Rimini Street Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
RMNI$5.53+2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income (Loss)
(In thousands, except per share amounts)
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | $431,496 | $409,662 | $374,430 |
| Cost of revenue | 162,513 | 152,385 | 136,464 |
| Gross profit | 268,983 | 257,277 | 237,966 |
| Operating expenses: | |||
| Sales and marketing | 142,339 | 143,018 | 128,496 |
| General and administrative | 73,044 | 75,367 | 64,172 |
| Impairment charges related to operating lease right-of-use assets | — | 3,013 | 1,649 |
| Reorganization costs | 59 | 2,525 | — |
| Litigation costs and related recoveries: | |||
| Litigation settlement expense | 2,743 | — | 7,530 |
| Professional fees and other costs of litigation | 7,033 | 25,654 | 16,457 |
| Insurance costs and recoveries, net | — | (389) | (7,111) |
| Litigation costs and related recoveries, net | 9,776 | 25,265 | 16,876 |
| Total operating expenses | 225,218 | 249,188 | 211,193 |
| Operating income | 43,765 | 8,089 | 26,773 |
| Non-operating expenses: | |||
| Interest expense | (5,522) | (4,271) | (1,550) |
| Loss from change in fair value of redeemable warrants | — | — | (4,183) |
| Other income (expenses), net | 2,989 | (13) | (1,605) |
| Income before income taxes | 41,232 | 3,805 | 19,435 |
| Income taxes | (15,173) | (6,285) | 55,784 |
| Net income (loss) | 26,059 | (2,480) | 75,219 |
| Other comprehensive income: | |||
| Foreign currency translation gain (loss) | 442 | (2,480) | (2,406) |
| Derivative instrument and other adjustments, net of tax | (414) | 1,009 | — |
| Comprehensive income (loss) | $26,087 | $(3,951) | $72,813 |
| Net income (loss) attributable to common stockholders | $26,059 | $(2,480) | $45,197 |
| Net income (loss) per share attributable to common stockholders - basic | $0.29 | $(0.03) | $0.54 |
| Net income (loss) per share attributable to common stockholders - diluted | $0.29 | $(0.03) | $0.51 |
| Weighted average number of shares of Common Stock outstanding - basic | 89,073 | 87,672 | 84,318 |
| Weighted average number of shares of Common Stock outstanding - diluted | 89,536 | 87,672 | 88,970 |
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