14 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 21.1% per year over the past 5 years.
Operating margin has expanded, at -0.0% in the latest year.
Free cash flow has declined 9.5% per year over the past 5 years.
Financial health
Total debt ($208M) exceeds cash ($30M); net debt is $178M.
Total debt has grown faster than revenue (163.0% vs 21.1% per year).
Total debt is 24× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$1.1B
-$52M
27.5%
-0.0%
419.2%
-7.8%
$10M
$208M
$30M
2024
$1.2B
-$79M
26.0%
-1.3%
-214.2%
-10.4%
$97M
$251M
$85M
2023
$1.4B
-$216M
26.3%
-5.1%
-204.1%
-23.3%
—
$274M
$59M
2022
$1.5B
-$262M
30.3%
-17.8%
-126.9%
-25.5%
-$24M
$598M
$47M
2021
$463M
-$10M
27.5%
-4.1%
-2.3%
-0.9%
-$38M
$258M
$46M
2020
$416M
-$25M
7.6%
-4.5%
-547.0%
-32.5%
$17M
$2M
$1M
2019
—
-$45M
—
—
-350.6%
-39.8%
-$40M
—
$49660
2018
—
-$25M
—
—
-81.7%
-23.1%
-$23M
—
$9M
2017
—
-$9M
—
—
-59.7%
-47.2%
-$10M
—
$9M
2017
—
-$1M
—
—
-20.6%
-15.2%
—
—
$4M
2016
—
-$224578
—
—
-20.5%
-16.1%
-$19976
—
$1M
2015
—
-$3727
—
—
2.4%
-58.2%
—
—
$3713
2015
—
-$48809
—
—
32.0%
-1106.0%
—
—
$1563
2014
—
-$135595
—
—
137.2%
-1238.9%
—
—
$6195
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$297M
$7M
28.6%
6.0%
-73.0%
0.9%
-$2M
$213M
$47M
Mar '26
$260M
-$4M
27.5%
2.9%
26.5%
-0.6%
-$28M
$211M
$30M
Dec '25
$257M
-$6M
27.6%
2.1%
51.2%
-1.0%
-$200000
$208M
$30M
Sep '25
$281M
-$4M
27.0%
3.3%
59.4%
-0.6%
$9M
$208M
$35M
Jun '25
$300M
-$32M
28.0%
-6.3%
685.1%
-4.5%
$9M
$218M
$45M
Mar '25
$245M
-$10M
27.5%
1.6%
-36.1%
-1.3%
-$7M
$216M
$41M
Dec '24
$270M
-$56M
25.0%
-15.2%
-153.7%
-7.5%
$30M
$251M
$85M
Sep '24
$295M
-$11M
25.2%
1.8%
-13.4%
-1.3%
$39M
$249M
$50M
Jun '24
$337M
-$700000
26.7%
4.6%
-0.7%
-0.1%
$12M
$248M
$58M
Mar '24
$308M
-$10M
26.8%
1.7%
-11.1%
-1.1%
$16M
$245M
$50M
Dec '23
$311M
-$169M
22.9%
-22.3%
-159.6%
-18.2%
—
$274M
$59M
Sep '23
$338M
-$17M
27.2%
-0.1%
-9.4%
-1.6%
—
—
$41M
Jun '23
$383M
-$14M
27.8%
0.2%
-7.4%
-1.3%
—
—
$44M
Mar '23
$334M
-$17M
27.0%
-0.2%
-8.8%
-1.6%
$7M
—
$52M
Dec '22
$332M
-$288M
27.9%
-98.9%
-139.7%
-28.0%
-$25M
$598M
$47M
Sep '22
$381M
$3M
30.1%
3.7%
0.6%
0.2%
-$48M
—
$40M
Jun '22
$412M
$14M
32.3%
7.5%
2.9%
1.1%
$19M
—
$68M
Mar '22
$445M
$9M
23.6%
5.1%
1.9%
0.7%
$30M
—
$59M
Dec '21
$430M
$21M
20.9%
3.7%
4.8%
2.0%
-$431000
$258M
$46M
Sep '21
$221M
-$23M
16.9%
-10.3%
-5.5%
-2.2%
-$20M
$3M
$68M
Valuation over time
How the market has priced RDNW against its own fundamentals since 2025-08 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 0.1× (Aug '25) to 0.2× (Sep '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is RDNW growing its revenue and profit?
Over the past 5 years, RideNow Group, Inc.'s revenue has grown 21.1% per year. These are computed facts, not advice.
How much debt does RDNW have?
As of FY2025, RideNow Group, Inc. reported $208M of total debt against $30M of cash.
What is RDNW's profit margin?
In FY2025, gross margin was 27.5%, operating margin -0.0%, and net margin -4.8%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.