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RideNow Group (RDNW) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · RideNow Group (RDNW) Q2 2026 earnings results →

Q2 2026 Revenue down 1% year over year to $297M · 2¢ of every $1 of revenue kept as net profit · operating margin 6.0%

RideNow Group made $297M in Q2 2026 (-1% Y/Y): Powersports vehicles $220M, Parts, service and accessories $50.1M, Finance and insurance $27.0M. Operating margin 6.0%, net earnings $6.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.

Revenue$297M
Year over year-1%
Operating margin6.0%
Net earnings$6.5M
Operating cash flow−$100K

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $296.8M in Q2 2026, down 1% year over year and up 14% from the previous quarter. New vehicles was the largest line at 53% of revenue. Parts, service and accessories lost $2.3M year over year (down 4%), 74% of the total change.

Gross margin was 28.6%, up 0.6 points from Q2 2025. Operating profit was $17.9M, a 6.0% margin (up 12.3 points year over year). Operating expenses fell 35% while revenue fell 1%. Net earnings were $6.5M. The effective tax rate was 0.0%.

Operating cash flow was −$100K. Non-cash charges added back $1.9M of depreciation and amortization and $800K of share-based compensation. Working capital and other items used $9.3M. Capital expenditures of $1.5M exceeded it, leaving free cash flow of −$1.6M.

Quarterly history

RideNow Group revenue by quarterRideNow Group revenue by quarter$270MQ4 2024$245MQ1 2025$300MQ2 2025$281MQ3 2025$257MQ4 2025$260MQ1 2026$297MQ2 2026
RideNow Group net earnings by quarterRideNow Group net earnings by quarter−$56.4MQ4 2024−$9.7MQ1 2025−$32.2MQ2 2025−$4.1MQ3 2025−$6.4MQ4 2025−$4.3MQ1 2026$6.5MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 11, 2026$297M-1%6.0%$6.5M−$100K
Q1 202610-QMay 14, 2026$260M+6%2.9%−$4.3M−$27.6M
Q4 202510-KMar 13, 2026$257M-5%2.1%−$6.4M$400K
Q3 202510-QNov 4, 2025$281M-5%3.3%−$4.1M$11.5M
Q2 202510-QAug 11, 2025$300M-11%-6.3%−$32.2M$10.9M
Q1 202510-QMay 7, 2025$245M-20%1.6%−$9.7M−$6.9M
Q4 202410-KMar 14, 2025$270M-13%-15.2%−$56.4M$30.8M

Charts

RideNow Group: revenue growth, year over year and quarter over quarterRideNow Group: revenue growth, year over year and quarter over quarterY/YQ/Q-13%Q4 2024-20%-9%Q1 2025-11%+23%Q2 2025-5%-6%Q3 2025-5%-9%Q4 2025+6%+1%Q1 2026-1%+14%Q2 2026
Latest (Q2 2026): Y/Y -1%, Q/Q +14%.
RideNow Group: where the cash came from (+) and went (−), TTM to Q2 2026RideNow Group: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$21.3MOperating cash flow−$15.8MCapital spending−$4.8MCash drawn (+) / kept (−)−$3.3MOther investing$2.6M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
RideNow Group: profit against cash, quarter by quarterRideNow Group: profit against cash, quarter by quarterNet incomeOperating cash flow−$11.2M$39.4MQ3 2024−$56.4M$30.8MQ4 2024−$9.7M−$6.9MQ1 2025−$32.2M$10.9MQ2 2025−$4.1M$11.5MQ3 2025−$6.4M$400KQ4 2025−$4.3M−$27.6MQ1 2026$6.5M−$100KQ2 2026
Latest (Q2 2026): Net income $6.5M, Operating cash flow −$100K.
RideNow Group: diluted shares by fiscal year (split-adjusted)RideNow Group: diluted shares by fiscal year (split-adjusted)13MFY202014MFY202132MFY202235MFY202335MFY202438MFY2025
+189.6% since FY2020: more shares outstanding (issuance, stock pay); earlier years scaled for the 2-for-1 split before FY2024, 3-for-1 split before FY2021.
RideNow Group in its industry: growth against margin (17 companies, SIC 7371)RideNow Group in its industry: growth against margin (17 companies, SIC 7371)revenue growth, year over year →↑ operating marginmedian +5%median -1%CTSHEPAMZSVRSNDOCSIANIXXBMTMRGTISBIGCYCUBTLNCYNANKMDSFTSensei Harbor Corp.RDNW (-1%, 6%)
Services-Computer Programming Services; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About RideNow Group

RideNow Group, Inc. operated through two operating segments in 2024 and 2025: a powersports dealership group and a vehicle transportation services business. In December 2025, we ceased providing vehicle transportation services to third parties and now operate solely as a powersports dealership group. The Company was incorporated in 2013 and has grown primarily through acquisitions. The Company is headquartered in Chandler, Arizona and completed its initial public offering in 2017. Unless the context otherwise requires, all references in this 2025 10-K to “we,” “our,” “us,” “RideNow,” “RideNow Group,” and the “Company” refer to RideNow Group, Inc. and its consolidated subsidiaries and any predecessor entities. Prior to August 13, 2025, the Company was known as RumbleOn, Inc.

In its own words, from its 10-K, filed Mar 13, 2026.

RideNow Group against its Services-Computer Programming Services peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -1% against the peers' median +6%. Operating margin: 6.0% against the peers' median 12.3%.

CompanyQuarterRevenueY/YOp. margin
RDNW RideNow GroupQ2 2026$297M-1%6.0%
CTSH Cognizant Technology SolutionsQ3 2026$5.7B+5%15.4%
EPAM Epam SystemsQ3 2026$1.4B+2%12.3%
ZS ZscalerQ4 FY26$898M+25%-1.7%
VRSN VeriSignQ3 2026$443M+6%66.9%
DOCS DoximityQ2 FY27$175M+4%25.2%
XTIA XTI AerospaceQ2 2026$32.4M—-28.0%
IA Innovative Solutions & SupportQ3 FY26$26.7M+11%22.6%
NIXX NixxyQ2 2026$16.1M+20%-10.1%

Source: RideNow Group 10-Q on SEC EDGAR · CIK 1596961 · Services-Computer Programming Services

13F: who owns RDNW and who is buying

Largest holders of RDNW (13F)Largest holders of RDNW (13F)Stone House Capital Management, L…$47.7MNantahala Capital Management, LLC$43.6MCitigroup$11.3MUnion Square Park Capital Managem…$8.3MBlackRock$5.1MVanguard Capital Management LLC$4.9MVanguard Group$4.6MGeode Capital Management, LLC$3.3MNorthern Trust$1.6MState Street$1.3M
Funds' net buying of RDNW by quarter (13F)Funds' net buying of RDNW by quarter (13F)−$29.0M2024-09$4.4M2024-12−$2.1M2025-03−$664K2025-06$312K2025-09$676K2025-12$461K2026-03$24.7M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on RDNW

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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