Earnings summaries and quarterly performance for RMBL.
Executive leadership at RMBL.
Board of directors at RMBL.
Research analysts who have asked questions during RMBL earnings calls.
Recent press releases and 8-K filings for RMBL.
RideNow Group, Inc. Issues Subordinated Notes and Amends Warrants
RMBL
Debt Issuance
- RideNow Group, Inc. issued $10.0 million in unsecured subordinated promissory notes on August 25, 2025, bearing 13.0% interest per annum, with interest payable in-kind and capitalized to the principal balance, and maturing on August 31, 2028.
- The proceeds from these notes were used to prepay outstanding principal amounts of the Company\u2019s Senior Loans, as part of an aggregate $20.0 million prepayment required by Amendment No. 10 to the Senior Credit Agreement.
- On August 28, 2025, the Company amended and restated warrants originally issued on August 14, 2023.
- The amended warrants adjust the exercise price to be the lesser of $11.09 per share or 1.25 times the 30-day volume weighted average trading price of the Company Class B Common Stock as of the 30th trading day following August 11, 2025, and extend the expiration date until August 10, 2030.
Aug 28, 2025, 9:18 PM
Rumble Reports Second Quarter 2025 Results
RMBL
Earnings
New Projects/Investments
- Rumble reported revenue of $25.1 million for the second quarter ended June 30, 2025, an increase of 12% compared to $22.5 million in the second quarter of 2024.
- The company's net loss for Q2 2025 was $30.2 million, compared to a loss of $26.8 million in Q2 2024; however, Adjusted EBITDA improved by $8.2 million to a loss of $20.5 million.
- Monthly Active Users (MAUs) were 51 million in Q2 2025, down from 59 million in Q1 2025, but Average Revenue Per User (ARPU) increased 24% to $0.42 from the prior quarter.
- As of June 30, 2025, Rumble maintained strong liquidity with $306.4 million, including $283.8 million in cash and cash equivalents.
- Key strategic developments include the addition of Rumble's Class A shares to the Russell 2000® & 3000® Indexes on June 30, 2025, and an exclusive partnership with MoonPay to power crypto on and off-ramps for the upcoming Rumble Wallet, which is expected to launch in Q3 2025.
Aug 11, 2025, 2:43 AM
Rumble Announces Intent to Acquire Northern Data
RMBL
M&A
New Projects/Investments
- Rumble has informed Northern Data of its interest in a potential all-stock exchange offer for 100% of Northern Data's outstanding shares.
- The proposed offer involves Northern Data shareholders receiving 2.319 newly issued Class A Rumble shares in exchange for each Northern Data share tendered, which would result in approximately 33.3% total pro forma ownership in Rumble for Northern Data shareholders.
- Tether, the majority shareholder of Northern Data, has indicated its support for the transaction and is expected to become the single largest holder of Rumble's Class A common stock following completion. Tether also plans a multi-year commitment to purchase GPUs from Rumble as a customer.
- If completed, the transaction is expected to transform Rumble into a global AI cloud leader by integrating Northern Data's Ardent data center business and Taiga GPU as a service business, which includes approximately 20,480 H100s and 2,048 H200s Nvidia GPUs.
- Rumble has not made a final decision to launch the Potential Offer, and it is subject to confirmatory due diligence, negotiation, and various approvals, including Rumble's Board of Directors.
Aug 11, 2025, 2:15 AM
RumbleOn, Inc. Approves Stock Incentive Plan Amendment and Director Elections
RMBL
Proxy Vote Outcomes
Auditor Change
Executive Compensation
- Shareholders approved a Sixth Amendment to the 2017 Stock Incentive Plan, increasing the authorized Class B shares by 2,500,000 and eliminating annual grant limits with an evergreen provision, effective upon shareholder approval.
- Annual meeting results also included the election of directors, advisory approval of executive compensation, and ratification of BDO USA, P.C. as the independent auditor for 2025.
Jun 6, 2025, 12:00 AM
RumbleOn Q1 2025 Earnings & Financial Results Overview
RMBL
Earnings
Management Change
Debt Issuance
- Revenue declined 20.5% to $244.7M in Q1 2025, driven by lower powersports unit sales and decreased vehicle transportation revenue
- Challenging operating environment with major unit sales down 20.5% YoY (new retail falling 23.7% to 8,013 units) and $7M adjusted EBITDA amid revenue pressures
- Net loss improved to $9.7M from $10.3M, accompanied by a $12.8M reduction in SG&A expenses to $61.1M
- Operating cash flow turned negative to -$6.9M (compared to $17.0M in Q1 2024) and the company repaid $38.8M in convertible senior notes
- Maintained robust liquidity with $56.2M in cash and $171.4M total liquidity, supported by leadership updates including a new Chief Legal Officer, VP of Wholesale Express, and an ongoing CFO search
May 7, 2025, 12:01 PM
RumbleOn Announces Departure of CFO and Chief Legal Counsel
RMBL
CFO Change
Management Change
- Tiffany Kice, the Chief Financial Officer, received notice of termination effective April 2, 2025 with plans for a separation agreement, and interim duties will be assumed by CEO Michael Quartieri.
- Chief Legal Counsel Brandy Treadway also received termination notice effective April 2, 2025, with an expected separation agreement to be executed.
Apr 2, 2025, 12:00 AM
RumbleOn Inc Reports Q4 2024 Earnings Results
RMBL
Earnings
CEO Change
- RumbleOn reported Q4 2024 revenue of $269.6 million and adjusted EBITDA of $2.2 million, showing a decline in revenue year-over-year but an EBITDA improvement compared to the previous year's loss.
- New CEO Mike Quartieri emphasized his focus on operational excellence, cost reduction, and an inventory reduction of over $80 million, signaling a strategic shift from prior management’s Vision 2026 plan.
- The Powersports segment experienced falling unit sales and margin challenges, while the Wholesale Express segment saw a modest increase in revenue despite a decline in gross profit.
- CFO Tiffany Kice detailed improved SG&A efficiency, noting SG&A expenses dropped by 22.9% year-over-year and highlighted a strong balance sheet with $96.7 million in cash and total liquidity of $242.9 million at fiscal year-end.
Mar 11, 2025, 12:01 PM
RumbleOn Inc Reports Q4 and Full Year 2024 Results
RMBL
Earnings
Debt Issuance
- Q4 Highlights: Revenue declined to $269.6 million (down 13.4%) while net loss improved to $56.4 million from $168.5 million in Q4 2023, with SG&A expenses reduced and Adjusted EBITDA turning positive at $2.2 million.
- Full Year Performance: Revenue fell to $1,209.2 million (an 11.5% decrease) and net loss narrowed to $78.6 million compared to $215.5 million in 2023, despite a 12.0% drop in Adjusted EBITDA, which stood at $32.9 million.
- Liquidity and Balance Sheet Improvements: The company repaid $38.8 million of convertible senior notes at maturity, raised $10 million via a rights offering, and significantly reduced inventories by $106.9 million.
Mar 11, 2025, 11:00 AM
RumbleOn Reports Q4 2024 and Full Year Financial Results
RMBL
Earnings
Debt Issuance
- Q4 2024 results showed a 13.4% decline in revenue to $269.6 million, while the net loss significantly improved to $56.4 million compared to $168.5 million in Q4 2023.
- The company achieved positive Adjusted EBITDA of $2.2 million in Q4 2024, marking an operational improvement from a loss in the previous year.
- Strategic financial actions included the full repayment of $38.8 million in convertible senior notes and a rights offering that raised $10 million, highlighting efforts to strengthen the balance sheet.
Mar 11, 2025, 12:00 AM
Quarterly earnings call transcripts for RMBL.
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