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Side-by-side financial comparison of RideNow Group, Inc. (RDNW) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
RideNow Group, Inc. is the larger business by last-quarter revenue ($256.9M vs $188.3M, roughly 1.4× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -2.5%, a 50.4% gap on every dollar of revenue. On growth, RideNow Group, Inc. posted the faster year-over-year revenue change (-4.7% vs -21.9%). Over the past eight quarters, RideNow Group, Inc.'s revenue compounded faster (-8.6% CAGR vs -15.4%).
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.
RDNW vs RILY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $256.9M | $188.3M |
| Net Profit | $-6.4M | $90.3M |
| Gross Margin | 27.6% | 79.5% |
| Operating Margin | 2.1% | 32.3% |
| Net Margin | -2.5% | 47.9% |
| Revenue YoY | -4.7% | -21.9% |
| Net Profit YoY | 88.7% | 1710.8% |
| EPS (diluted) | $-0.16 | $2.78 |
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.
| Q4 25 | $256.9M | $188.3M | ||
| Q3 25 | $281.0M | $215.3M | ||
| Q2 25 | $299.9M | $188.2M | ||
| Q1 25 | $244.7M | $197.2M | ||
| Q4 24 | $269.6M | $241.0M | ||
| Q3 24 | $295.0M | $225.5M | ||
| Q2 24 | $336.8M | $256.0M | ||
| Q1 24 | $307.8M | $263.4M |
| Q4 25 | $-6.4M | $90.3M | ||
| Q3 25 | $-4.1M | $91.1M | ||
| Q2 25 | $-32.2M | $139.5M | ||
| Q1 25 | $-9.7M | $-10.0M | ||
| Q4 24 | $-56.4M | $-5.6M | ||
| Q3 24 | $-11.2M | $-284.4M | ||
| Q2 24 | $-700.0K | $-433.6M | ||
| Q1 24 | $-10.3M | $-49.2M |
| Q4 25 | 27.6% | 79.5% | ||
| Q3 25 | 27.0% | 83.7% | ||
| Q2 25 | 28.0% | 81.3% | ||
| Q1 25 | 27.5% | 81.4% | ||
| Q4 24 | 25.0% | 79.8% | ||
| Q3 24 | 25.2% | 82.1% | ||
| Q2 24 | 26.7% | 84.5% | ||
| Q1 24 | 26.8% | 85.3% |
| Q4 25 | 2.1% | 32.3% | ||
| Q3 25 | 3.3% | 30.4% | ||
| Q2 25 | -6.3% | 5.7% | ||
| Q1 25 | 1.6% | -31.2% | ||
| Q4 24 | -15.2% | -69.2% | ||
| Q3 24 | 1.8% | -36.4% | ||
| Q2 24 | 4.6% | -90.8% | ||
| Q1 24 | 1.7% | -6.1% |
| Q4 25 | -2.5% | 47.9% | ||
| Q3 25 | -1.5% | 42.3% | ||
| Q2 25 | -10.7% | 74.1% | ||
| Q1 25 | -4.0% | -5.1% | ||
| Q4 24 | -20.9% | -2.3% | ||
| Q3 24 | -3.8% | -126.1% | ||
| Q2 24 | -0.2% | -169.4% | ||
| Q1 24 | -3.3% | -18.7% |
| Q4 25 | $-0.16 | $2.78 | ||
| Q3 25 | $-0.11 | $2.91 | ||
| Q2 25 | $-0.85 | $4.50 | ||
| Q1 25 | $-0.26 | $-0.39 | ||
| Q4 24 | $-1.59 | $-0.01 | ||
| Q3 24 | $-0.32 | $-9.39 | ||
| Q2 24 | $-0.02 | $-14.35 | ||
| Q1 24 | $-0.29 | $-1.71 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.5M | $226.6M |
| Total DebtLower is stronger | $218.8M | $1.4B |
| Stockholders' EquityBook value | $-12.5M | $-171.5M |
| Total Assets | $673.6M | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.5M | $226.6M | ||
| Q3 25 | $35.4M | $184.2M | ||
| Q2 25 | $44.7M | $267.4M | ||
| Q1 25 | $41.1M | $138.3M | ||
| Q4 24 | $85.3M | $146.9M | ||
| Q3 24 | $50.1M | $159.2M | ||
| Q2 24 | $58.1M | $236.9M | ||
| Q1 24 | $50.3M | $190.7M |
| Q4 25 | $218.8M | $1.4B | ||
| Q3 25 | $207.5M | $1.3B | ||
| Q2 25 | $218.4M | $1.3B | ||
| Q1 25 | $215.5M | $1.4B | ||
| Q4 24 | $267.4M | $1.5B | ||
| Q3 24 | $249.0M | — | ||
| Q2 24 | $247.7M | — | ||
| Q1 24 | $245.2M | — |
| Q4 25 | $-12.5M | $-171.5M | ||
| Q3 25 | $-6.9M | $-260.5M | ||
| Q2 25 | $-4.7M | $-351.7M | ||
| Q1 25 | $26.9M | $-496.8M | ||
| Q4 24 | $36.7M | $-488.2M | ||
| Q3 24 | $83.3M | $-497.6M | ||
| Q2 24 | $93.4M | $-218.3M | ||
| Q1 24 | $92.7M | $228.4M |
| Q4 25 | $673.6M | $1.7B | ||
| Q3 25 | $699.4M | $1.7B | ||
| Q2 25 | $712.3M | $1.5B | ||
| Q1 25 | $738.9M | $1.5B | ||
| Q4 24 | $755.2M | $1.8B | ||
| Q3 24 | $830.5M | $2.2B | ||
| Q2 24 | $896.0M | $3.2B | ||
| Q1 24 | $898.7M | $5.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 8.01× | — | ||
| Q4 24 | 7.29× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $400.0K | $26.2M |
| Free Cash FlowOCF − Capex | $-200.0K | — |
| FCF MarginFCF / Revenue | -0.1% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | — | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $10.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $400.0K | $26.2M | ||
| Q3 25 | $11.5M | $-60.6M | ||
| Q2 25 | $10.9M | $-25.6M | ||
| Q1 25 | $-6.9M | $184.0K | ||
| Q4 24 | $30.8M | $-2.7M | ||
| Q3 24 | $39.4M | $19.5M | ||
| Q2 24 | $12.2M | $111.5M | ||
| Q1 24 | $17.0M | $135.4M |
| Q4 25 | $-200.0K | — | ||
| Q3 25 | $9.4M | — | ||
| Q2 25 | $8.5M | — | ||
| Q1 25 | $-7.4M | — | ||
| Q4 24 | $30.4M | — | ||
| Q3 24 | $38.8M | — | ||
| Q2 24 | $11.8M | — | ||
| Q1 24 | $16.4M | — |
| Q4 25 | -0.1% | — | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | -3.0% | — | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 13.2% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 5.3% | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.2% | — |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RDNW
| Powersports New Vehicles | $133.5M | 52% |
| Parts And Other Revenue | $48.5M | 19% |
| Powersports Pre Owned Vehicles | $45.8M | 18% |
| Finance And Insurance | $24.1M | 9% |
| Vehicle Transportation Services Segment | $800.0K | 0% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
