---
schema_version: "secwatch.filing_event.v1"
accession: "0001596961-24-000049"
form_type: "8-K"
ticker: "RDNW"
cik: "0001596961"
company_name: "RideNow Group, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T10:09:14.496024+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001596961-24-000049
- form_type: 8-K
- ticker: RDNW
- cik: 0001596961
- company_name: RideNow Group, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596961/000159696124000049/0001596961-24-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596961/000159696124000049/rmbl-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001596961-24-000049
- JSON: https://secwatch.observer/filing/0001596961-24-000049.json
- Plain text: https://secwatch.observer/filing/0001596961-24-000049.txt

## Source-grounded claims
- claim_id: 62941e897b166b00fd721a7038bffa086c566266
  claim: RideNow Group, Inc. reported financial results for the three months ended March 31, 2024.
  evidence_excerpt: On May 8, 2024, RumbleOn, Inc. (the “Company”) issued a press release reporting its results for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000159696124000049/0001596961-24-000049-index.htm

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