RumbleON Inc. Reports Q2 2025 Results: Revenue Down 11%, Net Loss Swells to $32.2M; Adjusted EBITDA Rises $1M

Reuters08-12
RumbleON Inc. Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Results: Revenue Down 11%, Net Loss Swells to $32.2M; Adjusted EBITDA Rises $1M

RumbleON Inc. $(RMBL)$ reported its financial results for the second quarter ending June 30, 2025. The company recorded a revenue of $299.9 million, marking an 11.0% decrease from $336.8 million in the same period in 2024. This decline was primarily driven by a reduction in unit sales within the powersports segment and a $13.9 million decrease in revenue from the vehicle transportation services segment. The net loss for the quarter was $32.2 million, which included a $34.0 million impairment charge related to franchise rights, compared to a net loss of $0.7 million in the second quarter of 2024. Selling, general, and administrative expenses amounted to $66.7 million, showing a $4.7 million reduction from $71.4 million in the previous year. Additionally, the company announced a rebranding initiative, changing its name to RideNow Group, Inc. and relocating its corporate headquarters back to the Phoenix, AZ area. The company also executed a term loan amendment, extending the maturity of its term loan to September 30, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RumbleON Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CL48690) on August 11, 2025, and is solely responsible for the information contained therein.
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