RideNow Group, Inc.

Listed Company

RDNWCIK 0001596961NasdaqNon-AcceleratedSmaller ReportingServices-Computer Programming ServicesNevadaFY ends Dec 31

Period

FY 2025

Revenue

$1.08B

Net Income

$-52.40M

Total Assets

$673.60M

Equity

$-12.50M

Shares Out

2.19M

Op. Cash Flow

$15.90M

RDNW$6.42+106.94% · past yearDBEQ Basic

Daily closing prices

Business

RideNow Group, Inc. is the largest powersports retail group in the United States, operating 48 dealerships selling new and pre-owned motorcycles, ATVs, side-by-side vehicles, and personal watercraft from OEMs including BRP, Polaris, Harley-Davidson, Yamaha, and Kawasaki. The company sources pre-owned inventory through its proprietary RideNow Cash Offer tool and consumer trade-ins, and offers parts, accessories, finance & insurance products, and repair and maintenance services across 12 states. In December 2025, the company ceased its vehicle transportation services segment and now operates solely as a powersports dealership group.

Summary from 10-K filed 2026-03-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	1,083	1,209	1,366	1,459	924
Total cost of revenue	785	895	1,007	1,017	766
Gross profit	298	314	360	442	158
Selling, general and administrative	256	275	347	355	164
Impairment of intangible assets	35	39	60	324	0
Depreciation and amortization	9	14	22	23	—
Loss (gain) on sale of assets	−2	500,000	—	—	—
Operating loss	−200,000	−15	−70	−260	−9
Floor plan interest expense	−11	−16	—	—	—
Other interest expense, net	−42	−48	−64	—	—
Other income	600,000	500,000	−8	4	0
Total non-operating expense	−52	−64	−86	—	—
Loss before income taxes	−52	−79	−155	−306	−31
Income tax provision (benefit)	300,000	−200,000	59	−72	−22
Net loss	−52	−79	−216	−262	−10
Weighted average number of common shares outstanding - basic (in shares)	38	35	18	16	7
Weighted average number of common shares outstanding - diluted (in shares)	38	35	18	16	7
Net loss per share basic (in dollars per share)	−1.38	−2.22	−12.15	−16.48	−1.41
Net loss per share diluted (in dollars per share)	−1.38	−2.22	−12.15	−16.48	−1.41

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	30	85	—	—	—
Restricted cash	13	11	18	10	3
Accounts receivable, net	29	31	50	28	40
Inventory, net	257	241	348	324	202
Prepaid expense and other current assets	6	4	6	7	6
Total current assets	335	371	481	461	300
Property and equipment, net	61	64	77	76	—
Right-of-use assets	150	157	164	162	133
Franchise rights and other intangible assets, net	127	162	203	247	302
Other assets	1	1	2	2	10
Total assets	674	755	926	1,027	1,028
Accounts payable and other current liabilities	78	75	68	80	77
Vehicle floor plan notes payable	218	210	291	220	97
Current portion of long-term debt	400,000	39	36	—	—
Total current liabilities	297	324	395	312	179
Long-term debt, net of current maturities	207	212	239	374	253
Operating lease liabilities	128	130	134	127	115
Other long-term liabilities	54	52	53	8	12
Total long-term liabilities	390	394	426	510	417
Total liabilities	686	719	821	821	596
Commitments and contingencies (Note 17)	—	—	—	—	—
Additional paid in capital	704	701	701	586	550
Accumulated deficit	−712	−660	−591	−376	−114
Class B common stock in treasury, at cost, 123,089 shares	−4	−4	−4	−4	−4
Total stockholders' equity (deficit)	−13	37	106	206	432
Total liabilities and stockholders' equity (deficit)	674	755	926	1,027	1,028

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	9	14	22	23	6
Amortization of debt discount and issuance costs	9	9	10	6	—
Stock-based compensation expense	2	5	12	9	29
Loss (gain) on sale of assets	−2	500,000	0	—	—
Impairment of intangible assets	35	39	—	—	—
Deferred taxes	0	−400,000	59	−77	−23
Interest paid-in-kind capitalized to debt principal	3	2	0	—	—
Gain on termination of leases	−400,000	−900,000	0	—	—
Accounts receivable	2	20	4	−5	−10
Inventory	−17	108	−32	−120	−53
Prepaid expenses and other assets	−2	2	1	−400,000	−1
Other liabilities	5	3	−4	2	5
Accounts payable and accrued liabilities	2	6	−4	−6	3
Floor plan trade note borrowings	24	−29	27	60	15
Net cash provided by operating activities	16	99	—	−19	−32
Cash used for acquisitions, net of cash received	0	−700,000	−3	−70	—
Technology development	−200,000	−400,000	−2	−7	−2
Proceeds from sale of assets	3	4	0	—	0
Purchase of property and equipment	−6	−2	−14	−6	−6
Net cash provided by (used in) investing activities	−3	900,000	−19	−82	−379
Decrease in net borrowings from non-trade floor plans	−15	−53	43	—	—
Proceeds from issuance of debt	10	0	—	—	—
Repayments of debt	−61	−36	−112	−51	0
Net proceeds from sale of common stock in rights offerings	0	10	98	0	191
Other	−900,000	−1	−1	—	—
Net cash used in financing activities	−67	−81	—	108	459
NET CHANGE IN CASH AND RESTRICTED CASH	−54	20	18	7	48

Filings

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Frequently asked questions

What is RideNow Group, Inc.'s CIK number?

RideNow Group, Inc.'s SEC CIK number is 0001596961 (1596961). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find RideNow Group, Inc.'s SEC filings?

All of RideNow Group, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did RideNow Group, Inc. last report earnings?

RideNow Group, Inc. (RDNW) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-035078). This is RideNow Group, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is RideNow Group, Inc.'s most recent earnings 8-K?

RideNow Group, Inc.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001628280-26-035078. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View RideNow Group, Inc.'s latest earnings 8-K →
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