RideNow Group, Inc. (NASDAQ: RDNW)

RideNow Group, Inc. is a publicly traded company headquartered in Chandler Arizona. The firm was incorporated in 2013 and completed its initial public offering in 2017. It operates as the largest powersports retail group in the United States offering a broad selection of new and pre owned motorcycles all terrain vehicles utility terrain or side by side vehicles personal watercraft and related products. The company also provides parts apparel accessories finance and insurance products and repair and maintenance services through its network of dealerships.

The company generates revenue primarily from the sale of new and pre owned powersports vehicles. Additional income comes from the sale of parts apparel accessories and finance and insurance products offered at the point of sale. Service and repair work performed in the dealership service lanes contributes a steady stream of revenue. Prior to the end of 2025 the firm also earned fees from providing vehicle transportation brokerage services that facilitated automobile movements between dealerships and auctions.

The company operates through the following segments: a powersports dealership group and a vehicle transportation services business.

• The Powersports Segment encompasses the company's network of retail dealerships that sell new and pre owned motorcycles all terrain vehicles side by side vehicles personal watercraft and associated products. The segment also includes the sale of parts apparel accessories finance and insurance products and the provision of repair and maintenance services. The company sources new inventory from original equipment manufacturers such as BRP Can Am Sea Doo Polaris Harley Davidson Yamaha and Kawasaki under standard dealer agreements. Pre owned inventory is acquired through consumer purchases trade ins and auctions and is supplemented by the proprietary RideNow Cash Offer tool which enables direct purchases from consumers nationwide.

• The Vehicle Transportation Services Segment provided asset light transportation brokerage services that facilitated the movement of automobiles primarily between dealerships and auctions. The segment operated without owning physical transportation assets by leveraging a network of third party carriers. Revenue was generated through fees charged for arranging transport and managing logistics. The company ceased providing these services to third parties at the end of December 2025 and now focuses solely on its powersports dealership operations.

The powersports retail market in the United States is highly fragmented with competition coming from traditional franchised dealers independent pre owned powersports dealers and private party sellers. The company believes that the main competitive factors are consumer experience quality and the breadth and depth of product selection. Its RideNow Cash Offer tool is a key differentiator that enables direct acquisition of pre owned inventory from consumers across the country. The ability to leverage inventory across a large dealership network provides additional leverage with original equipment manufacturers and improves customer choice. The firm also emphasizes a standardized operating approach known as the RideNow Way which aims to improve efficiency margins and customer satisfaction.

The company serves individual consumers who purchase powersports vehicles for personal use recreation or work. Its dealerships also attract buyers looking for parts accessories and service support. Historically the transportation services segment served dealerships and auction houses that needed to move vehicles between locations. The firm does not disclose individual customer names in its public filings.