Rimini Street’s Q4 RPO Hits $653M as AI ERP Deals Reach $58.1M
Rimini Street reported Q4 revenue of $109.8 million with 60.4% gross margin as remaining performance obligations reached a record $653 million. The company booked 19 deals over $1 million totaling $58.1 million and rolled out 20 Agentic AI ERP solutions with ServiceNow partnerships claiming up to 90% cost cuts.
1. Q4 Financial Performance
Rimini Street posted Q4 revenue of $109.8 million, down 3.9% year-over-year, with gross margin at 60.4% and adjusted EBITDA of 10.4% of revenue. The quarter ended with a strengthened cash balance and remaining performance obligations reaching a record $653 million.
2. Sales Momentum and Contract Wins
The company secured 73 new logos and 19 transactions over $1 million totaling $58.1 million, compared with 22 deals worth $51.9 million in the prior-year quarter. Q4 billings of $171.3 million remained flat year-over-year, underpinning confidence in a growth rebound.
3. Agentic AI ERP Launch and Partnerships
Rimini Street launched 20 Agentic AI ERP solutions in partnership with ServiceNow, overlaying AI capabilities on existing Oracle and SAP systems without requiring migrations. Early deployments reported up to 90% operating cost reductions, 50%–60% faster approvals, 70%–80% shorter order cycles, and over 95% data accuracy.