Earnings ·
Reports Q3 net loss of $13.9M on $244.3M revenue, refinances $220M term loan
RDNWRideNow Group, Inc.
RideNow Group reported a third-quarter net loss of $13.9 million against revenue of $244.3 million, a 13.1% decline driven by lower unit volume and store consolidations. Adjusted EBITDA fell to $5.3 million from $12.3 million in the prior year period. The company successfully refinanced its senior secured term loan facility with a new $220.0 million term loan maturing in September 2031, while entering advanced discussions for a $50.0 million asset-based revolving credit facility to enhance liquidity. RideNow Group operates as a powersports dealership group.