RideNow Group, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 10, 2026, reporting a net loss of $13.9 million for the third quarter.

Key Highlights

  • Net loss of $13.9 million for the three months ended September 30, 2026, compared to a net loss of $4.1 million in the same period of 2025, according to the filing.
  • Total revenue of $244.3 million for Q3 2026, down from $281.0 million in Q3 2025, as reported in the unaudited condensed consolidated statements of operations.
  • Loss on debt extinguishment of $5.7 million was recorded in Q3 2026, with no comparable charge in Q3 2025, the filing disclosed.
  • Total assets of $743.1 million as of September 30, 2026, up from $673.6 million at December 31, 2025, per the balance sheet.
  • Total stockholders' deficit widened to $(22.1) million as of September 30, 2026, compared to $(12.5) million at December 31, 2025.
  • Inventory rose to $329.2 million as of September 30, 2026, from $257.4 million at December 31, 2025, the filing stated.
  • Floor plan notes payable increased to $291.9 million as of September 30, 2026, from $218.4 million at December 31, 2025.

RideNow Group Reports Higher Losses and Declining Revenue in Third Quarter 2026

RideNow Group, Inc. (NASDAQ:RDNW), a Nevada-incorporated powersports vehicle retailer headquartered in Chandler, Arizona, reported a net loss of $13.9 million for the three months ended September 30, 2026, compared to a net loss of $4.1 million in the same quarter of 2025, according to the filing. Total revenue fell to $244.3 million from $281.0 million year-over-year, with powersports vehicle revenue declining from $204.3 million to $175.5 million. Parts, service and accessories revenue also decreased, from $50.8 million to $47.1 million, while finance and insurance revenue dropped from $24.9 million to $21.7 million. Vehicle transportation services, which contributed $1.0 million in Q3 2025, generated no revenue in Q3 2026.

Gross profit for the quarter was $65.5 million, down from $76.0 million in Q3 2025. Operating income was $4.2 million, compared to $9.4 million in the prior-year period. The filing disclosed a loss on debt extinguishment of $5.7 million in Q3 2026, which the company reported had no equivalent in Q3 2025. Other interest expense, net, was $9.0 million for the quarter, compared to $10.4 million a year earlier. Total other expense for the quarter was $17.9 million, up from $13.4 million in Q3 2025, contributing to the wider net loss.

For the nine months ended September 30, 2026, total revenue was $801.5 million versus $825.6 million in the comparable 2025 period, and the net loss was $11.7 million compared to $46.0 million, which included a $34.0 million impairment of franchise rights recorded in the nine months ended September 30, 2025. The filing noted the company's accumulated deficit stood at $724.0 million as of September 30, 2026. As of November 6, 2026, the company reported 38,986,418 shares of Class B common stock and 50,000 shares of Class A common stock outstanding. The filing noted that it contains forward-looking statements subject to the company's cautionary language.

What Was Disclosed

RideNow Group filed its Q3 2026 Form 10-Q disclosing a net loss of $13.9 million, total revenue of $244.3 million, a $5.7 million loss on debt extinguishment, and a widened stockholders' deficit of $(22.1) million for the period ended September 30, 2026.