RumbleOn, Inc. Reports Q1 2025 Financial Results

Rumbleon, Inc. ( (RMBL) ) has released its Q1 earnings. Here is a breakdown of the information Rumbleon, Inc. presented to its investors.

RumbleOn, Inc. is a company that operates in the powersports retail and vehicle transportation services sectors, offering a wide range of new and pre-owned powersports vehicles and asset-light transportation brokerage services across the United States.

In its first quarter of 2025, RumbleOn reported a revenue decline of 20.5% to $244.7 million, attributed to a decrease in unit sales in its powersports segment and a reduction in vehicle transportation services revenue. Despite the challenging market conditions, the company managed to reduce its net loss to $9.7 million from $10.3 million in the previous year.

Key financial highlights include a reduction in selling, general, and administrative expenses by $12.8 million, and a slight decline in adjusted EBITDA to $7.0 million. The company also repaid $38.8 million in convertible senior notes. However, operating cash outflows were $6.9 million, a significant shift from the $17.0 million inflows in the same period last year.

Looking forward, RumbleOn’s management remains optimistic about its turnaround initiatives, aiming to build on the current momentum despite the year-over-year volume decline in the powersports segment. The company continues to focus on strategic improvements to enhance its financial performance moving forward.