{"schema_version":"secwatch.filing_event.v1","accession":"0001596961-23-000009","form_type":"8-K","ticker":"RDNW","cik":"0001596961","company_name":"RideNow Group, Inc.","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.586456+00:00","generated_at":"2026-06-15T06:25:28.673189+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"RumbleOn Q1 net loss $16.9M ($1.04/sh); announces $10-15M SG&A reduction plan","bullets":["Net loss $16.9M, diluted EPS $(1.04); adjusted net income $0.8M, adjusted diluted EPS $0.05.","Revenue $346.3M; total unit sales 17,336 (10,436 new, 6,900 used); gross profit margin 26.3%.","Adjusted EBITDA $10.7M, impacted by margin compression and lag in SG&A reductions.","Announced additional $10-$15M SG&A expense reduction plan for remainder of 2023.","Reiterated full-year 2023 outlook; management says back on plan in March and April."],"urls":{"canonical":"https://secwatch.observer/filing/0001596961-23-000009","json":"https://secwatch.observer/filing/0001596961-23-000009.json","markdown":"https://secwatch.observer/filing/0001596961-23-000009.md","text":"https://secwatch.observer/filing/0001596961-23-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1596961/000159696123000009/0001596961-23-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1596961/000159696123000009/rmbl-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T06:25:28.673189+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"927ea53bdc4e83cb89d5a429fa70cfa05e5e3c1c","claim":"RideNow Group, Inc. reported three months ended March 31, 2023 results: revenue Total Company Revenue of $346.3 million, net income Net Loss of $(16.9) million, EPS Diluted Loss per Share of $(1.04). Guidance reaffirmed.","evidence_excerpt":"First Quarter 2023 Financial and Operational Highlights • Total Unit Sales of 17,336, primarily comprised of 10,436 New Units and 6,900 Used Units, resulting in New:Used ratio of 1.5x, similar to prior quarter • Total Company Revenue of $346.3 million • Total Company Gross Profit of $91.0 million; Total Company Gross Profit Margin of 26.3% increased 110 bps sequentially • Net Loss of $(16.9) million with Diluted Loss per Share of $(1.04) • Adjusted Net Income of $0.8 million with Adjusted Diluted Earnings per Share of $0.05 • Adjusted EBITDA of $10.7 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1596961/000159696123000009/0001596961-23-000009-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2023"},{"label":"Revenue","value":"Total Company Revenue of $346.3 million"},{"label":"Net income","value":"Net Loss of $(16.9) million"},{"label":"EPS","value":"Diluted Loss per Share of $(1.04)"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}