RumbleOn, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2024, on March 11, 2025. For Q4 2024, total revenue was $269.6 million, a 13.4% decrease from Q4 2023, and gross profit was $67.5 million, down 5.2%. The company reported a net loss of $56.4 million, an improvement from a $168.5 million net loss in the prior year period, and Adjusted EBITDA was $2.2 million, up from $(0.3) million.
Full year 2024 revenue decreased by 11.5% to $1,209.2 million, with a gross profit of $314.3 million, down 12.7% from 2023. The net loss for the full year improved to $78.6 million from $215.5 million in 2023. Operating cash flow for 2024 was $99.4 million, a significant increase from an outflow of $38.9 million in 2023, and free cash flow was $97.4 million.
The powersports segment saw a 9.3% decrease in total retail unit sales in Q4 2024, but powersports gross profit per unit (GPU) increased by 4.5% to $4,547. The company reduced inventory by $106.9 million and repaid $36.0 million in principal debt during 2024. Additionally, RumbleOn repaid its $38.8 million 6.75% convertible senior notes in January 2025.
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