---
schema_version: "secwatch.filing_event.v1"
accession: "0001635282-24-000144"
form_type: "8-K"
ticker: "RMNI"
cik: "0001635282"
company_name: "Rimini Street, Inc."
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:24:29.770056+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Rimini Street Q2 revenue down 3.1% to $103.1M, GAAP loss $0.01 EPS; to wind down Oracle PeopleSoft services

## Summary
- Revenue $103.1M (-3.1% YoY); net loss $1.1M vs net income $4.3M YoY; diluted EPS ($0.01) vs $0.05 YoY.
- Non-GAAP operating income $6.4M (down from $14.9M YoY); Adjusted EBITDA $8.8M (down from $15.8M YoY).
- Company to wind down Oracle PeopleSoft support, manage, and consult services over 12+ months; PeopleSoft revenue was $36.1M (8%) of FY2023 revenue.
- Reorganization costs of $3.2M in Q2 from headcount reduction; more expected in Q3.
- Guidance suspended due to ongoing Oracle litigation; active clients down 0.6% to 3,007; revenue retention rate 88%.

## SEC filing metadata
- accession: 0001635282-24-000144
- form_type: 8-K
- ticker: RMNI
- cik: 0001635282
- company_name: Rimini Street, Inc.
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1635282/000163528224000144/0001635282-24-000144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1635282/000163528224000144/rmni-20240731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001635282-24-000144
- JSON: https://secwatch.observer/filing/0001635282-24-000144.json
- Plain text: https://secwatch.observer/filing/0001635282-24-000144.txt

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