Filing Flows › RideNow Group (RDNW) › Q3 2025
RideNow Group (RDNW) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
RideNow Group (RDNW) reported revenue of $281M for the third quarter 2025 (Q3 2025), -5% from a year earlier and -6% from the quarter before. Operating margin was 3.3%, net loss $4.1M (1.5% of revenue).
RideNow Group, Q3 2025: revenue $281M (-5% year over year), operating margin 3.3%, net loss $4.1M, operating cash flow $11.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $281M | -6% | -5% |
| Operating profit | $9.4M | — | — |
| Net earnings | −$4.1M | — | — |
| Operating cash flow | $11.5M | +6% | -71% |
| Free cash flow | $9.4M | +11% | -76% |
What changed
Revenue was $281.0M in Q3 2025, down 5% year over year and down 6% from the previous quarter. New retail vehicles was the largest line at 52% of revenue. Vehicle transportation services lost $14.1M year over year (down 93%), 101% of the total change.
Gross margin was 27.0%, up 1.9 points from a year earlier. Operating profit was $9.4M, a 3.3% margin (up 1.5 points year over year). Operating expenses fell 3% while revenue fell 5%. The quarter ended with a net loss of $4.1M, narrower than the previous quarter's $32.2M loss. Net interest and other expense of $13.4M was the main reason.
Operating cash flow was $11.5M (down 71% year over year). Non-cash charges added back $2.2M of depreciation and amortization and $800K of share-based compensation. Working capital and other items added $12.6M. Capital expenditures of $2.1M left free cash flow of $9.4M.
Questions
What was RideNow Group's revenue in the third quarter 2025?
RideNow Group (RDNW) reported revenue of $281M for the third quarter 2025 (Q3 2025), -5% from a year earlier and -6% from the quarter before.
Was RideNow Group profitable in the third quarter 2025?
Operating profit was $9.4M (3.3% of revenue) and net loss $4.1M.
Source: RideNow Group 10-Q on SEC EDGAR.