Rimini Street, Inc. reported a revenue of $421.5 million for the fiscal year ending December 31, 2025, reflecting a 2% decrease from $428.8 million in 2024. The company achieved a net income of $37.1 million, a significant turnaround from a net loss of $36.3 million in the previous year. This improvement in profitability was attributed to a reduction in litigation costs and a decrease in operating expenses, which fell by 33.6% year-over-year. The company’s gross margin slightly declined to 60.4% from 60.9%, primarily due to a shift in revenue mix and a decrease in subscription revenue related to Oracle PeopleSoft products.
Rimini Street's operational metrics showed a stable client base, with over 3,100 active clients globally, including 78 Fortune 500 companies. The company has been focusing on expanding its service offerings, including the introduction of its Agentic AI ERP solutions, which aim to enhance enterprise software support through artificial intelligence. The company also reported a revenue retention rate of 88% for both 2025 and 2024, indicating consistent client loyalty despite the competitive landscape.
Strategically, Rimini Street is undergoing a significant transition as it winds down its support services for Oracle PeopleSoft products, a process mandated by a settlement agreement with Oracle that must be completed by July 31, 2028. This wind-down is expected to impact revenue, as services related to PeopleSoft accounted for approximately 5% of total revenue in 2025. The company is also investing in expanding its global footprint, with 54% of its revenue generated from international markets, particularly in Japan, which represented 12% of total revenue.
Looking ahead, Rimini Street aims to leverage its proprietary Rimini Smart Path methodology to enhance its service offerings and drive growth. The company plans to continue investing in marketing and sales efforts to attract new clients and expand its existing client relationships. Despite the challenges posed by the ongoing wind-down of PeopleSoft services and competitive pressures from enterprise software vendors, Rimini Street remains optimistic about its growth trajectory, particularly in the realm of AI-driven solutions. The company’s management believes that its subscription-based revenue model provides a solid foundation for future financial performance.
About Rimini Street, Inc.
Rimini Street, Inc. provides independent enterprise software support, products, and services for applications, databases, and technology platforms from vendors like Oracle, SAP, VMware, Salesforce, IBM, and Microsoft. Its offerings include support, managed services, security, interoperability, observability, and consulting, serving global clients across industries. The company emphasizes cost savings, high responsiveness, and support for complex hybrid IT environments, leveraging proprietary tools and AI to enhance client outcomes.
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