NASDAQ : RDNW
RideNow Group, Inc. — Financial statements
Consumer Discretionary · Auto & Truck Dealerships · United States
Last price 5.27 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 205.59M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
RideNow Group, Inc. (RDNW) reported revenue of 1.10B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 997.30M | 985.20M | 1.11B | 1.25B | 1.34B | 895.04M |
| Other Revenue | 97.80M | 97.30M | 102.40M | 117.00M | 123.40M | 29.13M |
| Revenue | 1.10B | 1.08B | 1.21B | 1.37B | 1.46B | 924.17M |
| Cost of Revenue | 791.80M | 784.50M | 894.90M | 1.01B | 1.02B | 765.99M |
| Gross Profit | 303.30M | 298.00M | 314.30M | 359.90M | 441.70M | 158.18M |
| Selling, General & Admin | 255.60M | 256.30M | 275.40M | 339.30M | 344.80M | 164.08M |
| Operating Expenses | 264.10M | 265.30M | 289.70M | 361.30M | 367.80M | 170.18M |
| Operating Income | 39.20M | 32.70M | 24.60M | -1.40M | 73.90M | -12.00M |
| Interest Expense | -48.50M | -52.50M | -64.10M | -77.20M | -52.10M | -16.41M |
| Other Non Operating Income (Expenses) | 100.00K | 600.00K | 500.00K | -8.40M | 4.20M | -8.80M |
| EBT Excluding Unusual Items | -9.20M | -19.20M | -39.00M | -87.00M | 26.00M | -37.21M |
| Merger & Restructuring Charges | -8.00M | -1.30M | ||||
| Impairment of Goodwill | -23.10M | -218.60M | ||||
| Gain (Loss) on Sale of Assets | 1.90M | 1.90M | -500.00K | |||
| Asset Writedown | -800.00K | -34.80M | -39.30M | -37.00M | -105.70M | |
| Legal Settlements | -8.40M | |||||
| Other Unusual Items | 2.50M | 2.68M | ||||
| Pretax Income | -8.10M | -52.10M | -78.80M | -155.10M | -305.50M | -31.39M |
| Income Tax Expense | 200.00K | 300.00K | -200.00K | 59.30M | -72.00M | -21.66M |
| Earnings From Continuing Operations | -8.30M | -52.40M | -78.60M | -214.40M | -233.50M | -9.72M |
| Earnings From Discontinued Operations | -1.10M | -28.00M | ||||
| Net Income | -8.30M | -52.40M | -78.60M | -215.50M | -261.50M | -9.72M |
| Net Income to Common | -8.30M | -52.40M | -78.60M | -215.50M | -261.50M | -9.72M |
| Shares Outstanding (Basic) | 38.18M | 37.96M | 35.38M | 17.74M | 15.87M | 6.92M |
| Shares Outstanding (Diluted) | 38.18M | 37.96M | 35.38M | 17.74M | 15.87M | 6.92M |
| EPS (Basic) | -0.22 | -1.38 | -2.22 | -12.15 | -16.48 | -1.41 |
| EPS (Diluted) | -0.22 | -1.38 | -2.22 | -12.15 | -16.48 | -1.41 |
| Free Cash Flow | -20.60M | 10.30M | 97.40M | -49.20M | -24.50M | -37.82M |
| Free Cash Flow Per Share | -0.54 | 0.27 | 2.75 | -2.77 | -1.54 | -5.47 |
| Gross Margin | 27.70% | 27.53% | 25.99% | 26.34% | 30.28% | 17.12% |
| Operating Margin | 3.58% | 3.02% | 2.03% | -0.10% | 5.07% | -1.30% |
| Profit Margin | -0.76% | -4.84% | -6.50% | -15.77% | -17.92% | -1.05% |
| Free Cash Flow Margin | -1.88% | 0.95% | 8.05% | -3.60% | -1.68% | -4.09% |
| EBITDA | 47.70M | 41.70M | 38.90M | 20.60M | 96.90M | -7.61M |
| EBITDA Margin | 4.36% | 3.85% | 3.22% | 1.51% | 6.64% | -0.82% |
| D&A For EBITDA | 8.50M | 9.00M | 14.30M | 22.00M | 23.00M | 4.39M |
| EBIT | 39.20M | 32.70M | 24.60M | -1.40M | 73.90M | -12.00M |
| EBIT Margin | 3.58% | 3.02% | 2.03% | -0.10% | 5.07% | -1.30% |
| Revenue as Reported | 1.10B | 1.08B | 1.21B | 1.37B | 1.46B | 924.17M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 46.70M | 29.50M | 85.30M | 58.90M | 46.80M | 48.97M |
| Cash & Short-Term Investments | 46.70M | 29.50M | 85.30M | 58.90M | 46.80M | 48.97M |
| Accounts Receivable | 15.50M | 15.20M | 20.30M | 18.90M | 14.90M | 23.40M |
| Other Receivables | 12.40M | 13.70M | 10.20M | 31.40M | 13.10M | 16.76M |
| Receivables | 27.90M | 28.90M | 30.50M | 50.30M | 61.70M | 40.17M |
| Inventory | 308.30M | 257.40M | 240.60M | 347.50M | 323.50M | 201.67M |
| Prepaid Expenses | 4.50M | 5.50M | 3.60M | 6.00M | 7.40M | 6.33M |
| Restricted Cash | 16.40M | 13.40M | 11.40M | 18.10M | 10.00M | 3.00M |
| Other Current Assets | 11.40M | |||||
| Total Current Assets | 403.80M | 334.70M | 371.40M | 480.80M | 460.80M | 300.14M |
| Property, Plant & Equipment | 204.50M | 210.90M | 220.60M | 240.70M | 237.90M | 154.53M |
| Goodwill | 800.00K | 800.00K | 21.10M | 260.92M | ||
| Other Intangible Assets | 127.00M | 127.00M | 161.10M | 202.50M | 247.40M | 302.07M |
| Long-Term Deferred Tax Assets | 58.10M | |||||
| Other Long-Term Assets | 1.00M | 1.00M | 1.30M | 1.50M | 1.90M | 10.09M |
| Total Assets | 736.30M | 673.60M | 755.20M | 926.30M | 1.03B | 1.03B |
| Accounts Payable | 65.00M | 9.60M | 5.80M | 7.10M | 13.70M | 10.03M |
| Accrued Expenses | 18.70M | 18.40M | 15.20M | 17.50M | 33.02M | |
| Short-Term Debt | 273.90M | 218.40M | 209.90M | 291.30M | 220.10M | 97.28M |
| Current Portion of Long-Term Debt | 700.00K | 400.00K | 39.10M | 35.60M | 3.70M | 4.48M |
| Current Portion of Leases | 14.50M | 22.70M | 24.30M | 23.90M | 24.10M | 20.25M |
| Current Income Taxes Payable | 10.20M | 9.90M | 10.40M | 10.00M | 8.29M | |
| Other Current Liabilities | 16.50M | 17.00M | 11.50M | 22.60M | 5.73M | |
| Total Current Liabilities | 354.10M | 296.50M | 324.40M | 395.00M | 311.70M | 179.07M |
| Long-Term Debt | 212.40M | 207.20M | 212.00M | 238.70M | 374.40M | 282.83M |
| Long-Term Leases | 126.20M | 177.60M | 178.60M | 183.90M | 126.70M | 117.56M |
| Long-Term Deferred Tax Liabilities | 7.59M | |||||
| Other Long-Term Liabilities | 52.50M | 4.80M | 3.50M | 3.10M | 8.40M | 9.06M |
| Total Liabilities | 745.20M | 686.10M | 718.50M | 820.70M | 821.20M | 596.10M |
| Common Stock | 15.00K | |||||
| Additional Paid-In Capital | 705.50M | 704.10M | 700.90M | 701.00M | 585.90M | 550.05M |
| Retained Earnings | -710.10M | -712.30M | -659.90M | -591.10M | -375.60M | -114.11M |
| Treasury Stock | -4.30M | -4.30M | -4.30M | -4.30M | -4.30M | -4.32M |
| Total Common Equity | -8.90M | -12.50M | 36.70M | 105.60M | 206.00M | 431.64M |
| Shareholders' Equity | -8.90M | -12.50M | 36.70M | 105.60M | 206.00M | 431.64M |
| Total Liabilities & Equity | 736.30M | 673.60M | 755.20M | 926.30M | 1.03B | 1.03B |
| Total Debt | 627.70M | 626.30M | 663.90M | 773.40M | 749.00M | 522.39M |
| Net Cash (Debt) | -581.00M | -596.80M | -578.60M | -714.50M | -702.20M | -473.42M |
| Net Cash Per Share | -15.22 | -15.72 | -16.35 | -40.28 | -44.24 | -68.41 |
| Filing Date Shares Outstanding | 39.01M | 38.41M | 37.79M | 35.20M | 16.32M | 15.98M |
| Total Common Shares Outstanding | 39.01M | 38.25M | 37.77M | 35.12M | 16.23M | 14.93M |
| Working Capital | 49.70M | 38.20M | 47.00M | 85.80M | 149.10M | 121.07M |
| Book Value Per Share | -0.23 | -0.33 | 0.97 | 3.01 | 12.69 | 28.91 |
| Tangible Book Value | -135.90M | -139.50M | -125.20M | -97.70M | -62.50M | -131.34M |
| Tangible Book Value Per Share | -3.48 | -3.65 | -3.31 | -2.78 | -3.85 | -8.80 |
| Land | 11.50M | 11.50M | 11.90M | 11.50M | ||
| Buildings | 39.90M | 39.90M | 43.60M | 38.90M | 3.24M | |
| Machinery | 19.10M | 20.90M | 23.00M | 15.70M | 6.20M | |
| Leasehold Improvements | 19.20M | 16.10M | 19.00M | 14.20M | 7.10M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -8.30M | -52.40M | -78.60M | -215.50M | -261.50M | -9.72M |
| Depreciation & Amortization | 8.50M | 9.00M | 14.30M | 22.00M | 23.00M | 4.39M |
| Other Amortization | 7.00M | 8.80M | 9.20M | 10.40M | 6.40M | 6.10M |
| Loss (Gain) From Sale of Assets | -1.90M | -1.90M | 500.00K | |||
| Asset Writedown & Restructuring Costs | 800.00K | 34.80M | 39.30M | 60.10M | 324.30M | |
| Stock-Based Compensation | 3.00M | 2.10M | 4.60M | 12.00M | 9.40M | 29.22M |
| Other Operating Activities | 2.50M | 2.10M | 200.00K | 72.20M | -51.20M | -16.43M |
| Change in Accounts Receivable | 1.10M | 1.60M | 19.80M | 3.90M | -4.60M | -9.76M |
| Change in Inventory | -33.40M | -16.80M | 107.90M | -31.70M | -120.40M | -53.23M |
| Change in Accounts Payable | 2.30M | 1.70M | 6.20M | -4.40M | -6.00M | 3.01M |
| Change in Other Net Operating Assets | 2.60M | 26.90M | -24.00M | 24.50M | 61.80M | 14.24M |
| Operating Cash Flow | -15.80M | 15.90M | 99.40M | -35.50M | -18.90M | -32.18M |
| Capital Expenditures | -4.80M | -5.60M | -2.00M | -13.70M | -5.60M | -5.65M |
| Sale of Property, Plant & Equipment | 3.10M | 3.10M | 4.00M | |||
| Cash Acquisitions | -700.00K | -3.30M | -69.60M | -371.31M | ||
| Sale (Purchase) of Intangibles | -500.00K | -200.00K | -400.00K | -2.10M | -7.00M | -1.87M |
| Investing Cash Flow | -2.20M | -2.70M | 900.00K | -19.10M | -82.20M | -378.83M |
| Short-Term Debt Issued | 17.19M | |||||
| Long-Term Debt Issued | 10.00M | 92.50M | 187.40M | 261.45M | ||
| Total Debt Issued | 58.80M | 10.00M | 92.50M | 187.40M | 278.64M | |
| Long-Term Debt Repaid | -76.10M | -89.00M | -111.70M | -51.20M | -10.41M | |
| Total Debt Repaid | -37.30M | -76.10M | -89.00M | -111.70M | -51.20M | -10.41M |
| Net Debt Issued (Repaid) | 21.50M | -66.10M | -89.00M | -19.20M | 136.20M | 268.23M |
| Issuance of Common Stock | 9.80M | 98.40M | 191.24M | |||
| Other Financing Activities | -100.00K | -900.00K | -1.40M | -6.20M | -28.50M | |
| Financing Cash Flow | 21.30M | -67.00M | -80.60M | 73.00M | 107.70M | 459.47M |
| Net Cash Flow | 3.30M | -53.80M | 19.70M | 18.40M | 6.60M | 48.46M |
| Free Cash Flow | -20.60M | 10.30M | 97.40M | -49.20M | -24.50M | -37.82M |
| Free Cash Flow Margin | -1.88% | 0.95% | 8.05% | -3.60% | -1.68% | -4.09% |
| Free Cash Flow Per Share | -0.54 | 0.27 | 2.75 | -2.77 | -1.54 | -5.47 |
| Levered Free Cash Flow | -24.81M | -13.47M | 143.71M | -48.02M | -116.28M | -155.96M |
| Unlevered Free Cash Flow | -1.50M | 10.54M | 174.57M | -10.18M | -90.11M | -150.10M |
| Cash Interest Paid | 44.50M | 45.70M | 49.50M | 66.00M | 49.40M | 12.07M |
| Cash Income Tax Paid | 400.00K | -800.00K | 1.00M | 6.60M | ||
| Change in Working Capital | -27.40M | 13.40M | 109.90M | -7.70M | -69.20M | -45.73M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 198.96M | 210.13M | 205.05M | 285.43M | 104.77M | 619.98M |
| Enterprise Value | 779.96M | 811.33M | 793.95M | 1.06B | 779.13M | 1.06B |
| Last Close Price | 5.10 | 5.52 | 5.43 | 8.14 | 6.47 | 41.52 |
| Forward PE | 56.67 | 7.16 | 7.16 | 7.16 | 4.63 | 11.42 |
| PS Ratio | 0.18 | 0.19 | 0.17 | 0.21 | 0.07 | 0.67 |
| PB Ratio | -16.81 | 5.59 | 2.70 | 0.51 | 1.44 | |
| P/FCF Ratio | 20.40 | 2.10 | ||||
| P/OCF Ratio | 13.22 | 2.06 | ||||
| PEG Ratio | 1.21 | 1.21 | 1.21 | |||
| EV/Sales Ratio | 0.71 | 0.75 | 0.66 | 0.78 | 0.53 | 1.15 |
| EV/EBITDA Ratio | 16.35 | 19.46 | 20.41 | 51.53 | 8.04 | |
| EV/EBIT Ratio | 19.90 | 24.81 | 32.27 | 10.54 | ||
| EV/FCF Ratio | 78.77 | 8.15 | ||||
| Debt / Equity Ratio | -70.53 | -50.10 | 18.09 | 7.32 | 3.64 | 1.21 |
| Debt / EBITDA Ratio | 6.83 | 7.17 | 7.89 | 11.88 | 5.39 | 266.80 |
| Debt / FCF Ratio | 60.81 | 6.82 | ||||
| Net Debt / Equity Ratio | -65.28 | -47.74 | 15.77 | 6.77 | 3.41 | 1.10 |
| Net Debt / EBITDA Ratio | 12.18 | 14.31 | 14.87 | 34.68 | 7.25 | -62.21 |
| Net Debt / FCF Ratio | -28.20 | 57.94 | 5.94 | -14.52 | -28.66 | -12.52 |
| Asset Turnover | 1.51 | 1.51 | 1.44 | 1.40 | 1.42 | 1.67 |
| Inventory Turnover | 2.71 | 3.15 | 3.04 | 3.00 | 3.87 | 6.87 |
| Quick Ratio | 0.21 | 0.20 | 0.36 | 0.28 | 0.24 | 0.50 |
| Current Ratio | 1.14 | 1.13 | 1.15 | 1.22 | 1.48 | 1.68 |
| Return on Equity (ROE) | -433.06% | -110.47% | -137.61% | -73.24% | -4.46% | |
| Return on Assets (ROA) | 3.38% | 2.86% | 1.83% | -0.09% | 4.50% | -1.36% |
| Return on Capital Employed (ROCE) | 10.30% | 8.70% | 5.70% | -0.30% | 10.30% | -1.40% |
| Earnings Yield | -4.26% | -24.94% | -38.33% | -75.50% | -249.59% | -1.57% |
| FCF Yield | -10.35% | 4.90% | 47.50% | -17.24% | -23.38% | -6.10% |
| Buyback Yield / Dilution | -3.98% | -7.29% | -99.43% | -11.78% | -129.34% | -216.80% |