Highest-materiality recent filing
RideNow Group dismisses BDO, appoints Deloitte; cites material weaknesses in internal controls
On June 5, 2026, audit committee dismissed BDO USA as independent auditor and appointed Deloitte & Touche for FY2026.
RideNow Q1 same-store revenue up 13.1%, net loss narrows to $4.3M
Powersports revenue up 6.4% to $260.4M; same-store sales up 13.1% on 16.3% unit increase.
RideNow Q4 same-store sales up 6.3%, adjusted EBITDA $9.7M; full-year net loss narrows 33%
Q4 powersports revenue $256.1M; same-store revenue +6.3% driven by 7.7% unit increase.
RideNow Q3 adjusted EBITDA jumps 80.9% to $12.3M, net loss improves 63.4%
Revenue $281M (-4.7% YoY); gross profit $76M (+2.3%) on powersports growth.
RideNow Group appoints Joshua J. Barsetti as CFO, replacing interim CFO Quartieri
Joshua J. Barsetti appointed EVP/CFO effective Oct 20, 2025; replaces Michael Quartieri (interim CFO), who remains Chairman/CEO/President.
RideNow Group issues $10M subordinated notes at 13% PIK interest; amends warrants
Issued $10M aggregate subordinated notes to Stone House Capital, Face Canyon, and Mark Tkach.
RumbleOn Q2 net loss $32.2M with $34M impairment; extends credit facility to 2027
Revenue $299.9M (-11% YoY); net loss $32.2M (incl. $34M impairment) vs $0.7M loss in Q2 2024.
RumbleOn Q1 revenue down 20.5% to $244.7M; net loss narrows to $9.7M
Revenue $244.7M, -20.5% YoY; new powersports units down 23.7% to 8,013, pre-owned -13.9% to 4,307.
RumbleOn formalizes separation agreements for ex-CFO Kice ($192,500) and ex-CLO Treadway ($187,500)
Former CFO Tiffany Kice receives $192,500 lump sum (six months salary) plus up to six months COBRA premiums.
RumbleOn terminates CFO and Chief Legal Counsel; CEO assumes interim CFO role
CFO Tiffany Kice terminated effective April 2, 2025; CEO/Chairman Michael Quartieri named interim CFO.
RumbleOn Q4 revenue down 13.4% to $269.6M; net loss narrows to $56.4M
Q4 revenue $269.6M (-13.4% YoY); net loss $56.4M improved from $168.5M loss last year.
RumbleOn appoints Michael Quartieri as CEO; former CEO Kennedy to receive $525K severance
Michael Kennedy resigned as CEO effective Jan 13, 2025; receives 12-month base salary of $525K and COBRA, no bonus, all unvested options forfeited.
Michael Kennedy is no longer CEO or board member; Michael Quartieri (Chairman) appointed CEO effective Jan 13, 2025.
RumbleOn repays $38.75M convertible notes, raises $30M in capital transactions
Fully repaid $38.75M of 6.75% convertible senior notes due Jan 1, 2025, plus accrued interest.
RumbleOn closes $10M rights offering, 85% subscribed; insider backstop buys 349K shares
Net proceeds ~$9M; to repay 6.75% convertible notes due Jan 2025 and satisfy Oaktree credit agreement obligations.
RumbleOn raises ~$9M net in rights offering; backstop buys 349K unsubscribed shares
2,043,011 shares subscribed at $4.18/share; net proceeds estimated at $9.0M.
RumbleOn launches $10M rights offering backstopped by board members at $4.18/share
Company to raise up to $10M via non-transferable subscription rights offering 2,392,344 shares at $4.18 each.
RumbleOn sets record date for $10M rights offering; backstop by Stone House Capital
Record date fixed as Nov 25, 2024 for proposed $10.0M rights offering to holders of Class A and Class B common stock.
Rights offering for $10M of Class B common stock at 20% discount to VWAP, backstopped by Stone House Capital Management.
RumbleOn Q3 revenue down 12.7% to $295M; net loss improves to $11.2M
Revenue $295.0M, down 12.7% YoY; net loss $11.2M vs $16.5M loss in prior year.
RumbleOn Q2 revenue falls 12% to $336.8M; net loss narrows to $0.7M
Revenue $336.8M, down 12% YoY; net loss $0.7M vs $13.6M loss a year ago.
RumbleOn Q1 2024: Revenue down 8% to $307.8M, Adj EBITDA up 8.3% to $11.7M, operating income $5.2M
Revenue $307.8M, down 8.0% YoY; operating income of $5.2M vs operating loss of $0.7M last year.
RumbleOn CFO Blake Lawson to resign; will serve through June 4, 2024 annual meeting
Blake Lawson delivered resignation letter on April 18, 2024, effective after June 4, 2024 annual meeting.
Q4 revenue $311.1M (-6.2% YoY); full-year revenue $1.366B (-6.3%).
RumbleOn closes rights offering raising ~$98.4M net; backstop investors buy unsubscribed shares
Rights offering subscribed for $81.1M (81.1% of $100M); backstop purchase adds $18.9M.
RumbleOn sets subscription price of $5.50 per share for $100M rights offering
Subscription price of $5.50 per share for previously announced $100 million rights offering.
Revenue $338.1M, down 11.7% sequentially; net loss from continuing ops $16.5M ($0.99 loss per share).
RumbleOn sets Nov 13 record date for fully-backstopped $100M rights offering; proceeds to repay debt
Record date of Nov 13, 2023 for $100M rights offering to holders of Class A and B common stock.
RumbleOn appoints Mike Kennedy as CEO; interim CEO Mark Tkach resigns effective Nov 1, 2023
Mark Tkach resigns as Interim CEO and director, effective upon Mike Kennedy's start (expected Nov 1, 2023).
RumbleOn appoints Michael Kennedy as CEO, effective Nov 1, 2023
Kennedy previously CEO of Vance & Hines (2019-2023) and 26-year Harley-Davidson veteran.
Mark Cohen appointed Class I director, term through 2025 annual meeting, filling Shin Lee's vacancy (resigned July 29).
RumbleOn signs $56.9M sale-leaseback on 9 properties; proceeds to reduce debt
Aggregate purchase price $56,858,693 from NNN REIT for 9 properties across multiple states.
In connection with Ms. Treadway’s termination effective as of April 2, 2025 (the “Treadway Separation Date”), the Company and Ms. Treadway entered into a separation agreement effective as of May 1, 2025 (the “Treadway Separation Agreement”).
On March 31, 2025, the Company provided notice of termination to Brandy Treadway, Chief Legal Counsel of the Company, effective as of April 2, 2025.
On March 31, 2025, RumbleOn, Inc. (the “Company”) provided notice of termination to Tiffany Kice, Chief Financial Officer of the Company, effective as of April 2, 2025.
Michael Quartieri, Chairman of the Company’s Board of Directors and Chief Executive Officer, will serve as the Interim Chief Financial Officer until a replacement has been identified and appointed.
On March 17, 2025, the Board of Directors (the “Board”) of RumbleOn, Inc. (the “Company”) appointed Rachel Richards as a director of the Company to fill the vacant seat created by Michael Kennedy’s resignation on January 13, 2025.
In connection with Mr. Quartieri’s appointment as CEO effective as of January 13, 2025
In connection with Mr. Kennedy’s resignation effective as of January 13, 2025
On January 13, 2025, the Company announced that Michael Kennedy is no longer Chief Executive Officer (“CEO”) or a member of the Board of the Company.
The Board appointed Michael Quartieri as CEO of the Company, effective as of January 13, 2025.
The Board appointed Cameron Tkach, who had been Vice President, Dealership Operations, as Executive Vice President (“EVP”) and Chief Operating Officer (“COO”) of the Company effective as of January 13, 2025.
On June 3, 2024, the Board of Directors of RumbleOn, Inc. (the “Company”) appointed Tiffany Kice as Chief Financial Officer of the Company, effective as of June 24, 2024 (the “CFO Start Date”).
Blake Lawson has agreed to continue his employment as Chief Financial Officer of the Company until the CFO Start Date, at which time he will resign as Chief Financial Officer of the Company.
Max materiality 0.80 · Median 0.60 · Most common event other_material