{ "ok": true, "cik": "1596961", "ticker": "RDNW", "name": "RideNow Group, Inc.", "filings": [ { "form": "8-K", "filed": "2026-09-28", "items": [ "1.01 Entry into a Material Definitive Agreement", "1.02 Termination of a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1596961/000162828026063662/0001628280-26-063662-index.htm" }, { "form": "10-Q", "filed": "2026-08-11", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1596961/000162828026055737/0001628280-26-055737-index.htm" }, { "form": "8-K", "filed": "2026-08-11", "items": [ "2.02 Results of Operations and Financial Condition", "5.03 Amendments to Articles or Bylaws; Change in Fiscal Year", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1596961/000162828026055728/0001628280-26-055728-index.htm" }, { "form": "8-K", "filed": "2026-06-11", "items": [ "4.01 Changes in Registrant's Certifying Accountant", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1596961/000162828026042513/0001628280-26-042513-index.htm" }, { "form": "8-K", "filed": "2026-06-05", "items": [ "5.07 Submission of Matters to a Vote of Security Holders", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1596961/000162828026041197/0001628280-26-041197-index.htm" }, { "form": "8-K", "filed": "2026-05-18", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1596961/000162828026035821/0001628280-26-035821-index.htm" } ], "events12m": 9, "healthWatch": { "window": "last 12 months", "since": "2025-09-29", "signals": [ { "code": "4.01", "label": "Auditor change", "count": 1, "latest": { "filed": "2026-06-11", "url": "https://www.sec.gov/Archives/edgar/data/1596961/000162828026042513/0001628280-26-042513-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2025-10-20", "url": "https://www.sec.gov/Archives/edgar/data/1596961/000162828025045452/0001628280-25-045452-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001596961.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1596961" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up RideNow Group, Inc. ($RDNW). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-28. 9 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-06-11.", "auditor": { "changes": [ { "filed": "2026-06-11", "url": "https://www.sec.gov/Archives/edgar/data/1596961/000162828026042513/0001628280-26-042513-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 1082500000, "revenueGrowth1y": -0.10478001984783325, "revenueGrowthPerYear": 0.040324657494114735, "yearsOfData": 5, "operatingMargin": -0.00018475750577367207, "operatingMarginPrior": -0.01257029440952696, "netMargin": -0.04840646651270208, "operatingCashFlow": 15900000, "capitalSpending": 5600000, "freeCashFlow": 10300000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 29500000, "longTermDebt": 207600000, "longTermDebtChange": -0.17323775388291518, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 924171000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 1793369000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 1366400000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 1209200000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 1082500000 } ], "totalEquity": -12500000, "totalAssets": 673600000, "equityRatio": -0.018557007125890736, "returnOnEquity": null, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -1.38, "sharesOutstanding": 37959360, "bookValuePerShare": -0.32929954561931496, "revenuePerShare": 28.517340650632676, "range80": { "low": 579631450.5421374, "high": 1461852586.9526343, "baseline": 941960105.4721514, "n": 4599, "band": "b1", "bandLabel": "$1B–10B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.42205235051947476, "classVolatility": 0.07701947805587882, "volatility": 0.3033646210247774 }, "ifPaceHeld": { "low": 579631450.5421374, "high": 1461852586.9526343 } }, "edgarette": "🔖 Exposure: revenue $1.1B (FY2025), total debt $207.6M. Experience: revenue down 10.5% on the year, up 4.0% a year over 4 years; operating margin -0.0%, up from -1.3%. Soundness: equity -1.9% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $579.6M and $1.5B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $413.5M to $2.1B. A statistical range, not company guidance. Against peers (12 filers, $50M+ revenue, services-computer programming services): operating margin -0.0% against a 5.7% median; growth -10.5% against 6.7%.", "peers": { "sic": 7371, "sicDescription": "Services-Computer Programming Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7371", "growth": [ 0.0666, 10 ], "opMargin": [ 0.0565, 12 ], "equityRatio": [ 0.4421, 11 ], "returnOnEquity": [ 0.0397, 8 ] }, "summary": "RideNow Group (RDNW) saw revenue fall 10.5% in FY2025 to $1.1 billion, operating margin -0.0% against a 5.7% median for services-computer programming services, equity -1.9% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
RideNow Group, Inc. against its own record and its peers
Operating marginPeer median 5.7%-0.0%Revenue, on the yearPeer median 6.7%-10.5%Equity of assetsPeer median 44.2%-1.9%Gold tick: the median of 11–11 peers with $50M+ revenue in services-computer programming services
", "chartHorizon": null, "backtest": { "tests": 5, "hits": 4, "rate": 0.8, "method": "v4", "byYear": { "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-29T14:15:25.012Z", "hash": "cf769ec07e612206", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "RideNow Group (RDNW) saw revenue fall 10.5% in FY2025 to $1.1 billion, operating margin -0.0% against a 5.7% median for services-computer programming services, equity -1.9% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 1082500000, "totalDebt": 207600000, "cash": 29500000 }, "experience": { "revenueGrowth1y": -0.10478001984783325, "revenueGrowthPerYear": 0.040324657494114735, "operatingMargin": -0.00018475750577367207, "operatingMarginPrior": -0.01257029440952696, "netMargin": -0.04840646651270208, "freeCashFlow": 10300000 }, "soundness": { "equityRatio": -0.018557007125890736, "returnOnEquity": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 7371, "sicDescription": "Services-Computer Programming Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7371", "growth": [ 0.0666, 10 ], "opMargin": [ 0.0565, 12 ], "equityRatio": [ 0.4421, 11 ], "returnOnEquity": [ 0.0397, 8 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2026-06-11", "url": "https://www.sec.gov/Archives/edgar/data/1596961/000162828026042513/0001628280-26-042513-index.htm" } }, "healthWatch": { "window": "last 12 months", "since": "2025-09-29", "signals": [ { "code": "4.01", "label": "Auditor change", "count": 1, "latest": { "filed": "2026-06-11", "url": "https://www.sec.gov/Archives/edgar/data/1596961/000162828026042513/0001628280-26-042513-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2025-10-20", "url": "https://www.sec.gov/Archives/edgar/data/1596961/000162828025045452/0001628280-25-045452-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 579631450.5421374, "high": 1461852586.9526343, "baseline": 941960105.4721514, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4599, "sizeBand": "$1B–10B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.42205235051947476, "classVolatility": 0.07701947805587882, "pricedVolatility": 0.3033646210247774, "k": 3 }, "stress": { "low": 413455635.52948534, "high": 2050068111.5312285, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 5, "hits": 4, "rate": 0.8, "method": "v4", "byYear": { "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-29T14:15:25.012Z", "hash": "cf769ec07e612206", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001596961.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1596961" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0147, "growth3y": -0.0947, "volatility": 0.6238, "paysDividend": false, "raisedDividend": false, "equityRatio": -0.0186, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 1.5% of revenue into operating cash; revenue shrinking 9.5% a year over three years; no common dividend; liabilities exceed assets.", "outside": "Among $1B-10B companies: 8th percentile for cash, 7th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$1B-10B", "cashPctInClass": 8, "growthPctInClass": 7, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed auditor change in the last 12 months" }, { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" }, { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±43%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 4, "name": "Rotting at the dock", "plain": "four or more warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 15900000, "investing": -2700000, "financing": -67000000, "capitalSpending": 5600000, "free": 10300000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -32177000, "free": -37823000 }, { "fiscalYearEnd": "2022-12-31", "operating": -18887000, "free": -24487000 }, { "fiscalYearEnd": "2023-12-31", "operating": null, "free": null }, { "fiscalYearEnd": "2024-12-31", "operating": 99400000, "free": 97400000 }, { "fiscalYearEnd": "2025-12-31", "operating": 15900000, "free": 10300000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 29500000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 673600000, "ladder": null, "currentRatio": 1.13, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0147, "growth3y": -0.0947, "volatility": 0.6238, "paysDividend": false, "raisedDividend": false, "equityRatio": -0.0186, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 1.5% of revenue into operating cash; revenue shrinking 9.5% a year over three years; no common dividend; liabilities exceed assets.", "outside": "Among $1B-10B companies: 8th percentile for cash, 7th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$1B-10B", "cashPctInClass": 8, "growthPctInClass": 7, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed auditor change in the last 12 months" }, { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" }, { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±43%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 4, "name": "Rotting at the dock", "plain": "four or more warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 15900000, "investing": -2700000, "financing": -67000000, "capitalSpending": 5600000, "free": 10300000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -32177000, "free": -37823000 }, { "fiscalYearEnd": "2022-12-31", "operating": -18887000, "free": -24487000 }, { "fiscalYearEnd": "2023-12-31", "operating": null, "free": null }, { "fiscalYearEnd": "2024-12-31", "operating": 99400000, "free": 97400000 }, { "fiscalYearEnd": "2025-12-31", "operating": 15900000, "free": 10300000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 29500000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 673600000, "ladder": null, "currentRatio": 1.13, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }