Filing Flows › RideNow Group (RDNW) › Q2 2025
RideNow Group (RDNW) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
RideNow Group (RDNW) reported revenue of $300M for the second quarter 2025 (Q2 2025), -11% from a year earlier and +23% from the quarter before. Operating margin was -6.3%, net loss $32.2M (10.7% of revenue).
RideNow Group, Q2 2025: revenue $300M (-11% year over year), operating margin -6.3%, net loss $32.2M, operating cash flow $10.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $300M | +23% | -11% |
| Operating profit | −$18.8M | -595% | — |
| Net earnings | −$32.2M | — | — |
| Operating cash flow | $10.9M | — | -11% |
| Free cash flow | $8.5M | — | -28% |
What changed
Revenue was $299.9M in Q2 2025, down 11% year over year and up 23% from the previous quarter. New vehicles (retail) was the largest line at 52% of revenue. New vehicles (retail) lost $21.0M year over year (down 12%), 57% of the total change.
Gross margin was 28.0%, up 1.3 points from a year earlier. Operating costs exceeded revenue by $18.8M, an operating margin of -6.3%. Operating expenses grew 38% against a revenue fall of 11%. The fastest-growing cost line was Other operating costs (+1061%). The quarter ended with a net loss of $32.2M, wider than the previous quarter's $9.7M loss.
Operating cash flow was $10.9M (down 11% year over year). Non-cash charges added back $2.0M of depreciation and amortization and $600K of share-based compensation. Working capital and other items added $40.5M. Capital expenditures of $2.4M left free cash flow of $8.5M.
Questions
What was RideNow Group's revenue in the second quarter 2025?
RideNow Group (RDNW) reported revenue of $300M for the second quarter 2025 (Q2 2025), -11% from a year earlier and +23% from the quarter before.
Was RideNow Group profitable in the second quarter 2025?
Operating loss was $18.8M (-6.3% of revenue) and net loss $32.2M.
Source: RideNow Group 10-Q on SEC EDGAR.