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Mar 31, 2023
RumbleON Q1 2023 Earnings Report
Reported financial results for Q1 2023.
Key Takeaways
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.
Total unit sales reached 17,336, including 10,436 new units and 6,900 used units.
Total company revenue was $346.3 million.
Total company gross profit was $91.0 million, with a gross profit margin of 26.3%.
Net loss amounted to $(16.9) million, with a diluted loss per share of $(1.04).
RumbleON
RumbleON
RumbleON Revenue by Segment
Forward Guidance
RumbleOn reaffirmed its financial outlook for the full year 2023.
Positive Outlook
- Total Powersports and Transportation Revenue of $1.4 billion to $1.6 billion.
- Powersports GPU of approximately $5,700.
- Adjusted EBITDA of $95 million to $105 million.
Challenges Ahead
- Not Mentioned
Revenue & Expenses
Visualization of income flow from segment revenue to net income