RideNow Group (RDNW)
NASDAQ:RDNW
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.16Last Year’s EPS
-0.26Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a materially improved operating performance and clear signs of operational turnaround: large Q4 adjusted EBITDA improvement, multi-quarter same-store gains, stronger gross margins, unit mix improvement toward higher-margin pre-owned sales, and meaningful SG&A reductions. These operational wins are tempered by lower total revenue due to the intentional wind-down of Wholesale Express, a sharp year-over-year decline in operating cash flow and free cash flow (driven by the absence of prior-year one-time proceeds), a modest full-year unit decline, and leverage/refinancing considerations. Overall, the tone is constructive and indicates momentum in core powersports operations, but liquidity, cash generation and the loss of Wholesale Express remain key near-term risks.Company Guidance
Adjusted EBITDA Surge (Q4 and Full Year)
Q4 adjusted EBITDA was $9.7M, up 341% from $2.2M in Q4 last year (improvement of over $7.5M). Full-year adjusted EBITDA was $46.2M, a 40.4% increase year-over-year.
Same-Store Growth Across Key Metrics
Q4 same-store revenue increased to $256.9M from $241.6M, a 6.3% increase; same-store gross profit rose to $66.8M from $58.7M, a 13.8% increase; same-store unit sales increased to 15,420 from 14,320, up ~7.7%. Q4 marks the second consecutive quarter of same-store growth in revenue and units and the third consecutive quarter of same-store gross profit growth.
Improved Gross Margins and Powersports Profitability
Powersports gross profit for Q4 was $70.7M, a $6.5M improvement year-over-year. New unit gross margin improved to 13.2% from 10.8% (+2.4 percentage points) and pre-owned gross margin improved to 14.4% from 12.3% (+2.1 percentage points).
Unit Sales Mix Improvement (Pre-Owned Strength)
Total major unit sales in Q4 were 15,642, up 1.9% (294 units). Pre-owned unit sales grew to 4,125, up 5.1% (200 units), helping offset a 2.9% decline in new major unit sales (9,924, down 293 units).
SG&A and Cost Control Progress
Adjusted SG&A in Q4 was $59.9M (84.5% of gross profit) versus $62.3M (92.3% of gross profit) in prior-year Q4. For the full year, adjusted SG&A declined by $26.2M to $243.8M, a 9.7% reduction year-over-year.
Fixed Operations and F&I Performance
Fixed operations delivered $48.5M in revenue and $22.7M in gross profit with a GPU of $1,615, up $60 year-over-year. Finance & insurance revenue was $24.1M with GPU of $1,715, up $117 versus prior-year quarter.
Liquidity and Inventory Positioning
End-of-quarter cash was $42.9M (including restricted cash); availability under short-term floor plan facilities was ~$123.1M, resulting in total available liquidity of $152.6M. Inventory is targeted at 3–4 months and the majority of inventory is below 120 days, indicating fresher stock.
RDNW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RDNW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 09, 2026 | $6.70 | $6.21 | -7.31% |
Nov 04, 2025 | $3.34 | $4.14 | +23.95% |
Aug 11, 2025 | $2.00 | $3.21 | +60.50% |
May 07, 2025 | $2.64 | $2.42 | -8.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does RideNow Group (RDNW) report earnings?
RideNow Group (RDNW) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is RideNow Group (RDNW) earnings time?
RideNow Group (RDNW) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RDNW EPS forecast?
RDNW EPS forecast for the fiscal quarter 2026 (Q1) is -0.16.