RideNow (RDNW) Operating Expenses (2014 - 2025)

RideNow (RDNW) recorded quarterly Operating Expenses of $7.4 million in Q4 2025, down 2.63% quarter-over-quarter from $7.6 million in Q3 2025, and up 1.37% on a YoY basis from $7.3 million in Q4 2024.

RideNow (RDNW) Operating Expenses (2014 - 2025) Analysis & Trends

RideNow's Operating Expenses history runs 12 years deep, the most recent figure standing at $7.4 million for Q4 2025.

  • In Q4 2025, Operating Expenses rose 1.37% year-over-year to $7.4 million; the TTM figure through Dec 2025 stood at $88.8 million (down 42.82% YoY), while the FY2025 annual figure was $30.1 million, down 6.81% from the prior year.
  • Operating Expenses was $7.4 million for Q4 2025 at RideNow, down from $7.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $100.3 million in Q2 2023 to a low of -$228.6 million in Q4 2022.
  • Historically, Operating Expenses has averaged $33.8 million across 5 years, with a median of $64.0 million in 2021.
  • The sharpest annual moves came in 2021 and 2025: Operating Expenses sank 15816.17% in 2021, then surged 713.41% in 2025.
  • A 5-year view of Operating Expenses shows it stood at -$47.6 million in 2021, then tumbled by 380.11% to -$228.6 million in 2022, then surged by 133.11% to $75.7 million in 2023, then sank by 90.36% to $7.3 million in 2024, then gained by 1.37% to $7.4 million in 2025.
  • The last three Operating Expenses figures came in at $7.4 million (Q4 2025), $7.6 million (Q3 2025), and $66.7 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Uxin 18.05 Bn 18.09 Bn 11.57 Mn -21.22 Mn
2 Carvana 9.49 Bn 7.89 Bn 1.27 Bn 690.00 Mn
3 Carmax 6.94 Bn 6.35 Bn 605.26 Mn 611.31 Mn
4 Lithia Motors 6.76 Bn 6.78 Bn 1.42 Bn 1.04 Bn
5 Autonation 6.51 Bn 6.45 Bn 1.21 Bn 842.20 Mn
6 Rush Enterprises Inc \Tx\ 5.19 Bn 4.97 Bn 343.80 Mn 242.63 Mn
7 Valvoline 4.57 Bn 4.48 Bn 187.00 Mn 98.70 Mn
8 Openlane 3.88 Bn 3.84 Bn 256.20 Mn 454.10 Mn
9 Group 1 Automotive 3.69 Bn 3.65 Bn 877.90 Mn 601.60 Mn
10 RideNow 277.10 Mn 247.60 Mn 70.90 Mn 7.40 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 7.40 Mn
Sep 30, 2025 7.60 Mn
Jun 30, 2025 66.70 Mn
Mar 31, 2025 7.10 Mn
Dec 31, 2024 7.30 Mn
Sep 30, 2024 65.90 Mn
Jun 30, 2024 8.20 Mn
Mar 31, 2024 73.90 Mn
Dec 31, 2023 75.70 Mn
Sep 30, 2023 85.00 Mn
Jun 30, 2023 100.30 Mn
Mar 31, 2023 86.30 Mn
Dec 31, 2022 -228.63 Mn
Sep 30, 2022 93.82 Mn
Jun 30, 2022 96.23 Mn
Mar 31, 2022 78.08 Mn
Dec 31, 2021 -47.62 Mn
Sep 30, 2021 62.20 Mn
Jun 30, 2021 18.11 Mn
Mar 31, 2021 13.40 Mn