Filing Flows › RideNow Group (RDNW) › Q4 2024
RideNow Group (RDNW) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 14, 2025
RideNow Group (RDNW) reported revenue of $270M for the fourth quarter 2024 (Q4 2024), -13% from a year earlier and -9% from the quarter before. Operating margin was -15.2%, net loss $56.4M (20.9% of revenue).
RideNow Group, Q4 2024: revenue $270M (-13% year over year), operating margin -15.2%, net loss $56.4M, operating cash flow $30.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $270M | -9% | -13% |
| Operating profit | −$41.1M | — | — |
| Net earnings | −$56.4M | — | — |
| Operating cash flow | $30.8M | -22% | — |
| Free cash flow | $30.4M | -22% | — |
What changed
Revenue was $269.6M in Q4 2024, down 13% year over year and down 9% from the previous quarter. New vehicles was the largest line at 51% of revenue.
Gross margin was 25.0%, up 2.2 points from a year earlier. Operating costs exceeded revenue by $41.1M, an operating margin of -15.2%. Operating expenses fell 23% while revenue fell 13%. The quarter ended with a net loss of $56.4M, wider than the previous quarter's $11.2M loss.
Operating cash flow was $30.8M. Non-cash charges added back $4.6M of depreciation and amortization and $700K of share-based compensation. Working capital and other items added $81.9M. Capital expenditures of $400K left free cash flow of $30.4M.
Questions
What was RideNow Group's revenue in the fourth quarter 2024?
RideNow Group (RDNW) reported revenue of $270M for the fourth quarter 2024 (Q4 2024), -13% from a year earlier and -9% from the quarter before.
Was RideNow Group profitable in the fourth quarter 2024?
Operating loss was $41.1M (-15.2% of revenue) and net loss $56.4M.
Source: RideNow Group 10-K on SEC EDGAR.