Every 10-Q that RideNow Group, Inc. (RDNW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow RDNW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RDNW filings page.
RideNow Group, Inc. reported a return to profitability while continuing to operate as a single powersports dealership segment after exiting its transportation services business at the end of 2025. For the quarter ended June 30, 2026, total revenue was $296.8 million versus $299.9 million a year earlier, but net income was $6.5 million compared with a net loss of $32.2 million. Operating income improved to $17.9 million, aided by the absence of the prior-year $34.0 million franchise rights impairment and stronger vehicle gross profit.
For the first half of 2026, revenue rose to $557.2 million from $544.6 million and net income was $2.2 million versus a $41.9 million loss. However, operating cash flow was $(27.7) million, driven largely by a $50.9 million inventory build. Inventory reached $308.3 million, funded in part by higher floor plan borrowings of $273.9 million and total debt, net, of $487.0 million. Liquidity comprised $63.1 million of cash and restricted cash plus $95.1 million of floor plan availability.
The company remains in a stockholders’ deficit of $8.9 million and continues to report material weaknesses in internal control over financial reporting. Its term loan maturing in September 2027 requires refinancing milestones in late 2026, and management notes that failure to refinance or meet alternative requirements could materially affect liquidity. RideNow disclosed that an SEC investigation was closed in April 2026 with no recommended enforcement action and that litigation with its former CEO is ongoing. Management believes current resources are sufficient for at least 12 months while it pursues refinancing and control remediation.
RideNow Group, Inc. reported first‑quarter 2026 revenue of $260.4 million, up from $244.7 million, driven mainly by higher new and pre‑owned powersports vehicle sales. Total gross profit rose to $71.6 million, while net loss narrowed to $4.3 million from $9.7 million.
The company has exited its vehicle transportation services and now operates a single powersports dealership segment with 48 locations. Liquidity totaled $145.7 million as of March 31, 2026, including $46.4 million of cash and restricted cash and $99.3 million of floor plan availability.
Debt remains significant, with $263.0 million in floor plan notes and $220.9 million in long‑term principal, including a term loan due in 2027 and subordinated loans due in 2028. The company must begin a refinancing process by September 30, 2026 and complete it by November 30, 2026.
Internal control over financial reporting still has material weaknesses tied to turnover, manual processes, and IT access and segregation of duties, and remediation is ongoing. The SEC has concluded its investigation and does not intend to recommend enforcement action, while separate Delaware litigation with the former CEO continues.
RideNow Group, Inc. (RDNW) reported Q3 2025 results. Revenue was $281.0 million versus $295.0 million a year ago, while net loss narrowed to $4.1 million from $11.2 million. Operating income improved to $9.4 million as SG&A fell to $64.4 million and gross profit rose to $76.0 million.
Powersports drove $280.0 million of revenue with higher gross profit across new and pre‑owned retail vehicles, parts, service and accessories, and finance & insurance. Vehicle transportation services revenue declined sharply to $1.0 million due to lower volumes after broker departures.
Liquidity and capital structure shifted: cash was $35.4 million (total cash and restricted cash $51.8 million), inventory $266.0 million, and total stockholders’ equity was a deficit of $6.9 million. The company extended its term loan maturity to September 30, 2027 and reduced its rate by 0.5%, issued $10.0 million of related‑party Subordinated Loans at 13.0% to prepay senior debt, and reset lender warrants with a $4.02 strike, expiring August 10, 2030. Year‑to‑date results include a $34.0 million franchise rights impairment recorded in Q2.