RDNW News & Events

RideNow Group announced a significant expansion of its borrowing capacity, securing an additional $35M in floorplan financing to support several of its major OEM relationships. The increase brings RideNow's total credit capacity to approximately $400M, up significantly from the amount reported at the close of 2025. The additional $35M funding was secured through Wells Fargo, which increased RideNow's floorplan capacity from $100M to $135M, which includes $115M dedicated to new vehicle inventory for Polaris, Indian and Suzuki and a new $20M allocation specifically for pre-owned vehicle inventory.

Reports Q1 revenue $260.4M vs. $244.7M last year. CEO Michael Quartieri said, "I am invigorated by our team's unrelenting focus on execution, as evidenced by our Q1. Our tactical plan combines near-term initiatives to improve financial performance with structural changes to elevate the company's strategic direction. All of our effort is focused on driving long-term value creation for our shareholders, and our Q1 results are further evidence that we are on the right trajectory."