RumbleOn Q2 net loss $32.2M with $34M impairment; extends credit facility to 2027

RideNow Group, Inc.

2025-Q2 EPS reported -$1.11 revenue$544,600,000

Revenue $299.9M (-11% YoY); net loss $32.2M (incl. $34M impairment) vs $0.7M loss in Q2 2024.
Adjusted EBITDA improved 6.2% to $17.2M; SG&A reduced to $66.7M.
Extended term loan maturity to Sep 30, 2027; reduced rate by 0.50%; required $20M prepayment; $2.1M exit fee.
Secured $10M subordinated loans at 13% from Stone House Capital and insiders to prepay senior debt.
Name change to RideNow Group, Inc., ticker to RDNW effective Aug 13; HQ relocation to Chandler, AZ.

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