RideNow (RDNW) Gross Margin (2017 - 2025)
RideNow (RDNW) recorded quarterly Gross Margin of 27.6% in Q4 2025, up 2.04% quarter-over-quarter from 27.05% in Q3 2025, and up 256.0% on a YoY basis from 7.75% in Q4 2024.
RideNow (RDNW) Gross Margin (2017 - 2025) Analysis & Trends
RideNow's Gross Margin history runs 9 years deep, the most recent figure standing at 27.6% for Q4 2025.
- In Q4 2025, Gross Margin rose 256.0% year-over-year to 27.6%; the TTM figure through Dec 2025 stood at 27.53% (up 154.0% YoY), while the FY2025 annual figure was 27.53%, up 154.0% from the prior year.
- Gross Margin was 27.6% for Q4 2025 at RideNow, up from 27.05% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 32.3% in Q2 2022 to a low of 10.72% in Q1 2021.
- Historically, Gross Margin has averaged 24.64% across 5 years, with a median of 26.92% in 2023.
- The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 2071 bps in 2022, then slumped 500 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 20.94% in 2021, then soared by 33 bps to 27.88% in 2022, then retreated by 18 bps to 22.88% in 2023, then gained by 9 bps to 25.04% in 2024, then climbed by 10 bps to 27.6% in 2025.
- The last three Gross Margin figures came in at 27.6% (Q4 2025), 27.05% (Q3 2025), and 27.98% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 18.05 Bn | 18.09 Bn | 11.57 Mn | 6.75% |
| 2 | Carvana | 9.49 Bn | 7.89 Bn | 1.27 Bn | 19.76% |
| 3 | Carmax | 6.94 Bn | 6.35 Bn | 605.26 Mn | 10.18% |
| 4 | Lithia Motors | 6.76 Bn | 6.78 Bn | 1.42 Bn | 15.33% |
| 5 | Autonation | 6.51 Bn | 6.45 Bn | 1.21 Bn | 18.48% |
| 6 | Rush Enterprises Inc \Tx\ | 5.19 Bn | 4.97 Bn | 343.80 Mn | 21.60% |
| 7 | Valvoline | 4.57 Bn | 4.48 Bn | 187.00 Mn | 37.12% |
| 8 | Openlane | 3.88 Bn | 3.84 Bn | 256.20 Mn | 48.53% |
| 9 | Group 1 Automotive | 3.69 Bn | 3.65 Bn | 877.90 Mn | 16.24% |
| 10 | RideNow | 277.10 Mn | 247.60 Mn | 70.90 Mn | 27.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 27.60% |
| Sep 30, 2025 | 27.05% |
| Jun 30, 2025 | 27.98% |
| Mar 31, 2025 | 27.46% |
| Dec 31, 2024 | 25.04% |
| Sep 30, 2024 | 25.19% |
| Jun 30, 2024 | 26.69% |
| Mar 31, 2024 | 26.84% |
| Dec 31, 2023 | 22.88% |
| Sep 30, 2023 | 27.21% |
| Jun 30, 2023 | 27.80% |
| Mar 31, 2023 | 27.00% |
| Dec 31, 2022 | 27.88% |
| Sep 30, 2022 | 30.06% |
| Jun 30, 2022 | 32.30% |
| Mar 31, 2022 | 23.63% |
| Dec 31, 2021 | 20.94% |
| Sep 30, 2021 | 16.90% |
| Jun 30, 2021 | 11.59% |
| Mar 31, 2021 | 10.72% |