RumbleOn Q1 revenue down 20.5% to $244.7M; net loss narrows to $9.7M

RideNow Group, Inc.

2025-Q1 EPS reported -$0.26 revenue$244,700,000

Revenue $244.7M, -20.5% YoY; new powersports units down 23.7% to 8,013, pre-owned -13.9% to 4,307.
Net loss improved to $9.7M from $10.3M; Adjusted EBITDA $7.0M vs $7.7M.
SG&A reduced 17.3% to $61.1M; adjusted SG&A down 20.8% to $57.5M.
Cash $41.1M (down from $85.3M at Dec 2024); repaid $38.8M convertible notes on Jan 2, 2025.
Operating cash outflow $6.9M vs inflow $17.0M in prior year; free cash flow -$7.4M.

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