RDNW
RideNow Group, Inc.6.00
+0.30+5.26%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Q&A reaffirms momentum, stresses discipline
Q&A largely reaffirmed prepared remarks' turnaround momentum into Q4, adding color on early Fed rate-cut tailwinds for the 65-70% of buyers using financing. Management credited pre-owned margin gains to healthier inventory via trade-ins and cash tools, while pledging disciplined buying ahead of spring despite more balance-sheet dry powder. Aircraft carrier consolidations earned OEM approval for scale gains without brand erosion. Promotions will ebb with normalizing OEM stockpiles. Inventory feels right-sized. Watch buyer traffic and execution as rates fall further.
Key Stats
Market Cap
228.41MP/E (TTM)
-Basic EPS (TTM)
-2.80Dividend Yield
0%Recent Filings
8-K
Powersports rebounds, EBITDA jumps
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.
10-Q
Q3 FY2025 results
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
CFO appointment details
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
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.
10-Q
Q2 FY2025 results
RumbleOn's Q2 revenue fell 11.0% y/y to $299.9M, driven by 6.8% lower powersports vehicle sales and 91.4% plunge in vehicle transportation services, yet gross profit held at 28.0% while SG&A dropped 6.6% on cost cuts. A $34.0M franchise rights impairment flipped operating income to $(18.8)M loss from $15.4M profit; net loss hit $32.2M or $(0.85) per diluted share, matching 37.9M weighted shares. Cash sank to $44.7M with $59.8M total including restricted, floor plans at $240.2M, term loan $228.5M (12.8% rate). Post-quarter, Amendment No. 10 extended term loan to September 2027, cut rates, added $10.0M subordinated loans for $20.0M prepay. Powersports dealerships delivered steady per-unit gross profit. Litigation drags on.
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