RumbleOn, Inc. announced its financial results for the first quarter ended March 31, 2025, on May 7, 2025. Total revenue for the quarter was $244.7 million, representing a 20.5% decrease compared to $307.8 million in Q1 2024. Gross profit also declined by 18.6% to $67.2 million.
The company reported a net loss of $9.7 million, an improvement from a $10.3 million net loss in the prior year period. Adjusted SG&A expenses decreased by 20.8% to $57.5 million, and Adjusted EBITDA was $7.0 million, a 9.1% decrease from Q1 2024.
Operating cash flow for the first quarter was an outflow of $6.9 million, compared to an inflow of $17.0 million in the same period of 2024. The powersports segment experienced a 20.6% decrease in total retail unit sales, while the vehicle transportation services segment saw revenue plummet by 61.5% to $5.5 million and gross profit fall by 68.6% to $1.1 million.
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