With 50+ active storefronts spread across the nation, RideNow is a good litmus for the state of dealership health. And with more than 15,700 units sold in Q2 alone, the RideNow Group of dealers is larger than some OEMs. The good news was that new unit sales were up 12.1% for the quarter and pre-owned turnover was up 4% in Q2. However, total revenue was down 1%.
“We believe our powersports business is the largest powersports retail group in the United States, offering a wide selection of new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles and other powersports products,” said Chairman, Chief Executive Officer and President Michael Quartieri.
Key Second Quarter 2026 Highlights (Compared To Second Quarter 2025)
• Total revenue decreased 1.0%, primarily due to store consolidation effort coupled with former transportation services which ceased operations at the end of December 2025.
• On a same store sales basis, Powersports Revenue was up 3.0%, driven by a 1.7% increase in unit sales.
• Total gross profit was $84.8 million, up 1.1% as compared to $83.9 million.
• Selling, general & administrative expenses (“SG&A”) were $65.0 million, or 76.7% of gross profit, compared to $66.7 million, or 79.5% of gross profit.
• Net income improved to $6.5 million as compared to a net loss of $32.2 million in the prior year, which included a franchise right impairment charge of $34.0 million.
• Adjusted EBITDA increased to $20.5 million from $17.2 million, up 19.2%.
“I am incredibly proud of our team’s execution and the substantial progress we have made on our “back to our roots” strategy.,” added Quartieri. “Our performance gains over the last year demonstrate that we’re on the right trajectory. We remain committed to driving sustained profitable growth, and delivering long-term value for our shareholders.”
