#United States #financial results #Chandler #Powersports #RideNow Group

RideNow Group, Inc. Financial Results Overview

Date: November 10, 2026
Location: Chandler, Arizona

In a recent announcement, RideNow Group, Inc. (NASDAQ: RDNW) shared its financial performance for the third quarter that concluded on September 30, 2026. The report reflects a series of significant trends and developments crucial for stakeholders and potential investors.

Key Financial Highlights

The financial summary reveals a total revenue of $244.3 million, marking a decrease of 13.1% compared to the same quarter in 2025. This decline was primarily attributed to decreased unit volumes alongside store consolidation initiatives. On a same-store sales basis, the Powersports segment saw a drop of 7.9% due to reduced overall consumer discretionary spending. Additionally, the introduction of a new transparent pricing model named 'Clear Price' aimed at enhancing pricing clarity in line with Federal Trade Commission (FTC) guidelines affected sales volume.

Chairman and CEO, Michael Quartieri, emphasized the company's strategic decision to implement this pricing model, stating, "Despite the immediate impact on retail volume, we believe aligning with FTC guidelines fosters long-term customer trust."

Financial Metrics

• - Gross Profit: $65.5 million, reflecting a 13.8% decrease
• - Selling, General, and Administrative Expenses (SGA): Reduced by $4.8 million to $59.6 million
• - Net Loss: Increased to $13.9 million, up from a loss of $4.1 million in Q3 2025
• - Adjusted EBITDA: Decreased to $5.3 million, down from $12.3 million

Operational Changes and Outlook

Amid the challenges, RideNow Group successfully refinanced its senior secured term loan, consolidating a new $220 million loan due in 2031. In addition, the company is exploring a $50 million asset-based revolving credit facility aimed at bolstering liquidity.

The management anticipates that the strategic measures, including a $10 million incremental cost-saving plan aimed for the end of 2027, will position the company to benefit once the powersports sector rebounds. Quartieri noted, "We continue making significant strides in operational transformation that will enhance our competitive edge."

Unit Sales and Revenue Breakdown

During Q3, the organization sold 8,127 new Powersports units (a 17.9% decrease from the previous year) and 4,055 pre-owned units (down 13.7%). Total Powersports unit sales were recorded at 12,886, a 19.2% decline compared to the same quarter last year.

Revenue from new retail vehicles amounted to $125.6 million, down 14.6%, while the segment for pre-owned vehicles saw a revenue drop to $45.5 million, decreasing by 15.0%. These declines reflect broader economic conditions impacting consumer spending, a sentiment echoed across numerous sectors.

Conclusion and Investor Call

As RideNow Group moves forward, the executive team is optimistic about Q4, with early indications suggesting a rebound in consumer awareness. They encourage stakeholders to join the upcoming investor conference call on November 10, 2026, at 4:30 PM ET for a detailed discussion regarding future projections and strategic direction.

In summary, despite a challenging quarter, RideNow Group’s proactive steps toward compliance and cost efficiency aim to foster recovery and long-term growth within the powersports industry.