earnings
confidence high
sentiment neutral
materiality 0.65
Rimini Street Q1 revenue $104.2M (-2.4% YoY), net income rises to $3.4M; suspends guidance due to Oracle litigation
Rimini Street, Inc.
2025-Q1 EPS reported
$0.04
revenue$104,204,000
- Net income $3.4M (diluted EPS $0.04) vs $1.3M ($0.01) a year ago; Adjusted EBITDA $15.3M vs $10.7M.
- Revenue declined 2.4% to $104.2M; international revenue up 2.2% to $54.1M, US down 6.9% to $50.1M.
- Gross margin improved to 61.0% from 59.8%; billings grew 7.2% to $79.4M.
- Annualized Recurring Revenue fell 4.7% to $396.2M; Revenue Retention Rate 88% vs 89% a year ago.
- Guidance suspended due to ongoing litigation with Oracle; cash $122.6M at quarter end.