RumbleOn(US:RMBL)2025-11-04 21:24Revenue and Profitability - Revenue for Q3 2025 was $281.0 million, a decrease of 4.7% compared to $295.0 million in Q3 2024[4] - Gross profit increased by 2.3% to $76.0 million from $74.3 million year-over-year[4] - Operating income rose significantly by 77.4% to $9.4 million, compared to $5.3 million in the same quarter last year[4] - Net loss improved by 63.4% to $4.1 million from a loss of $11.2 million in Q3 2024[5] - Adjusted EBITDA increased by 80.9% to $12.3 million, up from $6.8 million in Q3 2024[5] Sales and Units - Total retail unit sales for powersports increased by 2.2% to 14,605 units, with new powersports sales up 1.7% to 9,904 units[8] - The company reported a significant decline in vehicle transportation services revenue, down 93.4% to $1.0 million from $15.1 million in Q3 2024[9] Cash and Liquidity - Cash (unrestricted) decreased by 58.5% to $35.4 million from $85.3 million at the end of Q4 2024[6] - The company has a total available liquidity of $182.9 million as of September 30, 2025, including cash and credit facilities[10] - Cash and restricted cash at the end of the period was $51.8 million, down from $66.7 million at the end of the previous year, a decrease of approximately 22.4%[23] Debt and Liabilities - Non-vehicle net debt increased slightly by 1.5% to $184.9 million compared to $182.1 million in the previous year[6] - Total current liabilities slightly decreased from $324.4 million as of December 31, 2024, to $319.6 million as of September 30, 2025, a reduction of about 1%[21] - Non-Vehicle Net Debt increased to $184.9 million as of September 30, 2025, compared to $182.1 million as of December 31, 2024, showing a rise of 1.5%[31] - The Consolidated Total Net Leverage Ratio was reported at 4.1x, well below the maximum allowed of 6.75x[37] Overall Performance - Net loss for the nine months ended September 30, 2025, was $46.0 million, compared to a net loss of $22.2 million for the same period in 2024, representing an increase in losses of 106%[23] - Adjusted EBITDA for the nine months ended September 30, 2025, was $36.5 million, up from $30.7 million in 2024, reflecting a growth of 19%[27] - Free Cash Flow for the nine months ended September 30, 2025, was $10.5 million, significantly down from $67.0 million in 2024, indicating a decrease of approximately 84%[30] Impairments and Expenses - SG&A expenses for the nine months ended September 30, 2025, were $192.2 million, down from $211.2 million in 2024, a decline of about 9%[35] - The company incurred an impairment of franchise rights amounting to $34.0 million during the nine months ended September 30, 2025[27] Assets - Total assets decreased from $755.2 million as of December 31, 2024, to $699.4 million as of September 30, 2025, a decline of approximately 7.4%[21]