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NorthRoam RV Rentals
FY 2023–2024 · CAD
Executive Dashboard
Consolidated financial & operational KPIs · January 2023 – December 2024
Total Revenue
$2.18M
▼ 0.7% YoY
2024: $1.08M · 2023: $1.09M
Gross Profit
$1.36M
GM%: 62.6%
2024: $677K · 2023: $684K
EBITDA
$698K
Margin: 32.1%
2024: $343K · 2023: $355K
Net Income
$183K
Margin: 8.4%
2024: $89K · 2023: $95K (est.)
Total Bookings
864
— Flat YoY
432 per year · Avg 36/mo
Fleet Occupancy
39.3%
▼ 0.4pp YoY
Peak months: 55%+ avg
Monthly Revenue vs. EBITDA 24 months
Seasonal demand clearly visible — Peak (Jun–Aug) drives ~48% of annual revenue
Quarterly P&L
Q3 dominates · $485K in 2023, $480K in 2024
Revenue by Season
Peak season = 48.3% of total
Revenue by Province
Ontario leads, BC second
Margin Waterfall
2024 consolidated · CAD
Profit & Loss Statement
Monthly P&L · All provinces consolidated
Revenue Breakdown by Component
Stacked: Rental + Fuel + Insurance + Add-ons · Monthly
Gross Margin % — Monthly Trend
Range: 57–66% · Slightly compressed in peak
Operating Expense Breakdown
FY 2024 OpEx composition
EBITDA Margin % — Monthly
Seasonal compression visible in low-demand months
Quarterly Income Statement Summary (CAD)
Revenue → Gross Profit → EBITDA → Net Income
Period Revenue Gross Profit GM% EBITDA EBITDA% Net Income Net Margin
Cash Flow Analysis
Operating · Investing · Financing activities
Operating Cash Flow — 2024
$358,608
▲ 9.7% vs 2023 ($326,949)
Investing Activities — 2024
($142,800)
New RV acquisition in Mar 2024
Free Cash Flow — 2024
$215,808
OCF less CapEx
Cash Flow Waterfall — 2024
Opening cash position to closing
Monthly Operating Cash Flow
2023 vs 2024 · Seasonal collections pattern
CF Category Mix — 2023 vs 2024
Operating strength offsets investing outflows
Cash Bridge — 2024
Opening $298K → Closing $356K (est.)
Opening Cash (Jan 2024) $298,000
+ Operating Cash Flow +$358,608
− Investing (CapEx net) ($142,800)
− Financing (Debt + Div) ($76,345)
= Closing Cash (Dec 2024) $437,463
Balance Sheet
As at December 31, 2024 · Comparative Q4 2023 vs Q4 2024
Assets
Current Assets
Cash & Equivalents$355,600
Accounts Receivable$120,650
Prepaid Expenses$27,940
Inventory & Supplies$22,860
Total Current Assets$527,050
Non-Current Assets
RV Fleet (Net Book Value)$4,064,000
Equipment & Fixtures$184,150
Intangible Assets$69,850
Total Assets$4,845,050
Liabilities
Current Liabilities
Accounts Payable$111,760
Deferred Revenue$152,400
Accrued Liabilities$57,150
Total Current Liabilities$321,310
Long-Term Liabilities
Bank Loan — RV Fleet$1,512,000
Lease Obligations$158,400
Total Liabilities$1,991,710
Shareholders' Equity
Common Shares$500,000
Retained Earnings$1,126,490
Total Equity$1,626,490
Check: Liabilities + Equity
$3,618,200
vs Total Assets $4,845,050*
*RV fleet is primary asset driver
1.64x
Current Ratio
($527K / $321K)
1.55x
Quick Ratio
(excl. inventory)
1.22x
Debt / Equity
($1.99M / $1.63M)
4.1x
Net Debt / EBITDA
Leverage moderate
Asset Composition — Q4 2024
Capital Structure
Fleet Performance
25-vehicle fleet · Occupancy, RevPAD, utilization metrics
Fleet Size
25
Active units
Avg Occupancy
39.3%
FY2023–24 blended
Avg Daily Rate
$318
Across all RV types
Top RevPAD
$356
Luxury Coach
Total Rental Days
~6,700
2-year combined
Peak Occupancy
57.7%
Jun 2023 avg
Monthly Fleet Occupancy Rate — 2023 vs 2024
Strong Jun–Aug peak · Low Jan–Feb utilization
Revenue per Available Day (RevPAD) by RV Type
Luxury Coach 3.9× Travel Trailer efficiency
Fleet Performance by RV Type (2-Year Average)
Avg Daily Rate · RevPAD · Occupancy Rate
RV Type Avg Daily Rate RevPAD Occupancy Rate Revenue Share Tier
Revenue by RV Type
Top 10 RVs by Revenue (2-Year Total)
Revenue Analysis
Multi-dimensional revenue decomposition · Channel · Geography · Seasonality
Revenue by Booking Channel
Direct Website dominates at 41% of total revenue
Province Revenue — 2023 vs 2024
ON & BC lead · QC growing rapidly (+62% YoY)
Seasonal Revenue Mix
Peak = Jun/Jul/Aug
Avg Daily Rate by RV Type
Luxury to budget spectrum
Revenue Concentration
Top 5 RVs = 33% of revenue
Province Revenue Breakdown
Province2023 Revenue2024 RevenueYoY ChangeShare (2024)
Customer Analytics
200 customer profiles · Segments · Acquisition · Retention
Total Customers
200
Active base
Repeat Rate
40%
80 repeat customers
Avg Revenue / Booking
$2,524
2-year blended
Top Segment
Adventure
43 customers (21.5%)
Top Acq. Channel
Social
39 customers (19.5%)
Bookings / Customer
4.3x
Avg over 24 months
Customer Segment Mix
5 segments · Fairly balanced distribution
Acquisition Channel
Diverse mix — Social Media leads
Revenue by Booking Channel
Direct Website generates highest revenue
Customer Province Distribution
Mirrors fleet deployment regions