Rimini Street Reports Q3 2025 Financial Results and Announces Continued Client Growth and Strategic Partnerships
Rimini Street, Inc. a global provider of end-to-end enterprise software support, managed services, and Agentic AI ERP innovation solutions—and the leading third-party support provider for Oracle, SAP, and VMware software—announced its financial and operating results for the fiscal third quarter ended September 30, 2025.
Financial Highlights
For the third quarter of 2025, Rimini Street reported total revenue of $103.4 million, a modest 1.2% decline compared to $104.7 million in the same period last year. However, excluding the planned wind-down of support for Oracle’s PeopleSoft products, revenue increased by 2.5%, reflecting underlying business strength.
Revenue from the U.S. market reached $46.3 million, a 10.3% decrease from last year. Excluding PeopleSoft-related wind-downs, U.S. revenue declined by 4.4%. In contrast, international revenue climbed 7.7% to $57.2 million, driven by growth across Asia-Pacific and Europe. Adjusted for PeopleSoft, international revenue rose 8.6% year-over-year.
Subscription revenue accounted for 94.5% of total revenue, totaling $97.8 million, slightly below last year’s $100.4 million. Annualized Recurring Revenue (ARR) was $391.0 million, down 2.6% from $401.5 million in 2024, but excluding the PeopleSoft wind-down, ARR rose 1.0% to $373.7 million.
The company reported 3,155 active clients, up 1.9% from 3,097 a year earlier, and maintained a revenue retention rate of 89%, consistent with the previous year.
Calculated billings rose 2.0% year-over-year to $66.5 million, and adjusted calculated billings—excluding PeopleSoft—grew 6.7% to $63.9 million. Rimini Street’s remaining performance obligations (RPO) reached a record $611.2 million, up 6.4% from last year. Adjusted RPO grew 9.3% to $599.0 million, underscoring strong forward revenue visibility.
Gross margin was 59.9%, slightly below last year’s 60.7%. Operating income, however, improved sharply to $4.4 million, reversing a $49.6 million operating loss from the same period in 2024. On a non-GAAP basis, operating income was $8.5 million, compared to $13.4 million last year.
The company achieved net income of $2.8 million, a significant turnaround from a $43.1 million loss in Q3 2024. Non-GAAP net income was $6.9 million, compared to $19.9 million last year. Adjusted EBITDA totaled $10.1 million, versus $13.7 million in the prior year. Earnings per share were $0.03, compared to a loss per share of $(0.47) in 2024.
Rimini Street ended the quarter with $108.7 million in cash and equivalents, down from $119.5 million a year earlier. During the quarter, the company repurchased 0.9 million shares of common stock for $3.8 million at an average price of $4.23 per share. It also repaid the remaining $10 million balance on its revolving credit line, leaving $70.3 million outstanding under its term loan.
Operational Achievements
The third quarter saw notable client wins and expansions, underscoring Rimini Street’s growing role as a trusted IT partner.
- KBS, Korea’s public broadcasting network, selected Rimini Support™ for SAP ECC 6.0, using cost savings to accelerate its AI-driven transformation.
- Idemitsu Kosan, one of Japan’s leading petroleum manufacturers, partnered with Rimini Street to enhance long-term IT strategies on its SAP ECC 6.0 platform.
- Suntory, a global beverage and food leader, expanded its relationship with Rimini Street, choosing Rimini Consult™ to develop a customer engagement platform built on Oracle systems.
Rimini Street also achieved significant progress in the public sector, joining the U.S. General Services Administration (GSA) Multiple Award Schedule as an approved supplier for Oracle, SAP, and VMware support services. This enables federal, state, and local governments to procure Rimini’s services directly.
Additionally, the company formed a strategic partnership with American Digital, an IT solutions provider specializing in HPE-based infrastructure. The collaboration offers clients an end-to-end stack of support, managed services, and modernization capabilities, helping organizations transition to AI and workflow automation—without vendor-forced ERP upgrades.
Another milestone was surpassing 100 VMware support contracts signed globally, demonstrating the growing demand for Rimini Support™ for VMware. Clients benefit from extended license life, advanced hypervisor security, and premium service.
Throughout Q3 2025, Rimini Street closed over 6,500 support cases and delivered 4,500 tax, legal, and regulatory updates across 28 countries. Client satisfaction remained exceptional, with an average rating of 4.9 out of 5.0 for support and onboarding services.
Outlook and Upcoming Events
Rimini Street will present its forward-looking guidance and strategic roadmap at its Analyst and Investor Day on December 3, 2025. The event will highlight the company’s market opportunities, product innovations, and long-term growth strategies. It will be accessible via live webcast, with a replay available for one year on the company’s investor website.
A conference call and webcast discussing Q3 2025 results will be held on October 30, 2025, at 5:00 p.m. ET / 2:00 p.m. PT. Interested participants can join through Rimini Street’s Investor Relations portal or by dialing 1-800-836-8184.
About Non-GAAP Financial Measures
Rimini Street’s results include non-GAAP financial measures, such as non-GAAP net income and adjusted EBITDA, which are not calculated under U.S. GAAP. These measures provide supplemental insights into operational performance and are reconciled to their most comparable GAAP metrics in the accompanying financial tables on the company’s website.
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