Earnings Releases·Nov 10, 2026, 4:14 PM ET

RideNow Group, Inc. — Third Quarter 2026 Earnings Summary

Revenue declined 13.1% year-over-year to $244.3 million, driven by a 17.9% drop in new vehicle unit sales and the proactive rollout of the "RideNow Clear Price" pricing model; net loss widened to $13.9 million from $4.1 million, while Adjusted Free Cash Flow for the nine months increased 173.1% to $14.2 million.
Management expects Q4 Adjusted EBITDA to outpace Q3 and anticipates capturing $10 million in run-rate cost savings by the end of 2027, positioning the company to benefit from operating leverage as the broader powersports cycle rebounds.
The company completed a $220.0 million term loan refinancing maturing in 2031, incurred a $5.7 million loss on debt extinguishment, and is in advanced discussions for a new $50.0 million senior secured asset-based revolving credit facility.
Strategic initiatives included an accretive tuck-in acquisition in Tallahassee, Florida, and a 50.0% reduction in capital expenditures to $2.5 million over the first nine months, alongside a $4.6 million annualized cost reduction.