RideNow Group, Inc.
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 14, 2025
RDNW$5.59+2.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
($ in millions, except per share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash | $85.3 | $58.9 |
| Restricted cash | 11.4 | 18.1 |
| Accounts receivable, net | 30.5 | 50.3 |
| Inventory, net | 240.6 | 347.5 |
| Prepaid expense and other current assets | 3.6 | 6.0 |
| Total current assets | 371.4 | 480.8 |
| Property and equipment, net | 63.5 | 76.8 |
| Right-of-use assets | 157.1 | 163.9 |
| Franchise rights and other intangible assets, net | 161.9 | 203.3 |
| Other assets | 1.3 | 1.5 |
| Total assets | $755.2 | $926.3 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable and other current liabilities | $75.4 | $68.1 |
| Vehicle floor plan notes payable | 209.9 | 291.3 |
| Current portion of long-term debt | 39.1 | 35.6 |
| Total current liabilities | 324.4 | 395.0 |
| Long-term liabilities: | ||
| Long-term debt, net of current maturities | 212.0 | 238.7 |
| Operating lease liabilities | 129.8 | 134.1 |
| Other long-term liabilities | 52.3 | 52.9 |
| Total long-term liabilities | 394.1 | 425.7 |
| Total liabilities | 718.5 | 820.7 |
| Commitments and contingencies (Note 18) | ||
| Stockholders' equity: | ||
| Class A common stock, $0.001 par value; 50,000 shares authorized; 50,000 shares issued and outstanding | — | — |
| Class B common stock, $0.001 par value; 100,000,000 shares authorized; 37,717,842 and 35,071,955 shares issued and outstanding, respectively | — | — |
| Additional paid in capital | 700.9 | 701.0 |
| Accumulated deficit | (659.9) | (591.1) |
| Class B common stock in treasury, at cost, 123,089 shares | (4.3) | (4.3) |
| Total stockholders' equity | 36.7 | 105.6 |
| Total liabilities and stockholders' equity | $755.2 | $926.3 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.