RideNow swings to $6.5M Q2 net income; adjusted EBITDA up 19.2%

RideNow Group, Inc.

Q2 revenue $296.8M, down 1.0% YoY; same-store powersports revenue up 3.0% on 1.7% higher unit sales.
Net income of $6.5M vs $32.2M net loss a year ago; prior-year included $34.0M franchise right impairment.
Adjusted EBITDA $20.5M, up 19.2% from $17.2M; gross profit $84.8M, up 1.1% YoY.
New powersports units 10,807 (+1.8%); pre-owned 4,924 (-6.8%); cash $46.7M vs $29.5M at Dec 31.
Board adopted Third Amended Bylaws Aug 5: remote meetings, universal proxy rules, exclusive Nevada forum.

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