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RideNow Group cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$1.6M in Q2 2026 · −$20.6M over twelve months

Operating cash flow−$100K
Capital spending−$1.5M
Free cash flow−$1.6M
Cash / net income-0.0×

Analysis

In Q2 2026, RideNow Group generated −$100K of operating cash flow and spent $1.5M on capital projects, leaving free cash flow of −$1.6M. That is $10.1M less than in Q2 2025 ($8.5M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$15.8M; the largest uses were operating cash flow ($15.8M), capital spending ($4.8M); besides operations, cash came from other financing ($21.3M), other investing ($2.6M); the cash balance rose by $3.3M.

Operating cash flow was −$100K against net income of $6.5M — -0.0× profit, less cash than reported earnings, worth checking against working capital. The largest differences: inventory −$5.8M, receivables +$3.3M, depreciation & amortization +$1.9M.

Free cash flow

RideNow Group: free cash flow by quarterRideNow Group: free cash flow by quarter$38.8MQ3 2024$30.4MQ4 2024−$7.4MQ1 2025$8.5MQ2 2025$9.4MQ3 2025−$200KQ4 2025−$28.2MQ1 2026−$1.6MQ2 2026
Operating cash flow less capital spending.
RideNow Group: operating cash flow against capital spendingRideNow Group: operating cash flow against capital spendingOperating cash flowCapital spending$39.4M$600KQ3 2024$30.8M$400KQ4 2024−$6.9M$500KQ1 2025$10.9M$2.4MQ2 2025$11.5M$2.1MQ3 2025$400K$600KQ4 2025−$27.6M$600KQ1 2026−$100K$1.5MQ2 2026
Latest (Q2 2026): Operating cash flow −$100K, Capital spending $1.5M.

Capital allocation, year by year

RideNow Group: where the cash came from (up) and went (down), by fiscal yearRideNow Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsFY2021: Operating cash flow −$32.2MFY2021: Net borrowing $4.4MFY2021: Shares issued $191MFY2021: Capital spending −$5.6MFY2021: Acquisitions −$371M$196MFY2021FY2022: Operating cash flow −$18.9MFY2022: Net borrowing $107MFY2022: Capital spending −$5.6MFY2022: Acquisitions −$69.6M$107MFY2022FY2023: Operating cash flow −$38.9MFY2023: Net borrowing −$111MFY2023: Shares issued $98.4MFY2023: Capital spending −$13.7MFY2023: Acquisitions −$3.3M$98.4MFY2023FY2024: Operating cash flow $99.4MFY2024: Net borrowing −$39.8MFY2024: Shares issued $9.8MFY2024: Asset sales $4.0MFY2024: Capital spending −$2.0MFY2024: Acquisitions −$700K$113MFY2024FY2025: Operating cash flow $15.9MFY2025: Net borrowing −$54.9MFY2025: Asset sales $3.1MFY2025: Capital spending −$5.6M$19.0MFY2025
Over these 5 years operating cash flow totalled $25.3M; the largest uses were acquisitions ($445M) and net borrowing ($205M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$46.7M
Debt$213M
Net debt$166M
Due within a year$900K
Cash runway2.3 years

RideNow Group is burning cash: its operations consume cash, a free cash flow of −$20.6M a year at the current rate against $46.7M of cash and investments: a runway of about 2.3 years; $900K of debt also comes due within a year, which the cash covers before any new financing.

Where the cash came from and went

RideNow Group: sources (+) and uses (−) of cash, Q2 2026RideNow Group: sources (+) and uses (−) of cash, Q2 2026Other financing$18.5MCash drawn (+) / kept (−)−$16.7MCapital spending−$1.5MOther investing−$200KOperating cash flow−$100K
RideNow Group: sources (+) and uses (−) of cash, TTM to Q2 2026RideNow Group: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing$21.3MOperating cash flow−$15.8MCapital spending−$4.8MCash drawn (+) / kept (−)−$3.3MOther investing$2.6M

From profit to cash

RideNow Group: net income to operating cash flow, Q2 2026RideNow Group: net income to operating cash flow, Q2 2026Net income$6.5MDepreciation & amortization$1.9MStock-based pay$800KReceivables$3.3MInventory−$5.8MPayables−$1.7MPrepaid and other assets$300KOther liabilities$300KOperating cash flow−$100K
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q1 20261013338106
Q4 20251112940101
Q3 2025101213696
Q2 202581153292
Q1 20251113038103
Q4 2024101223399
Q3 20241013430114

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026−$100K−$1.5M——−$16.7M−$1.6M
Q1 2026−$27.6M−$600K—−$100K−$3.5M−$28.2M
Q4 2025$400K−$600K—−$2.0M$8.9M−$200K
Q3 2025$11.5M−$2.1M—−$20.1M$8.0M$9.4M
Q2 2025$10.9M−$2.4M—−$200K−$3.6M$8.5M
Q1 2025−$6.9M−$500K—−$38.8M$40.5M−$7.4M
Q4 2024$30.8M−$400K—−$500K−$30.0M$30.4M
Q3 2024$39.4M−$600K−$700K—$4.4M$38.8M

RideNow Group: income statement and cash flow

RideNow Group, Q2 2026: revenue $297M (-1% year over year), operating margin 6.0%. The chart follows the revenue to costs, profit and cash.

RideNow Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.