RideNow Group, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.08B | $1.21B | $1.37B | $1.79B | $924.2M | $416.4M | $840.6M | $156.4M |
| Cost of Revenue | $784.5M | $894.9M | $1.01B | $1.02B | $766.0M | $384.8M | $790.0M | $142.9M |
| Gross Profit | $298.0M | $314.3M | $359.9M | $441.7M | $158.2M | $31.6M | $50.6M | $13.5M |
| Gross Margin | 27.5% | 26.0% | 26.3% | 24.6% | 17.1% | 7.6% | 6.0% | 8.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | $1.4M | $2.4M | $1.2M |
| SG&A Expense | $256.3M | $275.4M | $347.3M | $354.5M | $164.1M | $53.7M | $86.6M | $36.0M |
| Operating Income | $-200.0K | $-15.2M | $-69.5M | $-260.1M | $-8.9M | $-18.6M | $-37.8M | $-23.4M |
| Operating Margin | 0.0% | -1.3% | -5.1% | -14.5% | -1.0% | -4.5% | -4.5% | -15.0% |
| Interest Expense | — | — | $77.2M | $52.1M | $16.4M | $6.5M | $-7.2M | $1.8M |
| Pretax Income | $-52.1M | $-78.8M | $-155.1M | $-305.5M | $-31.4M | $-25.0M | $-45.2M | $-25.2M |
| Income Tax Expense | $300.0K | $-200.0K | $59.3M | $-72.0M | $-21.7M | $0 | $0 | $0 |
| Net Income | $-52.4M | $-78.6M | $-215.5M | $-261.5M | $-9.7M | $-25.0M | $-45.2M | $-25.2M |
| Net Margin | -4.8% | -6.5% | -15.8% | -14.6% | -1.1% | -6.0% | -5.4% | -16.1% |
| EPS (Basic) | $-1.38 | $-2.22 | $-12.15 | $-16.48 | $-0.71 | $-1.91 | $-6.76 | $-5.66 |
| EPS (Diluted) | $-1.38 | $-2.22 | $-12.15 | $-16.48 | $-0.71 | $-1.91 | — | — |
| Shares Outstanding (Basic) | 38.0M | 35.4M | 17.7M | 15.9M | 13.8M | 13.1M | 6.7M | 4.4M |
| Shares Outstanding (Diluted) | 38.0M | 35.4M | 17.7M | 15.9M | 13.8M | 13.1M | 6.7M | 4.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |