RideNow Group Q3 revenue falls on weaker consumer spending
RDNW•RideNow Group’s third-quarter revenue fell 13% to $244.3 million, missing the $287.99 million consensus, while adjusted EBITDA declined to $5.3 million versus expectations of $14.64 million. The company expects fourth-quarter adjusted EBITDA to outpace Q3 and anticipates $10 million in incremental annualized cost savings as it exits 2027.
1. Quarterly results
RideNow Group reported third-quarter revenue of $244.3 million, down 13% and below the $287.99 million analyst consensus. Adjusted EBITDA was $5.3 million, missing expectations of $14.64 million, and the company posted a net loss of $13.9 million.
2. Sales and outlook
The company attributed the revenue decline to lower sales, reduced consumer spending and its Clear Price transparent pricing rollout, which it said reduced retail volume as customers adjusted and competitors had not yet complied. RideNow said it reduced costs by $4.6 million on an annualized basis during the quarter, expects fourth-quarter adjusted EBITDA to outpace Q3, and anticipates an additional $10 million in run-rate cost savings as it exits 2027.
