RideNow (RDNW) Cost of Revenue (2017 - 2025)

RideNow's Cost of Revenue history runs 9 years deep, the most recent figure standing at $186.0 million for Q4 2025.

• In Q4 2025, Cost of Revenue fell 7.97% year-over-year to $186.0 million; the TTM figure through Dec 2025 stood at $784.5 million (down 12.34% YoY), while the FY2025 annual figure was $784.5 million, down 12.34% from the prior year.
• Cost of Revenue was $186.0 million for Q4 2025 at RideNow, down from $205.0 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $340.2 million in Q4 2021 to a low of $93.1 million in Q1 2021.
• Historically, Cost of Revenue has averaged $228.8 million across 5 years, with a median of $232.2 million in 2022.
• Biggest YoY gain for Cost of Revenue was 440.08% in 2021; the steepest drop was 36.13% in 2021.
• A 5-year view of Cost of Revenue shows it stood at $340.2 million in 2021, then fell by 29.73% to $239.1 million in 2022, then rose by 0.37% to $240.0 million in 2023, then dropped by 15.79% to $202.1 million in 2024, then declined by 7.97% to $186.0 million in 2025.
• The last three Cost of Revenue figures came in at $186.0 million (Q4 2025), $205.0 million (Q3 2025), and $216.0 million (Q2 2025), per Business Quant data.