Rimini Street, Inc. (RMNI) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
3993 HOWARD HUGHES PARKWAY LAS VEGAS, NV 89169 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 119,571 | 87,575 | 37,952 | 24,771 | 21,950 | 2 | ||
| Cash and cash equivalents | 119,571 | 87,575 | 37,952 | 24,771 | 21,950 | 2 | ||
| Restricted cash and investments | 419 | 334 | 436 | 435 | ||||
| Receivables | 135,447 | 117,937 | 111,574 | 80,599 | 63,525 | |||
| Prepaid expense | 16,340 | 13,456 | 15,205 | 7,099 | 8,560 | 218 | ||
| Capitalized contract cost | 14,985 | 13,918 | 11,754 | ✕ | ✕ | |||
| Other undisclosed current assets | 18,077 | |||||||
| Total current assets: | 286,762 | 233,220 | 176,921 | 112,904 | 112,112 | 219 | ||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 12,722 | 17,521 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 4,820 | 3,667 | 3,634 | 4,255 | ||||
| Capitalized contract cost, net | 21,524 | 21,027 | 16,295 | ✕ | ✕ | |||
| Deposits noncurrent assets | 1,786 | 1,476 | 3,089 | 1,438 | 1,565 | |||
| Assets held-in-trust | 173,052 | |||||||
| Deferred income tax assets | 64,033 | 1,871 | ✕ | ✕ | ✕ | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 719 | ||||
| Other undisclosed noncurrent assets | 4,435 | 1,248 | 909 | 3,520 | ||||
| Total noncurrent assets: | 104,500 | 46,715 | 24,299 | 5,981 | 10,059 | 173,052 | ||
| TOTAL ASSETS: | 391,262 | 279,935 | 201,220 | 118,885 | 122,171 | 173,271 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 68,390 | 66,221 | 53,568 | 59,278 | 51,211 | 63 | ||
| Accounts payable | 5,708 | 3,241 | 2,303 | 12,851 | 10,137 | |||
| Accrued liabilities | 26,124 | 21,154 | 23,347 | 20,424 | 22,920 | 63 | ||
| Employee-related liabilities | 36,558 | 38,026 | 27,918 | 22,503 | 18,154 | |||
| Interest and dividends payable | 3,800 | 3,500 | ||||||
| Deferred revenue | 253,200 | 229,000 | ✕ | ✕ | ✕ | |||
| Debt | 3,664 | 2,372 | 16,033 | |||||
| Derivative instruments and hedges, liabilities | 1,600 | |||||||
| Due to related parties | 636 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 152,390 | |||
| Contract with customer, liability | ✕ | ✕ | 205,771 | ✕ | ✕ | |||
| Other undisclosed current liabilities | 4,248 | 107 | 176,858 | 7,500 | ||||
| Total current liabilities: | 329,502 | 295,328 | 259,339 | 238,508 | 228,734 | 699 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 92,166 | 15,993 | 151 | 2,225 | 66,897 | |||
| Long-term debt, excluding current maturities | 79,655 | 2,011 | 66,613 | |||||
| Capital lease obligations | ✕ | ✕ | 151 | 214 | 284 | |||
| Operating lease, liability | 12,511 | 15,993 | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 49,980 | 30,505 | 32,002 | 29,182 | 1,900 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 29,182 | |||
| Deferred revenue | 47,047 | 27,966 | ✕ | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | 29,727 | ✕ | ✕ | |||
| Due to related parties | 1,900 | |||||||
| Other liabilities | 2,933 | 2,539 | 2,275 | |||||
| Other undisclosed noncurrent liabilities | 1,193 | 1,005 | 29,740 | 7,659 | 6,038 | |||
| Total noncurrent liabilities: | 142,146 | 47,691 | 33,158 | 31,965 | 103,738 | 7,938 | ||
| Total liabilities: | 471,648 | 343,019 | 292,497 | 270,473 | 332,472 | 8,636 | ||
| Temporary equity, carrying amount | 137,854 | 131,316 | 113,998 | 159,635 | ||||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | (80,386) | (200,938) | (222,593) | (265,586) | (210,301) | 5,000 | ||
| Common stock | 9 | 8 | 7 | 6 | 6 | 1 | ||
| Treasury stock, value | (1,116) | |||||||
| Additional paid in capital | 149,234 | 101,047 | 93,484 | 108,347 | 94,967 | 7,991 | ||
| Accumulated other comprehensive loss | (2,724) | (318) | (1,429) | (1,567) | (867) | |||
| Accumulated deficit | (225,789) | (301,675) | (314,655) | (372,372) | (304,407) | (2,992) | ||
| Total stockholders' equity: | (80,386) | (200,938) | (222,593) | (265,586) | (210,301) | 5,000 | ||
| TOTAL LIABILITIES AND EQUITY: | 391,262 | 279,935 | 201,220 | 118,885 | 122,171 | 173,271 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 374,430 | 326,780 | 281,052 | 252,790 | 212,633 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 212,633 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (136,464) | (126,211) | (105,106) | (95,981) | (82,898) | ||
| Gross profit: | 237,966 | 200,569 | 175,946 | 156,809 | 129,735 | ||
| Operating expenses | (211,193) | (182,685) | (153,810) | (131,455) | (107,763) | (3,335) | |
| Other undisclosed operating income | 12 | ||||||
| Operating income (loss): | 26,773 | 17,884 | 22,136 | 25,354 | 21,972 | (3,335) | |
| Nonoperating income (expense) | (1,605) | (258) | (1,495) | (2,066) | 320 | 485 | |
| Investment income, nonoperating | 485 | ||||||
| Other nonoperating income (expense) | (1,605) | (258) | (1,495) | (2,066) | 320 | ||
| Interest and debt expense | (1,550) | (77) | (398) | (90,861) | (61,718) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 1,600 | (12,552) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 23,618 | 17,549 | 20,243 | (65,973) | (51,978) | (2,850) | |
| Other undisclosed loss from continuing operations before income taxes | (4,183) | ||||||
| Income (loss) from continuing operations before income taxes: | 19,435 | 17,549 | 20,243 | (65,973) | (51,978) | (2,850) | |
| Income tax expense (benefit) | 55,784 | (4,569) | (2,714) | (1,992) | (1,319) | ||
| Net income (loss): | 75,219 | 12,980 | 17,529 | (67,965) | (53,297) | (2,850) | |
| Other undisclosed net loss attributable to parent | (12) | ||||||
| Net income (loss) attributable to parent: | 75,219 | 12,980 | 17,529 | (67,965) | (53,297) | (2,861) | |
| Preferred stock dividends and other adjustments | (8,700) | (6,275) | (5,848) | (2,373) | |||
| Other undisclosed net loss available to common stockholders, basic | (21,322) | (20,534) | (19,595) | (8,268) | |||
| Net income (loss) available to common stockholders, diluted: | 45,197 | (13,829) | (7,914) | (78,606) | (53,297) | (2,861) | |
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 75,219 | 12,980 | 17,529 | (67,965) | (53,297) | (2,850) | |
| Comprehensive income (loss): | 75,219 | 12,980 | 17,529 | (67,965) | (53,297) | (2,850) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (2,406) | 1,111 | 138 | (700) | 179 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 72,813 | 14,091 | 17,667 | (68,665) | (53,118) | (2,850) | |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.