RideNow Group, Inc.

For the period ended Dec 31, 2024. Filed Mar 14, 2025.

About this filing

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

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Contents

Consolidated Statements of Operations

($ in millions, except per share amounts)

	2024	2023
Revenue:
Powersports vehicles	$842.6	$951.4
Parts, service and accessories	206.2	241.8
Finance and insurance, net	102.4	117.0
Vehicle transportation services	58.0	56.2
Total revenue	1,209.2	1,366.4
Cost of revenue:
Powersports vehicles	738.6	832.5
Parts, service and accessories	111.7	131.5
Vehicle transportation services	44.6	42.5
Total cost of revenue	894.9	1,006.5
Gross profit	314.3	359.9
Selling, general and administrative	275.4	347.3
Impairment of franchise rights and goodwill	39.3	60.1
Depreciation and amortization	14.3	22.0
Operating loss	(14.7)	(69.5)
Non-operating expense:
Floor plan interest expense	(16.0)	(13.2)
Other interest expense	(48.1)	(64.0)
Other expense	—	(8.4)
Total non-operating expense	(64.1)	(85.6)
Loss from continuing operations before income taxes	(78.8)	(155.1)
Income tax provision (benefit) from continuing operations	(0.2)	59.3
Loss from continuing operations	$(78.6)	$(214.4)
Loss from discontinued operations	—	(1.1)
Net loss	$(78.6)	$(215.5)
Weighted average number of common shares outstanding – basic and diluted	35,379,798	17,740,525
Loss from continuing operations per share – basic and diluted	$(2.22)	$(12.08)
Loss from discontinued operations per share – basic and diluted	$—	$(0.06)
Net loss per share — basic and diluted	$(2.22)	$(12.15)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.