Is RideNow Group, Inc. (RDNW) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 249.4% / 30% | 34.6% / 30% | 12.4% / 30% | 3.25% / 5% | ✗ NOT HALAL |
| DJIM | 249.4% / 33% | 34.6% / 33% | 12.4% / 33% | 3.25% / 5% | ✗ NOT HALAL |
| MSCI | 81.4% / 33% | 11.3% / 33% | 4.0% / 33% | 3.25% / 5% | ✗ NOT HALAL |
| S&P | 249.4% / 33% | 34.6% / 33% | 12.4% / 33% | 3.25% / 5% | ✗ NOT HALAL |
| FTSE | 81.4% / 33% | 11.3% / 33% | 4.0% / 50% | 3.25% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 27.5% | |
| Operating Margin | 1.5% | |
| Net Margin | -4.8% | |
| Return on Equity (ROE) | -433.1% | |
| Return on Assets (ROA) | 2.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $16M |
| Free Cash Flow | $10M |
| Total Debt | $577M |
| Current Ratio | 1.1 |
| Total Assets | $674M |
Price & Trading
| Last Close | $6.46 |
| 50-Day MA | $6.05 |
| 200-Day MA | $4.44 |
| Avg Volume | 46K |
| Beta | 1.2 |
|
52-Week Range
$1.46
| |
About RideNow Group, Inc. (RDNW)
RideNow Group, Inc. provides powersports dealership and vehicle transportation services in the United States. It operates in two segments: Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercrafts, snowmobiles, and other powersports products. It also offers parts, apparel, accessories, finance and insurance products and services, and aftermarket products, as well as repair and maintenance services. The Vehicle Transportation Services segment provides asset-light transportation brokerage services facilitating automobile transportation. The company was formerly known as RumbleOn, Inc. and changed its name to RideNow Group, Inc. in August 2025. RideNow Group, Inc. was incorporated in 2013 and is headquartered in Chandler, Arizona.
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Frequently Asked Questions
Is RideNow Group, Inc. (RDNW) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), RideNow Group, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is RideNow Group, Inc.'s debt ratio?
RideNow Group, Inc.'s debt ratio is 249.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 81.4%.
What are RideNow Group, Inc.'s key financial metrics?
RideNow Group, Inc. has a market capitalization of $243M, and revenue of $1.1B. The company maintains a gross margin of 27.5% and a net margin of -4.8%. Return on equity stands at -433.1%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.