Forensic Analysis · Technology / Software · as of Aug 12, 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

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). 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 from -23% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.

0.2% of rev

FY2025

Stock-based comp load. Stock-based compensation ran 0.2% of revenue and 20% of free cash flow in FY2025 — about $0.06 per diluted share. The cost of it is not in the cash flow — no cash left the business — it is in the count: holders gave up about 6.8% of the company a year, and that rate is not falling. That is the figure to weigh, not the share of free cash flow.

n/m (stock split)

FY2022–FY2025

Share count (stock split). Diluted share count changed +139% over the last 3 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 +33.7%/yr figure isn't a real buyback/dilution read here.

$244M

FY2019–FY2025

Goodwill impairments. Took $244M of goodwill writedowns across 4 years (FY2022 ($219M), FY2023 ($23M), FY2025 ($800,000)). Writedowns mean past acquisitions underperformed what was paid for them.

Key fundamentals

Latest Revenue$1.08B

Revenue Growth YoY-10.5%

Net Margin-4.8%

Free Cash Flow$10.3M

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Data from SEC EDGAR public filings · metrics as of Aug 12, 2026. Forensic signals flag probability, not certainty.