Core Insights - The company is undergoing a rebranding initiative, changing its name to RideNow Group, Inc., relocating its corporate headquarters back to Phoenix, AZ, and changing its ticker symbol from "RMBL" to "RDNW" effective August 13, 2025 [6][10][12] - The second quarter of 2025 showed a decline in revenue and net loss compared to the same period in 2024, but there were improvements in adjusted EBITDA and SG&A expenses [4][6][19] Financial Performance - Revenue for Q2 2025 was $299.9 million, down 11.0% from $336.8 million in Q2 2024 [4][6] - Gross profit decreased to $83.9 million, a decline of 6.7% year-over-year [4][6] - Selling, general, and administrative (SG&A) expenses were reduced to $66.7 million, down 6.6% from $71.4 million in the previous year [4][6] - The company reported a net loss of $32.2 million, compared to a net loss of $0.7 million in Q2 2024 [4][6] - Adjusted EBITDA increased to $17.2 million, up 6.2% from $16.2 million in Q2 2024 [4][6] Segment Performance - In the Powersports segment, unit retail sales of new powersports vehicles decreased by 11.5% to 10,618 units, while pre-owned powersports sales increased by 10.2% to 5,283 units [7][8] - Revenue from the Powersports segment was $298.6 million, down 7.2% from $321.6 million in the previous year [7][8] - The Vehicle Transportation Services segment saw a significant decline, with revenue dropping to $1.3 million, down 91.4% from $15.2 million in Q2 2024 [8] Balance Sheet and Liquidity - As of June 30, 2025, the company had $44.7 million in unrestricted cash and $185.1 million in non-vehicle net debt [9][17] - Total available liquidity was $185.7 million, which includes cash and availability under credit facilities [9] - The company executed a term loan amendment to extend the maturity of its term loan to September 30, 2027, with a reduction in interest rates [10][19] Strategic Initiatives - The company is focused on a "back to our roots" strategy aimed at improving operational execution and driving growth [3] - The successful closing of a term loan amendment provides operational flexibility to execute its strategic initiatives [3][10]

IRVING, Texas, Aug. 5, 2025 /PRNewswire/ -- RumbleOn, Inc. (NASDAQ: RMBL) (the "Company" or "RumbleOn"), today announced that it will release its Second Quarter 2025 operational and financial results after the market closes on Monday, August 11, 2025. SOURCE RumbleOn What: RumbleOn Second Quarter 2025 Earnings Conference Call When: Monday, August 11, 2025, at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) Conference Call Dial In: 1-800-717-1738 for United States callers, or 1-646-307-1865 for callers outsi ...

Core Insights - RumbleOn, Inc. reported a significant decline in revenue and unit sales in the first quarter of 2025 compared to the same period in 2024, indicating challenges in the powersports segment [2][4][6] - The company is focused on turnaround initiatives despite the decline, with management expressing optimism about future performance [3][6] Financial Performance - Revenue for Q1 2025 was $244.7 million, down 20.5% from $307.8 million in Q1 2024 [4][15] - Gross profit decreased by 18.6% to $67.2 million from $82.6 million year-over-year [4][15] - Selling, general & administrative expenses (SG&A) were reduced to $61.1 million, a decrease of 17.3% from $73.9 million [4][15] - Adjusted EBITDA fell to $7.0 million, down 9.1% from $7.7 million in the previous year [4][19] Unit Sales and Segment Performance - Total retail unit sales in the powersports segment decreased by 20.6%, with new powersports units down 23.7% and pre-owned units down 13.9% [7][8] - Vehicle transportation services segment revenue dropped 61.5% to $5.5 million, with vehicles transported decreasing by 65.0% [8][15] Cash Flow and Liquidity - Operating cash flow was negative at $(6.9) million, compared to positive inflows of $17.0 million in Q1 2024 [4][9] - The company ended the quarter with total cash of $56.2 million, including restricted cash, and reported non-vehicle net debt of $188.2 million [9][22] Balance Sheet Highlights - Long-term debt, including current maturities, decreased to $215.5 million from $251.1 million [4][23] - Total assets as of March 31, 2025, were $738.9 million, down from $755.2 million at the end of 2024 [16][23] Management Commentary - The CEO highlighted the team's efforts in navigating a challenging consumer environment and expressed confidence in the company's turnaround strategies [3][6]