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RideNow Group, Inc. 8-K Filings

RDNW NASDAQ

Every 8-K 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 8-K covers material events a company has to report between its quarterly 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.

Rhea-AI Summary

RideNow Group, Inc. reported mixed but improving results for the quarter ended June 30, 2026 and adopted updated bylaws. Total revenue was $296.8 million, down 1.0% year over year, mainly from store consolidation and the prior shutdown of transportation services, while same store powersports revenue rose 3.0%.

Total gross profit increased to $84.8 million and SG&A fell to $65.0 million, or 76.7% of gross profit. Net income improved sharply to $6.5 million from a net loss of $32.2 million, which previously included a $34.0 million franchise rights impairment. Adjusted EBITDA grew to $20.5 million, up 19.2%.

Operating cash flow for the first half of 2026 was a $27.7 million outflow versus a $4.0 million inflow a year earlier, though Adjusted Free Cash Flow rose to $20.8 million. Cash and restricted cash totaled $63.1 million and Non-Vehicle Net Debt was $174.4 million, with total available liquidity of $158.2 million. The company remained in compliance with key leverage covenants. The board also approved Third Amended and Restated Bylaws, adding virtual meeting and electronic notice provisions, integrating Universal Proxy Rules, establishing Nevada and federal exclusive forums, and explicitly permitting uncertificated shares.

Rhea-AI Summary

RideNow Group, Inc. changed its independent auditor, appointing Deloitte & Touche LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2026, and dismissing BDO USA, P.C., both effective June 5, 2026.

The company states BDO’s prior financial statement reports for 2024 and 2025 had no adverse or qualified opinions and there were no disagreements on accounting or audit matters. However, RideNow reported material weaknesses in internal control over financial reporting as of December 31, 2024 and 2025, including issues with user access, segregation of duties, and financial close process controls. BDO issued an adverse opinion on internal control as of December 31, 2024, and discussed these weaknesses with the audit committee.

Rhea-AI Summary

RideNow Group, Inc. held its virtual annual stockholder meeting on June 4, 2026. Stockholders elected all nine Board nominees, including Mark Cohen, William Coulter and others, with each receiving over 27.7 million "for" votes and 5.35 million broker non-votes recorded.

They also approved, on an advisory (non-binding) basis, the compensation of the named executive officers, with 28,142,713 votes for, 74,614 against and 6,807 abstentions. Stockholders ratified BDO USA, P.C. as independent registered public accounting firm for the year ending December 31, 2026, with 33,420,167 votes for.

Rhea-AI Summary

RideNow Group, Inc. entered into an amended Polaris Floorplan Credit Facility that conditionally increases its inventory financing capacity from approximately $74.7 million to approximately $108.0 million. This facility is used by dealer subsidiaries to finance inventory purchases from approved vendors and for other purposes.

The increase is subject to conditions including adding two dealer entities, guaranty and intercreditor joinder amendments, and delivery of insurance certificates within a specified period. Dealer obligations are secured by a first-priority security interest in all personal property of each dealer, and the dealers are jointly and severally liable.

The facility bears variable interest and includes customary covenants and events of default such as failure to pay, insolvency, material adverse change, and cross-default. Upon default, Polaris Acceptance may accelerate amounts due and exercise secured party remedies under the Uniform Commercial Code.

Rhea-AI Summary

RideNow Group, Inc. reported higher first quarter 2026 revenue and a sharply reduced net loss while continuing to use cash in operations. Total revenue rose to $260.4 million, up 6.4% from $244.7 million, driven by powersports growth and stronger same store performance.

Net loss improved to $4.3 million from $9.7 million, with net loss per share narrowing to $0.11 from $0.26. Adjusted EBITDA increased to $9.3 million from $7.0 million. However, operating cash flow was a $27.6 million outflow versus a $6.9 million outflow, as inventory rose and debt levels remained high, with non-vehicle net debt of $190.7 million.

Rhea-AI Summary

RideNow Group, Inc. reported mixed fourth quarter and full year 2025 results. Q4 powersports revenue was $256.1 million, essentially flat year over year, while same store revenue rose 6.3% on a 7.7% increase in same store unit sales. Q4 net loss narrowed sharply to $6.4 million from $56.4 million, and Adjusted EBITDA increased to $9.7 million from $2.2 million as gross profit improved and SG&A held roughly flat.

For 2025, total revenue declined 10.5% to $1,082.5 million, mainly reflecting lower powersports and transportation services revenue. The full year net loss improved to $52.4 million from $78.6 million, and Adjusted EBITDA rose 40.4% to $46.2 million. Operating cash flow fell to $15.9 million from $99.4 million and free cash flow to $10.3 million from $97.4 million. The company ended 2025 with $29.5 million in unrestricted cash, $207.6 million of long-term debt including current maturities, non-vehicle net debt of $189.3 million, and a stockholders’ deficit of $12.5 million. RideNow ceased its vehicle transportation services business line effective December 31, 2025.

Rhea-AI Summary

RideNow Group, Inc. (RDNW) filed an 8-K to furnish its third-quarter results for the period ended September 30, 2025. The company announced the results via a press release dated November 4, 2025, which is attached as Exhibit 99.1. The disclosure under Item 2.02 (Results of Operations and Financial Condition) is being furnished and is not deemed filed under Section 18 of the Exchange Act.

The filing notes the company’s current name, RideNow Group, Inc., and references its former name, RumbleOn, Inc. The Class B common stock trades on Nasdaq under the symbol RDNW.

Rhea-AI Summary

RideNow Group (RDNW) appointed Joshua J. Barsetti as Executive Vice President and Chief Financial Officer, effective October 20, 2025. He succeeds Michael Quartieri, who returns full-time to his roles as Chairman, Chief Executive Officer, and President.

Under his agreement, Barsetti will receive a $375,000 base salary and an annual bonus target of 75% of salary. Equity awards include 112,000 time-based RSUs vesting in three equal annual installments and 70,000 PSUs that vest upon stock price thresholds achieved for 20 consecutive trading days: $11 (23,000 units), $17 (23,000 units), and $23 (24,000 units). If terminated without Cause or resigning for Good Reason, he is eligible for six months of base-salary severance and six months of company-paid COBRA. The agreement includes non-compete, non-solicitation, and confidentiality covenants for the employment term and 12 months post-termination.