Ridenow Group, Inc. income statement
In fiscal 2025, Ridenow Group, Inc. reported revenue of $1.08bn, down 10.5% on the year before, operating income of −$200,000 (a -0.0% margin) and net income of −$52.4m, or −$1.38 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2014Nov 2014 | 2015Nov 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 7 | 156 | 841 | 416 | 924 | 1,793 | 1,366 | 1,209 | 1,083 | 1,095 |
| Cost of revenue | — | — | 0 | 7 | 143 | 790 | 385 | 766 | 1,017 | 1,007 | 895 | 785 | 792 |
| Gross profit | — | — | 0 | 0 | 14 | 51 | 32 | 158 | 442 | 360 | 314 | 298 | 303 |
| Research and development | 0 | — | — | — | 1 | 2 | 1 | — | — | — | — | — | — |
| Selling, general and administrative | — | — | 0 | 8 | 36 | 87 | 54 | 164 | 355 | 347 | 275 | 256 | 256 |
| General and administrative | 0 | 0 | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | −0 | −8 | −23 | −38 | −19 | −9 | −260 | −70 | −15 | −0 | 40 |
| Interest expense | 0 | 0 | 0 | 1 | 2 | −7 | 6 | 16 | 52 | 77 | — | — | — |
| Provision for credit losses | — | — | — | — | — | — | 0 | 0 | 1 | — | — | — | — |
| Income before tax | — | −0 | −0 | −9 | −25 | −45 | −25 | −31 | −306 | −155 | −79 | −52 | −8 |
| Income tax | — | 0 | −0 | 0 | 0 | 0 | 0 | −22 | −72 | 59 | −0 | 0 | 0 |
| Net income | −0 | −0 | −0 | −9 | −25 | −45 | −25 | −10 | −262 | −216 | −79 | −52 | −8 |
| Diluted EPS | — | −$0.02 | −$0.07 | — | — | — | −$1.91 | −$0.70 | −$8.24 | −$6.08 | −$2.22 | −$1.38 | −$0.22 |
| Diluted shares (average) | 3m | 2m | 3m | 6m | 9m | 13m | 13m | 14m | 32m | 35m | 35m | 38m | 38m |
| EBITDA | — | — | −0 | −7 | −22 | −36 | −16 | −3 | −237 | −48 | −1 | 9 | 49 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 295 | 270 | 245 | 300 | 281 | 257 | 260 | 297 |
| Cost of revenue | 221 | 202 | 178 | 216 | 205 | 186 | 189 | 212 |
| Gross profit | 74 | 68 | 67 | 84 | 76 | 71 | 72 | 85 |
| Selling, general and administrative | 66 | 64 | 61 | 67 | 64 | 64 | 62 | 65 |
| Operating income | 5 | −41 | 4 | −19 | 9 | 5 | 8 | 18 |
| Interest expense | 17 | — | 0 | 0 | 0 | — | — | — |
| Income before tax | −11 | −56 | −10 | −32 | −4 | −6 | −4 | 7 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −11 | −56 | −10 | −32 | −4 | −6 | −4 | 7 |
| Diluted EPS | −$0.32 | −$1.59 | −$0.26 | −$0.85 | −$0.11 | −$0.17 | −$0.11 | $0.16 |
| EBITDA | 8 | −37 | 6 | −17 | 12 | 8 | 10 | 20 |
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