Rumbleon-B | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 299.9 M

Revenue: As of FY2025 Q2, the actual value is USD 299.9 M, beating the estimate of USD 280.18 M.

EPS: As of FY2025 Q2, the actual value is USD -0.85, missing the estimate of USD -0.025.

EBIT: As of FY2025 Q2, the actual value is USD -18.8 M.

Powersports Segment

Revenue

• New Retail Vehicles: Revenue decreased to $154.8 million for the three months ended June 30, 2025, compared to $175.8 million in the same period in 2024, and to $274.9 million for the six months ended June 30, 2025, compared to $330.8 million in 2024.
• Pre-owned Retail Vehicles: Revenue increased to $59.2 million for the three months ended June 30, 2025, compared to $54.1 million in 2024, and slightly decreased to $107.3 million for the six months ended June 30, 2025, compared to $108.1 million in 2024.
• Parts, Service, and Accessories: Revenue decreased to $52.4 million for the three months ended June 30, 2025, compared to $56.9 million in 2024, and to $98.5 million for the six months ended June 30, 2025, compared to $109.8 million in 2024.
• Finance and Insurance, Net: Revenue decreased to $27.2 million for the three months ended June 30, 2025, compared to $29.7 million in 2024, and to $48.3 million for the six months ended June 30, 2025, compared to $55.5 million in 2024.

Gross Profit

• Total Gross Profit: Decreased to $83.7 million for the three months ended June 30, 2025, compared to $86.8 million in 2024, and to $149.8 million for the six months ended June 30, 2025, compared to $165.9 million in 2024.

Vehicle Transportation Services Segment

Revenue

• Total Revenue: Decreased to $1.3 million for the three months ended June 30, 2025, compared to $15.2 million in 2024, and to $6.8 million for the six months ended June 30, 2025, compared to $29.5 million in 2024.

Gross Profit

• Total Gross Profit: Decreased to $0.2 million for the three months ended June 30, 2025, compared to $3.1 million in 2024, and to $1.3 million for the six months ended June 30, 2025, compared to $6.6 million in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $4.0 million for the six months ended June 30, 2025, compared to $29.2 million in 2024.
• Net Cash Used in Investing Activities: - $2.9 million for the six months ended June 30, 2025, compared to - $1.4 million in 2024.
• Net Cash Used in Financing Activities: - $38.0 million for the six months ended June 30, 2025, compared to - $33.7 million in 2024.

Future Outlook and Strategy

• Subordinated Loans Commitment Letters: On August 10, 2025, the Company entered into commitment letters with related parties for $10.0 million of subordinated loans to prepay outstanding principal amounts owed under the Credit Agreement.
• Amendment No. 10 to Credit Agreement: Extended the maturity date of the Credit Agreement from August 31, 2026, to September 30, 2027, and reduced the interest rate by 0.50% per annum.