RideNow (RDNW) Operating Leases (2019 - 2025)

RideNow (RDNW) recorded quarterly Operating Leases of $128.0 million in Q4 2025, up 2.4% quarter-over-quarter from $125.0 million in Q3 2025, and down 16.94% on a YoY basis from $154.1 million in Q4 2024.

RideNow (RDNW) Operating Leases (2019 - 2025) Analysis & Trends

RideNow's Operating Leases history runs 7 years deep, the most recent figure standing at $128.0 million for Q4 2025.

  • In Q4 2025, Operating Leases fell 16.94% year-over-year to $128.0 million; the TTM figure through Dec 2025 stood at $128.0 million (down 16.94% YoY), while the FY2025 annual figure was $128.0 million, down 16.94% from the prior year.
  • Operating Leases was $128.0 million for Q4 2025 at RideNow, up from $125.0 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $162.9 million in Q2 2023 to a low of $4.0 million in Q2 2021.
  • Historically, Operating Leases has averaged $124.2 million across 5 years, with a median of $133.2 million in 2024.
  • The sharpest annual moves came in 2022 and 2024: Operating Leases jumped 3280.26% in 2022, then declined 17.67% in 2024.
  • A 5-year view of Operating Leases shows it stood at $114.7 million in 2021, then grew by 10.47% to $126.7 million in 2022, then climbed by 24.7% to $158.0 million in 2023, then declined by 2.47% to $154.1 million in 2024, then decreased by 16.94% to $128.0 million in 2025.
  • The last three Operating Leases figures came in at $128.0 million (Q4 2025), $125.0 million (Q3 2025), and $129.7 million (Q2 2025), per Business Quant data.

Peer Comparison

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

Historic Data

Download Data
DateValue
Dec 31, 2025 128.00 Mn
Sep 30, 2025 125.00 Mn
Jun 30, 2025 129.70 Mn
Mar 31, 2025 129.00 Mn
Dec 31, 2024 154.10 Mn
Sep 30, 2024 133.20 Mn
Jun 30, 2024 134.10 Mn
Mar 31, 2024 136.40 Mn
Dec 31, 2023 158.00 Mn
Sep 30, 2023 160.45 Mn
Jun 30, 2023 162.87 Mn
Mar 31, 2023 129.52 Mn
Dec 31, 2022 126.70 Mn
Sep 30, 2022 150.27 Mn
Jun 30, 2022 135.96 Mn
Mar 31, 2022 143.69 Mn
Dec 31, 2021 114.69 Mn
Jun 30, 2021 4.02 Mn
Mar 31, 2021 4.48 Mn
Dec 31, 2020 4.37 Mn