RumbleOn Inc. released financial results for its fourth quarter and full year ended December 31, 2024.

Key Fourth Quarter 2024 Highlights (Compared to Fourth Quarter 2023):

• Revenue of $269.6 million decreased 13.4%
• Net loss totaled $56.4 million compared to net loss of $168.5 million, including intangible asset impairment charges of $39.3 million in 2024 and $60.1 million in 2023. Net loss in 2023 also included an increase in the deferred tax valuation allowance that resulted in income tax expense of $59.3 million being recorded on a loss.
• Selling, general & administrative expense (SG&A) was $64.2 million compared to $81.7 million
• Adjusted EBITDA of $2.2 million compared to a loss of $0.3 million

"Despite the macroeconomic challenges of 2024, we remained focused on disciplined execution, operational efficiency, and building a strong foundation for long-term value creation," stated Michael Quartieri, RumbleOn's chairman and chief executive officer. “While our powersports segment faced headwinds, we exceeded our goal of reducing new inventory levels and generated positive free cash flow for the year.”