RumbleON Earnings Reports

RumbleOn reported a decrease in revenue for Q3 2024, but net losses reduced compared to the previous year. The company focused on reducing inventories and SG&A expenses, and secured additional capital from shareholders.

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.

RumbleOn reported a decrease in revenue but improved profitability in Q1 2024. The company achieved $5.2 million in operating income, a significant improvement from the previous year's operating loss. Adjusted EBITDA increased by 8.3% to $11.7 million, despite an 8.0% decrease in revenue to $307.8 million.

RumbleOn reported a decrease in revenue for both the fourth quarter and the full year 2023, alongside a decrease in gross profit and adjusted EBITDA. Despite these declines, the company successfully completed a $100 million rights offering and paid down $50 million of debt in the quarter, positioning them favorably for 2024.

RumbleOn reported a decrease in revenue and profitability for Q3 2023, impacted by typical seasonality in the powersports business. The company focused on strengthening its balance sheet and reducing costs during the quarter.

RumbleOn reported a 14.5% sequential increase in total revenue to $382.7 million, driven by a rebound in new powersports vehicle sales. The company's gross profit increased by 17.8% to $106.4 million, with a gross profit margin of 27.8%. However, the company experienced a net loss from continuing operations of $(12.8) million, or $(0.78) per share, but achieved an adjusted net income of $0.3 million, or $0.02 per share. Adjusted EBITDA was $23.6 million.

RumbleOn reported Q1 2023 financial results, with total revenue of $346.3 million and a net loss of $16.9 million. The company sold 17,336 units and achieved a gross profit of $91.0 million.

RumbleOn's Q4 2022 saw a net loss of $(287.7) million, impacted by a $350.3 million non-cash impairment charge. Total revenue was $369.5 million, with the Powersports segment contributing 87%. The company focused on financial health, paying down $15 million in debt and engaging JP Morgan to review balance sheet initiatives.

RumbleOn reported Q3 2022 financial results with a total company revenue of $470.3 million and a gross profit of $116.3 million. The Powersports segment was a significant contributor, with revenue of $385.4 million. The company's net income was $3.0 million, with diluted earnings per share of $0.19. They also announced exploring strategic alternatives for the Automotive business.

RumbleOn reported record second-quarter results, achieving its first-ever half-billion-dollar revenue quarter with $546.1 million, driven by strength in the powersports segment. The company also saw a 31% sequential increase in gross profit, reaching $138.0 million, and a 53.5% sequential increase in net income, at $14.0 million.

RumbleOn reported a record first quarter with revenue of $460 million and a gross profit of $105 million. The company also saw robust cash generation with cash flow from operations over $31 million.

RumbleOn reported a record year, accelerating the flow of inventory acquired online through retail locations. The company generated $117.4 million in pro forma adjusted EBITDA and nearly $1.6 billion in pro forma revenue.

RumbleOn's Q3 results showed a proforma revenue of $392 million, a total gross profit of $89.4 million, and an Adjusted EBITDA of $23.6 million, based on a net income of $(22.5) million. Used retail unit sales were up 53% year-over-year. The company is increasing its full year 2021 revenue and adjusted EBITDA guidance ranges by approximately 5% at the midpoint.

RumbleOn reported a 100% year-over-year revenue growth and a 131% increase in gross profit for the second quarter of 2021. Total revenue reached $168.3 million, and gross profit was $19.5 million. The company also highlighted the pending business combination with RideNow, expected to close soon.

RumbleOn reported a 48% sequential increase in revenue and a 46% increase in gross profit for Q1 2021. The company improved its net income and achieved positive adjusted EBITDA. Looking ahead, RumbleOn projects year-over-year revenue growth of 66%-78% and gross profit growth of 113-125% in Q2.

RumbleOn reported a decrease in total revenue and vehicle unit sales for the full year 2020, but demonstrated improvements in gross margin and adjusted EBITDA. The company focused on profitability, which, combined with the impact of COVID-19, resulted in reduced commercial activity. However, gross profit per vehicle sold increased by over 100%.

RumbleOn reported a record-breaking third quarter, achieving positive adjusted EBITDA for the first time in the company's history. The company grew total gross profit per vehicle more than 260% year-over-year and reported a net income of $1.5 million, or $0.67 per share.

RumbleOn reported a revenue of $144.4 million, a 13.8% increase from Q4 2019. The company experienced imbalances in supply and demand starting in March due to the pandemic. RumbleOn took action to protect its business through prudent management of its financial resources. They are focused on the launch of the third generation of RumbleOn.com in Q3.