Rimini Street, a global provider of end-to-end enterprise software support, reported fourth quarter 2025 revenue of $109.8 million, a 3.9% decrease year-over-year. Net income for the quarter was $0.7 million, down from $6.7 million in the prior year. Despite the revenue decline, the company achieved a record $652.9 million in remaining performance obligations, an 11.1% increase from the prior year, and adjusted annualized recurring revenue grew by 3.1%.
Rimini Street, Inc. reported a revenue of $104.2 million for the three months ended March 31, 2025, a 2% decrease from the previous year. Despite the revenue decline, the company saw a significant increase in net income to $3.35 million and operating income to $9.361 million. The gross profit margin improved to 61.0%.
Rimini Street announced a revenue of $114.2 million for the fourth quarter of 2024, an increase of 1.9% year-over-year. The company reported a net income of $6.7 million and basic and diluted earnings per share of $0.07. Gross margin improved to 63.7% from 61.0% in the prior year.
Rimini Street reported a decrease in revenue and a net loss for the third quarter of 2024. Revenue was $104.7 million, a 2.6% decrease compared to the same period last year. The company experienced an operating loss of $49.6 million and a net loss of $43.1 million, compared to an operating income of $11.2 million and a net income of $6.8 million in the same period last year.
Rimini Street reported a decrease in revenue and a shift to an operating loss in Q2 2024. Revenue was $103.1 million, a 3.1% decrease year-over-year. The company incurred a net loss of $1.1 million, compared to a net income of $4.3 million in the same period last year. Reorganization costs impacted the financial results.
Rimini Street reported a slight increase in revenue for Q1 2024, with a modest rise in active clients. However, the company experienced a decrease in operating income and net income compared to the same period last year.
Rimini Street reported a revenue increase of 3.2% for the fourth quarter of 2023, reaching $112.1 million, and a net income of $9.4 million, a significant improvement from the net loss of $5.3 million in the same period last year. The annualized recurring revenue also saw a rise of 2.9%, amounting to $432.3 million. The company's operating income shifted from a loss to a profit, with $11.5 million for the quarter.
Rimini Street announced its Q3 2023 financial results, with revenue increasing by 5.4% year-over-year to $107.5 million. The company reported net income of $6.8 million, a significant improvement compared to the net loss of $0.4 million in the same period last year. Operating income also saw a substantial increase, reaching $11.2 million compared to $2.0 million in the previous year.
Rimini Street reported a 5.2% year-over-year increase in revenue, reaching $106.4 million. The company's net income significantly improved to $4.3 million, compared to $0.1 million in the prior year. The company maintained a strong balance sheet with net cash at quarter end of $64.7 million and repurchased $1.0 million of its outstanding common shares in the quarter at an average price of $4.09 per share.
Rimini Street announced its Q1 2023 financial results, with revenue increasing by 7.8% year-over-year to $105.5 million. The company reported a net income of $5.6 million, up 82.7% year-over-year. The company exceeded first quarter 2023 guidance.
Rimini Street reported a revenue increase of 9.4% year-over-year, reaching $108.6 million for the fourth quarter of 2022. The company's active clients increased by 6.0% year-over-year, totaling 3,020. The gross margin was 64.5% for the quarter, and the revenue retention rate was 92%.
Rimini Street reported a revenue of $101.9 million for Q3 2022, a 6.6% increase year over year. The revenue retention rate was 94%, up from 93% year over year. The company had 3,010 active clients, a 7.8% increase year over year.
Rimini Street reported record revenue of $101.2 million for the second quarter of 2022, a 10.5% increase compared to the same period last year. The company also achieved a record Revenue Retention Rate of 95% on subscription revenue and a gross margin greater than 63%.
Rimini Street announced fiscal first quarter 2022 financial results with a revenue of $97.9 million, up 11.4% year over year. The company reported a gross margin of 62.0%, up from 61.5% year over year. They ended the quarter with more than $158 million in cash, driven by strong first quarter operating cash flow of $45.8 million.
Rimini Street announced Q4 2021 financial results with a revenue of $99.3 million, up 13.0% year-over-year. The company reported net income of $70.1 million for the quarter and record cash of $119.6 million at year end. They are also issuing guidance for the first quarter and full year 2022 revenue and affirming their continued commitment to the long-term goals of increasing operating cash flow and growing earnings per share.
Rimini Street announced record Q3 revenue of $95.6 million, up 15.9% year over year, with a gross margin of 65.1%. The company also reported a Revenue Retention Rate of 93% and ended the quarter with over $103 million in cash.
Rimini Street announced strong Q2 2021 results, with revenue reaching $91.6 million, a 16.9% increase year-over-year. The company's billings grew by 44.4%, and the gross margin improved to over 62%. They also completed a $60 million buyback of Series A Preferred Stock and ended the quarter with over $110 million in cash.
Rimini Street announced fiscal first quarter 2021 financial results, featuring a 12.6% year-over-year revenue increase to $87.9 million, a gross margin of 61.5%, and a 24.2% increase in quarterly billings. The company also reported a record active client count of 2,550, up 22.8% year over year, and record cash of $153 million.
Rimini Street announced strong Q4 2020 results with a 15.4% increase in revenue year-over-year, reaching $87.8 million. The company also achieved net income of $3.7 million, a significant improvement from the net loss in the same period last year. The company highlighted its execution against its strategic growth plan and investments in support solutions.
Rimini Street announced fiscal third quarter 2020 financial results with quarterly revenue of $82.5 million, up 19.3% year over year, and quarterly calculated billings of $68.3 million, up 33.3% year over year.
Rimini Street reported a revenue of $78.4 million, a 12.2% increase year-over-year. The company's gross margin was 61.2%. They had 2,159 active clients, up 13.9% year over year.
Rimini Street reported a revenue of $78.0 million, up 18.5% year over year. The company generated $26.3 million of operating cash flow and net income for the quarter. They also expanded sales capabilities.
Rimini Street reported an 11.7% increase in Q4 revenue year-over-year, reaching $76.1 million. The company's active clients increased by 14.5% to 2,063. However, gross margin decreased to 60.2% compared to the previous year. The company is providing Q1 2020 revenue guidance to be in the range of $76 million to $78 million, and for full year 2020 revenue guidance to be in the range of $310 million to $320 million.