NASDAQ$RDNW
RideNow Group Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Delivered record revenue and achieved significant growth in gross profit and earnings per share.
RumbleOn reported record second-quarter results, achieving its first-ever half-billion-dollar revenue quarter with $546.1 million, driven by strength in the powersports segment. The company also saw a 31% sequential increase in gross profit, reaching $138.0 million, and a 53.5% sequential increase in net income, at $14.0 million.
- Total revenue reached a record $546.1 million, up 18.7% sequentially.
- Gross profit increased by 31.1% sequentially to $138.0 million, with a gross profit margin of 25.3%.
- Net income increased 53.5% sequentially to $14.0 million, with diluted earnings per share of $0.87.
- Adjusted EBITDA increased 41.0% sequentially to $44.3 million.
Headline financials
Revenue & EPS history
RumbleON · Revenue · Quarterly
$546M
Revenue by segment
RumbleON · $260M total across 1 segment · Q1 2026
- Powersports Dealership Group$260M—100.0%
Forward guidance
RumbleOn is reiterating its outlook for the full year 2022 with total revenue expected to be in the range of $1.9 to $2.0 billion and Adjusted EBITDA of at least $145 million, which includes up to $20 million of incremental operating and capital investments in key strategic areas.
Tailwinds
- RumbleOn expects growth in Used Retail Powersports Unit Sales to be in excess of 50% year-over-year.
- The company anticipates a return to sequential revenue growth in the fourth quarter.
- RumbleOn is benefiting from a strong demand for Used Powersports.
- Company continues to align its inventory acquisition with demand, adjusting Used Powersports inventory levels, and leveraging its omnichannel platform to channel Used Powersports units through its retail locations.
- RumbleOn has a durable business model with unique advantages enabling it to continue to deliver revenue growth and profitability, with strong unit economics, and robust cash generation
Headwinds
- The Company anticipates a sequential decline in the third quarter revenue, with the third quarter being the weakest.
- New Powersports Unit Sales in the first half of this year declined in the mid-single digits on a year-over-year comparable pro forma basis.
- The reaffirmed guidance contemplates a decline in New Powersports Unit Sales in the mid-single digits for the full year due to manufacturer's supply chain constraints.
- RumbleOn is not immune to macro headwinds
- RumbleOn now expects the revenue from non-powersports segments in the second half of the year to be approximately consistent with that in the first half of the year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
+2.1%
Avg return
Earnings day
+2.9%
Avg return
5 days after
+3.9%
Avg return
30 days after
39%
15 / 38 earnings
Positive
+61.0%
Q2 2025
Best reaction
-38.1%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.5% | -3.7% | -0.9% | |
| Q4 2025 | -7.3% | -9.7% | +0.4% | |
| Q3 2025 | +0.6% | +34.1% | +62.8% | |
| Q2 2025 | +61.0% | +48.0% | +111.0% | |
| Q1 2025 | -7.7% | -3.0% | -32.2% | |
| Q4 2024 | -5.5% | -6.8% | -34.2% | |
| Q3 2024 | -9.2% | -3.3% | +10.7% | |
| Q2 2024 | -2.5% | -5.0% | +2.5% | |
| Q1 2024 | +26.2% | +24.5% | +13.1% | |
| Q4 2023 | -25.6% | -16.9% | -20.4% | |
| Q3 2023 | -2.8% | -11.2% | -15.6% | |
| Q2 2023 | -20.8% | -30.3% | -39.0% | |
| Q1 2023 | +21.3% | +24.3% | +60.8% | |
| Q4 2022 | -0.3% | +1.1% | +8.1% | |
| Q3 2022 | -38.1% | -43.9% | -53.3% | |
| Q2 2022 | +21.9% | +29.8% | +10.5% | |
| Q1 2022 | -3.1% | +14.6% | +16.5% | |
| Q4 2021 | +23.6% | +28.5% | -19.5% | |
| Q3 2021 | -11.1% | -14.4% | -22.7% | |
| Q2 2021 | -6.4% | -11.0% | -10.0% | |
| Q1 2021 | +10.4% | +7.3% | +2.3% | |
| Q4 2020 | +35.4% | +43.8% | -2.1% | |
| Q3 2020 | -1.2% | -11.6% | -21.2% | |
| Q2 2020 | +38.1% | +55.9% | +49.2% | |
| Q1 2020 | -4.1% | -10.5% | +106.0% | |
| Q4 2019 | +15.5% | +10.1% | +34.4% | |
| Q3 2019 | -34.2% | -25.5% | -64.7% | |
| Q2 2019 | -3.6% | -14.8% | -31.2% | |
| Q1 2019 | +0.0% | -4.1% | -9.1% | |
| Q4 2018 | -6.4% | -12.3% | -8.6% | |
| Q3 2018 | +3.2% | +7.9% | -5.7% | |
| Q2 2018 | -1.3% | -3.4% | +9.1% | |
| Q1 2018 | -6.2% | -3.5% | -10.0% | |
| Q4 2017 | +5.2% | +7.9% | +2.7% | |
| Q4 2016 | +5.2% | +7.9% | +2.7% | |
| Q3 2017 | -4.7% | -4.7% | +2.8% | |
| Q2 2017 | +0.0% | +0.0% | +14.3% | |
| Q1 2017 | +15.0% | +15.0% | +30.0% | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — |
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