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Jun 30, 2024
RumbleON Q2 2024 Earnings Report
Reported a decrease in revenue but a significant improvement in net loss compared to the same quarter last year.
Key Takeaways
RumbleOn reported a 12.0% decrease in revenue to $336.8 million for Q2 2024, but significantly reduced its net loss to $0.7 million from $13.6 million in Q2 2023. The company focused on free cash flow generation and strategic initiatives like Vision 2026 to navigate industry challenges.
Revenue decreased by 12.0% to $336.8 million.
Net loss significantly improved, totaling $0.7 million compared to a $13.6 million loss in the same quarter last year.
Selling, general & administrative expense (SG&A) decreased to $71.4 million.
Adjusted EBITDA decreased 19.8% to $16.2 million.
RumbleON
RumbleON
RumbleON Revenue by Segment
Revenue by Segment
Powersports Revenue
CapyFin.comVehicle Transportation Services Revenue
CapyFin.com Forward Guidance
RumbleOn expects to continue to deliver positive free cash flow in the back half of 2024 and remains focused on achieving its Vision 2026 goals.
Revenue & Expenses
Visualization of income flow from segment revenue to net income