RideNow (RDNW) Gross Margin (2017 - 2026)
RideNow (RDNW) posted quarterly Gross Margin of 27.6% for Q4 2025, up 256.0% year-over-year from 7.75% in Q4 2024, and up 2.04% quarter-over-quarter from 27.05% in Q3 2025.
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RideNow (RDNW) Gross Margin (2017 - 2026) 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 for Q4 2025 stood at 27.6%, up from 27.05% in the prior quarter.
- The five-year high for Gross Margin was 32.3% in Q2 2022, with the low at 10.72% in Q1 2021.
- The 5-year median for Gross Margin is 26.92% (2023), against an average of 24.64%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin soared 2071 bps in 2022, then sank 500 bps in 2023.
- RideNow's Gross Margin stood at 20.94% in 2021, then surged by 33 bps to 27.88% in 2022, then fell by 18 bps to 22.88% in 2023, then rose by 9 bps to 25.04% in 2024, then advanced by 10 bps to 27.6% in 2025.
- Business Quant data shows RDNW's Gross Margin at 27.6% in Q4 2025, 27.05% in Q3 2025, and 27.98% in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Carvana | 52.87 Bn | 50.13 Bn | 1.38 Bn | 18.76% |
| 2 | Penske Automotive | 14.22 Bn | 14.15 Bn | 1.36 Bn | 15.94% |
| 3 | Rush Enterprises Inc \Tx\ | 9.01 Bn | 8.75 Bn | 361.67 Mn | 19.04% |
| 4 | Carmax | 8.69 Bn | 8.10 Bn | 854.41 Mn | 10.66% |
| 5 | Lithia Motors | 8.26 Bn | 7.90 Bn | 1.50 Bn | 15.29% |
| 6 | Autonation | 6.73 Bn | 6.68 Bn | 1.23 Bn | 17.77% |
| 7 | Uxin | 5.72 Bn | 5.71 Bn | - | - |
| 8 | Valvoline | 4.10 Bn | 4.02 Bn | 214.90 Mn | 39.46% |
| 9 | Openlane | 4.07 Bn | 3.88 Bn | 248.20 Mn | 44.75% |
| 10 | RideNow | 219.46 Mn | 172.76 Mn | 84.80 Mn | 28.57% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.57% |
| 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% |