secwatch.observer — SEC 8-K summary
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Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001635282-25-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rimini Street Q4 revenue up 1.9% to $114.2M; full year net loss of $36.3M; suspends guidance citing Oracle litigation
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- Q4 revenue $114.2M (+1.9% YoY); GAAP net income $6.7M ($0.07 EPS) vs $9.4M prior year period.
- Full year revenue $428.8M (-0.6%); GAAP net loss $36.3M ($0.40 loss per share) vs net income of $26.1M in 2023.
- Annualized Recurring Revenue $414.8M (-4.1%); active clients 3,081 (+1.4%); revenue retention rate 88% vs 90%.
- Cash and short-term investments $88.8M vs $125.3M at year-end 2023; Q4 billings $172.1M (+7.1% YoY).
- Suspends business outlook due to uncertainty from ongoing litigation with Oracle.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528225000031/0001635282-25-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528225000031/rmni-20250227.htm
  HTML page:      https://secwatch.observer/filing/0001635282-25-000031

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