The numbers are in and RideNow reports Powersports Revenue totaled $256.1 million. Same store sales revenue was up 6.3%, driven by a 7.7% increase in unit sales… the result was Powersports Gross Profit of $70.7 million, up 10.1% in a down market. The positive Q4 performance helped offset some of the softer quarters in 2025.
Commenting on the quarter, Chairman, Chief Executive Officer and President Michael Quartieri said, “I am proud of our team and the substantial progress we have made on our “back to our roots” strategy, with momentum building through the fourth quarter. These performance gains are a clear indication we are on the right trajectory to deliver sustained growth and value creation for our shareholders.”
Full year financials showed 2025 as down somewhat compared to 2024:
• Powersports Revenue of $1,073.9 million, a 6.7% decrease
• On a same store sales basis, Powersports Revenue was down 4.6%, driven by a 1.7% decrease in unit sales
• Selling, general & administrative expense was $256.3 million compared to $275.4 million, down 6.9%
• Net loss improved 33.3% to $52.4 million compared to a net loss of $78.6 million, including non-cash intangible asset impairment charges of $34.8 million and $39.3 million, respectively
• Adjusted EBITDA(1) increased 40.4% to $46.2 million
Bottom line: The Company generated $15.9 million in operating cash flow during 2025, ending the year with $29.5 million in unrestricted cash and $123.1 million of availability under its powersports floor plan lines of credit. During the year, the Company increased inventory $16.8 million and amounts payable under floor plans by $8.5 million. The Company repaid $61.1 million in principal amounts of debt during 2025.
