Q2 2026 RideNow Group Inc Earnings Call Transcript
Key Points
- Adjusted EBITDA rose 19.2% year-over-year to $20.5 million in Q2 2026, reflecting strong operational leverage.
- Same Store Revenue increased 3% to $291.5 million, marking the fourth consecutive quarter of Same Store growth in revenue and units sold.
- New unit gross margins improved to 14.8% from 13.2% in the prior-year quarter, driving a $1.1 million increase in gross profit dollars.
- Adjusted free cash flow surged to $20.8 million for the first half of 2026, up from $2.9 million in the prior-year period.
- The company secured a new $20 million used floorplan facility and expanded new product floorplan capacity, boosting total available liquidity to $158.2 million.
- Total revenue declined to $296.8 million from $299.9 million in Q2 2025, driven by the closure of five stores.
- Pre-owned retail unit sales fell 6.8% year-over-year, and pre-owned gross margins decreased to 18% from 18.8%.
- Same Store Sales in early Q3 2026 are down slightly on a year-over-year basis, reflecting market volatility.
- Cash outflows from operating activities were $28.2 million for the first half of 2026, indicating significant cash usage.
- The company's refinancing efforts remain incomplete, with management noting that M&A growth is contingent on completing this process.
Good afternoon, ladies and gentlemen, and welcome to RideNow Group, Inc., second-quarter 2026 earnings conference call. (Operator Instructions) This call is being recorded on Tuesday, August 11, 2026.
I would now like to turn the conference over to Jerene Makia, Vice President of Finance. Please go ahead.
Thank you, operator. Good afternoon, everyone, and thank you for joining us for RideNow's second-quarter 2026 earnings conference call. Joining me on the call today are Michael Quartieri, RideNow's Chairman, Chief Executive Officer, and President; and Joshua Barsetti, RideNow's Executive Vice President and Chief Financial Officer. Our second-quarter results are detailed in the press release issued this afternoon, and supplemental information will be available in our Form 10-Q once filed.
Before we begin, I would like to remind you that comments made by management during this conference call may contain forward-looking statements, including, but not limited to,
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