Rimini Street, Inc. · NASDAQ:RMNI
Rimini Street — Q4 2025 Earnings Presentation
40 slides from Rimini Street's earnings presentation, Feb 19, 2026
Slide 1: Investor Presentation
Investor Presentation Period ending Q4 – December 31, 2025 Property of Rimini Street ©2026 | Proprietary and Confidential 1
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER © 2026 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. vendors and service providers; our ability to maintain, protect, and enhance our brand; the continuing in the United States and other countries, and Rimini Street, the Ri
Slide 3: Company Overview
Company Overview Property of Rimini Street ©2026 3
Slide 4: Senior Executive Team
Senior Executive Team Seth Ravin Michael L. Perica Steve Hershkowitz Nancy Lyskawa David Rowe CEO, President and EVP and Chief Financial Officer Chief Revenue Officer EVP and Chief Client Officer Chief Product Officer, Chief Marketing Chairman of the Board Officer and EVP, Global Transformation Joe
Slide 5: Company Snapshot
Company Snapshot Rimini Street is a global provider of end-to-end enterprise software support, Fiscal Year ended products and services December 31, 2025 Global Platform Revenue Growth Profile TMT 23% Services Founded: 2005 Public: Nasdaq: RMNI 18% 12% Global Headquarters: Las Vegas, NV USA Revenue P
Slide 6: Rimini Street Success Based on Client Success
Rimini Street Success Based on Client Success Rimini Street achieves an average client satisfaction rating on support cases of 4.9/5.0 (5.0 is “excellent”) Our mission is to provide extraordinary technology solutions powered by extraordinary people that achieve each client’s strategic, operational,
Slide 7: Rimini Street Solutions Portfolio
Rimini Street Solutions Portfolio End-to-End Outsourcing Solution for Enterprise Software Property of Rimini Street ©2026 | Proprietary and confidential 7
Slide 8: Expanded TAM
Expanded TAM • Access to $65B Support market beyond Oracle and SAP via +$65B +$272B +++ expanded software product coverage and Rimini Custom • Example: SUPPORT OPTIMIZE INNOVATE • Additional significant Agentic AI ERP incremental Support Support Opportunity Optimize Solutions Beyond $15B TAM for Exp
Slide 9: Why Rimini Street Wins
Why Rimini Street Wins Unique solutions with strong technology processes, know how, scale and leading global market position Primary Competitors Software Support & Maintenance: • Global scale servicing some of the largest systems in the world • Substantial cost savings, ROI and value compared to sof
Slide 10: Rimini Smart Path Transformation without Disruption
Rimini Smart Path Transformation without Disruption Property of Rimini Street ©2026 10
Slide 11: The Rimini Smart Path
The Rimini Smart Path Innovation within Your Existing Budget “Easy as 1-2-3” 1 2 3 SUPPORT OPTIMIZE INNOVATE Save People, Time and Money Simplify, Streamline and Save More Fund Transformation without Disruption Replace your ERP and other software vendor support Run, secure, continuously improve and
Slide 12: Rimini Street Solution: Self-Funded Innovation
Rimini Street Solution: Self-Funded Innovation Rimini Smart Path Methodology: Save on Support, Self-Fund Innovation Within Existing Budget Today Tomorrow 91% 60% RUN THE RUN THE ENTERPRISE ENTERPRISE THE THE BUDGET BUDGET CHALLENGE OPPORTUNITY TRANSFORM & 9% 40% TRANSFORM & INNOVATE THE INNOVATE THE
Slide 13: The Future is Already Here
The Future is Already Here Real-time insights, hyper-automation, easy composability with all the compliance and security your business needs Real-time Predictive Insights Intelligent Enterprise Operations Predictive analytics for predictive Self-optimizing operations through business management mach
Slide 14: Support | Surrounded by Service
Support | Surrounded by Service Human-first expertise empowered by AI support intelligence and automation GLOBAL SUPPORT TEAM PROFESSIONAL SERVICES ONBOARDING CLIENT SUCCESS TEAM | UTC | TEAM INTEROPERABILITY | | +12:00 | | PERFORMANCE | | | | TUNING P O R T AN D AM S SECURITY | M OF SUP ENG | INTEG
Slide 15: Rimini Street Applied AI Digital Solution Blueprints
Rimini Steet Applied AI Digital Solution Blueprints Rimini Street is working with clients to Intelligent develop AI Digital Solution Blueprints Supply Chain across all major business processes Employee Experience Adaptive Procurement ▪ Center of Excellence Domain Architects create tailored solutions
Slide 16: Positioned for Leadership in Delivering Agentic AI ERP
Positioned for Leadership in Delivering Agentic AI ERP Property of Rimini Street ©2026 16
Slide 17: Rimini Agentic UX: ERP Modernization without Disruption
Rimini Agentic UX: ERP Modernization without Disruption Operate Existing ERP Software Releases, Invest in Agentic AI ERP Innovation Instead of ERP Software Upgrades & Migrations Leverage your proven ERP software for years to come, accelerate adoption of all the latest innovation and capabilities acr
Slide 18: Market Opportunity for Agentic AI ERP Modernization
Market Opportunity for Agentic AI ERP Modernization Customized and Complex Rimini Sweetest Spot: AI Street Start Ups 100,000+ on- System Rimini premises ERP systems are AI Integrators Street expected to Start Ups remain in LCAP production for OaAS SaaS / Cloud based Business On-premises & decades Ap
Slide 19: Rimini Street Owns Agentic AI ERP
Rimini Street Owns Agentic AI ERP Key differentiators and market conditions uniquely position Rimini Street as leader in Agentic AI ERP Rimini Street knows ERP processes Domain experience in SAP, Oracle and other ERP Software Vendor agnostic Time to value Rimini’s domain experience and Agentic UX so
Slide 20: Rimini Accelerates Time to Market / Value for Agentic AI ERP
Rimini Accelerates Time to Market / Value for Agentic AI ERP Enterprises can accelerate innovation and leapfrog over ERP upgrades and SaaS with Agentic AI ERP capabilities A Support Savings B Agentic AI ERP Pilot C Agentic ERP Enterprise Rollout Rimini Agentic AI ERP ERP Migration Value D Deferred I
Slide 21: Roadmap to Client Revenue Growth with Agentic AI ERP
Roadmap to Client Revenue Growth with Agentic AI ERP Agentic AI ERP across the enterprise Build trust with Senior stakeholders building multi-year, multi-solution partnerships Packaged Apps $$$$ Use Cases & TIME Expansion Pack $$$ Explorer Pack $$ $ PROPERTY OF RIMINI STREET ©2026 | PROPRIETARY AND
Slide 22: Rimini Street Agentic AI ERP – Early Momentum
Rimini Street Agentic AI ERP – Early Momentum Sample Rimini UX Projects • Vendor Onboarding • Sales Contract Creation • S2P SLP Vendor Risk Management • Staff Claim System Modernization • Project Job Card Capture • Tender Order • Business Partner Onboarding • Sales Commission Approval • Reimbursemen
Slide 23: Financial Information
Financial Information Property of Rimini Street ©2026 23
Slide 24: Growth Profile
Growth Profile Recent Billings and RPO growth provide increased visibility into future Revenue and ARR growth $Millions, Definitions page 31 PROPERTY OF RIMINI STREET ©2026 | PROPRIETARY AND CONFIDENTIAL
Slide 25: Metrics
Metrics Client Revenue and Billings growth are the path to improved performance $Millions, Definitions page 31 PROPERTY OF RIMINI STREET ©2026 | PROPRIETARY AND CONFIDENTIAL
Slide 26: Target Financial Model at Scale (Non-GAAP)
Target Financial Model at Scale (Non-GAAP) Future model indicates scale at which we can achieve full leverage • Path to achieving Rule of 40, with a bias towards the bottom line • Margin improvements through currently underway and future AI tools and utilization metrics • SG&A cost optimization thro
Slide 27: Historical Financial Performance
Historical Financial Performance Ytd-Q3- (US$ in millions) 2020 2021 2022 2023 2024 2025 Observations 2024 Revenue $326.8 $374.4 $409.7 $431.5 $428.8 $421.5 $314.5 • Recurring subscription revenue Gross Profit 200.6 238.0 257.3 269.0 261.0 254.6 188.3 Sales & Marketing Expenses 114.7 128.5 143.0 142
Slide 28: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations (US$ in millions) 2020 2021 2022 2023 2024 2025 GAAP Net Income (Loss) (1) $11.6 $75.2 ($2.5) $26.1 ($36.3) $37.1 Interest expense 0.1 1.6 4.3 5.5 6.3 6.2 Income tax expense (1) 4.6 (55.8) 6.3 15.2 (0.4) 18.5 Depreciation and amortization expense 1.8 2.4 2.5 2.8 3.6
Slide 29: Capitalization
Capitalization December 31, 2025 Face Fully Common Stock and equivalents (millions) Amount Diluted (a) Common Shares outstanding & weighted average (a) 91.6 91.7 Stock Options (b) 9.4 0.2 Restricted and Performance Stock Units (c-d) 5.0 2.6 Warrants, $5.64 exercise price, expire June 2026 3.4 - Tota
Slide 30: Rimini Street (Nasdaq: RMNI) - Investment Thesis Summary
Rimini Street (Nasdaq: RMNI) - Investment Thesis Summary 1. Differentiated Business Model with Durable Moat: Pioneer in third-party enterprise software support with proven cost/value advantage, proprietary IP and awarded patents 2. First Mover in Agentic AI ERP: Positioned at the frontier of agentic
Slide 31: Summary of Operating Metrics
Summary of Operating Metrics ARR: Annualized • The amount of subscription revenue recognized during a quarter and multiplied by four Subscription • Gives an indication of the revenue that can be earned in the following 12-month period from the Revenue Company’s existing client base assuming no cance
Slide 32: About Non-GAAP Financial Measures and Certain Key Metrics
About Non-GAAP Financial Measures and Certain Key Metrics To provide investors and others with additional information regarding Rimini Street’s results, we have divided by our Annualized Recurring Revenue as of the day prior to the start of the 12-month period. disclosed the following non-GAAP finan
Slide 33: Appendix
Appendix I. Vendor Spotlight a. ServiceNow b. VMware c. Workday II. Additional Product Information a. Rimini Connect b. Rimini Protect c. Rimini Watch Property of Rimini Street ©2026 | Proprietary and confidential 33
Slide 34: Vendor Spotlight: Rimini & ServiceNow on ERP Modernization
Vendor Spotlight: Rimini & ServiceNow ® on ERP Modernization From core systems to next-gen solutions, from system of record to system of action and engagement Signed 6/2024 Challenges solved Dominate ERP modernization and Vision 01 composability at global scale 1 Core Modernization Cross-sell Servic
Slide 35: Vendor Spotlight: Rimini Solutions for VMware
Vendor Spotlight: Rimini Solutions for VMware® • Broadcom purchased VMware and is reportedly raising prices, Perpetual Licensed with nearly 375,000 customers facing cost increases of 2x-10x Supported Products • As part of Rimini Custom, Rimini Street launched Rimini Solutions ▪ vSphere for VMware, i
Slide 36: Vendor Spotlight: Rimini Solutions for Workday
Vendor Spotlight: Rimini Solutions for Workday® Workday® customers continue to face these universal challenges Accountable and flexible expertise when you need it . Signed 6/2024 Why is this strategic for Rimini Street? 1 Skills Shortage We believe Workday software is best aligned as a full lifecycl
Slide 37: Rimini Connect
Rimini Connect To enable Enterprise Software L4 support for 15+ years, Rimini Connect was Core Problems we Solve created – delivering products that enable software portability and flexibility Strategy: Loss of compatibility: Dedicated team focused on developing solutions for the most common and chal
Slide 38: Rimini Protect
Rimini Protect Core problems we solve Born out of necessity to enable L4 support, proactive security services and solutions purpose built for enterprise software where others fail No new security updates: Strategy: • When leaving vendor support • For versions in sustaining Monitor Common Vulnerabili
Slide 39: Rimini Watch Observability Solution
Rimini Watch - Observability Solution Enhance Rimini Managed Services and Support by proactive monitoring and Core Problems we Solve alerting to keep Enterprise Software up and running Downtime: Strategy: • Missed risks and issues can Develop observability tools to improve and enable proactive Suppo
Slide 40: Rimini Watch
Suite Customer Challenges Our Solution Addresses Rimini Watch TM ▪ Offer scripts to automatically solve a basic problem A revolutionary suite of operational tools for Monitoring, Health Checks, Change Management, RPAs/BPAs, and Rimini WatchTM ▪ Solve several instances of downtime due to slow inciden