RideNow Group Sees 'Tremendous Progress' in Turnaround Efforts, Posts Strong Q4 Earnings
The RideNow Group, Inc. has reported strong earnings for the fourth quarter of 2025, marking a significant milestone in its turnaround efforts. In a conference call on March 9, 2026, Michael Quartieri, Chairman and CEO of RideNow, highlighted the company's progress in improving operational efficiency and driving long-term value creation for shareholders.
Quartieri stated that over the past year, RideNow has made "tremendous progress" in its turnaround efforts, with a focus on getting the right people in place to drive execution and continuous improvement across all aspects of the business. The company's momentum has been building throughout 2025, with year-over-year improvements in gross profit and adjusted EBITDA in Q2, Q3, and now again in Q4.
In Q4 alone, RideNow generated $9.7 million in adjusted EBITDA, a year-over-year improvement of over $7.5 million. This strong performance was driven by the company's tactical plan to improve financial performance and structural changes to reset its strategic direction. Quartieri noted that the near-term initiatives of getting the right leadership in place, reevaluating the cost structure, and reinstalling a disciplined approach to store performance are continuing to progress and position RideNow for further improvement in operating results.
Additionally, RideNow has taken steps to optimize its store portfolio, selling two locations in Southern California and consolidating stores in Tucson and Houston. The company has also enhanced its financial disclosures to provide same-store sales data, which will be detailed by CFO Josh Sparcetti later in the call.
RideNow's focus on operational efficiency and execution has driven significant improvements in its bottom line, despite the challenges posed by the loss of its transportation business, Wholesale Express. With a maniacal focus on driving waste out of operations, the company is poised to continue delivering strong results as the macro environment improves.
Looking ahead, Quartieri expressed confidence that RideNow's momentum will continue into Q1, positioning the company for a potential refinancing of its term loan in the near future. The CEO noted that the company's year-over-year improvement in top-line metrics and focus on driving waste out of operations have led to improved financial performance and set the stage for further growth.
In conclusion, RideNow's Q4 earnings call demonstrates the company's commitment to delivering strong results and creating long-term value for its shareholders. With a clear plan in place and a focus on operational efficiency, RideNow is poised to continue driving success and growth in 2026."
