Filing Flows › RideNow Group (RDNW) › Q1 2025
RideNow Group (RDNW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
RideNow Group (RDNW) reported revenue of $245M for the first quarter 2025 (Q1 2025), -21% from a year earlier and -9% from the quarter before. Operating margin was 1.6%, net loss $9.7M (4.0% of revenue).
RideNow Group, Q1 2025: revenue $245M (-20% year over year), operating margin 1.6%, net loss $9.7M, operating cash flow −$6.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $245M | -9% | -21% |
| Operating profit | $3.8M | — | — |
| Net earnings | −$9.7M | — | — |
| Operating cash flow | −$6.9M | -122% | — |
What changed
Revenue was $244.7M in Q1 2025, down 21% year over year and down 9% from the previous quarter. New vehicles was the largest line at 49% of revenue. New vehicles lost $34.9M year over year (down 23%), 55% of the total change.
Gross margin was 27.5%, up 0.6 points from a year earlier. Operating profit was $3.8M, a 1.6% margin (down 0.1 points year over year). Operating expenses fell 18% while revenue fell 21%. The quarter ended with a net loss of $9.7M, narrower than the previous quarter's $56.4M loss. Net interest and other expense of $13.4M was the main reason.
Operating cash flow was −$6.9M. Non-cash charges added back $2.3M of depreciation and amortization. Working capital and other items added $500K. Capital expenditures of $500K exceeded it, leaving free cash flow of −$7.4M.
Questions
What was RideNow Group's revenue in the first quarter 2025?
RideNow Group (RDNW) reported revenue of $245M for the first quarter 2025 (Q1 2025), -21% from a year earlier and -9% from the quarter before.
Was RideNow Group profitable in the first quarter 2025?
Operating profit was $3.8M (1.6% of revenue) and net loss $9.7M.
Source: RideNow Group 10-Q on SEC EDGAR.