Rimini Street shares surge 10.44% premarket as CEO outlines AI-driven ERP strategy, strong Q4 results, and ServiceNow partnership boost growth prospects.

Rimini Street surged 10.44% in premarket trading following CEO Seth Ravin's comments on leveraging agentic AI to disrupt traditional ERP systems, coupled with better-than-expected Q4 results and a bullish 2026 outlook. Ravin emphasized Rimini's AI layer atop ERP systems as a cost-saving, efficiency-boosting solution, positioning the company as a bridge between legacy infrastructure and modern AI innovation. The firm reported Q4 revenue of $109.8M (down 3.9% YoY due to PeopleSoft phaseout) but highlighted strong subscription growth and launched 20 AI-driven UX solutions with ServiceNow. Management reaffirmed 2026 revenue growth targets of 4%-6% and adjusted EBITDA margins of 12.5%-15.5%, signaling confidence in long-term margin expansion despite near-term cost pressures. The stock’s rally reflects optimism over Rimini’s AI-centric strategy and its ability to capitalize on enterprise demand for flexible, cost-effective ERP alternatives amid vendor fragmentation.