RideNow Group, Inc.

NasdaqCM:RDNW Stock Report

Market Cap: US$164.4m

RideNow Group Balance Sheet Health

Financial Health criteria checks 2/6

RideNow Group has a total shareholder equity of $-4.7M and total debt of $458.6M, which brings its debt-to-equity ratio to -9757.4%. Its total assets and total liabilities are $712.3M and $717.0M respectively. RideNow Group's EBIT is $23.0M making its interest coverage ratio 0.4. It has cash and short-term investments of $44.7M.

Key information

-9,757.45%

Debt to equity ratio

US$458.60m

Debt

Interest coverage ratio0.4x
CashUS$44.70m
Equity-US$4.70m
Total liabilitiesUS$717.00m
Total assetsUS$712.30m

Recent financial health updates

Recent updates

RideNow Group, Inc.'s (NASDAQ:RDNW) 31% Price Boost Is Out Of Tune With Revenues

Aug 19
RideNow Group, Inc.'s (NASDAQ:RDNW) 31% Price Boost Is Out Of Tune With Revenues

Analysts Have Lowered Expectations For RumbleOn, Inc. (NASDAQ:RMBL) After Its Latest Results

May 10
Analysts Have Lowered Expectations For RumbleOn, Inc. (NASDAQ:RMBL) After Its Latest Results

Need To Know: The Consensus Just Cut Its RumbleOn, Inc. (NASDAQ:RMBL) Estimates For 2025

May 09
Need To Know: The Consensus Just Cut Its RumbleOn, Inc. (NASDAQ:RMBL) Estimates For 2025

RumbleOn (NASDAQ:RMBL) Has A Somewhat Strained Balance Sheet

Apr 13
RumbleOn (NASDAQ:RMBL) Has A Somewhat Strained Balance Sheet

RumbleOn, Inc. (NASDAQ:RMBL) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless

Jan 09
RumbleOn, Inc. (NASDAQ:RMBL) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless

After Leaping 27% RumbleOn, Inc. (NASDAQ:RMBL) Shares Are Not Flying Under The Radar

Nov 22
After Leaping 27% RumbleOn, Inc. (NASDAQ:RMBL) Shares Are Not Flying Under The Radar

Earnings Release: Here's Why Analysts Cut Their RumbleOn, Inc. (NASDAQ:RMBL) Price Target To US$6.50

Nov 15
Earnings Release: Here's Why Analysts Cut Their RumbleOn, Inc. (NASDAQ:RMBL) Price Target To US$6.50

RumbleOn, Inc.'s (NASDAQ:RMBL) P/S Is Still On The Mark Following 34% Share Price Bounce

Oct 06
RumbleOn, Inc.'s (NASDAQ:RMBL) P/S Is Still On The Mark Following 34% Share Price Bounce

Is RumbleOn (NASDAQ:RMBL) Using Too Much Debt?

Sep 27
Is RumbleOn (NASDAQ:RMBL) Using Too Much Debt?

RumbleOn, Inc. (NASDAQ:RMBL) Analysts Just Slashed This Year's Revenue Estimates By 10%

Aug 09
RumbleOn, Inc. (NASDAQ:RMBL) Analysts Just Slashed This Year's Revenue Estimates By 10%

RumbleOn, Inc. (NASDAQ:RMBL) Stocks Pounded By 26% But Not Lagging Industry On Growth Or Pricing

Jun 29
RumbleOn, Inc. (NASDAQ:RMBL) Stocks Pounded By 26% But Not Lagging Industry On Growth Or Pricing

Health Check: How Prudently Does RumbleOn (NASDAQ:RMBL) Use Debt?

Jun 22
Health Check: How Prudently Does RumbleOn (NASDAQ:RMBL) Use Debt?

Is RumbleON (NASDAQ:RMBL) Using Debt Sensibly?

Mar 15
Is RumbleON (NASDAQ:RMBL) Using Debt Sensibly?

Not Many Are Piling Into RumbleON, Inc. (NASDAQ:RMBL) Stock Yet As It Plummets 25%

Mar 15
Not Many Are Piling Into RumbleON, Inc. (NASDAQ:RMBL) Stock Yet As It Plummets 25%

Revenues Not Telling The Story For RumbleON, Inc. (NASDAQ:RMBL) After Shares Rise 28%

Dec 19
Revenues Not Telling The Story For RumbleON, Inc. (NASDAQ:RMBL) After Shares Rise 28%

RumbleON, Inc.'s (NASDAQ:RMBL) Popularity With Investors Is Clear

Jul 31
RumbleON, Inc.'s (NASDAQ:RMBL) Popularity With Investors Is Clear

These 4 Measures Indicate That RumbleON (NASDAQ:RMBL) Is Using Debt Extensively

May 17
These 4 Measures Indicate That RumbleON (NASDAQ:RMBL) Is Using Debt Extensively

Financial Position Analysis

Short Term Liabilities: RDNW has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: RDNW has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: RDNW has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: RDNW's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable RDNW has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: RDNW is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.1% per year.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/06 05:32
End of Day Share Price 2025/10/06 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

RideNow Group, Inc. is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Craig KennisonBaird
Ilya GrozovskyB. Riley Wealth
Ronald JoseyCitizens JMP Securities, LLC