secwatch.observer — SEC 8-K summary
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Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001635282-25-000132
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rimini Street Q1 revenue $104.2M (-2.4% YoY), net income rises to $3.4M; suspends guidance due to Oracle litigation
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- Net income $3.4M (diluted EPS $0.04) vs $1.3M ($0.01) a year ago; Adjusted EBITDA $15.3M vs $10.7M.
- Revenue declined 2.4% to $104.2M; international revenue up 2.2% to $54.1M, US down 6.9% to $50.1M.
- Gross margin improved to 61.0% from 59.8%; billings grew 7.2% to $79.4M.
- Annualized Recurring Revenue fell 4.7% to $396.2M; Revenue Retention Rate 88% vs 89% a year ago.
- Guidance suspended due to ongoing litigation with Oracle; cash $122.6M at quarter end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528225000132/0001635282-25-000132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528225000132/rmni-20250501.htm
  HTML page:      https://secwatch.observer/filing/0001635282-25-000132

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