Rimini Street, Inc. ($RMNI) reported second-quarter 2026 revenue of $111.1 million, up 6.7% from a year earlier and above the consensus estimate of $108.9 million. Gross profit rose 7.7% to $67.7 million, showing continued top-line growth and stable margin contribution.
Profitability was much weaker than a year ago, however. Operating profit fell 84.5% to $6.4 million, while net income attributable to common shareholders dropped 92.1% to $2.4 million. Diluted earnings per share came in at $0.03, down sharply year over year.
Cash flow also softened in the quarter, with operating cash flow at -$1.6 million. Capital spending remained limited at $0.7 million, and the company ended the period with $123.8 million in cash and cash equivalents, up 22.2% from a year ago.
- Revenue: $111.1 million
- Gross profit: $67.7 million
- Operating profit: $6.4 million
- Net income: $2.4 million
- Cash and cash equivalents: $123.8 million
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Rimini Street, Inc. Insider Trading Activity
Rimini Street, Inc. insiders have traded $RMNI stock on the open market 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 have been sales.
Here’s a breakdown of recent trading of $RMNI stock by insiders over the last 6 months:
- MICHAEL L. PERICA (EVP & Chief Financial Officer) has made 0 purchases and 4 sales selling 79,265 shares for an estimated $307,289.
- SETH A. RAVIN (President, CEO & Chairman) has made 0 purchases and 3 sales selling 55,165 shares for an estimated $201,188.
- STEVEN HERSHKOWITZ (EVP & Chief Revenue Officer) has made 0 purchases and 3 sales selling 30,077 shares for an estimated $115,325.
- DAVID W. ROWE (EVP & Chief Marketing Officer) has made 0 purchases and 4 sales selling 10,166 shares for an estimated $37,224.
- KEVIN MADDOCK (EVP,ChiefRecurringRev.Officer) has made 0 purchases and 3 sales selling 10,018 shares for an estimated $36,706.
- NANCY LYSKAWA (EVP & Chief Client Officer) has made 0 purchases and 3 sales selling 7,685 shares for an estimated $28,173.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Rimini Street, Inc. Hedge Fund Activity
We have seen 46 institutional investors add shares of Rimini Street, Inc. stock to their portfolio, and 50 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- IMMERSION CORP added 1,566,629 shares (+297.6%) to their portfolio in Q1 2026, for an estimated $5,138,543
- HERALD INVESTMENT MANAGEMENT LTD removed 650,000 shares (-65.0%) from their portfolio in Q2 2026, for an estimated $2,769,000
- MANATUCK HILL PARTNERS, LLC removed 639,115 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,096,297
- MINK BROOK ASSET MANAGEMENT LLC added 620,089 shares (+47.7%) to their portfolio in Q1 2026, for an estimated $2,033,891
- CAPTION MANAGEMENT, LLC removed 527,860 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $1,731,380
- SAMJO MANAGEMENT, LLC added 443,600 shares (+36.7%) to their portfolio in Q1 2026, for an estimated $1,455,008
- BOSTON PARTNERS removed 426,074 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $1,397,522
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Rimini Street, Inc. Government Contracts
We have seen $143,152 of award payments to $RMNI over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
- RIMINI STREET VMWARE MAINTENANCE SUPPORT: $143,152
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.
