RideNow Group, Inc. RDNW

Technology SIC 7371 - Services-Computer Programming Services NAICS Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Custom Computer Programming Services derived Nasdaq

RideNow Group, Inc. operated through two operating segments in 2024 and 2025: a powersports dealership group and a vehicle transportation services business. In December 2025, we ceased providing vehicle transportation services to third parties and now operate solely as a powersports dealership group. The Company was incorporated in 2013 and has grown primarily through acquisitions. The Company is headquartered in Chandler, Arizona and completed its initial public offering in 2017. Unless the context otherwise requires, all references in this 2025 10-K to "we," "our," "us," "RideNow," "RideNow Group," and the "Company" refer to RideNow Group, Inc. and its consolidated subsidiaries and any predecessor entities. Prior to August 13, 2025, the Company was known as RumbleOn, Inc. In connection with our name change on August 13, 2025 and effective as of the same day, the ticker symbol for our Class B common stock changed to RDNW.

Last close 5.42 2026-10-23
Market cap $209.4M estimated share count
52-week range 3.20 - 8.55

Valuation FY2025 figures against the last close

P/S0.2x
P/E—
P/FCF20.3x
EV/EBITDA44.0x
Dividend yield—
Diluted EPS-1.38

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.08B$1.21B$1.37B$1.46B$463.3M$416.4M$840.6M$156.4M$7.3M$0
Cost of revenue $784.5M$894.9M$1.01B$1.02B$335.9M$384.8M$790.0M$142.9M$7.0M$0
Gross profit $298.0M$314.3M$359.9M$441.7M$127.4M$31.6M$50.6M$13.5M$278.1K$0
R&D —————$1.4M$2.4M$1.2M——
SG&A $256.3M$275.4M$347.3M$354.5M$140.2M$53.7M$86.6M$36.0M$7.6M$211.5K
Total operating expenses ————————$15.3M$213.4K
Operating income -$200.0K-$15.2M-$69.5M-$260.1M-$18.8M-$18.6M-$37.8M-$23.4M-$8.0M-$213.4K
Interest expense ——$77.2M$52.1M$14.3M$6.5M$7.2M$1.8M$596.0K$5.6K
Pre-tax income -$52.1M-$78.8M-$155.1M-$305.5M-$41.3M-$25.0M-$45.2M-$25.2M-$8.6M-$225.1K
Income tax $300.0K$200.0K$59.3M$72.0M$23.5M$0$0$0$0$513
Net income -$52.4M-$78.6M-$215.5M-$261.5M-$9.7M-$25.0M-$45.2M-$25.2M-$8.6M-$224.6K
EPS, basic -1.38-2.22-12.15-16.48-1.41-11.44-40.53-33.95-0.86-0.04
EPS, diluted -1.38-2.22-12.15-16.48-1.41-11.44———-0.04
Shares, diluted (wtd. avg.) 38.0M35.4M17.7M15.9M6.9M2.2M1.1M741,6599.9M5.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $29.5M$85.3M$58.9M$46.8M$49.0M$3.5M$6.7M$15.8M$9.2M$1.4M
Receivables $28.9M$30.5M$50.3M$28.0M$40.2M$9.4M$8.5M$8.5M$577.1K$0
Inventory $257.4M$240.6M$347.5M$323.5M$201.7M$21.4M$57.4M$52.2M$2.8M$0
Total current assets $334.7M$371.4M$480.8M$460.8M$300.1M$37.7M$73.8M$77.5M$12.9M$1.4M
Property, plant and equipment ———$76.1M$21.4M$6.5M$6.4M$5.2M$3.4M$0
Goodwill $0$800.0K$800.0K$21.1M$234.8M$26.9M$26.9M$26.1M$1.9M$0
Other intangibles $127.0M$161.9M$203.3M$247.4M$302.1M$46.0K————
Total assets $673.6M$755.2M$926.3M$1.03B$1.03B$77.0M$113.4M$108.9M$18.2M$1.4M
Accounts payable $77.7M$75.4M$68.1M$79.5M$77.3M$12.6M$12.4M$10.6M$1.2M$219.1K
Short-term debt $400.0K$39.1M$35.6M$223.8M—$20.7M$59.2M$58.6M$1.1M$0
Total current liabilities $296.5M$324.4M$395.0M$311.7M$179.1M$35.4M$73.7M$69.3M$2.3M$219.1K
Long-term debt $207.2M$212.0M$238.7M$374.4M$257.9M$5.2M————
Total liabilities $686.1M$718.5M$820.7M$821.2M$596.1M$72.4M$100.5M$78.1M$3.8M$304.3K
Retained earnings -$712.3M-$659.9M-$591.1M-$375.6M-$114.1M-$104.4M-$79.4M-$34.2M-$9.0M-$446.0K
Total equity -$12.5M$36.7M$105.6M$206.0M$431.6M$4.6M$12.9M$30.8M$14.4M$1.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $15.9M$99.4M-$38.9M-$46.7M-$15.3M$17.1M-$39.7M-$23.5M-$9.6M-$20.0K
Depreciation and amortisation $9.0M$14.3M$22.0M$23.0M$6.0M$2.1M$1.8M$984.0K$668.5K—
Stock-based compensation $2.1M$4.6M$12.0M$9.4M$29.2M$3.0M$3.8M$1.7M$503.0K$0
Capital expenditure $5.6M$2.0M$13.7M$5.6M$5.6M$175.0K$119.7K$6.4K$622.5K$0
Investing cash flow -$2.7M$900.0K-$19.1M-$82.2M-$378.8M-$2.3M-$3.9M-$17.6M-$1.9M-$45.5K
Financing cash flow -$67.0M-$80.6M$78.2M$136.2M$441.2M-$18.1M$34.6M$47.6M$19.3M$1.4M
Buybacks ————$4.3M—————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-047539.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 0 Gross profit, FY2016: 0 Net income, FY2016: -224.6K Revenue, FY2017: 7.3M Gross profit, FY2017: 278.1K Net income, FY2017: -8.6M Revenue, FY2018: 156.4M Gross profit, FY2018: 13.5M Net income, FY2018: -25.2M Revenue, FY2019: 840.6M Gross profit, FY2019: 50.6M Net income, FY2019: -45.2M Revenue, FY2020: 416.4M Gross profit, FY2020: 31.6M Net income, FY2020: -25M Revenue, FY2021: 463.3M Gross profit, FY2021: 127.4M Net income, FY2021: -9.7M Revenue, FY2022: 1.5B Gross profit, FY2022: 441.7M Net income, FY2022: -261.5M Revenue, FY2023: 1.4B Gross profit, FY2023: 359.9M Net income, FY2023: -215.5M Revenue, FY2024: 1.2B Gross profit, FY2024: 314.3M Net income, FY2024: -78.6M Revenue, FY2025: 1.1B Gross profit, FY2025: 298M Net income, FY2025: -52.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $0 $7.3M $156.4M $840.6M $416.4M $463.3M $1.46B $1.37B $1.21B $1.08B
Gross profit $0 $278.1K $13.5M $50.6M $31.6M $127.4M $441.7M $359.9M $314.3M $298.0M
Net income -$224.6K -$8.6M -$25.2M -$45.2M -$25.0M -$9.7M -$261.5M -$215.5M -$78.6M -$52.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Material agreement signed Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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