Filing Flows › RideNow Group (RDNW) › Q4 2025
RideNow Group (RDNW) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 13, 2026
RideNow Group (RDNW) reported revenue of $257M for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and -9% from the quarter before. Operating margin was 2.1%, net loss $6.4M (2.5% of revenue).
RideNow Group, Q4 2025: revenue $257M (-5% year over year), operating margin 2.1%, net loss $6.4M, operating cash flow $400K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $257M | -9% | -5% |
| Operating profit | $5.4M | -43% | — |
| Net earnings | −$6.4M | — | — |
| Operating cash flow | $400K | -97% | -99% |
What changed
Revenue was $256.9M in Q4 2025, down 5% year over year and down 9% from the previous quarter. Powersports vehicles was the largest line at 71% of revenue.
Gross margin was 27.6%, up 2.6 points from Q4 2024. Operating profit was $5.4M, a 2.1% margin (up 17.3 points year over year). Operating expenses fell 40% while revenue fell 5%. The quarter ended with a net loss of $6.4M, wider than the previous quarter's $4.1M loss. Net interest and other expense of $11.8M was the main reason.
Operating cash flow was $400K (down 99% year over year). Non-cash charges added back $2.5M of depreciation and amortization and $800K of share-based compensation. Working capital and other items added $3.5M. Capital expenditures of $600K exceeded it, leaving free cash flow of −$200K.
Questions
What was RideNow Group's revenue in the fourth quarter 2025?
RideNow Group (RDNW) reported revenue of $257M for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and -9% from the quarter before.
Was RideNow Group profitable in the fourth quarter 2025?
Operating profit was $5.4M (2.1% of revenue) and net loss $6.4M.
Source: RideNow Group 10-K on SEC EDGAR.