Rimini Street, Inc. Earnings Per Share Disclosure
| 2025 | 2024 | 2023 | |||||||||||||||
| Net income (loss) attributable to common stockholders: | |||||||||||||||||
| Net income (loss) | $ | 37,098 | $ | (36,272) | $ | 26,059 | |||||||||||
| Basic weighted average number of shares of Common Stock outstanding | 91,736 | 90,503 | 89,073 | ||||||||||||||
| Dilutive effect: | |||||||||||||||||
| Warrants | — | — | — | ||||||||||||||
| Stock options | 130 | — | 11 | ||||||||||||||
| Performance share units | 481 | — | 107 | ||||||||||||||
| Restricted stock units | 2,143 | — | 345 | ||||||||||||||
| Diluted weighted average number of shares of Common Stock outstanding | 94,490 | 90,503 | 89,536 | ||||||||||||||
| Net income (loss) per share attributable to Common Stock - basic | $ | 0.40 | $ | (0.40) | $ | 0.29 | |||||||||||
| Net income (loss) per share attributable to Common Stock - diluted | $ | 0.39 | $ | (0.40) | $ | 0.29 | |||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Warrants | 3,440 | 3,440 | 3,440 | ||||||||||||||
| Stock options | 8,645 | 9,563 | 7,718 | ||||||||||||||
| Restricted stock units | 210 | 4,753 | 601 | ||||||||||||||
| Performance stock units | — | 801 | — | ||||||||||||||
| Total | 12,295 | 18,557 | 11,759 | ||||||||||||||
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.