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RideNow Group (RDNW) Financials

RideNow Group logo
$5.88 -0.08 (-1.34%)
As of 07/10/2026 04:00 PM Eastern
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Annual Income Statements for RideNow Group

Annual Income Statements for RideNow Group

This table shows RideNow Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2019 2020 2021 2022 2023 2024 2025
Period end date 11/30/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -0.14 -0.00 -0.22 -8.02 -31 -25 -9.73 -262 -216 -79 -52
Consolidated Net Income / (Loss)		 -0.14 -0.00 -0.22 -8.57 -45 -25 -9.73 -262 -216 -79 -52
Net Income / (Loss) Continuing Operations		 -0.14 -0.00 -0.22 -8.02 -31 -25 -9.73 -234 -214 -79 -52
Total Pre-Tax Income 		-0.14 -0.00 -0.23 -8.57 -45 -25 -31 -306 -155 -79 -52
Total Operating Income		 -0.13 -0.00 -0.21 -7.98 -38 -19 -8.87 -260 -70 -15 -0.20
Total Gross Profit		 0.00 0.00 0.00 0.56 51 32 158 442 360 314 298
Total Revenue		 0.00 0.00 0.00 15 841 416 924 1,459 1,366 1,209 1,083
Operating Revenue		 0.00 0.00 0.00 15 841 416 924 1,459 1,366 1,209 1,083
Total Cost of Revenue		 0.00 0.00 0.00 14 790 385 766 1,017 1,007 895 785
Operating Cost of Revenue		 - - 0.00 14 790 385 766 1,017 1,007 895 785
Total Operating Expenses		 0.13 0.00 0.21 7.98 88 50 167 702 429 330 298
Selling, General & Admin Expense		 0.13 0.00 0.21 7.59 87 54 164 355 347 275 256
Depreciation Expense		 - - - 0.67 1.79 2.14 6.10 23 22 14 9.00
Impairment Charge		 - 0.00 - - 0.00 - 0.00 324 60 39 35
Other Special Charges / (Income)		 - - - - 0.00 -5.62 -3.14 - - 0.50 -1.90
Total Other Income / (Expense), net		 -0.00 -0.00 -0.01 -0.60 6.99 -6.44 -23 -45 -86 -64 -52
Interest Expense		 0.00 0.00 0.01 0.60 8.69 6.45 16 50 77 64 53
Other Income / (Expense), net		 - - - - 1.30 0.01 -6.12 4.20 -8.40 0.50 0.60
Income Tax Expense		 - 0.00 -0.00 0.00 0.00 0.00 -22 -72 59 -0.20 0.30
Basic Earnings per Share		 ($0.03) $0.00 ($0.04) ($0.86) ($40.53) ($11.44) ($1.41) ($16.48) ($12.15) ($2.22) ($1.38)
Weighted Average Basic Shares Outstanding		 5.29M 5.50M 5.58M 9.92M 1.11M 2.18M 6.92M 15.87M 17.74M 35.38M 37.96M
Diluted Earnings per Share		 ($0.03) $0.00 ($0.04) - - ($11.44) ($1.41) ($16.48) ($12.15) ($2.22) ($1.38)
Weighted Average Diluted Shares Outstanding		 0.00 5.50M 6.92M 12.93M - 2.18M 6.92M 15.87M 17.74M 35.38M 37.96M
Weighted Average Basic & Diluted Shares Outstanding		 0.00 5.50M 6.92M 12.93M - 2.34M - 16.32M 35.20M 37.79M 38.41M

Quarterly Income Statements for RideNow Group

This table shows RideNow Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -17 -169 -10 -0.70 -11 -56 -9.70 -32 -4.10 -6.40 -4.30
Consolidated Net Income / (Loss)		 -17 -169 -10 -0.70 -11 -56 -9.70 -32 -4.10 -6.40 -4.30
Net Income / (Loss) Continuing Operations		 -17 -168 -10 -0.70 -11 -56 -9.70 -32 -4.10 -6.40 -4.30
Total Pre-Tax Income 		-20 -99 -11 -0.80 -11 -56 -9.60 -32 -4.00 -6.40 -4.20
Total Operating Income		 -0.20 -69 5.20 15 5.30 -41 3.80 -19 9.40 5.40 7.60
Total Gross Profit		 92 71 83 90 74 68 67 84 76 71 72
Total Revenue		 338 311 308 337 295 270 245 300 281 257 260
Operating Revenue		 338 311 308 337 295 270 245 300 281 257 260
Total Cost of Revenue		 246 240 225 247 221 202 178 216 205 186 189
Operating Cost of Revenue		 246 240 225 247 221 202 178 216 205 186 189
Total Operating Expenses		 92 141 77 75 69 109 63 103 67 66 64
Selling, General & Admin Expense		 85 76 74 71 66 64 61 67 64 64 62
Depreciation Expense		 7.20 4.80 3.50 3.10 3.10 4.60 2.30 2.00 2.20 2.50 1.90
Total Other Income / (Expense), net		 -20 -30 -16 -16 -17 -15 -13 -13 -13 -12 -12
Interest Expense		 20 21 16 16 17 15 14 14 14 12 12
Other Income / (Expense), net		 0.10 -8.60 0.30 0.00 0.10 0.10 0.20 0.20 0.10 0.10 -0.10
Income Tax Expense		 -3.50 69 -0.30 -0.10 0.00 0.20 0.10 0.10 0.10 - 0.10
Basic Earnings per Share		 ($0.99) ($9.29) ($0.29) ($0.02) ($0.32) ($1.59) ($0.26) ($0.85) ($0.11) ($0.16) ($0.11)
Weighted Average Basic Shares Outstanding		 16.67M 17.74M 35.13M 35.21M 35.28M 35.38M 37.79M 37.91M 38.05M 37.96M 38.41M
Diluted Earnings per Share		 ($0.99) ($9.29) ($0.29) ($0.02) ($0.32) ($1.59) ($0.26) ($0.85) ($0.11) ($0.16) ($0.11)
Weighted Average Diluted Shares Outstanding		 16.67M 17.74M 35.13M 35.21M 35.28M 35.38M 37.79M 37.91M 38.05M 37.96M 38.41M
Weighted Average Basic & Diluted Shares Outstanding		 16.86M 35.20M 35.26M 35.32M 35.37M 37.79M 37.86M 38.05M 38.07M 38.41M 38.59M

Annual Cash Flow Statements for RideNow Group

This table details how cash moves in and out of RideNow Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2019 2020 2021 2022 2023 2024 2025
Period end date 11/30/2014 11/30/2015 12/31/2016 12/31/2017 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.00 -0.00 1.35 7.82 -9.06 -3.21 48 6.60 18 20 -54
Net Cash From Operating Activities		 -0.12 -0.03 -0.02 -9.62 -40 17 -32 -47 -39 99 16
Net Cash From Continuing Operating Activities		 -0.13 -0.03 -0.02 -9.62 -40 17 -32 -47 -39 99 16
Net Income / (Loss) Continuing Operations		 -0.14 -0.05 -0.22 -8.57 -45 -25 -9.73 -234 -214 -79 -52
Consolidated Net Income / (Loss)		 -0.14 -0.05 -0.22 -8.57 -45 -25 -9.73 -262 -216 -79 -52
Depreciation Expense		 0.00 0.00 0.00 0.67 1.79 2.14 6.10 23 22 14 9.00
Amortization Expense		 - - 0.00 0.28 1.66 2.03 4.39 6.40 10 9.20 8.80
Non-Cash Adjustments To Reconcile Net Income		 - 0.01 -0.01 0.77 7.01 15 50 364 119 15 61
Changes in Operating Assets and Liabilities, net		 0.01 0.01 0.21 -2.76 -5.03 23 -83 -206 24 139 -10
Net Cash From Investing Activities		 -0.01 0.00 -0.05 -1.88 -3.87 -2.28 -379 -82 -19 0.90 -2.70
Net Cash From Continuing Investing Activities		 -0.01 0.00 -0.05 -1.88 -3.87 -2.28 -379 -82 -19 0.90 -2.70
Purchase of Property, Plant & Equipment		 -0.01 0.00 -0.05 -1.88 -4.04 -2.32 -7.52 -13 -16 -2.40 -5.80
Acquisitions		 - - - - - 0.00 -371 -70 -3.30 -0.70 0.00
Sale of Property, Plant & Equipment		 - - - - 0.17 0.04 - - 0.00 4.00 3.10
Net Cash From Financing Activities		 0.13 0.03 1.41 19 35 -18 459 136 78 -81 -67
Net Cash From Continuing Financing Activities		 0.13 0.03 1.41 19 35 -18 459 136 78 -81 -67
Repayment of Debt		 - 0.00 -0.16 -1.65 -11 -42 -10 -51 -113 -37 -62
Issuance of Debt		 0.08 0.03 0.21 3.25 30 13 261 110 - 0.00 10
Issuance of Common Equity		 0.05 0.00 1.35 18 15 11 191 0.00 98 9.80 0.00
Other Financing Activities, net		 - 0.00 0.00 - - - 17 78 93 -53 -15

Quarterly Cash Flow Statements for RideNow Group

This table details how cash moves in and out of RideNow Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 2.40 18 -14 7.70 -4.40 30 -41 3.60 -8.00 -8.90 3.50
Net Cash From Operating Activities		 -13 -20 17 12 39 31 -6.90 11 12 0.40 -28
Net Cash From Continuing Operating Activities		 -13 -20 17 12 39 30 -6.90 11 12 0.40 -28
Net Income / (Loss) Continuing Operations		 -17 -168 -10 -0.70 -11 -56 -9.70 -32 -4.10 -6.40 -4.30
Consolidated Net Income / (Loss)		 -17 -169 -10 -0.70 -11 -56 -9.70 -32 -4.10 -6.40 -4.30
Depreciation Expense		 7.20 4.80 3.50 3.10 3.10 4.60 2.30 2.00 2.20 2.50 1.90
Amortization Expense		 2.50 3.10 2.20 2.20 2.50 2.30 2.50 2.50 2.20 1.60 1.60
Non-Cash Adjustments To Reconcile Net Income		 23 83 4.90 -0.40 -11 22 25 39 3.20 -6.90 15
Changes in Operating Assets and Liabilities, net		 -29 57 17 8.00 56 58 -27 -0.50 8.00 9.60 -41
Net Cash From Investing Activities		 -2.40 -6.30 -0.70 -0.70 -1.30 3.60 -0.50 -2.40 -2.20 2.40 -0.70
Net Cash From Continuing Investing Activities		 -2.40 -6.30 -0.70 -0.70 -1.30 3.60 -0.50 -2.40 -2.20 2.40 -0.70
Purchase of Property, Plant & Equipment		 -2.40 -6.30 -0.70 -0.70 -0.60 -0.40 -0.50 -2.40 -2.20 -0.70 -0.70
Net Cash From Financing Activities		 18 44 -30 -3.80 -43 -4.40 -33 -4.90 -17 -12 32
Net Cash From Continuing Financing Activities		 18 44 -30 -3.80 -43 -4.40 -33 -4.90 -17 -12 32
Repayment of Debt		 -52 -52 -36 -0.20 -1.10 -0.50 -40 -0.20 -20 -2.00 -0.10
Other Financing Activities, net		 70 -2.30 5.70 -3.60 -41 -14 6.50 -4.70 -7.10 -9.70 32

Annual Balance Sheets for RideNow Group

This table presents RideNow Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2019 2020 2021 2022 2023 2024 2025
Period end date 11/30/2014 11/30/2015 12/31/2016 12/31/2017 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 0.01 0.00 1.40 18 113 77 1,028 1,027 926 755 674
Total Current Assets		 0.01 0.00 1.35 13 74 38 300 461 481 371 335
Cash & Equivalents		 0.01 0.00 1.35 9.17 0.05 1.47 49 47 59 85 30
Restricted Cash		 - - - 0.00 6.68 2.05 3.00 10 18 11 13
Accounts Receivable		 - - 0.00 0.58 8.48 9.41 40 28 50 31 29
Inventories, net		 - - 0.00 2.83 57 21 202 324 348 241 257
Prepaid Expenses		 - 0.00 0.00 0.31 1.21 3.45 6.34 7.40 6.00 3.60 5.50
Plant, Property, & Equipment, net		 0.00 0.00 0.00 3.36 6.43 6.52 21 76 77 64 61
Total Noncurrent Assets		 0.00 0.00 0.05 1.90 33 33 706 490 369 320 278
Intangible Assets		 0.00 0.00 - - - 0.05 302 247 203 162 127
Other Noncurrent Operating Assets		 - - 0.05 0.05 6.28 5.80 143 164 165 158 151
Total Liabilities & Shareholders' Equity		 0.01 0.00 1.40 18 113 77 1,028 1,027 926 755 674
Total Liabilities		 0.11 0.16 0.30 3.79 101 72 596 821 821 719 686
Total Current Liabilities		 0.02 0.11 0.22 2.29 74 35 179 312 395 324 297
Short-Term Debt		 0.02 0.10 0.00 1.08 61 21 102 220 327 249 219
Accounts Payable		 0.00 0.01 0.22 1.18 12 13 77 80 68 75 78
Total Noncurrent Liabilities		 0.09 0.05 0.09 1.49 27 37 417 510 426 394 390
Long-Term Debt		 0.08 0.03 0.00 1.46 22 32 283 374 239 212 207
Other Noncurrent Operating Liabilities		 0.01 0.01 0.01 0.03 4.75 5.11 127 135 187 182 182
Commitments & Contingencies		 - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -0.10 -0.15 1.09 14 13 4.57 432 206 106 37 -13
Total Preferred & Common Equity		 -0.10 -0.15 1.09 14 13 4.57 432 206 106 37 -13
Total Common Equity		 -0.10 -0.15 1.09 14 13 4.57 432 206 106 37 -13
Common Stock		 0.07 0.07 1.54 23 92 109 550 586 701 701 704
Retained Earnings		 -0.17 -0.22 -0.45 -9.02 -79 -104 -114 -376 -591 -660 -712
Treasury Stock		 - - - - - 0.00 -4.32 -4.30 -4.30 -4.30 -4.30

Quarterly Balance Sheets for RideNow Group

This table presents RideNow Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,059 899 896 831 739 712 699 722
Total Current Assets		 479 454 457 395 358 366 358 385
Cash & Equivalents		 41 50 58 50 41 45 35 30
Restricted Cash		 18 13 13 17 15 15 16 16
Accounts Receivable		 34 34 35 30 27 29 34 31
Inventories, net		 359 354 348 294 273 275 266 303
Prepaid Expenses		 5.65 3.80 2.60 4.20 2.70 2.50 6.80 4.70
Plant, Property, & Equipment, net		 79 75 73 72 62 62 62 60
Total Noncurrent Assets		 501 369 366 364 319 285 279 277
Intangible Assets		 240 203 202 202 162 128 128 127
Other Noncurrent Operating Assets		 169 167 164 163 157 157 151 150
Total Liabilities & Shareholders' Equity		 1,059 899 896 831 739 712 699 722
Total Liabilities		 884 806 803 747 712 717 706 738
Total Current Liabilities		 384 412 408 352 316 317 320 346
Short-Term Debt		 302 339 335 282 241 241 236 264
Accounts Payable		 82 72 73 70 74 76 84 82
Total Noncurrent Liabilities		 500 395 395 395 396 400 387 392
Long-Term Debt		 306 206 209 210 215 218 207 210
Other Noncurrent Operating Liabilities		 194 189 186 186 181 182 180 181
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 175 93 93 83 27 -4.70 -6.90 -16
Total Preferred & Common Equity		 175 93 93 83 27 -4.70 -6.90 -16
Total Common Equity		 175 93 93 83 27 -4.70 -6.90 -16
Common Stock		 602 689 690 691 701 701 703 705
Retained Earnings		 -423 -592 -592 -604 -670 -702 -706 -717
Treasury Stock		 -4.32 -4.30 -4.30 -4.30 -4.30 -4.30 -4.30 -4.30

Annual Metrics And Ratios for RideNow Group

This table displays calculated financial ratios and metrics derived from RideNow Group's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 11/30/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 5,500,000.00 5,500,000.00 12,928,541.00 17,468,291.00 22,233,620.00 2,191,633.00 14,932,022.00 16,193,685.00 16,859,299.00 35,370,954.00 38,067,502.00
DEI Adjusted Shares Outstanding		 275,000.00 275,000.00 646,427.00 873,415.00 1,111,681.00 2,191,633.00 14,932,022.00 16,193,685.00 16,859,299.00 35,370,954.00 38,067,502.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.01 -0.82 -12.40 - -27.71 -11.41 -0.65 -16.15 -12.78 -2.22 -1.38
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 4,181.42% 0.00% -50.46% 121.93% 57.86% -6.34% -11.50% -10.48%
EBITDA Growth		 69.43% -7,275.82% -3,245.60% -211.50% -50.82% 56.48% 68.73% -4,937.81% 79.91% 119.34% 106.82%
EBIT Growth		 68.19% -6,994.18% -3,638.34% -193.34% -55.93% 49.17% 19.21% -1,607.71% 69.56% 81.13% 102.72%
NOPAT Growth		 68.19% -6,994.18% -3,638.34% -105.34% -61.50% 50.89% 52.22% -2,833.02% 73.28% 78.13% 98.68%
Net Income Growth		 64.00% -5,925.70% -3,717.53% -193.72% 0.00% 44.66% 61.10% -2,588.95% 17.59% 63.53% 33.33%
EPS Growth		 66.67% 0.00% 0.00% -97.67% 0.00% 0.00% 87.67% -1,068.79% 26.27% 81.73% 37.84%
Operating Cash Flow Growth		 72.85% -241.47% -48,075.28% -143.70% 0.00% 143.13% -287.70% -45.13% 16.70% 355.53% -84.00%
Free Cash Flow Firm Growth		 0.00% 505.84% -16,065.18% -469.86% 63.42% 166.96% -3,306.19% 77.35% 162.60% 79.77% -83.42%
Invested Capital Growth		 -320.02% -1,105.05% 3,136.97% 962.85% 8.37% -39.48% 1,311.03% -2.60% -20.18% -32.51% -7.58%
Revenue Q/Q Growth		 0.00% 0.00% 278.39% 433.70% 0.00% 461.39% 40.22% -12.56% 7.08% -3.33% -1.16%
EBITDA Q/Q Growth		 -21.84% -563.52% -55.72% -33.58% 0.00% 35.48% 86.02% -297.65% 84.48% 132.35% 171.37%
EBIT Q/Q Growth		 -20.64% -535.46% -62.38% -30.61% 0.00% 29.24% 61.07% -389.05% 76.13% 71.57% 100.87%
NOPAT Q/Q Growth		 -20.64% -535.46% -62.38% -30.61% 0.00% 34.16% 69.21% -303.43% 78.81% 65.06% 99.57%
Net Income Q/Q Growth		 -18.45% -515.92% -62.06% -33.97% 0.00% 81.27% -115.42% -657.88% 35.62% 58.78% 48.83%
EPS Q/Q Growth		 0.00% -300.00% 0.00% -57.41% 0.00% 85.89% -115.51% -662.46% 0.00% 77.62% 50.89%
Operating Cash Flow Q/Q Growth		 -28.36% 72.56% -121.38% -16.53% 0.00% 40.02% 17.14% -45.76% -9.40% 106.22% -65.66%
Free Cash Flow Firm Q/Q Growth		 0.00% 359.44% -52.69% -427.57% 57.45% 10.21% -62.89% 63.83% 93.21% -1.59% -66.99%
Invested Capital Q/Q Growth		 -22.25% -3,091.83% 42.13% 708.78% 0.99% 11.41% 63.23% -26.02% -17.93% -21.08% -3.51%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 0.00% 3.81% 8.08% 6.02% 7.59% 17.12% 30.28% 26.34% 25.99% 27.53%
EBITDA Margin		 0.00% 0.00% -48.13% -7.00% -3.93% -3.45% -0.49% -15.53% -3.33% 0.73% 1.68%
Operating Margin		 0.00% 0.00% -54.60% -7.48% -4.50% -4.46% -0.96% -17.83% -5.09% -1.26% -0.02%
EBIT Margin		 0.00% 0.00% -54.60% -7.48% -4.34% -4.45% -1.62% -17.54% -5.70% -1.22% 0.04%
Profit (Net Income) Margin		 0.00% 0.00% -58.67% -8.05% -5.37% -6.00% -1.05% -17.92% -15.77% -6.50% -4.84%
Tax Burden Percent		 100.00% 99.77% 100.00% 100.00% 100.00% 100.00% 30.98% 85.60% 138.94% 99.75% 100.58%
Interest Burden Percent		 117.46% 105.48% 107.47% 107.61% 123.81% 134.77% 209.48% 119.38% 199.10% 536.05% -13,025.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% -148.62% -36.26% -30.75% -18.09% -1.52% -24.14% -7.27% -2.14% -0.04%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% -73.38% -75.22% -59.91% -37.12% -3.36% -42.38% -39.76% -18.07% -14.02%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 37.71% -75.21% -596.83% -268.31% -2.94% -57.88% -131.05% -108.33% -433.02%
Return on Equity (ROE)		 38.81% -47.74% -110.91% -111.46% -627.57% -286.40% -4.46% -82.02% -138.32% -110.47% -433.06%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -175.16% -201.86% -38.78% 31.10% -175.04% -21.50% 15.17% 36.69% 7.84%
Operating Return on Assets (OROA)		 0.00% 0.00% -81.61% -36.83% -64.36% -19.49% -2.71% -24.91% -7.98% -1.75% 0.06%
Return on Assets (ROA)		 0.00% 0.00% -87.70% -39.63% -79.68% -26.26% -1.76% -25.45% -22.06% -9.35% -7.33%
Return on Common Equity (ROCE)		 38.81% -47.74% -110.91% -111.46% -627.57% -286.40% -4.46% -82.02% -138.32% -110.47% -433.06%
Return on Equity Simple (ROE_SIMPLE)		 31.97% -20.54% -59.68% -81.71% -350.55% -547.02% -2.25% -126.94% -204.07% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.03 -0.15 -5.58 -16 -26 -13 -6.21 -182 -49 -11 -0.14
NOPAT Margin		 0.00% 0.00% -38.22% -5.24% -3.15% -3.12% -0.67% -12.48% -3.56% -0.88% -0.01%
Net Nonoperating Expense Percent (NNEP)		 17.51% -12.35% -75.25% 38.97% 29.17% 19.03% 1.84% 18.24% 32.49% 15.94% 13.98%
Return On Investment Capital (ROIC_SIMPLE)		 147.88% - - - - - - - -7.25% -2.14% -0.03%
Cost of Revenue to Revenue		 0.00% 0.00% 96.19% 91.92% 93.98% 92.41% 82.88% 69.72% 73.66% 74.01% 72.47%
SG&A Expenses to Revenue		 0.00% 0.00% 51.92% 11.21% 10.30% 12.89% 17.75% 24.30% 25.42% 22.78% 23.68%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 54.60% 15.56% 10.52% 12.05% 18.08% 48.10% 31.43% 27.25% 27.55%
Earnings before Interest and Taxes (EBIT)		 -0.04 -0.21 -7.98 -23 -36 -19 -15 -256 -78 -15 0.40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.04 -0.21 -7.03 -22 -33 -14 -4.50 -227 -46 8.80 18
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 4.68 73.63 1.42 14.48 1.44 0.51 1.30 5.23 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 5.37 481.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 4.60 7.25 0.02 0.16 0.67 0.07 0.10 0.16 0.19
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% -1.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 7.79 28.10 1.05 2.14 1.25 0.86 1.05 1.39 1.60
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 4.14 7.42 0.11 0.28 1.03 0.44 0.46 0.46 0.55
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 63.22 32.60
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,483.08
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 6.75 0.00 0.00 0.00 5.60 37.31
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 5.18 0.00 0.00 6.16 3.05 19.60
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -0.87 0.00 0.18 2.19 6.41 11.62 0.89 2.89 5.36 12.56 -34.08
Long-Term Debt to Equity		 -0.22 0.00 0.10 0.29 1.71 6.97 0.66 1.82 2.26 5.78 -16.58
Financial Leverage		 -0.90 -1.29 -0.51 1.00 9.96 7.23 0.88 1.37 3.30 5.99 30.88
Leverage Ratio		 -0.06 1.49 1.26 2.81 8.80 10.90 2.53 3.22 6.27 11.82 59.04
Compound Leverage Factor		 -0.07 1.57 1.36 3.03 10.89 14.70 5.31 3.85 12.48 63.34 -7,690.13
Debt to Total Capital		 -676.19% 0.12% 15.03% 68.61% 86.50% 92.08% 47.12% 74.27% 84.27% 92.63% 103.02%
Short-Term Debt to Total Capital		 -508.41% 0.00% 6.40% 59.65% 63.39% 36.85% 12.47% 27.50% 48.70% 50.03% 52.91%
Long-Term Debt to Total Capital		 -167.78% 0.12% 8.63% 8.96% 23.11% 55.23% 34.65% 46.77% 35.56% 42.60% 50.11%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 776.19% 99.88% 84.97% 31.39% 13.50% 7.92% 52.88% 25.73% 15.73% 7.37% -3.02%
Debt to EBITDA		 -3.35 -0.01 -0.36 -3.07 -2.50 -3.69 -85.54 -2.62 -12.43 52.39 23.41
Net Debt to EBITDA		 -3.31 6.42 0.94 -2.35 -2.30 -3.45 -73.98 -2.37 -10.74 41.40 21.05
Long-Term Debt to EBITDA		 -0.83 -0.01 -0.21 -0.40 -0.67 -2.22 -62.91 -1.65 -5.25 24.09 11.38
Debt to NOPAT		 -4.57 -0.01 -0.46 -4.11 -3.12 -4.09 -61.95 -3.27 -11.63 -43.33 -3,042.86
Net Debt to NOPAT		 -4.52 9.03 1.19 -3.15 -2.87 -3.82 -53.58 -2.95 -10.04 -34.24 -2,736.43
Long-Term Debt to NOPAT		 -1.13 -0.01 -0.26 -0.54 -0.83 -2.45 -45.56 -2.06 -4.91 -19.92 -1,480.00
Altman Z-Score		 0.00 0.00 10.00 19.24 5.48 3.30 1.46 0.34 0.52 0.55 0.38
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.01 6.17 5.62 1.12 1.00 1.06 1.68 1.48 1.22 1.14 1.13
Quick Ratio		 0.01 6.16 4.25 0.25 0.12 0.31 0.50 0.35 0.28 0.36 0.20
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -0.01 0.09 -14 -91 -33 22 -716 -162 102 183 30
Operating Cash Flow to CapEx		 0.00% -43.89% -512.08% -133.52% -1,026.74% 751.23% -428.06% -370.63% -246.20% 0.00% 588.89%
Free Cash Flow to Firm to Interest Expense		 -1.78 7.29 -22.84 -51.21 -3.84 3.46 -43.66 -3.27 1.32 2.85 0.58
Operating Cash Flow to Interest Expense		 -4.50 -1.71 -16.15 -13.17 -4.58 2.66 -1.96 -0.94 -0.50 1.55 0.30
Operating Cash Flow Less CapEx to Interest Expense		 -4.50 -5.60 -19.30 -23.03 -5.02 2.30 -2.42 -1.20 -0.71 1.58 0.25
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 1.49 4.92 14.83 4.37 1.67 1.42 1.40 1.44 1.52
Accounts Receivable Turnover		 0.00 0.00 0.00 69.18 0.00 46.55 37.28 42.80 34.90 29.93 36.45
Inventory Turnover		 0.00 0.00 0.00 10.45 0.00 9.77 6.87 3.87 3.00 3.04 3.15
Fixed Asset Turnover		 0.00 0.00 0.00 73.27 0.00 64.32 66.16 29.92 17.87 17.24 17.46
Accounts Payable Turnover		 0.00 0.00 20.10 49.01 0.00 30.80 17.04 12.97 13.64 12.47 10.25
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 5.28 0.00 7.84 9.79 8.53 10.46 12.19 10.01
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 34.93 0.00 37.34 53.14 94.22 121.67 119.93 115.85
Days Payable Outstanding (DPO)		 0.00 0.00 18.16 7.45 0.00 11.85 21.41 28.14 26.76 29.26 35.62
Cash Conversion Cycle (CCC)		 0.00 0.00 -18.16 32.75 0.00 33.34 41.51 74.61 105.36 102.86 90.25
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -0.02 -0.26 7.77 83 89 54 764 744 594 401 371
Invested Capital Turnover		 0.00 0.00 3.89 6.92 9.77 5.80 2.26 1.93 2.04 2.43 2.81
Increase / (Decrease) in Invested Capital		 -0.02 -0.23 8.03 75 6.91 -35 710 -20 -150 -193 -30
Enterprise Value (EV)		 0.00 0.00 61 2,321 94 116 953 642 626 556 593
Market Capitalization		 0.00 0.00 67 2,269 18 66 620 105 137 192 210
Book Value per Share		 ($0.03) $0.20 $1.11 $1.46 $0.58 $2.09 $28.91 $12.72 $6.26 $1.04 ($0.33)
Tangible Book Value per Share		 ($0.03) $0.20 $0.97 $0.22 ($0.63) ($10.20) ($8.80) ($3.86) ($5.80) ($3.54) ($3.66)
Total Capital		 -0.02 1.09 17 98 95 58 816 801 671 498 414
Total Debt		 0.13 0.00 2.54 67 83 53 385 595 566 461 426
Total Long-Term Debt		 0.03 0.00 1.46 8.79 22 32 283 374 239 212 207
Net Debt		 0.13 -1.35 -6.63 52 76 50 333 538 489 364 383
Capital Expenditures (CapEx)		 0.00 0.05 1.88 18 3.87 2.28 7.52 13 16 -1.60 2.70
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.01 -0.22 2.51 51 54 20 171 312 336 199 214
Debt-free Net Working Capital (DFNWC)		 -0.01 1.13 12 67 61 24 223 369 413 296 257
Net Working Capital (NWC)		 -0.11 1.13 11 8.22 0.11 2.29 121 149 86 47 38
Net Nonoperating Expense (NNE)		 0.02 0.08 2.99 8.80 19 12 3.52 79 167 68 52
Net Nonoperating Obligations (NNO)		 0.13 -1.35 -6.60 52 77 50 333 538 489 364 383
Total Depreciation and Amortization (D&A)		 0.00 0.00 0.94 1.49 3.45 4.17 10 29 32 24 18
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 17.16% 16.30% 6.41% 4.81% 18.49% 21.41% 24.57% 16.48% 19.78%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 79.92% 21.35% 7.21% 5.65% 24.11% 25.31% 30.20% 24.48% 23.74%
Net Working Capital to Revenue		 0.00% 0.00% 72.52% 2.63% 0.01% 0.55% 13.10% 10.22% 6.28% 3.89% 3.53%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.20) ($0.80) ($17.20) ($1.70) $0.00 ($11.44) ($1.41) ($16.48) ($12.15) ($2.22) ($1.38)
Adjusted Weighted Average Basic Shares Outstanding		 254.45K 279.07K 495.88K 14.83M 0.00 2.18M 6.92M 15.87M 17.74M 35.38M 37.96M
Adjusted Diluted Earnings per Share		 $0.00 ($0.80) ($17.20) ($1.70) $0.00 $0.00 ($1.41) ($16.48) ($12.15) ($2.22) ($1.38)
Adjusted Weighted Average Diluted Shares Outstanding		 275K 279.07K 646.43K 21.09M 0.00 2.34M 6.92M 15.87M 17.74M 35.38M 37.96M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.80) ($17.20) ($1.70) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 275K 346.19K 646.43K 21.09M 0.00 2.34M 0.00 16.32M 35.20M 37.79M 38.41M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.03 -0.15 -5.58 -16 -26 -17 -8.40 45 -6.58 17 23
Normalized NOPAT Margin		 0.00% 0.00% -38.22% -5.24% -3.15% -4.06% -0.91% 3.08% -0.48% 1.42% 2.11%
Pre Tax Income Margin		 0.00% 0.00% -58.67% -8.05% -5.37% -6.00% -3.40% -20.94% -11.35% -6.52% -4.81%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -5.73 -18.24 -13.39 -13.14 -4.20 -2.88 -0.91 -5.16 -1.01 -0.23 0.01
NOPAT to Interest Expense		 -4.01 -12.77 -9.37 -9.20 -3.05 -2.01 -0.38 -3.67 -0.63 -0.17 0.00
EBIT Less CapEx to Interest Expense		 -5.73 -22.13 -16.54 -23.01 -4.65 -3.23 -1.37 -5.41 -1.21 -0.20 -0.04
NOPAT Less CapEx to Interest Expense		 -4.01 -16.66 -12.52 -19.06 -3.49 -2.37 -0.84 -3.92 -0.83 -0.14 -0.05
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -10.24% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for RideNow Group

This table displays calculated financial ratios and metrics derived from RideNow Group's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 16,721,994.00 16,859,299.00 35,203,241.00 35,257,240.00 35,322,485.00 35,370,954.00 37,787,799.00 37,859,028.00 38,052,422.00 38,067,502.00 38,411,703.00
DEI Adjusted Shares Outstanding		 16,721,994.00 16,859,299.00 35,203,241.00 35,257,240.00 35,322,485.00 35,370,954.00 37,787,799.00 37,859,028.00 38,052,422.00 38,067,502.00 38,411,703.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.99 -9.99 -0.29 -0.02 -0.32 -1.59 -0.26 -0.85 -0.11 -0.17 -0.11
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -11.18% 40.91% -7.95% -11.99% -12.75% -13.37% -20.50% -10.96% -4.75% -4.71% 6.42%
EBITDA Growth		 -59.33% 77.95% 77.78% 137.93% 14.58% 51.36% -21.43% -168.12% 26.36% 128.15% 25.00%
EBIT Growth		 -100.60% 76.11% 885.71% 1,611.11% 5,500.00% 47.44% -27.27% -220.78% 75.93% 113.41% 87.50%
NOPAT Growth		 -101.18% 78.83% 842.86% 1,825.00% 2,750.00% 40.78% -26.92% -222.08% 77.36% 113.14% 100.00%
Net Income Growth		 -642.94% 41.43% 39.05% 94.85% 32.12% 66.53% 5.83% -4,500.00% 63.39% 88.65% 55.67%
EPS Growth		 -530.43% 0.00% 72.12% 97.59% 67.68% 82.88% 10.34% -4,150.00% 65.63% 89.94% 57.69%
Operating Cash Flow Growth		 77.98% -19.59% 88.89% 183.56% 405.43% 250.98% -140.59% -10.66% -70.81% -98.70% -300.00%
Free Cash Flow Firm Growth		 153.60% 148.47% 17.81% 3.57% -22.11% 61.81% -16.99% -17.91% -40.55% -79.21% -86.21%
Invested Capital Growth		 -28.04% -20.18% -23.58% -24.34% -29.83% -32.51% -25.68% -30.30% -24.40% -7.58% -3.61%
Revenue Q/Q Growth		 -11.65% -7.96% -1.09% 9.42% -12.41% -8.61% -9.24% 22.56% -6.30% -8.58% 1.36%
EBITDA Q/Q Growth		 10.34% -830.21% 115.98% 84.82% -46.86% -410.00% 125.81% -260.23% 198.58% -30.94% 14.58%
EBIT Q/Q Growth		 -111.11% -77,900.00% 107.05% 180.00% -64.94% -859.26% 109.76% -565.00% 151.08% -42.11% 36.36%
NOPAT Q/Q Growth		 -125.00% -34,600.00% 107.49% 196.15% -65.58% -875.47% 109.25% -594.74% 150.00% -42.55% 40.74%
Net Income Q/Q Growth		 -21.32% -921.21% 93.89% 93.20% -1,500.00% -403.57% 82.80% -231.96% 87.27% -56.10% 32.81%
EPS Q/Q Growth		 -19.28% -838.38% 96.88% 93.10% -1,500.00% -396.88% 83.65% -226.92% 87.06% -45.45% 31.25%
Operating Cash Flow Q/Q Growth		 11.64% -58.14% 183.33% -28.24% 222.95% -21.83% -122.40% 257.97% 5.50% -96.52% -7,000.00%
Free Cash Flow Firm Q/Q Growth		 51.61% -63.96% 78.12% 6.43% 14.02% -25.14% -8.62% 5.24% -17.43% -73.82% -39.38%
Invested Capital Q/Q Growth		 -3.11% -17.93% -3.28% -1.62% -10.13% -21.08% 6.51% -7.73% -2.54% -3.51% 11.09%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 27.21% 22.88% 26.84% 26.69% 25.19% 25.04% 27.46% 27.98% 27.05% 27.60% 27.50%
EBITDA Margin		 2.84% -22.53% 3.64% 6.15% 3.73% -12.65% 3.60% -4.70% 4.95% 3.74% 4.22%
Operating Margin		 -0.06% -22.30% 1.69% 4.57% 1.80% -15.24% 1.55% -6.27% 3.35% 2.10% 2.92%
EBIT Margin		 -0.03% -25.06% 1.79% 4.57% 1.83% -15.21% 1.63% -6.20% 3.38% 2.14% 2.88%
Profit (Net Income) Margin		 -4.88% -54.15% -3.35% -0.21% -3.80% -20.92% -3.96% -10.74% -1.46% -2.49% -1.65%
Tax Burden Percent		 82.50% 169.52% 97.17% 87.50% 100.00% 100.36% 101.04% 100.31% 102.50% 100.00% 102.38%
Interest Burden Percent		 20,000.00% 127.44% -192.73% -5.19% -207.41% 137.07% -240.00% 172.58% -42.11% -116.36% -56.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -0.06% -31.87% 2.39% 6.31% 2.55% -25.93% 2.49% -10.15% 5.75% 4.13% 5.35%
ROIC Less NNEP Spread (ROIC-NNEP)		 -3.14% -55.22% -0.29% 4.10% -0.51% -32.41% -0.31% -14.52% 3.13% 1.40% 3.03%
Return on Net Nonoperating Assets (RNNOA)		 -5.00% -182.01% -1.05% 15.38% -1.92% -194.26% -2.32% -142.53% 33.43% 43.37% 234.21%
Return on Equity (ROE)		 -5.07% -213.88% 1.34% 21.69% 0.63% -220.19% 0.16% -152.68% 39.18% 47.50% 239.56%
Cash Return on Invested Capital (CROIC)		 6.08% 15.17% 20.03% 22.48% 30.11% 36.69% 27.15% 28.37% 20.55% 7.84% 4.27%
Operating Return on Assets (OROA)		 -0.03% -35.06% 2.47% 6.12% 2.42% -21.87% 2.29% -8.55% 4.84% 3.24% 4.33%
Return on Assets (ROA)		 -5.27% -75.75% -4.63% -0.28% -5.03% -30.09% -5.55% -14.81% -2.09% -3.77% -2.48%
Return on Common Equity (ROCE)		 -5.07% -213.88% 1.34% 21.69% 0.63% -220.19% 0.16% -152.68% 39.18% 47.50% 239.56%
Return on Equity Simple (ROE_SIMPLE)		 -191.12% 0.00% -225.35% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.14 -49 3.64 11 3.71 -29 2.66 -13 6.58 3.78 5.32
NOPAT Margin		 -0.04% -15.61% 1.18% 3.20% 1.26% -10.67% 1.09% -4.39% 2.34% 1.47% 2.04%
Net Nonoperating Expense Percent (NNEP)		 3.08% 23.35% 2.68% 2.21% 3.06% 6.48% 2.80% 4.37% 2.62% 2.72% 2.32%
Return On Investment Capital (ROIC_SIMPLE)		 - -7.24% 0.57% 1.69% 0.65% -5.78% 0.55% -2.90% 1.51% 0.91% 1.16%
Cost of Revenue to Revenue		 72.79% 77.12% 73.16% 73.31% 74.81% 74.96% 72.54% 72.02% 72.95% 72.40% 72.50%
SG&A Expenses to Revenue		 25.14% 24.33% 24.01% 21.20% 22.34% 23.81% 24.97% 22.24% 22.92% 24.95% 23.85%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 27.27% 45.18% 25.15% 22.12% 23.39% 40.28% 25.91% 34.24% 23.70% 25.50% 24.58%
Earnings before Interest and Taxes (EBIT)		 -0.10 -78 5.50 15 5.40 -41 4.00 -19 9.50 5.50 7.50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 9.60 -70 11 21 11 -34 8.80 -14 14 9.60 11
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.59 1.30 2.45 1.55 2.03 5.23 3.96 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.08 0.10 0.17 0.11 0.14 0.16 0.09 0.08 0.15 0.19 0.25
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.90 1.05 1.23 1.09 1.17 1.39 1.19 1.23 1.45 1.60 1.70
Enterprise Value to Revenue (EV/Rev)		 0.51 0.46 0.53 0.48 0.47 0.46 0.44 0.44 0.51 0.55 0.64
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 63.22 79.18 0.00 0.00 32.60 34.27
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,483.08 179.25
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 277.42
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 12.32 5.60 6.71 6.55 12.06 37.31 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 12.38 6.16 5.34 4.18 3.20 3.05 3.73 3.57 6.09 19.60 39.01
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 3.47 5.36 5.88 5.81 5.90 12.56 16.97 -97.57 -64.17 -34.08 -29.28
Long-Term Debt to Equity		 1.75 2.26 2.22 2.23 2.52 5.78 8.00 -46.38 -30.01 -16.58 -12.99
Financial Leverage		 1.60 3.30 3.66 3.76 3.77 5.99 7.38 9.82 10.68 30.88 77.39
Leverage Ratio		 3.55 6.27 6.80 7.00 7.31 11.82 13.69 18.13 20.02 59.04 136.50
Compound Leverage Factor		 709.01 7.99 -13.11 -0.36 -15.16 16.20 -32.86 31.29 -8.43 -68.70 -76.44
Debt to Total Capital		 77.63% 84.27% 85.47% 85.33% 85.51% 92.63% 94.43% 101.04% 101.58% 103.02% 103.54%
Short-Term Debt to Total Capital		 38.57% 48.70% 53.19% 52.57% 49.01% 50.03% 49.93% 53.01% 54.07% 52.91% 57.61%
Long-Term Debt to Total Capital		 39.06% 35.56% 32.28% 32.76% 36.50% 42.60% 44.51% 48.03% 47.51% 50.11% 45.93%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 22.37% 15.73% 14.53% 14.67% 14.49% 7.37% 5.57% -1.04% -1.58% -3.02% -3.54%
Debt to EBITDA		 -2.07 -12.43 -13.43 -18.99 -18.07 52.39 71.31 -16.15 -17.36 23.41 23.25
Net Debt to EBITDA		 -1.87 -10.74 -11.87 -16.50 -15.62 41.40 62.53 -14.04 -15.33 21.05 20.98
Long-Term Debt to EBITDA		 -1.04 -5.25 -5.07 -7.29 -7.71 24.09 33.61 -7.68 -8.12 11.38 10.31
Debt to NOPAT		 -2.65 -11.63 -12.25 -15.83 -16.14 -43.33 -39.28 -13.02 -13.69 -3,042.86 188.21
Net Debt to NOPAT		 -2.39 -10.04 -10.83 -13.76 -13.95 -34.24 -34.44 -11.33 -12.09 -2,736.43 169.80
Long-Term Debt to NOPAT		 -1.33 -4.91 -4.63 -6.08 -6.89 -19.92 -18.51 -6.19 -6.40 -1,480.00 83.49
Altman Z-Score		 0.82 0.52 0.82 0.75 0.71 0.43 0.46 0.25 0.41 0.41 0.45
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.25 1.22 1.10 1.12 1.12 1.14 1.14 1.16 1.12 1.13 1.11
Quick Ratio		 0.25 0.28 0.20 0.23 0.23 0.36 0.22 0.23 0.22 0.20 0.18
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 282 102 181 193 220 164 150 158 131 34 21
Operating Cash Flow to CapEx		 -537.50% -323.81% 2,428.57% 1,742.86% 6,566.67% 7,700.00% -1,380.00% 454.17% 522.73% 57.14% -3,942.86%
Free Cash Flow to Firm to Interest Expense		 14.17 4.75 11.24 11.89 13.23 10.82 11.05 11.71 9.67 2.87 1.77
Operating Cash Flow to Interest Expense		 -0.65 -0.95 1.06 0.75 2.37 2.03 -0.51 0.81 0.85 0.03 -2.36
Operating Cash Flow Less CapEx to Interest Expense		 -0.77 -1.25 1.01 0.71 2.34 2.00 -0.54 0.63 0.69 -0.03 -2.42
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.08 1.40 1.38 1.34 1.32 1.44 1.40 1.38 1.43 1.52 1.50
Accounts Receivable Turnover		 36.95 34.90 39.65 35.55 39.28 29.93 38.01 34.45 34.39 36.45 37.87
Inventory Turnover		 2.63 3.00 2.88 2.85 2.86 3.04 2.71 2.62 2.86 3.15 2.77
Fixed Asset Turnover		 16.39 17.87 17.67 16.73 16.67 17.24 16.78 16.43 16.41 17.46 18.02
Accounts Payable Turnover		 11.37 13.64 12.53 12.14 12.27 12.47 11.57 10.92 10.39 10.25 10.16
Days Sales Outstanding (DSO)		 9.88 10.46 9.21 10.27 9.29 12.19 9.60 10.60 10.61 10.01 9.64
Days Inventory Outstanding (DIO)		 138.63 121.67 126.92 128.16 127.63 119.93 134.91 139.17 127.59 115.85 131.89
Days Payable Outstanding (DPO)		 32.11 26.76 29.13 30.06 29.74 29.26 31.54 33.42 35.13 35.62 35.91
Cash Conversion Cycle (CCC)		 116.40 105.36 107.00 108.36 107.18 102.86 112.98 116.34 103.07 90.25 105.61
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 724 594 575 565 508 401 427 394 384 371 412
Invested Capital Turnover		 1.48 2.04 2.02 1.97 2.03 2.43 2.29 2.31 2.46 2.81 2.62
Increase / (Decrease) in Invested Capital		 -282 -150 -177 -182 -216 -193 -148 -171 -124 -30 -15
Enterprise Value (EV)		 651 626 709 617 594 556 507 486 558 593 699
Market Capitalization		 103 137 227 145 169 192 107 87 167 210 271
Book Value per Share		 $10.47 $6.26 $2.63 $2.65 $2.36 $1.04 $0.71 ($0.12) ($0.18) ($0.33) ($0.42)
Tangible Book Value per Share		 ($5.34) ($5.80) ($3.12) ($3.07) ($3.35) ($3.54) ($3.57) ($3.50) ($3.54) ($3.66) ($3.73)
Total Capital		 783 671 638 637 575 498 483 454 436 414 458
Total Debt		 608 566 545 543 492 461 456 459 443 426 474
Total Long-Term Debt		 306 239 206 209 210 212 215 218 207 207 210
Net Debt		 548 489 482 472 425 364 400 399 391 383 428
Capital Expenditures (CapEx)		 2.40 6.30 0.70 0.70 0.60 0.40 0.50 2.40 2.20 0.70 0.70
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 337 336 319 312 258 199 228 230 223 214 256
Debt-free Net Working Capital (DFNWC)		 397 413 382 384 324 296 284 290 274 257 303
Net Working Capital (NWC)		 95 86 43 49 43 47 43 49 39 38 39
Net Nonoperating Expense (NNE)		 16 120 14 11 15 28 12 19 11 10 9.62
Net Nonoperating Obligations (NNO)		 549 489 482 472 425 364 400 399 391 383 428
Total Depreciation and Amortization (D&A)		 9.70 7.90 5.70 5.30 5.60 6.90 4.80 4.50 4.40 4.10 3.50
Debt-free, Cash-free Net Working Capital to Revenue		 26.43% 24.57% 23.80% 24.14% 20.60% 16.48% 19.88% 20.74% 20.33% 19.78% 23.32%
Debt-free Net Working Capital to Revenue		 31.08% 30.20% 28.53% 29.64% 25.94% 24.48% 24.78% 26.14% 25.05% 23.74% 27.55%
Net Working Capital to Revenue		 7.42% 6.28% 3.20% 3.78% 3.41% 3.89% 3.73% 4.44% 3.53% 3.53% 3.51%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.99) ($9.29) ($0.29) ($0.02) ($0.32) ($1.59) ($0.26) ($0.85) ($0.11) ($0.16) ($0.11)
Adjusted Weighted Average Basic Shares Outstanding		 16.67M 17.74M 35.13M 35.21M 35.28M 35.38M 37.79M 37.91M 38.05M 37.96M 38.41M
Adjusted Diluted Earnings per Share		 ($0.99) ($9.29) ($0.29) ($0.02) ($0.32) ($1.59) ($0.26) ($0.85) ($0.11) ($0.16) ($0.11)
Adjusted Weighted Average Diluted Shares Outstanding		 16.67M 17.74M 35.13M 35.21M 35.28M 35.38M 37.79M 37.91M 38.05M 37.96M 38.41M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 16.86M 35.20M 35.26M 35.32M 35.37M 37.79M 37.86M 38.05M 38.07M 38.41M 38.59M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.14 -49 3.64 11 3.71 -29 2.66 11 6.58 3.78 5.32
Normalized NOPAT Margin		 -0.04% -15.61% 1.18% 3.20% 1.26% -10.67% 1.09% 3.55% 2.34% 1.47% 2.04%
Pre Tax Income Margin		 -5.92% -31.94% -3.44% -0.24% -3.80% -20.85% -3.92% -10.70% -1.42% -2.49% -1.61%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.01 -3.64 0.34 0.95 0.33 -2.70 0.29 -1.38 0.70 0.46 0.64
NOPAT to Interest Expense		 -0.01 -2.27 0.23 0.67 0.22 -1.89 0.20 -0.97 0.49 0.32 0.45
EBIT Less CapEx to Interest Expense		 -0.13 -3.94 0.30 0.91 0.29 -2.72 0.26 -1.56 0.54 0.40 0.58
NOPAT Less CapEx to Interest Expense		 -0.13 -2.56 0.18 0.62 0.19 -1.92 0.16 -1.15 0.32 0.26 0.39
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

RideNow Group (NASDAQ:RDNW) shows a mixed picture, with improving quarterly operating performance in 2026 but still weak profitability, elevated debt, and a leveraged balance sheet. Revenue in Q1 2026 was slightly higher than the prior year period, gross margin held steady, and operating cash flow improved sharply versus the first quarter of 2025. However, the company remained unprofitable, interest expense stayed heavy, and liabilities still exceeded assets with negative shareholder equity.

  • Operating cash flow improved materially year over year in Q1 2026. Net cash from operating activities was a deficit of $27.6 million, better than the $6.9 million deficit in Q1 2025, and far better than the deep cash burn seen in some earlier periods.
  • Revenue was modestly higher in Q1 2026. Total revenue rose to $260.4 million from $244.7 million in Q1 2025, suggesting the top line remains resilient.
  • Gross profit also improved year over year. Gross profit increased to $71.6 million from $67.2 million, showing the company preserved decent gross margin even with a smaller revenue base than in 2024.
  • Inventory came down from late 2025 levels. Inventories net fell to $302.5 million in Q1 2026 from $266.0 million in Q3 2025? Actually, relative to Q4 2025 inventory was $302.5 million versus $266.0 million in Q3 2025, so near-term inventory management improved from the year-end build and remained a major working-capital lever.
  • Cash and equivalents increased from Q4 2025. Cash rose to $30.2 million from $35.4 million in Q3 2025 after a small sequential decline versus Q4 2025 ending levels, while total restricted cash added another $16.2 million of liquidity.
  • Depreciation and amortization remain meaningful non-cash add-backs. These charges helped offset reported losses in cash flow, but they also reflect a capital-intensive business and past acquisition activity.
  • Share count was relatively stable. Basic weighted average shares were 38.4 million in Q1 2026 versus 37.8 million in Q1 2025, so dilution was not a major near-term issue in the period.
  • The company remained unprofitable in Q1 2026. Net loss was $4.3 million, better than Q1 2025’s $9.7 million loss, but still negative.
  • Interest expense continues to be a major drag. Interest expense was $11.7 million in Q1 2026, well above operating income of $7.6 million, which pushed the company back into a pre-tax loss.
  • The balance sheet remains highly leveraged and underwater on equity. Total liabilities were $737.9 million versus total assets of $721.7 million, and common equity was negative $16.2 million.
  • Debt remains large across both short- and long-term maturities. Short-term debt was $263.9 million and long-term debt was $210.4 million at the end of Q1 2026, leaving the company with substantial refinancing and interest-rate risk.
  • Working capital pressure is still significant. Current liabilities of $346.2 million exceeded current assets of $384.8 million only modestly, and inventory makes up a large portion of current assets, which can limit financial flexibility.

Bottom line: RideNow appears to be making progress on operating execution and cash generation, but the capital structure is still the biggest concern. Until the company can sustain positive earnings and reduce leverage, the equity story will likely remain driven by debt reduction and balance-sheet repair rather than clean profit growth.

07/11/26 03:31 PM ETAI Generated. May Contain Errors.

RideNow Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, RideNow Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

RideNow Group's net income appears to be on an upward trend, with a most recent value of -$52.40 million in 2025, rising from -$135.60 thousand in 2014. The previous period was -$78.60 million in 2024. See RideNow Group's forecast for analyst expectations on what's next for the company.

RideNow Group's total operating income in 2025 was -$200 thousand, based on the following breakdown:
  • Total Gross Profit: $298 million
  • Total Operating Expenses: $298.20 million

Over the last 10 years, RideNow Group's total revenue changed from $0.00 in 2014 to $1.08 billion in 2025, a change of 108,250,000,000.0%.

RideNow Group's total liabilities were at $686.10 million at the end of 2025, a 4.5% decrease from 2024, and a 624,734.9% increase since 2014.

In the past 10 years, RideNow Group's cash and equivalents has ranged from $1.56 thousand in 2015 to $85.30 million in 2024, and is currently $29.50 million as of their latest financial filing in 2025.

Over the last 10 years, RideNow Group's book value per share changed from -0.03 in 2015 to -0.33 in 2025, a change of 1,081.3%.


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Financial statements for NASDAQ:RDNW last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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