Rimini Street, Inc. (RMNI) Financial Statements (2024 and earlier)

Company Profile

Business Address 1700 S. PAVILION CENTER DR.
LAS VEGAS, NV 89135
State of Incorp. DE
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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:140,67320,000129,12320,000160,217158,046
Cash and cash equivalents123,543116,169109,008118,576160,217158,046
Short-term investments17,13018,78520,11511,147  
Other undisclosed cash, cash equivalents, and short-term investments  (114,954) (109,723)  
Restricted cash and investments   426   
Receivables85,06589,317116,09359,22387,60191,288
Prepaid expense21,23919,91018,84621,25316,77217,087
Capitalized contract cost17,59017,18417,21816,37216,28215,714
Other undisclosed current assets427115,380 110,140419419
Total current assets:264,994261,791281,706226,988281,291282,554
Noncurrent Assets
Operating lease, right-of-use asset7,1386,3257,14210,84311,46912,498
Property, plant and equipment(16,670)(16,015) (14,754)(14,270)(13,869)
Capitalized contract cost, net22,51622,11523,50822,54823,42723,107
Deposits noncurrent assets8,1566,6197,0573,9751,7371,760
Deferred income tax assets60,91964,70065,51563,43063,36763,358
Other undisclosed noncurrent assets23,80422,5696,11320,31919,19218,388
Total noncurrent assets:105,863106,313109,335106,361104,922105,242
TOTAL ASSETS:370,857368,104391,041333,349386,213387,796
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities59,99562,89978,175104,173106,04863,398
Employee-related liabilities35,99338,15937,327
Accounts payable4,6325,9568,0408,3015,8093,620
Accrued liabilities55,36356,94370,13559,87962,08022,451
Deferred revenue259,100257,300265,800  248,500
Debt5,9125,3494,7894,2273,6643,664
Other undisclosed current liabilities4,2214,0764,263180,200221,3734,485
Total current liabilities:329,228329,624353,027288,600331,085320,047
Noncurrent Liabilities
Long-term debt and lease obligation67,11368,55870,00381,43283,74890,670
Long-term debt, excluding current maturities67,11368,55870,00371,44572,88878,770
Liabilities, other than long-term debt36,57740,04145,18138,69247,86754,378
Deferred revenue26,22230,05234,08136,11745,01151,526
Other liabilities1,8231,8962,0062,5752,8562,852
Operating lease, liability8,5328,0939,0949,98710,86011,900
Total noncurrent liabilities:103,690108,599115,184120,124131,615145,048
Total liabilities:432,918438,223468,211408,724462,700465,095
Equity
Equity, attributable to parent(62,061)(70,119)(77,170)(75,375)(76,487)(77,299)
Common stock999999
Treasury stock, value(1,116)(1,116)(1,116)(1,116)(1,116)(1,116)
Additional paid in capital161,391158,449156,401154,111152,147149,420
Accumulated other comprehensive loss(3,983)(4,831)(4,195)(5,382)(4,935)(2,910)
Accumulated deficit(218,362)(222,630)(228,269)(222,997)(222,592)(222,702)
Total equity:(62,061)(70,119)(77,170)(75,375)(76,487)(77,299)
TOTAL LIABILITIES AND EQUITY:370,857368,104391,041333,349386,213387,796

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues106,421105,512108,621101,931101,20097,910
Cost of revenue
(Cost of Goods and Services Sold)
(39,348)(39,343)(38,563)(39,271)(37,344)(37,207)
Gross profit:67,07366,16970,05862,66063,85660,703
Operating expenses(56,778)(55,484)(75,633)(60,625)(58,168)(54,761)
Operating income (loss):10,29510,685(5,575)2,0355,6885,942
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
2805282,683(1,329)(1,577)209
Interest and debt expense(1,387)(1,339)(1,297)(1,167)(999)(808)
Income (loss) from continuing operations before income taxes:9,1889,874(4,189)(461)3,1125,343
Income tax expense (benefit)(4,920)(4,235)(1,083)56(3,002)(2,256)
Income (loss) from continuing operations:4,2685,639(5,272)(405)1103,087
Income (loss) before gain (loss) on sale of properties:(405)1103,087
Net income (loss) available to common stockholders, diluted:4,2685,639(5,272)(405)1103,087

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):4,2685,639(5,272)(405)1103,087
Comprehensive income (loss):4,2685,639(5,272)(405)1103,087
Other undisclosed comprehensive income (loss), net of tax, attributable to parent848(636)1,187(447)(2,025)(186)
Comprehensive income (loss), net of tax, attributable to parent:5,1165,003(4,085)(852)(1,915)2,901

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.

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