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PRNewsWire
3 months ago
RumbleOn, Inc. Reports Second Quarter 2025 Financial Results
Rebranding Initiative, including Name Change to RideNow Group, Inc., Corporate Headquarters Relocation Back to Phoenix, AZ Area, and Ticker Symbol Change Amends, Reprices and Extends Credit Facility IRVING, Texas , Aug. 11, 2025 /PRNewswire/ -- RumbleOn, Inc. (NASDAQ: RMBL), the "Company" today announced results for the second quarter ended June 30, 2025. Key Second Quarter 2025 Highlights (Compared to Second Quarter 2024): Revenue of $299.9 million decreased 11.0%, driven by a 590 decline in unit sales in the Company's powersports segment and a $13.9 million decline in revenue in the vehicle transportation services segment Net loss, which included impairment charge of $34.0 million related to franchise rights, was $32.2 million compared to $0.7 million Selling, general & administrative expense (SG&A) was $66.7 million, a $4.7 million reduction compared to $71.4 million Adjusted EBITDA(1) increased $1.0 million to $17.2 million compared to $16.2 million Other Highlights: Executed a term loan amendment to extend the maturity of the Company's term loan through September 30, 2027 Rebranding of the Company's name to RideNow Group, Inc. ("RideNow"), aligning it back with the Company's roots of being a leading powersports dealership group and returning the corporate headquarters back to the Company's original RideNow flagship store location in Chandler, AZ, each effective August 13, 2025.