RumbleOn Q1 2024: Revenue down 8% to $307.8M, Adj EBITDA up 8.3% to $11.7M, operating income $5.2M

RideNow Group, Inc.

2024-Q1 EPS reported -$0.29 revenue$307,800,000

Revenue $307.8M, down 8.0% YoY; operating income of $5.2M vs operating loss of $0.7M last year.
Adjusted EBITDA $11.7M, up 8.3%; net loss narrowed to $10.3M from $16.9M.
Powersports revenue $293.5M, down 8.2%; new unit retail sales up 0.6% to 10,503; pre-owned down 13.4% to 5,005.
SG&A expenses $73.9M, down 14.4%; gross profit margin 26.8%, down 20 bps.
CEO highlights Vision 2026 turnaround progress in challenging macro environment.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RideNow Group, Inc. reported financial results for the three months ended March 31, 2024.

Period: the three months ended March 31, 2024
Result: reported results

Exact text from the filing

On May 8, 2024, RumbleOn, Inc. (the “Company”) issued a press release reporting its results for the first quarter ended March 31, 2024.

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13 earnings releases filed in the last 30 days. Browse all earnings releases →

RideNow Group, Inc. filing history →

Source: SEC EDGAR

accession 0001596961-24-000049

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