft Wind-Down Execution Risk

“We are required to complete the Wind Down no later than July 31, 2028. Both the pace of revenue reduction and the final date that the Company will receive revenue from the discontinued services is unknown as of the date of this Report.” · word for word

Litigation and Oracle Settlement Risk

“Any uncured, material breach by us of our 2025 Settlement Agreement with Oracle could result in future adverse outcomes in litigation currently subject to a judicial stay and/or litigation standstill, which could have a material adverse effect on our business and financial results.” · word for word

Liquidity Risk from Working Capital Deficit

“As of June 30, 2026, the Company’s current liabilities exceeded its current assets by $50.0 million.” · word for word

PSU Performance Risk

“the Company's Adjusted EBITDA for the Performance Period was $49.8 million, resulting in an 'Adjusted EBITDA Performance Payout Factor' of 0%” · word for word

Stockholder Dilution Concern

“feedback received from certain stockholders reported to both the Board and the Compensation Committee regarding certain retention-based equity awards granted to our executive officers in late 2024 outside of our 2024 long-term (performance-based) incentive compensation plan and associated concerns surrounding stockholder dilution” · word for word

Say on Pay Support Decline

“86.2% of the votes cast in favor of our Say on Pay resolution” · word for word

Declining gross margin and operating income; net income down 59% YoY.

“Gross margin was 59.0% for the first quarter of 2026 compared to 61.0% for the same period last year.” · word for word

U.S. revenue decline of 6.4% YoY, partly due to PeopleSoft headwind.

“U.S. revenue was $46.9 million for the first quarter of 2026, a decrease of 6.4% compared to $50.1 million for the same period last year.” · word for word

Oracle PeopleSoft Wind-Down Execution Risk

“Our 2025 Settlement Agreement with Oracle requires us to complete the Wind Down of our provision of support and services for Oracle PeopleSoft software no later than July 31, 2028” · word for word

Competitive Pressure from Enterprise Software Vendors

“We face intense competition from enterprise software vendors, such as Oracle and SAP, who provide software support for their own products.” · word for word

Key Person Risk (CEO Health)

“Mr. Ravin has been under long-standing medical care for kidney disease, which includes ongoing treatment.” · word for word

No new debt or financial obligation created; amendment only modifies restricted payment covenants.

“Amendment does not increase borrowing or create new obligations; only changes permitted restricted payment thresholds.”

PeopleSoft wind-down continues to pressure reported revenue and ARR; core business growth is positive when adjusted.

“Revenue decreased 3.9% overall but only 0.4% excluding PeopleSoft; ARR decreased 0.8% but adjusted ARR increased 3.1%.”

Margin compression from investment in AI solutions and operational streamlining.

“Gross margin down 330bps YoY; operating income down from $14.9M to $5.0M; Adjusted EBITDA down from $20.0M to $11.5M.”

Oracle Litigation and Wind Down

“Our litigation with Oracle may continue to present challenges for maintaining and growing our business for the unforeseeable future.” · word for word

Competitive Pricing Pressure

“Competition could significantly impede our ability to sell our enterprise support, products and services on terms favorable to us, and we may need to decrease our prices to remain competitive.” · word for word

Oracle litigation settlement and wind-down

“the settlement agreement dated July 7, 2025 (the “Settlement Agreement”), among us, our President, Chief Executive Officer and Chairman of the Board, Mr. Seth Ravin, and Oracle Corporation (and certain affiliates) relating to the Rimini II litigation and the wind down of support services for Oracle PeopleSoft software products (the “Wind Down”)” · word for word

Ownership concentration

“two of our stockholders have aggregate voting power of approximately 37.9% of our outstanding capital stock” · word for word

PeopleSoft wind-down continues to pressure reported revenue and ARR; core business growth is positive when adjusted.

“Revenue decreased 1.2% overall but increased 2.5% excluding PeopleSoft; ARR decreased 2.6% but adjusted ARR increased 1.0%.”

Margin compression from investment in AI solutions and operational streamlining.

“Gross margin down 80bps YoY; Non-GAAP Operating Income down from $13.4M to $8.5M; Adjusted EBITDA down from $13.7M to $10.1M.”