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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments129,123119,57187,57537,95224,77121,950
Cash and cash equivalents109,008119,57187,57537,95224,77121,950
Short-term investments20,115     
Restricted cash and investments 426419334436435 
Receivables116,093135,447117,937111,57480,59963,525
Prepaid expense18,84616,34013,45615,2057,0998,560
Capitalized contract cost17,21814,98513,91811,754 
Other undisclosed current assets     18,077
Total current assets:281,706286,762233,220176,921112,904112,112
Noncurrent Assets
Operating lease, right-of-use asset7,14212,72217,521 
Property, plant and equipment  4,8203,6673,6344,255
Capitalized contract cost, net23,50821,52421,02716,295 
Deposits noncurrent assets7,0571,7861,4763,0891,4381,565
Deferred income tax assets65,51564,0331,871 
Deferred tax assets, net 719
Other undisclosed noncurrent assets6,1134,435 1,2489093,520
Total noncurrent assets:109,335104,50046,71524,2995,98110,059
TOTAL ASSETS:391,041391,262279,935201,220118,885122,171
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities78,17568,39066,22153,56859,27851,211
Interest and dividends payable 3,800 3,500 
Employee-related liabilities36,55838,02627,91822,50318,154
Accounts payable8,0405,7083,2412,30312,85110,137
Accrued liabilities70,13526,12421,15423,34720,42422,920
Deferred revenue265,800253,200229,000 
Debt4,7893,664  2,37216,033
Derivative instruments and hedges, liabilities      1,600
Deferred revenue and credits152,390
Contract with customer, liability205,771 
Other undisclosed current liabilities4,2634,248107 176,8587,500
Total current liabilities:353,027329,502295,328259,339238,508228,734
Noncurrent Liabilities
Long-term debt and lease obligation70,00392,16615,9931512,22566,897
Long-term debt, excluding current maturities70,00379,655  2,01166,613
Capital lease obligations151214284
Liabilities, other than long-term debt45,18149,98030,50532,002 29,182
Deferred revenue and credits29,182
Deferred revenue34,08147,04727,966 
Contract with customer, liability29,727 
Other liabilities2,0062,9332,5392,275  
Operating lease, liability9,09412,51115,993 
Other undisclosed noncurrent liabilities   1,1931,00529,7407,659
Total noncurrent liabilities:115,184142,14647,69133,15831,965103,738
Total liabilities:468,211471,648343,019292,497270,473332,472
Temporary equity, carrying amount   137,854131,316113,998 
Equity
Equity, attributable to parent(77,170)(80,386)(200,938)(222,593)(265,586)(210,301)
Common stock998766
Treasury stock, value(1,116)(1,116)    
Additional paid in capital156,401149,234101,04793,484108,34794,967
Accumulated other comprehensive loss(4,195)(2,724)(318)(1,429)(1,567)(867)
Accumulated deficit(228,269)(225,789)(301,675)(314,655)(372,372)(304,407)
Total equity:(77,170)(80,386)(200,938)(222,593)(265,586)(210,301)
TOTAL LIABILITIES AND EQUITY:391,041391,262279,935201,220118,885122,171

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues409,662374,430326,780281,052252,790212,633
Revenue, net212,633
Cost of revenue
(Cost of Goods and Services Sold)
(152,385)(136,464)(126,211)(105,106)(95,981)(82,898)
Gross profit:257,277237,966200,569175,946156,809129,735
Operating expenses(249,188)(211,193)(182,685)(153,810)(131,455)(107,763)
Operating income:8,08926,77317,88422,13625,35421,972
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(13)(1,605)(258)(1,495)(2,066)320
Interest and debt expense(4,271)(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:3,80523,61817,54920,243(65,973)(51,978)
Other undisclosed loss from continuing operations before income taxes  (4,183)    
Income (loss) from continuing operations before income taxes:3,80519,43517,54920,243(65,973)(51,978)
Income tax expense (benefit)(6,285)55,784(4,569)(2,714)(1,992)(1,319)
Income (loss) from continuing operations:(2,480)75,21912,98017,529(67,965)(53,297)
Income (loss) before gain (loss) on sale of properties:75,21912,98017,529(67,965)(53,297)
Net income (loss) attributable to parent:(2,480)75,21912,98017,529(67,965)(53,297)
Preferred stock dividends and other adjustments (2,945)(8,700)(6,275)(5,848)(2,373) 
Other undisclosed net income (loss) available to common stockholders, basic 2,945(21,322)(20,534)(19,595)(8,268) 
Net income (loss) available to common stockholders, diluted:(2,480)45,197(13,829)(7,914)(78,606)(53,297)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(2,480)75,21912,98017,529(67,965)(53,297)
Comprehensive income (loss):(2,480)75,21912,98017,529(67,965)(53,297)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,471)(2,406)1,111138(700)179
Comprehensive income (loss), net of tax, attributable to parent:(3,951)72,81314,09117,667(68,665)(53,118)

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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