Rimini Street Q4 Revenue $109.8M, Books 19 Deals Over $1M, Launches 20 AI ERP Solutions
Rimini Street posted Q4 revenue of $109.8M, down 3.9% year-over-year, with adjusted EBITDA of $11.5M (10.4% margin) and cash rising to $120M. It secured 19 deals over $1M totalling $58.1M, recorded a $653M RPO and launched 20 Agentic AI ERP solutions via its ServiceNow partnership.
1. Q4 Financial Performance
Rimini Street reported fourth-quarter revenue of $109.8 million, a 3.9% decline year-over-year, driven by the ongoing wind-down of Oracle PeopleSoft support. Adjusted EBITDA was $11.5 million (10.4% of revenue), gross margin stood at 60.4%, and cash on hand increased to $120 million, up from $88.8 million a year earlier.
2. Sales Momentum and RPO
Management highlighted 73 new customer logos and 19 transactions over $1 million in total contract value, totaling $58.1 million versus $51.9 million in the prior-year period. Remaining performance obligations reached a record $653 million, bolstering confidence in returning to growth, while annualized recurring revenue was $411.4 million, down 0.8% year-over-year.
3. AI Solutions Launch and Partnership
The company introduced 20 Agentic AI ERP solutions developed with ServiceNow to overlay existing Oracle, SAP and other ERP systems without migrations. Early deployments have reported up to 90% operating-cost reductions, faster approvals and improved data accuracy. Rimini reaffirmed 2026 targets of 4–6% revenue growth and 12.5–15.5% adjusted EBITDA margins.