RideNow Group Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw 3% same-store revenue growth and a 19.2% rise in adjusted EBITDA, despite lower total revenue from store closures. Operational improvements, disciplined cost control, and strategic milestones strengthened liquidity and set the stage for future acquisitions.
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Attendees confirmed quorum and voted on three proposals: all director nominees were elected, executive compensation was approved, and the auditor's appointment was ratified. Final voting results will be filed with the SEC.
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Q1 2026 saw 6.4% revenue growth and a 32.9% rise in adjusted EBITDA, driven by strong new and pre-owned unit sales and improved margins. Management remains optimistic for 2026, focusing on operational execution, cost control, and accretive acquisitions.
Fiscal Year 2025
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Q4 saw a 341% increase in adjusted EBITDA to $9.7M, driven by operational improvements and cost reductions, despite a revenue dip from exiting Wholesale Express. Same-store sales and gross profit rose, and liquidity remains strong heading into 2026.
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Q3 2025 saw strong adjusted EBITDA growth and improved gross profit, despite lower revenue from transportation services. Powersports segment achieved post-COVID year-over-year gains in revenue and unit sales, with healthier inventory and margins.
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Q2 2025 revenue was $300M with adjusted EBITDA up year-over-year despite lower sales. Cost discipline, improved margins, and a shift to pre-owned units offset volume declines. The company is rebranding, extending debt maturity, and sees signs of market stabilization.
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Q1 2025 saw revenue and unit sales decline year-over-year, but gross profit per unit improved due to a higher mix of pre-owned sales and cost-saving initiatives. Liquidity remains strong, and new leadership appointments aim to drive long-term growth despite ongoing macro and industry challenges.
Fiscal Year 2024
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Q4 revenue fell 13.4% year-over-year to $269.6M, but adjusted EBITDA improved. Inventory reduction exceeded targets, liquidity remains strong, and leadership is focused on cost control and operational discipline amid macro and tariff uncertainties.
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Q3 2024 revenue fell 12.7% year-over-year to $295 million, with Adjusted EBITDA down 26.1%. A $30 million capital infusion and cost optimization efforts support debt repayment and liquidity, while inventory reduction and margin improvement remain key priorities.
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Revenue and EBITDA declined year-over-year due to industry headwinds, but cost reductions and operational improvements drove positive free cash flow. Inventory reduction and a new pre-owned center are key initiatives, with management focused on Vision 2026 targets despite ongoing macro challenges.