RideNow Group Inc-B 2025年季度报告

FORM10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedSeptember30, 2025orTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission file number:001-38248 RideNow Group, Inc.(Exact name of registrant as specified in its charter) Nevada 46-3951329 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) (480)755-5200 (Registrant's telephone number, including area code) RumbleOn, Inc.,901 W. Walnut Hill Lane,Suite 110A,Irving,Texas75038 (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Trading Symbol(s)RDNW Title of each class The Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.xYesoNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).xYesoNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growthcompany" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).oYesxNo The number of shares of Class B common stock, $0.001 par value, outstanding on October31, 2025 was38,017,502shares. In addition,50,000sharesof Class A common stock, $0.001 par value, were outstanding on October31, 2025. RideNow Group, Inc. QUARTERLY PERIOD ENDED SEPTEMBER30, 2025Table of Contents to Report on Form 10-Q PART I -FINANCIAL INFORMATION RideNow Group, Inc.Consolidated Balance Sheets($ in millions, except per share amounts) RideNow Group, Inc.Consolidated Statements of Operations($ in millions, except per share amounts)(Unaudited) RideNow Group, Inc.Consolidated Statements of Stockholders' Equity (Deficit)($ in millions)(Unaudited) See accompanying condensed notes to the unaudited consolidated financial statements. RideNow Group, Inc.Consolidated Statements of Cash Flows($ in millions)(Unaudited) CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) NOTE 1 –DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES Description of Business Effective August 13, 2025, we changed our corporate name to RideNow Group, Inc. (the “Company”). Inconnection with our name change and effective as of the same day, the ticker symbol for our Class B common stockchanged to RDNW. The Company’s Class B common stock will continue to be listed on The NASDAQ Stock Market. RideNow Group, Inc. operates throughtwooperating segments: a powersports dealership group and a vehicletransportation services entity, Wholesale Express, LLC (“Express”). The Company was incorporated in 2013, completedits initial public offering in 2017, and has grown primarily through acquisitions. Beginning August 13, 2025, the Companyrelocated its headquarters to Chandler, Arizona (Metro Phoenix) from Irving, Texas (the Dallas Metroplex). Unless thecontext requires otherwise, references in these financial statements to “RideNow Group,” the “Company,” “we,” “us,” “our,”and “us” refer to RideNow Group, Inc. and its consolidated subsidiaries. We offer a wide selection of new and pre-owned motorcycles, all-terrain vehicles (“ATV”), utility terrain or side-by-side vehicles (“SXS”), personal watercraft (“PWC”), snowmobiles, and other powersports products, including parts,apparel, accessories, finance & insurance products and services (“F&I”), and aftermarket products from a wide range ofmanufacturers. Additionally, we offer a full suite of repair and maintenance services. We operated53locations as ofSeptember30, 2025, primarily in the Sunbelt region. We source high quality pre-owned inventory directly from consumersvia our proprietary RideNow Cash Offer technology. Express provides asset-light brokerage services facilitating automobile transportation primarily between andamong dealerships and auctions throughout the