RideNow Group, Inc. Reports Third Quarter 2025 Financial Results

Core Insights - RideNow Group, Inc. reported a revenue of $281.0 million for Q3 2025, a decrease of 4.7% compared to $295.0 million in Q3 2024 [3] - The company achieved a gross profit of $76.0 million, reflecting a year-over-year increase of 2.3% from $74.3 million [3] - The net loss improved significantly to $4.1 million, a 63.4% reduction from a loss of $11.2 million in the same quarter last year [3][5] Financial Performance - Revenue for the nine months ended September 30, 2025, was $825.6 million, down from $939.6 million in 2024 [14] - Adjusted EBITDA rose to $12.3 million, an increase of 80.9% from $6.8 million in Q3 2024 [3][5] - Operating income for Q3 2025 was $9.4 million, up 77.4% from $5.3 million in Q3 2024 [3] Segment Analysis - In the Powersports segment, total retail unit sales increased by 2.2% to 14,605 units, with new unit sales up 1.7% and pre-owned unit sales up 3.3% [4] - The Vehicle Transportation Services segment saw a drastic decline, with vehicles transported dropping by 94.0% to 1,460 units, and revenue plummeting 93.4% to $1.0 million [7] Cost Management - Selling, General & Administrative (SG&A) expenses decreased by 2.3% to $64.4 million, while adjusted SG&A fell by 4.4% to $61.5 million [3][5] - The company reported a gross profit margin improvement in the Powersports segment, with gross profit up 6.9% [5][6] Balance Sheet and Liquidity - As of September 30, 2025, the company had $51.8 million in total cash and $184.9 million in non-vehicle net debt [8] - Total available liquidity was reported at $182.9 million, combining cash and availability under credit facilities [8] Future Outlook - The company’s management expressed optimism about continued performance improvement and value creation for shareholders, driven by its "back to our roots" strategy [2]