Rimini Street Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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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.
FY2024 · Filed Feb 27, 2025
RMNI$5.53+2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income (Loss)
(In thousands, except per share amounts)
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $428,753 | $431,496 | $409,662 |
| Cost of revenue | 167,731 | 162,513 | 152,385 |
| Gross profit | 261,022 | 268,983 | 257,277 |
| Operating expenses: | |||
| Sales and marketing | 149,736 | 142,339 | 143,018 |
| General and administrative | 73,084 | 73,044 | 75,367 |
| Impairment charges related to operating lease right-of-use assets | — | — | 3,013 |
| Reorganization costs | 5,737 | 59 | 2,525 |
| Litigation costs and related recoveries: | |||
| Litigation expense | 58,512 | 2,743 | — |
| Professional fees and other costs of litigation | 6,081 | 7,033 | 25,654 |
| Insurance costs and recoveries, net | — | — | (389) |
| Litigation costs and related recoveries, net | 64,593 | 9,776 | 25,265 |
| Total operating expenses | 293,150 | 225,218 | 249,188 |
| Operating income (loss) | (32,128) | 43,765 | 8,089 |
| Non-operating expenses: | |||
| Interest expense | (6,305) | (5,522) | (4,271) |
| Other income (expenses), net | 1,790 | 2,989 | (13) |
| Income (loss) before income taxes | (36,643) | 41,232 | 3,805 |
| Income tax benefit (expense) | 371 | (15,173) | (6,285) |
| Net income (loss) | (36,272) | 26,059 | (2,480) |
| Other comprehensive income: | |||
| Foreign currency translation gain (loss) | (3,257) | 442 | (2,480) |
| Derivative instrument and other adjustments, net of tax | 35 | (414) | 1,009 |
| Comprehensive income (loss) | $(39,494) | $26,087 | $(3,951) |
| Net income (loss) attributable to common stockholders | $(36,272) | $26,059 | $(2,480) |
| Net income (loss) per share attributable to common stockholders - basic | $(0.40) | $0.29 | $(0.03) |
| Net income (loss) per share attributable to common stockholders - diluted | $(0.40) | $0.29 | $(0.03) |
| Weighted average number of shares of Common Stock outstanding - basic | 90,503 | 89,073 | 87,672 |
| Weighted average number of shares of Common Stock outstanding - diluted | 90,503 | 89,536 | 87,672 |
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