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Side-by-side financial comparison of RideNow Group, Inc. (RDNW) and REPLIGEN CORP (RGEN). Click either name above to swap in a different company.

RideNow Group, Inc. is the larger business by last-quarter revenue ($256.9M vs $197.9M, roughly 1.3× REPLIGEN CORP). REPLIGEN CORP runs the higher net margin — 6.7% vs -2.5%, a 9.2% gap on every dollar of revenue. On growth, REPLIGEN CORP posted the faster year-over-year revenue change (13.6% vs -4.7%). REPLIGEN CORP produced more free cash flow last quarter ($17.6M vs $-200.0K). Over the past eight quarters, REPLIGEN CORP's revenue compounded faster (14.4% CAGR vs -8.6%).

RideNow Group, Inc. is a leading U.S. retailer of new and used powersports vehicles, including motorcycles, all-terrain vehicles, side-by-sides, personal watercraft, and snowmobiles. It also offers related parts, repair services, and financing options for powersports enthusiasts across over 20 U.S. states.

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

RDNW vs RGEN — Head-to-Head

Bigger by revenue
RDNW
RDNW
1.3× larger
RDNW
$256.9M
$197.9M
RGEN
Growing faster (revenue YoY)
RGEN
RGEN
+18.4% gap
RGEN
13.6%
-4.7%
RDNW
Higher net margin
RGEN
RGEN
9.2% more per $
RGEN
6.7%
-2.5%
RDNW
More free cash flow
RGEN
RGEN
$17.8M more FCF
RGEN
$17.6M
$-200.0K
RDNW
Faster 2-yr revenue CAGR
RGEN
RGEN
Annualised
RGEN
14.4%
-8.6%
RDNW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RDNW
RDNW
RGEN
RGEN
Revenue
$256.9M
$197.9M
Net Profit
$-6.4M
$13.3M
Gross Margin
27.6%
52.5%
Operating Margin
2.1%
9.0%
Net Margin
-2.5%
6.7%
Revenue YoY
-4.7%
13.6%
Net Profit YoY
88.7%
143.9%
EPS (diluted)
$-0.16
$0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
RDNW
RDNW
RGEN
RGEN
Q4 25
$256.9M
$197.9M
Q3 25
$281.0M
$188.8M
Q2 25
$299.9M
$182.4M
Q1 25
$244.7M
$169.2M
Q4 24
$269.6M
$174.1M
Q3 24
$295.0M
$154.9M
Q2 24
$336.8M
$154.1M
Q1 24
$307.8M
$151.3M
Net Profit
RDNW
RDNW
RGEN
RGEN
Q4 25
$-6.4M
$13.3M
Q3 25
$-4.1M
$14.9M
Q2 25
$-32.2M
$14.9M
Q1 25
$-9.7M
$5.8M
Q4 24
$-56.4M
$-30.3M
Q3 24
$-11.2M
$-654.0K
Q2 24
$-700.0K
$3.3M
Q1 24
$-10.3M
$2.1M
Gross Margin
RDNW
RDNW
RGEN
RGEN
Q4 25
27.6%
52.5%
Q3 25
27.0%
53.2%
Q2 25
28.0%
50.0%
Q1 25
27.5%
53.6%
Q4 24
25.0%
26.1%
Q3 24
25.2%
50.0%
Q2 24
26.7%
49.8%
Q1 24
26.8%
49.5%
Operating Margin
RDNW
RDNW
RGEN
RGEN
Q4 25
2.1%
9.0%
Q3 25
3.3%
8.9%
Q2 25
-6.3%
7.6%
Q1 25
1.6%
3.9%
Q4 24
-15.2%
-17.7%
Q3 24
1.8%
-5.1%
Q2 24
4.6%
1.0%
Q1 24
1.7%
1.3%
Net Margin
RDNW
RDNW
RGEN
RGEN
Q4 25
-2.5%
6.7%
Q3 25
-1.5%
7.9%
Q2 25
-10.7%
8.2%
Q1 25
-4.0%
3.4%
Q4 24
-20.9%
-17.4%
Q3 24
-3.8%
-0.4%
Q2 24
-0.2%
2.2%
Q1 24
-3.3%
1.4%
EPS (diluted)
RDNW
RDNW
RGEN
RGEN
Q4 25
$-0.16
$0.24
Q3 25
$-0.11
$0.26
Q2 25
$-0.85
$0.26
Q1 25
$-0.26
$0.10
Q4 24
$-1.59
$-0.55
Q3 24
$-0.32
$-0.01
Q2 24
$-0.02
$0.06
Q1 24
$-0.29
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
RDNW
RDNW
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$29.5M
$767.6M
Total DebtLower is stronger
$218.8M
$542.2M
Stockholders' EquityBook value
$-12.5M
$2.1B
Total Assets
$673.6M
$2.9B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RDNW
RDNW
RGEN
RGEN
Q4 25
$29.5M
$767.6M
Q3 25
$35.4M
$748.7M
Q2 25
$44.7M
$708.9M
Q1 25
$41.1M
$697.2M
Q4 24
$85.3M
$757.4M
Q3 24
$50.1M
$784.0M
Q2 24
$58.1M
$809.1M
Q1 24
$50.3M
$780.6M
Total Debt
RDNW
RDNW
RGEN
RGEN
Q4 25
$218.8M
$542.2M
Q3 25
$207.5M
$537.9M
Q2 25
$218.4M
Q1 25
$215.5M
Q4 24
$267.4M
$525.6M
Q3 24
$249.0M
Q2 24
$247.7M
Q1 24
$245.2M
Stockholders' Equity
RDNW
RDNW
RGEN
RGEN
Q4 25
$-12.5M
$2.1B
Q3 25
$-6.9M
$2.1B
Q2 25
$-4.7M
$2.1B
Q1 25
$26.9M
$2.0B
Q4 24
$36.7M
$2.0B
Q3 24
$83.3M
$2.0B
Q2 24
$93.4M
$2.0B
Q1 24
$92.7M
$2.0B
Total Assets
RDNW
RDNW
RGEN
RGEN
Q4 25
$673.6M
$2.9B
Q3 25
$699.4M
$2.9B
Q2 25
$712.3M
$2.9B
Q1 25
$738.9M
$2.9B
Q4 24
$755.2M
$2.8B
Q3 24
$830.5M
$2.8B
Q2 24
$896.0M
$2.9B
Q1 24
$898.7M
$2.8B
Debt / Equity
RDNW
RDNW
RGEN
RGEN
Q4 25
0.26×
Q3 25
0.26×
Q2 25
Q1 25
8.01×
Q4 24
7.29×
0.27×
Q3 24
2.99×
Q2 24
2.65×
Q1 24
2.65×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
RDNW
RDNW
RGEN
RGEN
Operating Cash FlowLast quarter
$400.0K
$25.7M
Free Cash FlowOCF − Capex
$-200.0K
$17.6M
FCF MarginFCF / Revenue
-0.1%
8.9%
Capex IntensityCapex / Revenue
0.2%
4.1%
Cash ConversionOCF / Net Profit
1.93×
TTM Free Cash FlowTrailing 4 quarters
$10.3M
$93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RDNW
RDNW
RGEN
RGEN
Q4 25
$400.0K
$25.7M
Q3 25
$11.5M
$48.1M
Q2 25
$10.9M
$28.6M
Q1 25
$-6.9M
$15.0M
Q4 24
$30.8M
$39.2M
Q3 24
$39.4M
$49.3M
Q2 24
$12.2M
$42.2M
Q1 24
$17.0M
$44.7M
Free Cash Flow
RDNW
RDNW
RGEN
RGEN
Q4 25
$-200.0K
$17.6M
Q3 25
$9.4M
$43.4M
Q2 25
$8.5M
$21.5M
Q1 25
$-7.4M
$11.4M
Q4 24
$30.4M
$33.6M
Q3 24
$38.8M
$42.3M
Q2 24
$11.8M
$37.4M
Q1 24
$16.4M
$36.4M
FCF Margin
RDNW
RDNW
RGEN
RGEN
Q4 25
-0.1%
8.9%
Q3 25
3.3%
23.0%
Q2 25
2.8%
11.8%
Q1 25
-3.0%
6.8%
Q4 24
11.3%
19.3%
Q3 24
13.2%
27.3%
Q2 24
3.5%
24.3%
Q1 24
5.3%
24.0%
Capex Intensity
RDNW
RDNW
RGEN
RGEN
Q4 25
0.2%
4.1%
Q3 25
0.7%
2.5%
Q2 25
0.8%
3.9%
Q1 25
0.2%
2.1%
Q4 24
0.1%
3.2%
Q3 24
0.2%
4.5%
Q2 24
0.1%
3.1%
Q1 24
0.2%
5.5%
Cash Conversion
RDNW
RDNW
RGEN
RGEN
Q4 25
1.93×
Q3 25
3.23×
Q2 25
1.92×
Q1 25
2.57×
Q4 24
Q3 24
Q2 24
12.70×
Q1 24
21.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

RDNW
RDNW

Powersports New Vehicles$133.5M52%
Parts And Other Revenue$48.5M19%
Powersports Pre Owned Vehicles$45.8M18%
Finance And Insurance$24.1M9%
Vehicle Transportation Services Segment$800.0K0%

RGEN
RGEN

Segment breakdown not available.

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