RDNW Research | Milton Maxwell

RDNW

RideNow Group, Inc.

6.00

+0.30+5.26%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

3/8/26Mar 8, 2026

Key Stats

Market Cap

228.41M

P/E (TTM)

Basic EPS (TTM)

-2.80

Dividend Yield

Recent Filings

8-K

Q4 same-store surge, EBITDA up

3/9/26Mar 9, 2026

RideNow Group reported Q4 2025 results on March 9, 2026, with Powersports revenue flat at $256.1M but same-store up 6.3% on 7.7% unit growth; gross profit climbed 10.1% to $70.7M. Net loss narrowed to $6.4M from $56.4M, Adjusted EBITDA jumped to $9.7M. Exited vehicle transportation, cut debt 18%. Momentum builds.

10-Q

Q3 FY2025 results

11/4/25Nov 4, 2025

RideNow Group posted Q3 revenue of $281.0M, down 4.7% y/y yet gross profit climbed 2.3% to $76.0M on powersports margin gains, driving operating income to $9.4M (up 77.4% y/y, derived). Vehicle transportation cratered 93.4% y/y on broker departures, but powersports held steady. Cash fell to $35.4M with $15.5M operating cash flow (FCF not disclosed in the 10-Q); term debt at $209.1M (12.3%, due Sep 2027 post-Aug amendment), $131.1M floor plan availability. YTD net loss widened to $46.0M ($1.21/share) from $34M franchise impairment. Debt refinancing looms by Nov 2026.

8-K

Powersports rebounds, EBITDA jumps

11/4/25Nov 4, 2025

RideNow Group reported Q3 revenue of $281.0M, down 4.7% YoY amid a 93.4% plunge in vehicle transportation revenue to $1.0M, yet powersports revenue held flat at $280.0M on 3.9% higher unit sales while gross profit rose 6.9%. Net loss shrank 63.4% to $4.1M; Adjusted EBITDA surged 80.9% to $12.3M. Powersports roared back.

8-K

CFO appointment details

10/20/25Oct 20, 2025

RideNow Group appointed Joshua J. Barsetti as EVP and CFO effective October 20, 2025, replacing interim CFO Michael Quartieri, who stays on as Chairman, CEO, and President. Barsetti, a CPA with public company controller experience, gets $375,000 base, 75% target bonus, 112,000 RSUs vesting over three years, and 70,000 PSUs tied to stock prices from $11 to $23. New leadership bolsters finance team amid interim shift.

8-K

Issues $10M subordinated notes

8/28/25Aug 28, 2025

RideNow Group issued $10.0 million in unsecured subordinated notes at 13% PIK interest, maturing August 31, 2028, to three lenders. Proceeds prepaid part of a required $20.0 million on senior loans under its Oaktree credit agreement. It also amended warrants per Amendment No. 10, cutting exercise price to min($11.09, 1.25x 30-day VWAP post-August 11) and extending expiration to 2030. Subordinated debt layers on risk.

About

RideNow Group, Inc. provides powersports dealership and vehicle transportation services in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercrafts, snowmobiles, and other powersports products. It also offers parts, apparel, accessories, finance and insurance products and services, and aftermarket products, as well as repair and maintenance services. The Vehicle Transportation Services segment provides asset-light transportation brokerage services facilitating automobile transportation. The company was formerly known as RumbleOn, Inc. and changed its name to RideNow Group, Inc. in August 2025. RideNow Group, Inc. was incorporated in 2013 and is headquartered in Phoenix, Arizona.

CEO

Mr. Michael A. Quartieri CPA

IPO

2/2/2017

Website

https://www.ridenow.com

Employees

1,928

Sector

Consumer Cyclical

Industry

Auto & Truck Dealerships