{"schema_version":"secwatch.filing_event.v1","accession":"0001635282-24-000108","form_type":"8-K","ticker":"RMNI","cik":"0001635282","company_name":"Rimini Street, Inc.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.348704+00:00","generated_at":"2026-06-03T00:34:43.741358+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Rimini Street Q1 revenue up 1.2% to $106.7M; net income drops to $1.3M from $5.6M; guidance suspended","bullets":["Q1 revenue $106.7M (+1.2% YoY); net income $1.3M ($0.01 EPS) vs $5.6M ($0.06 EPS).","Gross margin 59.8% (down from 62.7%); Adjusted EBITDA $10.7M vs $16.6M YoY.","Guidance suspended citing ongoing Oracle litigation; no 2024 outlook provided.","Refinanced $70.9M debt with $75M term loan + $35M revolver (5-yr; SOFR+2.75%-3.5%).","Hired Steven Hershkowitz as CRO and Martyn Hoogakker as EMEA GM."],"urls":{"canonical":"https://secwatch.observer/filing/0001635282-24-000108","json":"https://secwatch.observer/filing/0001635282-24-000108.json","markdown":"https://secwatch.observer/filing/0001635282-24-000108.md","text":"https://secwatch.observer/filing/0001635282-24-000108.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1635282/000163528224000108/0001635282-24-000108-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1635282/000163528224000108/rmni-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:34:43.741358+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7b040ab16bcac9bcfe498fe355f3ba9422bebbee","claim":"Rimini Street, Inc. reported fiscal first quarter ended March 31, 2024 results: revenue $106.7 million, net income $1.3 million, EPS $0.01.","evidence_excerpt":"Revenue was $106.7 million for the 2024 first quarter, an increase of 1.2% compared to $105.5 million for the same period last year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1635282/000163528224000108/0001635282-24-000108-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal first quarter ended March 31, 2024"},{"label":"Revenue","value":"$106.7 million"},{"label":"Net income","value":"$1.3 million"},{"label":"EPS","value":"$0.01"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}