Rimini Street Q1 Earnings: Why UBS Raised Its Price Target

Forward-Looking Analysis

Rimini Street is poised to report Q1 2026 earnings with revenue projected to rise to $116.50 million, reflecting steady demand for its Oracle and SAP support services. Analysts at Goldman Sachs and UBS anticipate revenue growth of 6.1%, aligning with Rimini’s ongoing cloud migration strategy. On the bottom line, net income is forecasted to improve from $724,000 in Q4 2025 to approximately $1.20 million, translating to an EPS of $0.02 per share. UBS upgraded its price target to $10.00 from $8.00, citing improved cost management and growing client retention rates. Meanwhile, Goldman Sachs reaffirmed its "Buy" rating, emphasizing long-term growth potential in the enterprise support services market.

Historical Performance Review

In 2025Q4, Rimini Street reported revenue of $109.79 million, with a net income of $724.00 thousand and EPS of $0.01. The company’s gross profit stood at $66.28 million, indicating consistent operational efficiency and effective cost control measures in the prior quarter.

Additional News

Rimini Street recently announced the expansion of its Oracle Cloud Infrastructure support capabilities, aiming to capture a larger share of the growing hybrid cloud support market. The company also entered into a strategic partnership with a major European enterprise software provider, offering integrated support services across Oracle and SAP platforms. Furthermore, CEO Seth Ravin highlighted plans for increased R&D investment in Q2 to enhance automation in its support delivery model, in a recent investor call.

Summary & Outlook

Rimini Street appears to be in a strong financial position, with consistent revenue growth and improving profitability. The company’s cloud transition strategy is a key growth catalyst, supported by strong client retention and strategic partnerships. While the enterprise support market remains competitive, Rimini’s cost discipline and product expansion offer solid upside potential. The firm outlook is bullish, driven by rising revenue, expanding gross profit, and a positive EPS trajectory in the coming quarters.