--- title: "RideNow | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 260.4 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286461436.md" datetime: "2026-05-14T20:17:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286461436.md) - [en](https://longbridge.com/en/news/286461436.md) - [zh-HK](https://longbridge.com/zh-HK/news/286461436.md) --- # RideNow | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 260.4 M Revenue: As of FY2026 Q1, the actual value is USD 260.4 M, beating the estimate of USD 258.8 M. EPS: As of FY2026 Q1, the actual value is USD -0.11, beating the estimate of USD -0.14. EBIT: As of FY2026 Q1, the actual value is USD 19.3 M. #### Overview of Q1 2026 Financial Performance RideNow Group, Inc. reported a total revenue of $260.4 million for the first quarter ended March 31, 2026, a 6.4% increase from $244.7 million in Q1 2025. The net loss improved by 55.7%, moving from a loss of $9.7 million in Q1 2025 to a loss of $4.3 million in Q1 2026. #### Revenue by Segment and Category - **Total Revenue:** Total revenue was $260.4 million for the three months ended March 31, 2026, marking a 6.4% increase from $244.7 million in the prior year period. - **Powersports Revenue:** Total Powersports Revenue for Q1 2026 was $260.4 million, an 8.9% increase from $239.2 million in Q1 2025. - New retail vehicles revenue increased by 12.4% to $135.0 million in Q1 2026 from $120.1 million in Q1 2025. - Pre-owned retail vehicles revenue increased by 8.1% to $52.0 million in Q1 2026 from $48.1 million in Q1 2025. - Wholesale vehicles revenue increased by 28.9% to $4.9 million in Q1 2026 from $3.8 million in Q1 2025. - Finance & Insurance, net revenue increased by 3.3% to $21.8 million in Q1 2026 from $21.1 million in Q1 2025. - Parts, Services, and Accessories revenue increased by 1.3% to $46.7 million in Q1 2026 from $46.1 million in Q1 2025. - **Vehicle Transportation Services:** Revenue from vehicle transportation services was $0 in Q1 2026, compared to $5.5 million in Q1 2025. #### Gross Profit and Margin - **Total Gross Profit:** Total gross profit increased by 6.5% to $71.6 million in Q1 2026 from $67.2 million in Q1 2025. - **Powersports Gross Profit:** Total Powersports Gross Profit increased by 8.3% to $71.6 million in Q1 2026 from $66.1 million in Q1 2025. - New retail vehicles gross profit increased by 17.8% to $19.2 million in Q1 2026 from $16.3 million in Q1 2025. - Pre-owned retail vehicles gross profit increased by 12.8% to $8.8 million in Q1 2026 from $7.8 million in Q1 2025. - Wholesale vehicles gross profit was - $0.2 million in Q1 2026, compared to $0.1 million in Q1 2025, representing a 300.0% decrease. - Finance & Insurance, net gross profit increased by 3.3% to $21.8 million in Q1 2026 from $21.1 million in Q1 2025. - Parts, Services, and Accessories gross profit increased by 5.8% to $22.0 million in Q1 2026 from $20.8 million in Q1 2025. - **Powersports Gross Profit Per Unit (GPU):** Powersports GPU decreased by 4.0% to $5,150 in Q1 2026 from $5,365 in Q1 2025. #### Operating Expenses and Profitability - **Selling, General & Administrative (SG&A) Expense:** SG&A increased by 1.6% to $62.1 million in Q1 2026 from $61.1 million in Q1 2025. SG&A represented 86.7% of total Company gross profit in Q1 2026, compared to 90.9% in Q1 2025. - **Adjusted SG&A:** Adjusted SG&A increased by 5.0% to $60.4 million in Q1 2026 from $57.5 million in Q1 2025. Adjusted SG&A was 84.3% of Gross Profit in Q1 2026, down from 85.6% in Q1 2025. - **Operating Income:** Operating income increased to $7.6 million in Q1 2026 from $3.8 million in Q1 2025. - **Adjusted EBITDA:** Adjusted EBITDA increased by 32.9% to $9.3 million in Q1 2026 from $7.0 million in Q1 2025. #### Cash Flow and Liquidity - **Operating Cash Flow:** Net cash used in operating activities was - $27.6 million for Q1 2026, compared to - $6.9 million for Q1 2025, representing a 300.0% change. - **Capital Expenditures:** Capital expenditures were - $0.6 million in Q1 2026, compared to - $0.5 million in Q1 2025. - **Free Cash Flow:** Free Cash Flow was - $28.2 million in Q1 2026, compared to - $7.4 million in Q1 2025, representing a 281.1% change. - **Cash Position:** Cash (unrestricted) was $30.2 million as of March 31, 2026, up 2.4% from $29.5 million as of December 31, 2025. - **Total Cash:** The Company ended Q1 2026 with $46.4 million in total cash, inclusive of restricted cash. - **Total Available Liquidity:** Total Available Liquidity, defined as total cash plus availability under floorplan credit facilities, was $145.7 million as of March 31, 2026. - **Non-Vehicle Net Debt:** Non-Vehicle Net Debt increased by 0.7% to $190.7 million as of March 31, 2026, from $189.3 million as of December 31, 2025. - **Long-term Debt:** Long-term Debt, including Current Maturities, increased by 1.8% to $211.3 million as of March 31, 2026, from $207.6 million as of December 31, 2025. #### Operational Metrics (Unit Sales) - **Total Powersports Unit Sales:** Total Powersports Unit Sales increased by 11.4% to 14,694 units in Q1 2026 from 13,186 units in Q1 2025. - New retail unit sales increased by 16.3% to 9,322 units in Q1 2026 from 8,013 units in Q1 2025. - Pre-owned retail unit sales increased by 6.6% to 4,593 units in Q1 2026 from 4,307 units in Q1 2025. - Wholesale unit sales decreased by 10.0% to 779 units in Q1 2026 from 866 units in Q1 2025. - **Same Store Powersports Unit Sales:** Total Same Store Powersports Unit Sales increased by 16.3% to 14,449 units in Q1 2026 from 12,422 units in Q1 2025. #### Outlook / Guidance Chairman, Chief Executive Officer, and President Michael Quartieri expressed encouragement regarding the team’s execution and first-quarter results. He indicated that the company’s tactical plan aims to improve financial performance and elevate strategic direction, with efforts focused on driving long-term value creation for shareholders. The Q1 results suggest the company is on the right trajectory for achieving these goals. ### Related Stocks - [RDNW.US](https://longbridge.com/en/quote/RDNW.US.md) ## Related News & Research - [RideNow Group Q1 revenue beats estimates as adjusted EBITDA rises](https://longbridge.com/en/news/286462393.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Electro-Sensors GAAP EPS of -$0.03, revenue of $2.6M](https://longbridge.com/en/news/286518577.md) - [Crombie Reit Announces May 2026 Monthly Distribution | CROMF Stock News](https://longbridge.com/en/news/286603129.md) - [Prairie Operating Co. 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