RideNow Group posts Q3 2026 revenue decline and wider loss, refinances term loan
RideNow Group reported third‑quarter 2026 revenue of $244.3 million, a 13.1% year‑over‑year drop, and a net loss of $13.9 million, widening from $4.1 million a year earlier. Adjusted EBITDA fell 56.9% to $5.3 million. The company refinanced its senior secured term loan with a new $220.0 million facility maturing in September 2031 and ended the quarter with $47.6 million in cash and $149.4 million of total liquidity. Management said cost cuts of $4.6 million were made and expects an additional $10 million of run‑rate savings as it exits 2027, while forecasting Q4 adjusted EBITDA to exceed the quarter’s level.
Why it matters
The company expects Q4 adjusted EBITDA to improve, which could lift earnings momentum (the CEO said this in the earnings release). The refinancing and liquidity cushion reduce short‑term financing risk for investors.
Key facts
- 1Total revenue was $244.3 million, down 13.1% YoY. prnewswire.com
- 2Net loss increased to $13.9 million from $4.1 million the prior year. prnewswire.com
- 3Adjusted EBITDA decreased to $5.3 million from $12.3 million. prnewswire.com
- 4The senior secured term loan was refinanced with a new $220.0 million facility maturing in September 2031. prnewswire.com
- 5Cash at quarter end was $47.6 million and total available liquidity was $149.4 million. finance.yahoo.com
- 6New retail unit sales were 8,127, down 11.3% YoY; pre‑owned unit sales were 4,055, down 10% YoY. finance.yahoo.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.