---
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"
generated_at: "2026-06-03T00:34:43.741358+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rimini Street Q1 revenue up 1.2% to $106.7M; net income drops to $1.3M from $5.6M; guidance suspended

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001635282-24-000108
- JSON: https://secwatch.observer/filing/0001635282-24-000108.json
- Plain text: https://secwatch.observer/filing/0001635282-24-000108.txt

## Key facts
- Earnings Releases
  Rimini Street, Inc. reported fiscal first quarter ended March 31, 2024 results: revenue $106.7 million, net income $1.3 million, EPS $0.01.
  - Period: fiscal first quarter ended March 31, 2024
  - Revenue: $106.7 million
  - Net income: $1.3 million
  - EPS: $0.01
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1635282/000163528224000108/0001635282-24-000108-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.