News & Events zu RideNow Group Inc (RDNW)RDNWRideNow Group Inc

Q2 Revenue at $296.8M, Adjusted EBITDA Rises to $20.5M

Reports Q2 revenue $296.8M vs. $299.9M last year. Reports Q2 Adjusted EBITDA up to $20.5M from $17.2M last year. On a same store sales basis, Powersports Revenue was up 3.0%, driven by a 1.7% increase in unit sales. Commenting on the quarter, Chairman, CEO and President Michael Quartieri said, "I am incredibly proud of our team's execution and the substantial progress we have made on our "back to our roots" strategy. Our performance gains over the last year demonstrate that we're on the right trajectory. We remain committed to driving sustained profitable growth, and delivering long-term value for our shareholders."

RideNow Group Expands Borrowing Capacity to $400M

RideNow Group announced a significant expansion of its borrowing capacity, securing an additional $35M in floorplan financing to support several of its major OEM relationships. The increase brings RideNow's total credit capacity to approximately $400M, up significantly from the amount reported at the close of 2025. The additional $35M funding was secured through Wells Fargo, which increased RideNow's floorplan capacity from $100M to $135M, which includes $115M dedicated to new vehicle inventory for Polaris, Indian and Suzuki and a new $20M allocation specifically for pre-owned vehicle inventory.

Company Reports Q1 Revenue of $260.4M

Reports Q1 revenue $260.4M vs. $244.7M last year. CEO Michael Quartieri said, "I am invigorated by our team's unrelenting focus on execution, as evidenced by our Q1. Our tactical plan combines near-term initiatives to improve financial performance with structural changes to elevate the company's strategic direction. All of our effort is focused on driving long-term value creation for our shareholders, and our Q1 results are further evidence that we are on the right trajectory."