Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsLatest reported annual revenue changed -10.5% from the prior reported annual observation.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Revenue contracted
Latest reported annual revenue changed -10.5% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Shareholders' equity was non-positive
Debt/equity is shown as not meaningful rather than as a negative leverage ratio.
Why this surfaced
Same-period reported shareholders' equity was zero or negative; review the balance sheet and capital structure. Period end 2025-12-31.
- 5 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Operating margin improved
Operating margin changed +1.2 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- Free cash flow was positive
Latest reported free cash flow was $10M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
- Solvency & liquidity
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-10-22
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Powersports Vehicles$779Mshare n/a-7.6% yoy
- Powersports New Vehicles$556Mshare n/a-9.9% yoy
- Powersports Pre Owned Vehicles$207Mshare n/a+2.2% yoy
- Parts And Other Revenue$198Mshare n/a-4.1% yoy
- Finance And Insurance$97.3Mshare n/a-5.0% yoy
- Powersports Wholesale$16.7Mshare n/a-30.7% yoy
- Vehicle Transportation Services$8.6Mshare n/a-85.2% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Powersports Vehicles$220Mshare n/a+0.3% yoy
- Powersports New Vehicles$157Mshare n/a+1.2% yoy
- Powersports Pre Owned Vehicles$57.1Mshare n/a-3.5% yoy
- Parts And Other Revenue$50.1Mshare n/a-4.4% yoy
- Finance And Insurance$27Mshare n/a-0.7% yoy
- Powersports Wholesale Vehicles$6Mshare n/a+20.0% yoy
- +1 more member in the filing
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,060 US-listed filers · 808 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $1.1B | 56thof 3,247 middle third | 58thof 769 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -10.5% | 12thof 3,083 bottom third | 11thof 735 bottom third |
Gross margin gross profit ÷ revenue | 27.5% | 32ndof 1,585 bottom third | 22ndof 552 bottom third |
Operating margin operating income ÷ revenue | -0.0% | 42ndof 2,777 middle third | 43rdof 742 middle third |
Net margin net income ÷ revenue | -4.8% | 35thof 3,212 middle third | 36thof 761 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 0.9% | 37thof 2,640 middle third | 28thof 692 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.2% | 96thof 2,852 top third | 98thof 719 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 10 days | 90thof 2,373 top third | 95thof 706 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 11.2× | 9thof 1,524 bottom third | 6thof 334 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -9.6% | 71stof 3,845 top third | 59thof 769 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -20.1% | 81stof 3,301 top third | 81stof 678 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 38 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2024-03-31 | $3M 10-Q 2024-05-08 | $17M 10-Q 2025-05-07 | +466.7% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2020-09-30 | 2,234,838 shares 10-Q 2020-11-16 | 11,960,127 shares 10-Q 2021-11-15 | +435.2% | first · latest |
| Long-term debt LongTermDebt | balance at 2020-12-31 | $5.18M 10-K 2021-03-31 | $1.65M 10-Q 2021-11-15 | -68.1% | first · latest |
| Long-term debt LongTermDebt | balance at 2022-12-31 | $371M 10-K 2023-03-16 | $598M 10-K 2024-03-28 | +61.2% | first · latest |
| Long-term debt LongTermDebt | balance at 2023-12-31 | $614M 10-K 2024-03-28 | $274M 10-K 2025-03-14 | -55.3% | first · latest · 5 filings carry it |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2021-09-30 | 13,305,416 shares 10-Q 2021-11-15 | 6,939,708 shares 10-Q 2022-11-09 | -47.8% | first · latest |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | quarter 2024-03-31 | $1M 10-Q 2024-05-08 | $600K 10-Q 2025-05-07 | -40.0% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-09-30 | -$287K 10-Q 2023-11-07 | -$200K 10-Q 2024-11-12 | +30.3% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-06-30 | $546M 10-Q 2022-08-09 | $412M 10-Q 2023-08-09 | -24.5% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-09-30 | $470M 10-Q 2022-11-09 | $381M 10-Q 2023-11-07 | -19.1% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2022-12-31 | $1.79B 10-K 2023-03-16 | $1.46B 10-K 2024-03-28 | -18.6% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2022-12-31 | $33.8M 10-K 2023-03-16 | $28M 10-K 2024-03-28 | -17.1% | first · latest · 5 filings carry it |
| Interest expense InterestExpenseDebt | quarter 2024-06-30 | $700K 10-Q 2024-08-08 | $600K 10-Q 2025-08-11 | -14.3% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-03-31 | -$801K 10-Q 2023-05-10 | -$700K 10-Q 2024-05-08 | +12.6% | first · latest |
| Total assets Assets | balance at 2021-03-31 | $101M 10-Q 2021-05-17 | $90.3M 10-Q 2022-05-10 | -10.8% | first · latest |
| Goodwill Goodwill | balance at 2021-12-31 | $261M 10-K 2022-04-08 | $235M 10-K 2024-03-28 | -10.0% | first · latest · 6 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2022-12-31 | -$287M 10-K 2023-03-16 | -$260M 10-K 2024-03-28 | +9.4% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2022-12-31 | $48.6M 10-K 2023-03-16 | $46.8M 10-K 2024-03-28 | -3.7% | first · latest · 4 filings carry it |
| Gross profit GrossProfit | quarter 2022-06-30 | $138M 10-Q 2022-08-09 | $133M 10-Q 2023-08-09 | -3.5% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2022-09-30 | $13.6M 10-Q 2022-11-09 | $14.1M 10-Q 2023-11-07 | +3.5% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2023-03-31 | $346M 10-Q 2023-05-10 | $334M 10-Q 2024-05-08 | -3.4% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2024-12-31 | -$14.7M 10-K 2025-03-14 | -$15.2M 10-K 2026-03-13 | -3.4% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-03-31 | $460M 10-Q 2022-05-10 | $445M 10-Q 2023-05-10 | -3.2% | first · latest |
| Interest expense InterestExpenseDebt | quarter 2023-09-30 | $1.46M 10-Q 2023-11-07 | $1.5M 10-Q 2024-11-12 | +3.0% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2022-06-30 | $31.9M 10-Q 2022-08-09 | $31M 10-Q 2023-08-09 | -2.8% | first · latest |
| Gross profit GrossProfit | fiscal year 2022-12-31 | $453M 10-K 2023-03-16 | $442M 10-K 2024-03-28 | -2.4% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-06-30 | $819K 10-Q 2023-08-09 | $800K 10-Q 2024-08-08 | -2.3% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2023-03-31 | $8.86M 10-Q 2023-05-10 | $9M 10-Q 2024-05-08 | +1.6% | first · latest |
| Gross profit GrossProfit | quarter 2022-09-30 | $116M 10-Q 2022-11-09 | $114M 10-Q 2023-11-07 | -1.6% | first · latest |
| Interest expense InterestExpenseDebt | quarter 2023-06-30 | $1.42M 10-Q 2023-08-09 | $1.4M 10-Q 2024-08-08 | -1.6% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for RDNW yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.