RideNow Group, Inc. (RDNW) Form 10-Q — Aug 11, 2026
RideNow Group reported Q2 2026 revenue of $296.8 million, down 1.0% year over year on four fewer stores, but swung to net income of $6.5 million ($0.17 basic EPS) from a $32.2 million loss a year ago, with same-store revenue up 3.0%. The improvement was driven largely by the absence of the prior-year $34.0 million franchise-rights impairment, which itself accounted for a big chunk of the year-ago loss.
Key figures
- Eps
- $0.17 basic / $0.16 diluted (Q2 2026); $0.06 basic (H1 2026)
- Revenue
- $296.8 million (Q2 2026); $557.2 million (H1 2026)
- Net Income
- $6.5 million (Q2 2026) vs. $(32.2) million (Q2 2025)
- Total Debt
- $487.0 million net (including $273.9 million floor plan notes)
- Revenue Yoy
- -1.0% (Q2); +2.3% (H1)
- Cash Position
- $46.7 million (plus $16.4 million restricted)
- Shares Outstanding
- 38,961,088 Class B; 50,000 Class A
- Dealerships
- 47
- Subordinated Loans
- $10.7 million at 13.0% PIK, due August 31, 2028
- Term Loan Principal
- $208.7 million, due September 30, 2027
- Operating Cash Flow H1
- $(27.7) million vs. +$4.0 million prior year
- Prior Year Impairment
- $34.0 million franchise rights (Q2 2025)
- Stockholders Deficit
- $(8.9) million
- Term Loan Interest Rate
- 11.7% as of June 30, 2026
- Floor Plan Notes Payable
- $273.9 million
- Refinancing Milestones
- Commence by September 30, 2026; complete by November 30, 2026
- Same Store Revenue Growth H1
- +7.4%
- Same Store Revenue Growth Q2
- +3.0%
- Polaris Floorplan Commitment
- $108.0 million, up from ~$74.7 million
Price after filing
1 day: -2.3%7 days: -3.8%30 days: -15.2%
Close on the filing date to close N calendar days later (from $6.51). Historical, not a forecast.
AI analysis
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