secwatch.observer — SEC 8-K summary
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Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0001635282-25-000191
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rimini Street Q2 2025 revenue $104.1M (+1%), net income $30.3M vs loss, aided by $37.9M Oracle settlement
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- GAAP net income $30.3M ($0.32 diluted EPS) vs net loss $1.1M in prior year; includes $37.9M from Oracle settlement received July 9.
- Non-GAAP net loss $0.1M vs non-GAAP net income $6.1M; Adjusted EBITDA $13.0M vs $8.8M.
- Gross margin 60.4% vs 59.1%; revenue retention 90% vs 88%; active clients 3,060 (+1.8% YoY).
- Repaid remaining $10M revolver on July 15; cash $101.3M at quarter-end.
- Appointed Vijay Kumar as COO and Joe Locandro as CIO; plan to reinitiate guidance at Q4 Analyst Day.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528225000191/0001635282-25-000191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528225000191/rmni-20250731.htm
  HTML page:      https://secwatch.observer/filing/0001635282-25-000191

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer