Rimini Street, Inc.
4.5900+0.07 (+1.55%)
Oct 29, 4:00:00 PM EDT · NasdaqGM · RMNI · USD
Key Stats
Market Cap
424.66MP/E (TTM)
-Basic EPS (TTM)
-0.04Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Rimini Street posted steady revenue of $104.1M for Q2 FY2025 ended June 30, 2025, edging up 1.0% y/y from $103.1M while gross profit climbed 3.1% to $62.9M with margins expanding to 60.4% from 59.1% on tighter cost controls. Operating income swung to $41.2M from a $0.8M loss, fueled by a $36.2M litigation settlement gain offsetting $2.3M in professional fees; diluted EPS hit $0.32, verified against 94,120 weighted shares with no anti-dilution flags. Cash swelled to $101.3M with $15.9M YTD operating cash flow, less $2.7M capex for $13.2M free cash flow (derived), while total debt stood at $78.7M under the 2024 Credit Facility (SOFR + 2.75-3.5% margin, 8.0% effective rate) with $25.0M revolver availability and covenants intact. The July 2025 Oracle settlement mandates winding down PeopleSoft support by July 31, 2028 for $37.9M fee reimbursement, recognizing $96.8M goodwill equivalent in resolved claims. Yet Oracle's injunctions persist, capping Rimini's service scope.
8-K
Q2 revenue up 1%, margins improve
Rimini Street reported Q2 2025 revenue of $104.1 million, up 1.0% year-over-year, with international revenue rising 6.4% to $55.0 million while U.S. dipped 4.5% to $49.2 million. Gross margin improved to 60.4%, driving operating income of $41.2 million versus a prior loss, boosted by a $36.2 million litigation settlement recovery from Oracle; adjusted EBITDA climbed to $13.0 million. Client base grew 1.8% to 3,060, yet revenue retention edged to 90%. New executive hires signal operational push.
8-K
Rimini-Oracle litigation settled
Rimini Street settled its long-running Rimini II litigation with Oracle on July 7, 2025, securing a $37.8 million refund of previously paid attorneys' fees while Oracle retains $22.5 million. The deal enforces Rimini's wind-down of Oracle PeopleSoft support services by July 31, 2028, with a litigation standstill until then. This resolves copyright disputes, freeing Rimini from ongoing legal burdens. Yet injunctions persist.
8-K
Annual meeting results
Rimini Street's stockholders convened virtually on June 4, 2025, for their annual meeting, with 83.3% turnout. They elected Robin Murray as the sole Class II director until 2028, despite 13 million withheld votes signaling some dissent. The advisory say-on-pay vote passed handily, while KPMG's auditor ratification sailed through unanimously. Solid governance continuity, yet board scrutiny lingers.
8-K
Court vacates $58.5M fees award
Rimini Street scored a legal win when a Nevada district court vacated its prior $58.5 million attorneys' fees award to Oracle on June 2, 2025, following a Ninth Circuit remand tied to the ongoing software copyright dispute. This clears the immediate financial hit but leaves the door open for Oracle to refile after resolving Rimini's PeopleSoft support claims. Litigation drags on.
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