RumbleON Inc (RMBL) Q1 2025 Earnings Call Highlights: Navigating Market Challenges with ...

GuruFocus News

Thu, May 8, 2025, 12:09 AM 4 min read

• Adjusted EBITDA: $244.7 million, up $7 cardinal from the erstwhile quarter.

• Revenue: Down 20.5% year-over-year.

• Adjusted SG&A Expenses: $57.5 cardinal oregon 85.6% of gross profit, down 20.8% from the aforesaid 4th past year.

• Power Sports Group Unit Sales: 13,186 full large units, down 20.5% year-over-year.

• New Power Sport Major Unit Sales: 8,013 units, down 23.7% year-over-year.

• Pre-owned Unit Sales: 4,307 units, down 13.9% year-over-year.

• New Unit Gross Margin: 13.5%, up from 12.5% past year.

• Pre-owned Gross Margin: 16.3%, down from 19.5% past year.

• Parts, Services, and Accessories Revenue: $46.1 million, down 12.9% year-over-year.

• Gross Profit Per Unit: $1,688, up $166 oregon 10.9% year-over-year.

• Financing and Insurance Gross Profit: $21.1 million, down 18.2% year-over-year.

• Total Powersports Dealership Revenue: $239.2 million, down 18.5% year-over-year.

• Total Gross Profit Per Unit: $5,365, up $266 oregon 5.2% year-over-year.

• Wholesale Express Revenue: Down 61.5% year-over-year.

• Wholesale Express Gross Profit: Decreased 68.6% to $1.1 million.

• Total Cash: $56.2 million, inclusive of restricted cash.

• Non-Vehicle Net Debt: $188.2 million.

• Total Available Liquidity: $171.4 cardinal arsenic of March 31, 2025.

• Cash Outflows from Operating Activities: $6.9 cardinal for the quarter.

• Warning! GuruFocus has detected 6 Warning Signs with RMBL.

Release Date: May 07, 2025

For the implicit transcript of the net call, delight notation to the full net telephone transcript.

• RumbleON Inc (NASDAQ:RMBL) has made strategical additions to its absorption team, including a caller Chief Legal Officer and VP of Wholesale Express, which are expected to fortify the company's marketplace position.

• The institution has achieved affirmative AEBITDA results contempt little year-over-year income volumes, indicating effectual cost-saving and operational initiatives.

• RumbleON Inc (NASDAQ:RMBL) reported an summation successful gross nett per unit, up 10.9%, driven by a displacement towards pre-owned units with higher margins.

• The institution has successfully reduced its adjusted SG&A expenses by 20.8% compared to the aforesaid 4th past year, aiming for semipermanent efficiency.

• RumbleON Inc (NASDAQ:RMBL) has a beardown liquidity presumption with $171.4 cardinal successful full disposable liquidity, providing fiscal flexibility for aboriginal operations.

• RumbleON Inc (NASDAQ:RMBL) experienced a 20.5% year-over-year diminution successful full large portion sales, reflecting challenges successful the existent marketplace environment.

• The company's Wholesale Express conception saw a important gross diminution of 61.5% and a gross nett alteration of 68.6%, impacting wide fiscal performance.

• Pre-owned gross margins decreased to 16.3% from 19.5% successful the aforesaid 4th past year, partially owed to an inventory write-down successful the erstwhile year.

• The parts, services, and accessories conception experienced a 12.9% diminution successful gross and an 11.9% diminution successful gross profit, linked to wide portion income declines.

• Cash outflows from operating activities were $6.9 cardinal for the quarter, compared to currency inflows of $17 cardinal successful the aforesaid play past year, indicating a reversal successful currency travel trends.