Forensic Analysis · Technology / Software · as of Sep 25, 2026
Ridenow Group, Inc. (RDNW)
A forensic read on Ridenow Group, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Distress
Financial health
-2.7
Distress distance
Clean
Earnings quality
4
Forensic signals
-36.0
P / E (ttm)
$251M
Market cap
0.00%
Dividend yield
-10.5%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Ridenow Group, Inc. earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads -2.7, placing it in the Distress zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
0.0%
FY2025
Return on invested capital.Return on invested capital is 0.0% in the latest fiscal year and rising across FY2023–FY2025 from -10.8%. After-tax operating profit was ($55M) in FY2023 and ($158,000) in FY2025, with operating income at -5.1% of revenue in FY2023, -1.3% in FY2024 and 0.0% in FY2025. The capital base behind it came down -31% across FY2023–FY2025, from $508M to $348M, so this is a return struck on a smaller base rather than a record of money put to work. FY2025's operating profit carried a $34M asset write-down and a $800,000 goodwill write-off that alone took about 7.9 points off that year's return, so the latest return is depressed by that charge. FY2024's operating profit carried a $39M asset write-down that alone took about 8.1 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it.
n/m (stock split)
FY2023–FY2025
Share count (stock split).Diluted share count changed +114% over the last 2 years to FY2025, but that includes a large one-time change around FY2024 consistent with a stock split or reverse split, not gradual buybacks or issuance — a split changes the count with NO effect on any holder's proportional ownership, so the raw +46.3%/yr figure isn't a real buyback/dilution read here.
0.2% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 0.2% of revenue and 21% of free cash flow in FY2025 — about $0.06 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 7.3% a year, above the level at which the count is a material claim on a stake, and only one year's change is on file — enough to state what a holder gave up, not enough to say whether the rate is climbing or coming down. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
Key fundamentals
Latest Revenue$1.08B
Revenue Growth YoY-10.5%
Revenue CAGR (2yr)-11.0%
Net Margin-4.8%
Free Cash Flow$10.1M
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Ridenow Group, Inc.'s actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Sep 25, 2026. Forensic signals flag probability, not certainty.
$24M
FY2023–FY2025
Goodwill impairments.Took $24M of goodwill writedowns across 2 years (FY2023 ($23M), FY2025 ($800,000)). Writedowns mean past acquisitions underperformed what was paid for them.
Ridenow Group, Inc. (RDNW) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy