Every 8-K that Rimini Street, Inc. (DE) (RMNI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow RMNI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RMNI filings page.
Rimini Street, Inc. (RMNI) reports that, effective September 14, 2026, Steven Hershkowitz is being reinstated as Executive Vice President and Chief Revenue Officer, resuming the same titles, duties and responsibilities he held before his resignation on September 8, 2026. The Board’s Compensation Committee approved reinstating his prior $480,000 annual base salary and annual incentive opportunity of $320,000.16 under the company’s Cash Bonus Plan, with base salary prorated for the remainder of 2026. Chief Revenue Officer responsibilities and direct reports previously shifted to Executive Vice President and Chief Operating Officer Keith Costello have been reassigned to Hershkowitz, with no change to Costello’s employment terms.
Rimini Street, Inc. (RMNI) reports that Executive Vice President and Chief Revenue Officer Steven Hershkowitz resigned his position effective September 8, 2026 to pursue another opportunity. His Chief Revenue Officer responsibilities and direct reports have been transferred to Executive Vice President and Chief Operating Officer Keith Costello.
The company notes that Mr. Costello previously led field sales functions at DXC Technology and IBM, where he oversaw responsibility for billions of dollars of global revenue, and directs readers to a prior company disclosure dated August 12, 2026 for additional background on his experience.
Rimini Street, Inc. appointed Keith C. Costello, age 60, as Executive Vice President and Chief Operating Officer, effective August 17, 2026, making him the company’s principal operating officer. Costello brings more than 30 years of enterprise software and services experience, including senior roles at DXC Technology, IBM, Zuora, SAP SE, Siebel Systems and Oracle, and previously served at Rimini Street in 2016.
Under an August 5, 2026 offer letter, Costello will receive an annual base salary of $460,000 and a target annual cash bonus equal to 81.74% of salary, both prorated for 2026. He will receive onboarding equity awards on August 17, 2026 of 150,000 stock options and 150,000 RSUs, each vesting in three equal annual installments, with option exercise price set at fair market value on the grant date. If terminated without Cause or he resigns for Good Reason before a Change of Control, he is eligible for 12 months of base-salary continuation, target bonus and COBRA premium coverage; if such a termination occurs within 24 months after a Change of Control, his then-unvested Rimini Street equity awards will become 100% vested.
Rimini Street reported fiscal second-quarter 2026 revenue of $111.1 million, up 6.7% year over year, with Adjusted Revenue of $108.0 million, up 10.0% excluding Oracle PeopleSoft support. U.S. revenue was $48.4 million, down 1.6%, while international revenue rose 14.1% to $62.7 million. Subscription revenue contributed $103.2 million, or 92.9% of total revenue. Annualized Recurring Revenue reached $412.8 million, and Adjusted ARR $401.1 million, both growing, with 3,132 active clients and a Revenue Retention Rate of 90%. Remaining Performance Obligations were $636.9 million, up 8.0%, though Calculated Billings declined 8.8%.
Gross margin was 60.9%. Operating income was $6.4 million and net income $2.4 million, versus elevated 2025 levels that included a large litigation settlement benefit; on a non-GAAP basis, operating income was $9.2 million, net income $5.9 million, and Adjusted EBITDA $10.5 million. Cash and cash equivalents increased to $123.4 million, and the company prepaid $10 million of debt, reducing outstanding debt to $48.4 million. Rimini Street also introduced Rimini Govern™ for AI and expects third-quarter 2026 revenue of $110–$112 million, while reiterating full-year guidance for 4%–6% revenue growth and 12.5%–15.5% Adjusted EBITDA margins, aligned with its Rule of 20 target.
Rimini Street, Inc. reported the results of its 2026 Annual Meeting of Stockholders held virtually on June 3, 2026. A total of 92,556,379 shares of common stock were outstanding and entitled to vote as of April 15, 2026, and 82,124,591 shares were represented at the meeting, equal to 88.73% of the voting power, establishing a quorum.
Stockholders elected three Class III directors—Seth A. Ravin, Steven Capelli and Jay Snyder—to serve until the 2029 annual meeting. Stockholders also approved, on a non-binding advisory basis, the compensation of the named executive officers. Finally, they ratified the appointment of KPMG LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
Rimini Street reported fiscal first quarter 2026 revenue of $105.5 million, up 1.2% year over year, with 95% coming from subscription revenue. Growth was stronger outside the U.S., where international revenue rose 8.3% while U.S. revenue declined 6.4%.
Profitability softened: gross margin fell to 59.0% from 61.0%, operating income declined to $4.8 million from $9.4 million, and net income decreased to $1.4 million from $3.4 million, or $0.01 per diluted share versus $0.04 a year earlier. Adjusted EBITDA dropped to $8.9 million from $15.7 million.
Key forward indicators were stronger. Calculated billings grew 19.9% to $95.3 million, and Remaining Performance Obligations increased 16.4% to $643.6 million, with Adjusted RPO at $633.2 million. The company ended March 31, 2026 with $132.2 million in cash and cash equivalents, prepaid $10.0 million of debt to reduce its term loan to $58.4 million, and guided second quarter 2026 revenue to $106–$108 million while reiterating full-year 2026 targets of 4–6% revenue growth and 12.5–15.5% Adjusted EBITDA margins.
Rimini Street, Inc. amended its Amended and Restated Credit Agreement with Capital One and other lenders to revise limits on “Restricted Payments,” which include share repurchases.
Starting with the fiscal year ending December 31, 2026, aggregate Restricted Payments are capped at $20,000,000 per fiscal year, and for payments made on and after January 1, 2026, total Restricted Payments are capped at $50,000,000, in each case subject to conditions in the credit agreement. Previously, annual and total limits were tied to fixed dollar amounts and percentages of LTM Consolidated EBITDA.
Rimini Street, Inc. approved a 2026 Long-Term Incentive Plan for its executive team, granting performance units (PSUs), restricted stock units (RSUs) and stock options under its 2013 Equity Incentive Plan. Awards are based on targeted grant values, using a share price of $3.72 as of March 2, 2026.
CEO Seth A. Ravin received awards with a targeted value of $2,640,000, while each of the four other named executive officers received between $300,000 and $1,000,000. PSUs can pay out from 0% to 200% of target based on 2026 adjusted EBITDA and total revenue, then vest in three annual installments alongside the RSUs and options.
Rimini Street, Inc. furnished a February 2026 investor presentation outlining its strategy, Agentic AI ERP offerings and historical performance through the year ended December 31, 2025. The company positions itself as a global provider of end-to-end enterprise software support, managed services and professional services with more than 6,500 client contracts and operations in 17 countries.
The presentation highlights revenue of $326.8 million in 2020, rising to $431.5 million in 2023, then $428.8 million in 2024 and $421.5 million in 2025, with gross margins generally above 60%. Adjusted EBITDA was $42.6 million in 2020, reaching $71.9 million in 2023 and $49.8 million in 2025.
As of December 31, 2025, cash and cash equivalents were $120.0 million against a bank term loan of $69.4 million, for net cash over debt of $50.6 million. The company reports U.S. federal net operating loss carryforwards of $125M and state NOLs of $123M. Management emphasizes a large support and optimization total addressable market, a high client satisfaction score of 4.9 out of 5.0, and an investment thesis centered on its third‑party support model, Agentic AI ERP initiatives and a target non‑GAAP financial model aimed at sustained high margins.
Rimini Street, Inc. reported fiscal 2025 results showing modest top-line pressure but stronger profitability and a larger contracted backlog. Revenue for 2025 was $421.5 million, down 1.7% from 2024, while net income swung to $37.1 million from a net loss of $36.3 million, helped by lower litigation impact.
Remaining performance obligations reached a record $652.9 million as of December 31, 2025, up 11.1% year over year, and cash and cash equivalents rose to $120.0 million from $88.8 million. Adjusted EBITDA for 2025 was $49.8 million versus $53.1 million in 2024, reflecting continued investment and the wind down of Oracle PeopleSoft services.
For the fourth quarter of 2025, revenue was $109.8 million, down 3.9% from the prior-year quarter, with gross margin at 60.4% and net income of $0.7 million. The company ended 2025 with 3,102 active clients, annualized recurring revenue of $411.4 million, and repurchased about 1.9 million shares during the year.
Management highlighted the launch of new Agentic AI ERP solutions and reported first-quarter 2026 revenue guidance of $101.5 million to $103.5 million, reiterating full-year 2026 targets for revenue growth of 4% to 6% and Adjusted EBITDA margins of 12.5% to 15.5%.
Rimini Street, Inc. reported an executive leadership change. Effective November 24, 2025, Mr. Vijay Kumar, who previously served as Executive Vice President and Chief Operating Officer and acted as the company’s principal operating officer, has transitioned to the role of Executive Vice President and Chief Innovation Officer. This reflects a shift in his responsibilities from day-to-day operations toward innovation-focused leadership within the company.
Rimini Street (RMNI) furnished a press release announcing its financial results for the third quarter ended September 30, 2025. The press release is included as Exhibit 99.1 to a Form 8-K dated October 30, 2025. The information under Items 2.02 and 7.01 is being furnished, not deemed filed, under the Exchange Act.