Rimini Street expects third quarter 2026 revenue in the range of $110 million to $112 million while reiterating its full-year 2026 outlook for revenue growth of 4% to 6% and adjusted EBITDA margins of 12.5% to 15.5%, consistent with its Rule of 20 guidance. The company reported second quarter revenue of $111.1 million, up 6.7% year-over-year, with gross margin of 60.9% and adjusted EBITDA of $10.5 million, or 9.5% of revenue. During the quarter, Rimini Street closed 14 new client transactions with over $1 million in total contract value, added 58 new logos, prepaid $10 million of debt to reduce outstanding debt to $48.4 million, and maintained a total cash balance of $123.4 million as of June 30, 2026. The company also launched Rimini Govern for AI, a new governance-as-a-service solution rounding out its end-to-end AI capabilities. Executives acknowledged some sales-force turnover and near-term cost balancing as they invest in go-to-market efforts and AI-led offerings.
Rimini Street IncCompany provides revenue guidance and reaffirms growth target, with strong Q2 results and debt reduction.
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