RideNow Group, Inc., announced financial results for the first quarter ended March 31, 2026.
Key First Quarter 2026 Highlights (Compared to First Quarter 2025)
• Powersports Revenue increased 6.4%, reaching $260.4 million, which represents an increase of $15.7 million.
• On a same store sales basis, Powersports Revenue was up 13.1%, driven by a 16.3% increase in unit sales.
• Powersports Gross profit was $71.6 million, up 8.3%.
• Selling, general & administrative expense was $62.1 million, or 86.7% of total Company gross profit, compared to $61.1 million, or 90.9% of gross profit.
• Net loss improved 55.7% to a loss of $4.3 million compared to a net loss of $9.7 million.
• Adjusted EBITDA increased to $9.3 million from $7.0 million.
“I am invigorated by our team’s unrelenting focus on execution, as evidenced by our first quarter results,” stated Chairman, Chief Executive Officer and President Michael Quartieri. “Our tactical plan combines near-term initiatives to improve financial performance with structural changes to elevate the Company’s strategic direction. All of our effort is focused on driving long-term value creation for our shareholders, and our first quarter results are further evidence that we are on the right trajectory.”
