RideNow Q3 revenue falls 13.1% to $244.3M; net loss widens to $13.9M, adjusted EBITDA $5.3M

RideNow Group, Inc.

Total revenue $244.3M vs $281.0M a year ago (-13.1%); same-store powersports revenue down 7.9% on lower unit sales and the August 'Clear Price' rollout.
Net loss widened to $13.9M from $4.1M; operating income $4.2M (-55.3%); adjusted EBITDA $5.3M vs $12.3M; gross profit $65.5M (-13.8%).
New powersports unit retail sales 8,127 (-17.9% YoY); pre-owned units 4,055 (-13.7%); nine-month operating cash flow -$41.7M vs +$15.5M.
SG&A fell $4.8M to $59.6M; CEO Michael Quartieri expects Q4 adjusted EBITDA to outpace Q3, bucking seasonal trend; targets $10M incremental run-rate savings exiting 2027.
Refinanced senior secured term loan with new $220.0M facility maturing September 2031; in advanced talks on a $50.0M ABL; completed tuck-in acquisition of a Tallahassee, Florida dealership.

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