Lazydays Hldgs Inc Financials
This page shows Lazydays Hldgs Inc (GORV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Lazydays Hldgs Inc has an operating margin of -11.3%, meaning the company retains $-11 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -9.8% the prior year.
Lazydays Hldgs Inc's revenue declined 19.5% year-over-year, from $1.1B to $871.6M. This contraction results in a growth score of 1/100.
Lazydays Hldgs Inc carries a low D/E ratio of 1.13, meaning only $1.13 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 79/100, indicating a strong balance sheet with room for future borrowing.
Lazydays Hldgs Inc's current ratio of 0.93 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 13/100, which could limit financial flexibility.
Lazydays Hldgs Inc has a free cash flow margin of 8.6%, earning a moderate score of 47/100. The company generates positive cash flow after capital investments, but with room for improvement.
Lazydays Hldgs Inc generates a -182.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -70.2% the prior year.
Lazydays Hldgs Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Lazydays Hldgs Inc generates $-0.58 in operating cash flow ($94.4M OCF vs -$163.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Lazydays Hldgs Inc earns $-4.0 in operating income for every $1 of interest expense (-$99.0M vs $25.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Lazydays Hldgs Inc generated $871.6M in revenue in fiscal year 2024. This represents a decrease of 19.5% from the prior year.
Lazydays Hldgs Inc's EBITDA was -$78.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.2% from the prior year.
Lazydays Hldgs Inc reported -$163.7M in net income in fiscal year 2024. This represents a decrease of 48.5% from the prior year.
Lazydays Hldgs Inc earned $-8.12 per diluted share (EPS) in fiscal year 2024. This represents an increase of 3.9% from the prior year.
Cash & Balance Sheet
Lazydays Hldgs Inc generated $75.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 157.2% from the prior year.
Lazydays Hldgs Inc held $24.7M in cash against $101.3M in long-term debt as of fiscal year 2024.
Lazydays Hldgs Inc had 4M shares outstanding in fiscal year 2024. This represents a decrease of 74.0% from the prior year.
Margins & Returns
Lazydays Hldgs Inc's gross margin was 18.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.7 percentage points from the prior year.
Lazydays Hldgs Inc's operating margin was -11.3% in fiscal year 2024, reflecting core business profitability. This is down 1.5 percentage points from the prior year.
Lazydays Hldgs Inc's net profit margin was -18.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 8.6 percentage points from the prior year.
Lazydays Hldgs Inc's ROE was -182.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 112.5 percentage points from the prior year.
Capital Allocation
Lazydays Hldgs Inc spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Lazydays Hldgs Inc invested $19.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 80.0% from the prior year.
GORV Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $101.4M-22.7% | $131.3M-20.8% | $165.8M+3.7% | $159.9M-22.4% | $206.0M-12.6% | $235.6M-12.8% | $270.1M+36.4% | $198.0M |
| Cost of Revenue | $81.9M-15.7% | $97.1M-20.4% | $122.0M-5.8% | $129.5M-19.4% | $160.6M-14.6% | $188.2M-19.0% | $232.4M+49.6% | $155.3M |
| Gross Profit | $19.6M-42.7% | $34.2M-22.0% | $43.8M+44.4% | $30.4M-33.0% | $45.3M-4.4% | $47.4M+25.5% | $37.8M-11.5% | $42.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $31.0M-13.5% | $35.8M-7.3% | $38.6M-27.6% | $53.4M+16.6% | $45.8M-11.9% | $52.0M+6.4% | $48.9M+6.2% | $46.0M |
| Operating Income | -$79.2M-523.3% | -$12.7M-460.3% | -$2.3M+96.6% | -$67.1M-1086.6% | -$5.7M+40.8% | -$9.6M+42.3% | -$16.6M+86.9% | -$127.0M |
| Interest Expense | $3.1M-5.7% | $3.3M-28.8% | $4.6M-13.2% | $5.3M-16.8% | $6.4M+11.4% | $5.7M-25.6% | $7.7M+6.7% | $7.2M |
| Income Tax | -$1.0M-199.4% | -$336K-202.4% | $328K+2633.3% | $12K+103.1% | -$381K-101.6% | $23.8M+450.3% | -$6.8M+77.2% | -$29.8M |
| Net Income | -$82.4M-235.0% | -$24.6M-157.9% | -$9.5M+88.1% | -$79.8M-352.0% | -$17.7M+60.1% | -$44.2M-101.2% | -$22.0M+79.6% | -$108.0M |
| EPS (Diluted) | $-21.99-229.7% | $-6.67 | $-0.09 | N/A | $-41.19+57.3% | $-96.53-5680.2% | $-1.67 | N/A |
GORV Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $333.2M-22.3% | $429.1M-15.8% | $509.5M-24.6% | $675.8M-8.2% | $735.9M-4.7% | $772.4M-6.0% | $821.7M-12.4% | $937.7M |
| Current Assets | $203.1M-8.9% | $223.0M-11.7% | $252.5M-28.6% | $353.8M-1.3% | $358.6M-9.6% | $396.8M-6.3% | $423.7M-22.5% | $546.9M |
| Cash & Equivalents | $9.5M-61.5% | $24.7M+25.2% | $19.7M-20.1% | $24.7M+82.5% | $13.5M-67.8% | $42.0M+6.8% | $39.4M-32.3% | $58.1M |
| Inventory | $0-100.0% | $165.6M-9.3% | $182.6M-13.8% | $211.9M-31.8% | $310.7M-1.2% | $314.4M-9.3% | $346.6M-24.0% | $456.1M |
| Accounts Receivable | $14.7M-25.9% | $19.9M-24.6% | $26.4M+18.1% | $22.3M-5.6% | $23.6M-17.9% | $28.8M+5.7% | $27.2M+20.0% | $22.7M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Total Liabilities | $359.5M-3.7% | $373.1M-13.1% | $429.1M-26.8% | $586.2M-3.1% | $605.0M-3.1% | $624.2M-0.9% | $630.0M-13.0% | $724.5M |
| Current Liabilities | $267.0M+9.3% | $244.3M-13.6% | $283.0M-25.3% | $378.9M-3.4% | $392.0M-22.6% | $506.6M+21.2% | $418.0M-16.4% | $500.0M |
| Long-Term Debt | N/A | N/A | N/A | $101.3M+43.3% | $70.7M | $0-100.0% | $60.8M-1.1% | $61.4M |
| Total Equity | -$26.3M-147.0% | $55.9M-30.4% | $80.4M-10.3% | $89.6M+30.7% | $68.6M-22.1% | $88.0M-34.1% | $133.5M-14.9% | $157.0M |
| Retained Earnings | -$231.3M-55.3% | -$148.9M-19.8% | -$124.3M-8.3% | -$114.7M-204.3% | -$37.7M-88.1% | -$20.0M-182.9% | $24.2M-49.8% | $48.1M |
GORV Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$23.4M-25.2% | -$18.7M-171.7% | $26.0M+717.9% | -$4.2M-53.3% | -$2.7M-113.0% | $21.1M-73.7% | $80.2M+204.3% | -$76.9M |
| Capital Expenditures | $90K+136.8% | $38K+153.3% | $15K+104.0% | -$373K-105.8% | $6.5M+56.0% | $4.2M-52.6% | $8.8M-57.9% | $20.8M |
| Free Cash Flow | -$23.5M-25.5% | -$18.7M-171.9% | $26.0M+667.3% | -$4.6M+50.3% | -$9.2M-154.5% | $16.9M-76.3% | $71.5M+173.1% | -$97.7M |
| Investing Cash Flow | $14.5M-74.9% | $58.0M-49.1% | $113.9M+1270.0% | $8.3M+228.4% | -$6.5M-438.9% | -$1.2M+86.3% | -$8.8M+81.1% | -$46.5M |
| Financing Cash Flow | -$5.9M+82.8% | -$34.3M+76.3% | -$144.9M-2152.1% | $7.1M+136.7% | -$19.3M-12.0% | -$17.2M+80.9% | -$90.2M-160.7% | $148.5M |
| Dividends Paid | N/A | N/A | N/A | $0 | $0 | $0 | $0-100.0% | $1.2M |
| Share Buybacks | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
GORV Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.3%-6.7pp | 26.0%-0.4pp | 26.4%+7.4pp | 19.0%-3.0pp | 22.0%+1.9pp | 20.1%+6.1pp | 14.0%-7.6pp | 21.6% |
| Operating Margin | -78.1%-68.4pp | -9.7%-8.3pp | -1.4%+40.6pp | -42.0%-39.2pp | -2.8%+1.3pp | -4.1%+2.1pp | -6.1%+58.0pp | -64.1% |
| Net Margin | -81.2%-62.5pp | -18.7%-13.0pp | -5.8%+44.2pp | -49.9%-41.4pp | -8.6%+10.2pp | -18.8%-10.6pp | -8.1%+46.4pp | -54.5% |
| Return on Equity | N/A | -44.0%-32.1pp | -11.9%+77.3pp | -89.1%-63.3pp | -25.8%+24.5pp | -50.2%-33.8pp | -16.5%+52.3pp | -68.8% |
| Return on Assets | -24.7%-19.0pp | -5.7%-3.9pp | -1.9%+9.9pp | -11.8%-9.4pp | -2.4%+3.3pp | -5.7%-3.1pp | -2.7%+8.8pp | -11.5% |
| Current Ratio | 0.76-0.2 | 0.91+0.0 | 0.89-0.0 | 0.93+0.0 | 0.91+0.1 | 0.78-0.2 | 1.01-0.1 | 1.09 |
| Debt-to-Equity | -13.67-20.3 | 6.67+1.3 | 5.34+4.2 | 1.13+0.1 | 1.03+1.0 | 0.00-0.5 | 0.46+0.1 | 0.39 |
| FCF Margin | -23.2%-8.9pp | -14.2%-29.9pp | 15.7%+18.6pp | -2.9%+1.6pp | -4.5%-11.7pp | 7.2%-19.3pp | 26.5%+75.8pp | -49.4% |
Note: The current ratio is below 1.0 (0.93), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Lazydays Hldgs Inc's annual revenue?
Lazydays Hldgs Inc (GORV) reported $871.6M in total revenue for fiscal year 2024. This represents a -19.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Lazydays Hldgs Inc's revenue growing?
Lazydays Hldgs Inc (GORV) revenue declined by 19.5% year-over-year, from $1.1B to $871.6M in fiscal year 2024.
Is Lazydays Hldgs Inc profitable?
No, Lazydays Hldgs Inc (GORV) reported a net income of -$163.7M in fiscal year 2024, with a net profit margin of -18.8%.
What is Lazydays Hldgs Inc's EBITDA?
Lazydays Hldgs Inc (GORV) had EBITDA of -$78.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Lazydays Hldgs Inc have?
As of fiscal year 2024, Lazydays Hldgs Inc (GORV) had $24.7M in cash and equivalents against $101.3M in long-term debt.
What is Lazydays Hldgs Inc's gross margin?
Lazydays Hldgs Inc (GORV) had a gross margin of 18.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Lazydays Hldgs Inc's operating margin?
Lazydays Hldgs Inc (GORV) had an operating margin of -11.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Lazydays Hldgs Inc's net profit margin?
Lazydays Hldgs Inc (GORV) had a net profit margin of -18.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Lazydays Hldgs Inc's return on equity (ROE)?
Lazydays Hldgs Inc (GORV) has a return on equity of -182.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Lazydays Hldgs Inc's free cash flow?
Lazydays Hldgs Inc (GORV) generated $75.3M in free cash flow during fiscal year 2024. This represents a 157.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Lazydays Hldgs Inc's operating cash flow?
Lazydays Hldgs Inc (GORV) generated $94.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Lazydays Hldgs Inc's total assets?
Lazydays Hldgs Inc (GORV) had $675.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Lazydays Hldgs Inc's capital expenditures?
Lazydays Hldgs Inc (GORV) invested $19.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Lazydays Hldgs Inc's current ratio?
Lazydays Hldgs Inc (GORV) had a current ratio of 0.93 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Lazydays Hldgs Inc's debt-to-equity ratio?
Lazydays Hldgs Inc (GORV) had a debt-to-equity ratio of 1.13 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lazydays Hldgs Inc's return on assets (ROA)?
Lazydays Hldgs Inc (GORV) had a return on assets of -24.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Lazydays Hldgs Inc's Piotroski F-Score?
Lazydays Hldgs Inc (GORV) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Lazydays Hldgs Inc's earnings high quality?
Lazydays Hldgs Inc (GORV) has an earnings quality ratio of -0.58x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Lazydays Hldgs Inc cover its interest payments?
Lazydays Hldgs Inc (GORV) has an interest coverage ratio of -4.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Lazydays Hldgs Inc?
Lazydays Hldgs Inc (GORV) scores 23 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.