Quarterly ResultMay 14, 2026, 04:14 PM
RideNow Group Q1 Net Loss Improves 55.7% to $4.3M; Revenue Up 6.4%
AI Summary
RideNow Group, Inc. reported its first quarter 2026 financial results, showing a significant improvement in net loss, which decreased by 55.7% to $4.3 million. The company experienced growth in Powersports Revenue, up 6.4% to $260.4 million, and a 32.9% increase in Adjusted EBITDA to $9.3 million. However, operating cash flow saw a substantial increase in outflow, reaching $27.6 million. Chairman, CEO, and President Michael Quartieri expressed confidence in the team's execution and the company's strategic direction.
Key Highlights
- RideNow Group's net loss improved 55.7% to $4.3 million in Q1 2026 from $9.7 million in Q1 2025.
- Powersports Revenue increased 6.4% to $260.4 million, with same store sales up 13.1%.
- Powersports Gross profit rose 8.3% to $71.6 million.
- Adjusted EBITDA increased 32.9% to $9.3 million from $7.0 million year-over-year.
- New Powersports unit sales grew 16.3% to 9,322 units.
- Operating cash flow was an outflow of $27.6 million, compared to an outflow of $6.9 million in Q1 2025.
- Non-Vehicle Net Debt stood at $190.7 million as of March 31, 2026.
- The company maintains compliance with its credit agreement covenants.