RumbleOn's Q1 2025 revenue: $244.7M (20.5% decrease YoY), net loss improved to $9.7M, SG&A expense $61.1M.
RumbleOn, Inc. reported their first-quarter results for 2025, with a revenue of $244.7 million showing a decrease of 20.5% compared to the same period in 2024. The net loss improved to $9.7 million from $10.3 million. Operating cash outflows were $6.9 million compared to inflows of $17.0 million in 2024. The company repaid $38.8 million in convertible senior notes. Powersports segment saw a decline in unit sales, with new retail unit sales down 23.7% and pre-owned down 13.9%. The total powersports unit sales declined by 20.5%. Gross profit in the powersports segment was $66.1 million, down 16.4%. Adjusted EBITDA declined to $7.0 million from $7.7 million. Cash on hand was $41.1 million, down from $85.3 million. Long-term debt also decreased to $215.5 million. Full story available on Benzinga.com.
