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RideNow Group RDNW Q3 2024 earnings

Reported November 12, 2024 · Before market open

Revenue$295.0MBeat by $15.1M
EPS-$0.32Miss by $0.21
Revenue estimate$279.9M
EPS estimate-$0.11

Next report

Date not yet announced

Financials

Q3 2024

Income statement

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Revenue$295.0M-12.7%
Gross profit$74.3M-19.2%
Operating income$5.3M+2,750%
Net income-$11.2M+32.1%
EPS (diluted)-$0.32+67.7%

Balance sheet

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Cash & equivalents$50.1M+21.0%
Total debt$382.2M-11.6%
Total equity$83.3M-52.4%
Total assets$830.5M-21.6%

Cash flow

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Operating cash flow$39.4M+405%
CapEx$600.0K-66.7%
Free cash flow$38.8M+364%

Valuation & ratios

Profitability

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Gross margin25.4%-2.1pp
Operating margin-3.5%-1.6pp
Net margin-15.2%-4.1pp
FCF margin3.3%+2.1pp

Returns & leverage

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Return on equity-147.6%+131pp
Debt / equity4.6×+2.1×
Current ratio1.1×-0.1×

FAQ

When did RideNow Group report Q3 2024 earnings?
RideNow Group (RDNW) reported Q3 2024 earnings on November 12, 2024 before market open.
What were RideNow Group's Q3 2024 revenue and EPS?
RideNow Group reported revenue of $295.0M and eps of $-0.32 for Q3 2024.
Did RideNow Group beat estimates in Q3 2024?
Revenue beat the consensus estimate of $279.9M by $15.1M. EPS missed the consensus estimate of $-0.11 by $0.21.
Where can I find RideNow Group's Q3 2024 SEC filings?
You can read the 8-K earnings release (0001596961-24-000103) and the 10-Q periodic report (0001596961-24-000106) directly on SEC EDGAR. The filing index links above go to sec.gov.