---
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"
generated_at: "2026-06-15T06:25:28.673189+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# RumbleOn Q1 net loss $16.9M ($1.04/sh); announces $10-15M SG&A reduction plan

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001596961-23-000009
- JSON: https://secwatch.observer/filing/0001596961-23-000009.json
- Plain text: https://secwatch.observer/filing/0001596961-23-000009.txt

## Key facts
- Earnings Releases
  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.
  - Period: three months ended March 31, 2023
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1596961/000159696123000009/0001596961-23-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.