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La Rosa Holdings Corp. Reports 34% Year-Over-Year Increase in Revenue to $17.5 Million for First Quarter of 2025听听

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La Rosa Holdings Corp. (NASDAQ: LRHC) reported strong Q1 2025 financial results with total revenue increasing 34% year-over-year to $17.5 million. The company's residential real estate services revenue grew 39% to $14.3 million, while property management revenue rose 17% to $3.0 million. Commercial real estate brokerage revenue nearly doubled to $57,000. Gross profit increased 32% to $1.5 million. The company's agent network expanded to over 2,800 agents nationwide through organic growth. However, La Rosa reported a significant net loss of $95.9 million, primarily due to non-cash items related to warrant-related derivative liabilities and a loss on issuance of senior secured convertible notes.
La Rosa Holdings Corp. (NASDAQ: LRHC) ha riportato solidi risultati finanziari nel primo trimestre 2025 con un ricavo totale in crescita del 34% su base annua, raggiungendo 17,5 milioni di dollari. I ricavi dai servizi immobiliari residenziali sono aumentati del 39%, arrivando a 14,3 milioni di dollari, mentre quelli dalla gestione immobiliare sono saliti del 17% a 3,0 milioni di dollari. I ricavi dalla mediazione immobiliare commerciale sono quasi raddoppiati, raggiungendo 57.000 dollari. Il profitto lordo 猫 aumentato del 32%, toccando 1,5 milioni di dollari. La rete di agenti dell'azienda si 猫 ampliata a oltre 2.800 agenti a livello nazionale grazie a una crescita organica. Tuttavia, La Rosa ha registrato una perdita netta significativa di 95,9 milioni di dollari, principalmente dovuta a voci non monetarie legate a passivit脿 derivanti da warrant e a una perdita derivante dall'emissione di note convertibili senior garantite.
La Rosa Holdings Corp. (NASDAQ: LRHC) report贸 s贸lidos resultados financieros en el primer trimestre de 2025 con un ingreso total que aument贸 un 34% interanual, alcanzando los 17,5 millones de d贸lares. Los ingresos por servicios inmobiliarios residenciales crecieron un 39% hasta 14,3 millones de d贸lares, mientras que los ingresos por gesti贸n de propiedades aumentaron un 17% hasta 3,0 millones de d贸lares. Los ingresos por corretaje inmobiliario comercial casi se duplicaron, llegando a 57.000 d贸lares. El beneficio bruto aument贸 un 32%, llegando a 1,5 millones de d贸lares. La red de agentes de la compa帽铆a se expandi贸 a m谩s de 2.800 agentes a nivel nacional gracias al crecimiento org谩nico. Sin embargo, La Rosa report贸 una p茅rdida neta significativa de 95,9 millones de d贸lares, principalmente debido a partidas no monetarias relacionadas con pasivos derivados de warrants y una p茅rdida por la emisi贸n de notas convertibles senior garantizadas.
La Rosa Holdings Corp. (NASDAQ: LRHC)電� 2025雲� 1攵勱赴 臧曤牓頃� 鞛 鞁れ爜鞚� 氤搓碃頄堨溂氅�, 齑� 毵れ稖鞚� 鞝勲厔 雽牍� 34% 歃濌皜頃橃棳 1,750毵� 雼煬毳� 旮半頄堨姷雼堧嫟. 欤缄卑鞖� 攵霃欖偘 靹滊箘鞀� 毵れ稖鞚 39% 歃濌皜頃� 1,430毵� 雼煬鞓瓿�, 鞛愳偘 甏毽� 毵れ稖鞚 17% 歃濌皜頃� 300毵� 雼煬鞓鞀惦媹雼�. 靸侅梾鞖� 攵霃欖偘 欷戧皽 毵れ稖鞚 瓯办潣 霊� 氚半 電橃柎雮� 57,000雼煬毳� 旮半頄堨姷雼堧嫟. 齑濎澊鞚奠潃 32% 歃濌皜頃橃棳 150毵� 雼煬鞐� 雼枅鞀惦媹雼�. 須岇偓鞚� 鞐愳澊鞝勴姼 雱ろ姼鞗岉伂電� 鞙犼赴鞝� 靹膘灔鞙茧 鞝勱淡鞝侅溂搿� 2,800氇� 鞚挫儊鞚� 鞐愳澊鞝勴姼搿� 頇曤寑霅橃棃鞀惦媹雼�. 攴鸽煬雮� La Rosa電� 欤茧 鞗岆煱韸� 甏霠� 韺岇儩攵毂勳檧 靹犾垳鞙� 雼措炒 鞝勴櫂靷眲 氚滍枆 靻愳嫟瓿� 甏霠悳 牍勴槃旮� 頃鞙茧 鞚疙暣 9,590毵� 雼煬鞚� 靸侂嫻頃� 靾滌啇鞁れ潉 氤搓碃頄堨姷雼堧嫟.
La Rosa Holdings Corp. (NASDAQ : LRHC) a publi茅 de solides r茅sultats financiers pour le premier trimestre 2025 avec un chiffre d'affaires total en hausse de 34 % en glissement annuel, atteignant 17,5 millions de dollars. Les revenus des services immobiliers r茅sidentiels ont augment茅 de 39 % pour atteindre 14,3 millions de dollars, tandis que les revenus de la gestion immobili猫re ont progress茅 de 17 % 脿 3,0 millions de dollars. Les revenus de la courtage immobilier commercial ont presque doubl茅 pour atteindre 57 000 dollars. Le profit brut a augment茅 de 32 % pour atteindre 1,5 million de dollars. Le r茅seau d'agents de la soci茅t茅 s'est 茅tendu 脿 plus de 2 800 agents 脿 l'茅chelle nationale gr芒ce 脿 une croissance organique. Cependant, La Rosa a enregistr茅 une perte nette importante de 95,9 millions de dollars, principalement due 脿 des 茅l茅ments non mon茅taires li茅s 脿 des passifs d茅riv茅s de bons de souscription et 脿 une perte li茅e 脿 l'茅mission d'obligations convertibles s茅curis茅es senior.
Die La Rosa Holdings Corp. (NASDAQ: LRHC) meldete starke Finanzergebnisse f眉r das erste Quartal 2025 mit einem Gesamtumsatzanstieg von 34 % im Jahresvergleich auf 17,5 Millionen US-Dollar. Die Einnahmen aus Wohnimmobilien-Dienstleistungen stiegen um 39 % auf 14,3 Millionen US-Dollar, w盲hrend die Einnahmen aus der Immobilienverwaltung um 17 % auf 3,0 Millionen US-Dollar zunahmen. Die Einnahmen aus der Gewerbeimmobilienvermittlung verdoppelten sich nahezu auf 57.000 US-Dollar. Der Bruttogewinn stieg um 32 % auf 1,5 Millionen US-Dollar. Das Agentennetzwerk des Unternehmens wuchs durch organisches Wachstum landesweit auf 眉ber 2.800 Agenten. Dennoch meldete La Rosa einen erheblichen Nettoverlust von 95,9 Millionen US-Dollar, haupts盲chlich aufgrund nicht zahlungswirksamer Posten im Zusammenhang mit derivativen Verbindlichkeiten aus Warrants und einem Verlust aus der Ausgabe von vorrangigen besicherten Wandelanleihen.
Positive
  • Revenue growth of 34% YoY to $17.5 million in Q1 2025
  • Residential real estate services revenue increased 39% to $14.3 million
  • Property management revenue grew 17% to $3.0 million
  • Commercial brokerage revenue nearly doubled with 96% growth
  • Agent network expanded to over 2,800 agents nationwide
  • Q2 2025 is already tracking ahead of last year's pace
Negative
  • Net loss widened significantly to $95.9 million in Q1 2025 from $4.8 million in Q1 2024
  • Operating expenses increased to $6.2 million from $5.7 million YoY
  • Selling, general and administrative costs rose substantially to $4.3 million from $2.6 million
  • Loss on issuance of senior secured convertible note of $128.8 million
  • Operating loss of $4.7 million compared to $4.6 million in previous year

Insights

La Rosa reports strong revenue growth despite large net loss driven by one-time, non-cash items related to warrant liabilities.

La Rosa Holdings delivered impressive top-line growth in Q1 2025 with $17.5 million in revenue, representing a 34% year-over-year increase. The growth was primarily driven by the company's residential real estate services, which jumped 39% to $14.3 million. Property management revenue also showed solid growth of 17%, reaching $3.0 million.

Gross profit increased 32% to $1.5 million, nearly matching the revenue growth rate. This indicates relatively stable gross margins despite the scaling operations. The company now boasts a network of over 2,800 agents nationwide as of April 30, 2025, with management emphasizing this growth has been entirely organic.

However, the company's bottom line presents significant concerns. La Rosa reported a staggering net loss of $95.9 million, or $(5.86) per share, compared to a $4.8 million loss in Q1 2024. This dramatic increase stems primarily from non-cash items - specifically a $128.8 million loss on issuance of a senior secured convertible note, partially offset by a $37.1 million gain on fair value adjustments.

Operating expenses increased from $5.7 million to $6.2 million, with SG&A costs (excluding stock compensation) rising substantially from $2.6 million to $4.3 million. This 65% increase in SG&A outpaced revenue growth, suggesting potential challenges in scaling efficiently.

While management acknowledges the substantial net loss, they emphasize these are primarily non-cash charges related to derivative liabilities that they plan to restructure. The company's agent-centric model with flexible compensation structures appears to be attracting talent, and management indicates Q2 is already tracking ahead of last year's pace.

Gross Profit Increased 32% Year-Over-Year to $1.5 Million in Q1 2025

Residential AG真人官方 Estate Services Revenue Increased 39% to $14.3 Million in Q1 2025 vs Q1 2024

CELEBRATION, Fla., May 29, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ:听LRHC) (鈥淟a Rosa鈥� or the 鈥淐ompany鈥�), a real estate and PropTech company, today provided a business update and reported financial results for the for the first quarter ended March 31, 2025.

Key Financial Highlights

  • Total revenue increased 34% year-over-year to $17.5 million for the first quarter ended March 31, 2025 from $13.1 million for the first quarter ended March 31, 2024.
  • Residential real estate services revenue increased by approximately $4.0 million to $14.3 million, or 39%, for the first quarter ended March 31, 2025 from $10.2 million for the first quarter ended March 31, 2024
  • Property management revenue increased by approximately $432 thousand to approximately $3.0 million, or 17%, for the first quarter ended March 31, 2025 from $2.5 million for the first quarter ended March 31, 2024
  • AG真人官方 Estate Brokerage Services (Commercial) revenue increased by approximately $28 thousand to $57 thousand, or approx. 96% for the first quarter ended March 31, 2025 from $29 thousand for the first quarter ended March 31, 2024
  • Gross profit increased by approximately $376 thousand, or 32%, year-over-year, to $1.5 million for the first quarter ended March 31, 2025 from $1.2 million for the first quarter ended March 31, 2024

Joe La Rosa, CEO of La Rosa, commented, 鈥淲e are pleased with our strong first quarter 2025 results. Total revenue grew 34% year-over-year to $17.5 million, and gross profit increased 32% to $1.5 million. We believe that achieving this level of growth during a seasonally slower period reflects the strength of our platform and the disciplined execution of our organic growth strategy. As of April 30, 2025, our agent network has grown to over 2,800 agents nationwide. This growth has been entirely organic, as we have chosen to focus on strengthening our core operations rather than pursuing acquisitions. While our growth strategy remains rooted in organic expansion, it is also supported by real estate brokerage franchisees that enhance our geographic reach and operational scale. Residential real estate services revenue increased by 39% as compared to the same quarter of 2024, property management grew 17.0%, and commercial brokerage revenue nearly doubled.鈥�

鈥淲hile our reported net loss for the year may appear substantial, it鈥檚 important to note that a significant portion of this loss is driven by non-cash and one-time items, primarily related to the change in fair value of our warrant-related derivative liabilities. These liabilities are marked to market each reporting period, but we intend to take proactive steps to restructure them as part of our upcoming treasury strategy. As these liabilities are phased out over time, we expect that their impact on our financials will diminish, ultimately contributing to improved net income and shareholder equity. Excluding these non-cash charges, our core business remains strong and aligned with our long-term growth strategy.鈥�

鈥榃e remain focused on scaling high-performing offices, supporting agent success, and advancing our national and international expansion strategy. Our scalable, agent-centric brokerage model continues to attract top-producing talent by offering competitive and flexible compensation structures, including a revenue share program, a 100% commission option with low fees, and additional income opportunities through ancillary services and integrated technology solutions. With the second quarter already tracking ahead of last year鈥檚 pace, we are confident in our ability to deliver continued growth and long-term value for our stockholders,鈥� concluded Mr. La Rosa.

Financial Results

Total revenue for the first quarter ended March 31, 2025, was $17.5 million compared to $13.1 million for the first quarter ended March 31, 2024. Residential real estate services revenue increased by $4.0 million to $14.3 million, or 39%, for the first quarter ended March 31, 2025, from $10.2 million for the first quarter ended March 31, 2024. Selling, general and administrative costs, excluding stock-based compensation, for the first quarter ended March 31, 2025, were approximately $4.3 million, compared to $2.6 million for the first quarter ended March 31, 2024.

Total operating expenses were $6.2 million for the first quarter ended March 31, 2025, as compared to $5.7 million for the first quarter ended March 31, 2024, resulting in a loss from operations of $4.7 million for the first quarter ended March 31, 2025, as compared to $4.6 million for the first quarter ended March 31, 2024.

Other expense, net for the three months ended March 31, 2025, increased approximately $90.5 million compared to other expense, net, for the three months ended March 31, 2024. The increase in expense in 2025 was primarily due to the loss on issuance of senior secured convertible note for $128.8 million and loss on extinguishment of debt for $152 thousand, offset by a gain of $37.1 million on the fair value of convertible note and warrants and a $0.9 million gain on the change in fair value of a derivative liability.

Net loss was $95.9 million, or $(5.86) basic and diluted loss per share, for the first quarter ended March 31, 2025, compared to net loss of $4.8 million, or $(0.35) basic and diluted loss per share, for the first quarter ended March 31, 2024.

About La Rosa Holdings Corp.

La Rosa Holdings Corp. (Nasdaq: LRHC) is transforming the real estate industry by providing agents with flexible compensation options, including a revenue-sharing model or a fee-based structure with 100% commission. Powered by its proprietary technology platform, La Rosa aims to equip agents and franchisees with the tools they need to deliver exceptional service.

The Company offers both residential and commercial real estate brokerage services, as well as technology-driven products and support for its agents and franchise partners. Its business model includes internal services for agents and external offerings for the public, spanning real estate brokerage, franchising, education and coaching, and property management.

La Rosa Holdings operates 26 corporate-owned brokerage offices across Florida, California, Texas, Georgia, North Carolina, and Puerto Rico. La Rosa Holdings also recently started its expansion into Europe, beginning with Spain. Additionally, the Company has six franchised offices and branches and three affiliated brokerage locations in the U.S. and Puerto Rico. The Company also operates a full-service escrow settlement and title company in Florida.

For more information, please visit:听.听

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Forward-Looking Statements

This press release contains forward-looking statements regarding the Company鈥檚 current expectations that are subject to various risks and uncertainties. Such statements include statements regarding the Company鈥檚 ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words 鈥渋ntends,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥減lans,鈥� 鈥渆xpects,鈥� 鈥渁nticipates,鈥� 鈥減rojects,鈥� 鈥減redicts,鈥� 鈥渆stimates,鈥� 鈥渁ims,鈥� 鈥渂elieves,鈥� 鈥渉opes,鈥� 鈥減otential鈥� or similar words.听These听statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, our ability to successfully integrate acquisitions into our business operations, customer acceptance of new services, the demand for the Company鈥檚 services and the Company鈥檚 customers' economic condition, the impact of competitive services and pricing, general economic conditions, the successful integration of the Company鈥檚 past and future acquired brokerages, the effect of the recent National Association of AG真人官方tors' landmark settlement on our business operations, and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission (the "SEC鈥�). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading 鈥淩isk Factors鈥� in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and other reports and documents that we file from time to time with the SEC. Forward-looking statements contained in this press release are made only as of the date of this press release, and La Rosa does not undertake any responsibility to update any forward-looking statements in this release, except as may be required by applicable law. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.

For more information, contact:

Investor Relations Contact:
Crescendo Communications, LLC
David Waldman/Natalya Rudman
Tel: (212) 671-1020
Email:

(Tables follow)


La Rosa Holdings Corp. and Subsidiaries
Condensed Consolidated Balance Sheets
March 31, 2025December 31, 2024
(unaudited)(audited)
Assets
Current assets:
Cash$2,853,535$1,442,901
Restricted cash2,065,8122,137,707
Accounts receivable, net of allowance for credit losses of $312,247 and $166,504, respectively1,184,252931,662
Other current assets28,1111,788
Total current assets6,131,7104,514,058
Noncurrent assets:
Property and equipment, net8,4489,411
Right-of-use asset, net1,241,409997,715
Intangible assets, net5,610,9975,840,080
Goodwill8,012,3318,012,331
Other long-term assets37,95933,831
Total noncurrent assets14,911,14414,893,368
Total assets$21,042,854$19,407,426
Liabilities and Stockholders' Equity (Deficit)
Current liabilities:
Accounts payable$1,767,247$2,376,704
Accrued expenses560,697738,065
Contract liabilities198,8967,747
Line of credit144,618148,976
Derivative liability81,360,0001,607,544
Advances on future receipts鈥�618,681
Accrued acquisition cash consideration170,000381,404
Notes payable, current15,443,7572,187,673
Lease liability, current456,901473,733
Total current liabilities100,102,1168,540,527
Noncurrent liabilities:
Note payable, net of current1,437,6251,475,064
Security deposits and escrow payable2,065,8122,137,707
Lease liability, noncurrent811,395545,759
Other liabilities2,95032,950
Total non-current liabilities4,317,7824,191,480
Total liabilities104,419,89812,732,007
Commitments and contingencies (Note 6)
Stockholders' equity (deficit):
Preferred stock - $0.0001 par value; 50,000,000 shares authorized; 2,000 Series X shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively鈥�鈥�
Common stock - $0.0001 par value; 250,000,000 shares authorized; 37,415,775 and 21,847,514 issued and outstanding at March 31, 2025 and December 31, 2024, respectively3,7422,185
Additional paid-in capital34,766,45429,121,589
Accumulated deficit(122,271,898)(26,555,319)
Total stockholders' equity (deficit)听鈥� La Rosa Holdings Corp. shareholders(87,501,702)2,568,455
Noncontrolling interest in subsidiaries4,124,6584,106,964
Total stockholders' equity (deficit)(83,377,044)6,675,419
Total liabilities and stockholders' equity (deficit)$21,042,854$19,407,426


La Rosa Holdings Corp. and Subsidiaries
Condensed Consolidated Statements of Operations
(unaudited)
Three Months Ended March 31,
20252024
Revenue$17,514,394$13,088,899
Cost of revenue15,976,72611,926,902
Gross profit1,537,6681,161,997
Operating expenses:
Sales and marketing563,149232,727
General and administrative3,727,5252,321,855
Stock-based compensation听鈥� general and administrative1,914,8513,191,138
Total operating expenses6,205,5255,745,720
Loss from operations(4,667,857)(4,583,723)
Other income (expense)
Interest expense, net(24,341)(20,252)
Loss on extinguishment of debt(151,925)-
Amortization of debt discount(63,160)(56,003)
Change in fair value of derivative liability899,874(5,000)
Loss on issuance of senior secured convertible note and warrants(128,836,250)鈥�
Change on fair value of convertible note and warrants37,145,000鈥�
Other (expense) income, net(226)鈥�
Loss before provision for income taxes(95,698,885)(4,664,978)
Benefit from income taxes鈥�鈥�
Net loss(95,698,885)(4,664,978)
Less: Net income (loss) attributable to noncontrolling interests in subsidiaries17,694(66,182)
Net loss after noncontrolling interest in subsidiaries(95,716,579)(4,598,796)
Less: Deemed dividend186,233230,667
Net loss attributable to common stockholders$(95,902,812)$(4,829,463)
Loss per share of common stock attributable to common stockholders
Basic and diluted$(5.86)$(0.35)
Weighted average shares used in computing net loss per share of common stock attributable to common stockholders
Basic and diluted16,358,45213,672,655
Comprehensive loss:
Net loss(95,716,579)(4,598,796)
Unrealized loss on debt instrument--
Comprehensive loss$(95,716,579)$(4,598,796)

FAQ

What was LRHC's revenue growth in Q1 2025?

La Rosa Holdings Corp. reported a 34% year-over-year increase in total revenue to $17.5 million in Q1 2025, compared to $13.1 million in Q1 2024.

Why did La Rosa Holdings (LRHC) report a large net loss in Q1 2025?

The $95.9 million net loss was primarily due to non-cash items, including a $128.8 million loss on issuance of senior secured convertible notes and warrant-related derivative liabilities, rather than operational performance.

How many agents does La Rosa Holdings have as of Q1 2025?

As of April 30, 2025, La Rosa Holdings has grown its agent network to over 2,800 agents nationwide through organic growth.

What was LRHC's residential real estate services revenue in Q1 2025?

La Rosa's residential real estate services revenue increased 39% to $14.3 million in Q1 2025, compared to $10.2 million in Q1 2024.

What was La Rosa Holdings' (LRHC) gross profit in Q1 2025?

La Rosa Holdings reported a gross profit of $1.5 million in Q1 2025, representing a 32% increase from $1.2 million in Q1 2024.
La Rosa Holdings Corp

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AG真人官方 Estate Services
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