Rimini Street (RMNI) to Announce Quarterly Earnings on Thursday

Rimini Street (NASDAQ:RMNI) is expected to release its Q2 2026 results after the market closes on Thursday, July 30th. Analysts expect the company to post earnings of $0.07 per share and revenue of $106.7220 million for the quarter. Individuals can check the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, July 30, 2026 at 5:00 PM ET.

Rimini Street (NASDAQ:RMNI) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). The business had revenue of $105.47 million during the quarter, compared to the consensus estimate of $102.71 million. Rimini Street had a negative return on equity of 24.30% and a net margin of 8.30%. On average, analysts expect Rimini Street to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rimini Street Trading Down 4.0%

Rimini Street stock opened at $4.35 on Thursday. Rimini Street has a 1-year low of $2.87 and a 1-year high of $4.93. The firm has a market capitalization of $402.64 million, a price-to-earnings ratio of 11.76 and a beta of 1.28. The firm has a 50 day simple moving average of $4.19 and a 200 day simple moving average of $3.74.

Insiders Place Their Bets

In other news, CFO Michael L. Perica sold 27,737 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $3.94, for a total transaction of $109,283.78. Following the completion of the transaction, the chief financial officer directly owned 157,863 shares in the company, valued at $621,980.22. The trade was a 14.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Seth A. Ravin sold 57,097 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $3.94, for a total transaction of $224,962.18. Following the completion of the transaction, the chief executive officer directly owned 882,900 shares in the company, valued at approximately $3,478,626. The trade was a 6.07% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 181,929 shares of company stock worth $718,133. Company insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Rimini Street

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its stake in Rimini Street by 58.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 37,191 shares of the company’s stock worth $144,000 after acquiring an additional 13,745 shares during the last quarter. Occudo Quantitative Strategies LP grew its holdings in shares of Rimini Street by 32.5% during the second quarter. Occudo Quantitative Strategies LP now owns 32,596 shares of the company’s stock worth $123,000 after purchasing an additional 7,998 shares in the last quarter. Jump Financial LLC bought a new position in shares of Rimini Street in the second quarter worth approximately $104,000. Walleye Capital LLC purchased a new stake in Rimini Street in the second quarter valued at approximately $143,000. Finally, Jane Street Group LLC raised its stake in Rimini Street by 120.2% in the first quarter. Jane Street Group LLC now owns 33,179 shares of the company’s stock valued at $115,000 after purchasing an additional 18,112 shares in the last quarter. 73.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on RMNI shares. Zacks Research upgraded Rimini Street from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. TD Cowen lifted their price target on Rimini Street from $4.00 to $4.50 and gave the company a “hold” rating in a research report on Monday, May 4th. Weiss Ratings cut Rimini Street from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Finally, Alliance Global Partners restated a “buy” rating on shares of Rimini Street in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.50.

Rimini Street Company Profile

Rimini Street, Inc (NASDAQ: RMNI) is a provider of enterprise software support services, specializing in third-party maintenance for mission-critical applications from leading technology vendors. The company offers comprehensive support for ERP, CRM and database environments, with coverage for systems from providers such as Oracle and SAP. Through its proactive system monitoring, performance tuning, regulatory and tax update services, Rimini Street aims to extend the lifecycle of enterprise applications while delivering service levels comparable to or exceeding those of original software vendors.

Founded in 2005 by technology entrepreneur Seth Ravin, Rimini Street has grown from a startup into a publicly traded company following its initial public offering in March 2018.