Rimini Street FY26 Q2 GAAP net income drops to $2.4 million; revenue rises 6.7% to $111.1 million
Reuters2026/07/30 20:11- Rimini Street posted fiscal Q2 2026 revenue of $111.1 million, up 6.7% year over year; operating income fell to $6.4 million.
- Net income dropped to $2.4 million, or $0.03 per diluted share, versus a prior-year quarter boosted by a litigation settlement benefit.
- Remaining performance obligations climbed 8% to $636.9 million; active clients rose 2.4% to 3,132, while the revenue retention rate held at 90%.
- Calculated billings declined 8.8% to $100.9 million; gross margin edged up 0.5 percentage points to 60.9%.
- It guided Q3 revenue to $110 million-$112 million, reiterating full-year growth of 4%-6% and adjusted EBITDA margin of 12.5%-15.5%.
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