Lazydays Holdings, Inc. (GORV) Financials
Newest figures come from the 10-Q for Q3 FY2025, filed Nov 14, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GORV SEC filings page.
Lazydays Holdings, Inc. (GORV) reported $558.4M in revenue over the twelve months to Sep 30, 2025, down 38.6% from the prior twelve months. This page shows its 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).
Lazydays shifted from profitable growth to a smaller, loss-making, more leveraged business whose reported cash flow improved despite weak earnings.
The 2024 cash result is disconnected from earnings: operating cash flow was$94.4M while free cash flow was$75.3M , even as profitability remained negative. Inventory fell from$456.1M in FY2023 to$211.9M in FY2024, so the cash improvement appears tied partly to releasing working capital rather than restoring operating profit.
Revenue fell to
Liquidity tightened alongside leverage: the current ratio slipped below 1.0 to 0.9x, while debt-to-equity reached 1.1x. That combination means short-term obligations exceeded current assets while debt represented more financing than equity, a materially different balance-sheet posture from FY2022.
Financial Health Signals
Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Lazydays Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Lazydays Holdings, Inc. has an operating margin of -11.3%, meaning the company loses $11 on every $100 of revenue. This results in a profitability score of 17/100. This is down from -9.8% the prior year.
Lazydays Holdings, Inc.'s revenue declined 19.5% year-over-year, from $1.1B to $871.6M. This contraction results in a growth score of 4/100.
Lazydays Holdings, Inc. has a moderate D/E ratio of 1.13. This balance of debt and equity financing earns a leverage score of 44/100.
Lazydays Holdings, Inc.'s current ratio of 0.93 is below the typical benchmark, resulting in a score of 16/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Lazydays Holdings, Inc.'s free cash flow margin of 8.6% results in a low score of 23/100. Capital expenditures of $19.0M absorb a large share of operating cash flow.
Lazydays Holdings, Inc. posts a -182.7% return on equity (ROE), meaning it loses $183 for every $100 of shareholders' equity. This results in a returns score of 9/100. This is down from -70.2% the prior year.
Lazydays Holdings, Inc. scores 0.53, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Lazydays Holdings, Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Lazydays Holdings, Inc. reported a net loss of $163.7M while generating $94.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Lazydays Holdings, Inc. reported an operating loss of $99.0M against $25.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Lazydays Holdings, Inc. generated $101.4M in revenue in Q3 2025. This represents a decrease of 50.8% from the same quarter a year earlier. Against the prior quarter it is down 22.7%.
Lazydays Holdings, Inc.'s EBITDA was -$75.3M in Q3 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 15306.7% from the same quarter a year earlier. Against the prior quarter it is down 709.0%.
Lazydays Holdings, Inc. reported -$82.4M in net income in Q3 2025. This represents a decrease of 366.4% from the same quarter a year earlier. Against the prior quarter it is down 235.0%.
Lazydays Holdings, Inc. earned -$21.99 per diluted share (EPS) in Q3 2025. Against the prior quarter it is down 229.7%.
Cash & Balance Sheet
Lazydays Holdings, Inc. recorded an outflow of $23.5M in free cash flow in Q3 2025, representing a cash shortfall after capex. This represents a decrease of 154.5% from the same quarter a year earlier. Against the prior quarter it is down 25.5%.
Lazydays Holdings, Inc. held $9.5M in cash as of Q3 2025; long-term debt is not reported for that period.
Not reported for Q3 2025.
Margins & Returns
Lazydays Holdings, Inc.'s gross margin was 19.3% in Q3 2025, indicating the percentage of revenue retained after direct costs. This is down 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.7 percentage points.
Lazydays Holdings, Inc.'s operating margin was -78.1% in Q3 2025, reflecting core business profitability. This is down 75.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 68.4 percentage points.
Lazydays Holdings, Inc.'s net profit margin was -81.2% in Q3 2025, showing the share of revenue converted to profit. This is down 72.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 62.5 percentage points.
Not reported for Q3 2025.
Capital Allocation
Lazydays Holdings, Inc. invested $90K in capex in Q3 2025, funding long-term assets and infrastructure. This represents a decrease of 98.6% from the same quarter a year earlier. Against the prior quarter it is up 136.8%.
Not reported for Q3 2025.
Not reported for Q3 2025.
GORV Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $101.4M-50.8% | $131.3M-44.3% | $165.8M-38.6% | $159.9M-19.3% | $206.0M-26.6% | $235.6M-23.6% | $270.1M-8.6% | $198.0M-18.7% |
| Cost of Revenue | $81.9M-49.0% | $97.1M-48.4% | $122.0M-47.5% | $129.5M-16.6% | $160.6M-29.0% | $188.2M-21.8% | $232.4M+0.3% | $155.3M-17.3% |
| Gross Profit | $19.6M-56.8% | $34.2M-27.9% | $43.8M+16.1% | $30.4M-28.8% | $45.3M-16.8% | $47.4M-30.0% | $37.8M-40.9% | $42.7M-23.4% |
| SG&A Expenses | $31.0M-32.3% | $35.8M-31.1% | $38.6M-21.0% | $53.4M+16.0% | $45.8M-5.1% | $52.0M+3.0% | $48.9M-8.7% | $46.0M-6.0% |
| Operating Income | -$79.2M-1300.2% | -$12.7M-33.0% | -$2.3M+86.3% | -$67.1M+47.1% | -$5.7M-456.1% | -$9.6M-174.8% | -$16.6M-378.4% | -$127.0M-5609.9% |
| EBITDA | -$75.3M-15306.7% | -$9.3M-102.2% | $2.3M+120.8% | -$62.1M+49.1% | -$489K-107.9% | -$4.6M-126.7% | -$11.1M-207.3% | -$122.0M-1913.5% |
| Interest Expense | $3.1M-51.5% | $3.3M-42.7% | $4.6M-40.2% | $5.3M-26.5% | $6.4M+1.6% | $5.7M-2.2% | $7.7M+38.8% | $7.2M+412.3% |
| Income Tax | -$1.0M-164.0% | -$336K-101.4% | $328K+104.8% | $12K+100.0% | -$381K+78.9% | $23.8M+1724.0% | -$6.8M-4655.2% | -$29.8M-14446.3% |
| Net Income | -$82.4M-366.4% | -$24.6M+44.4% | -$9.5M+56.6% | -$79.8M+26.0% | -$17.7M-216.2% | -$44.2M-1342.2% | -$22.0M-7863.8% | -$108.0M-7611.7% |
| EPS (Basic) | -$21.99+46.6% | -$6.67+93.1% | -$0.09+94.6% | -$2.66+66.6% | -$41.19-8481.3% | -$96.53-80541.7% | -$1.67-1291.7% | -$7.97-7870.0% |
| EPS (Diluted) | -$21.99 | -$6.67 | -$0.09 | -$2.66 | -$41.19 | -$96.53 | -$1.67 | -$7.96-26633.3% |
| Diluted Shares (Avg) | 4M | 4M | 110M | N/A | 481,329 | 479,163 | 14M | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
GORV Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $333.2M-54.7% | $429.1M-44.4% | $509.5M-38.0% | $675.8M-27.9% | $735.9M-19.6% | $772.4M-9.9% | $821.7M-6.4% | $937.7M+12.9% |
| Current Assets | $203.1M-43.4% | $223.0M-43.8% | $252.5M-40.4% | $353.8M-35.3% | $358.6M-20.8% | $396.8M-12.7% | $423.7M-15.7% | $546.9M+14.7% |
| Cash & Equivalents | $9.5M-29.8% | $24.7M-41.2% | $19.7M-49.9% | $24.7M-57.5% | $13.5M-58.9% | $42.0M+73.8% | $39.4M-4.1% | $58.1M-5.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0-100.0% | $165.6M-47.3% | $182.6M-47.3% | $211.9M-53.5% | $310.7M-19.4% | $314.4M-19.4% | $346.6M-17.3% | $456.1M+20.4% |
| Accounts Receivable | $14.7M-37.7% | $19.9M-31.0% | $26.4M-3.2% | $22.3M-1.7% | $23.6M+8.3% | $28.8M+1.2% | $27.2M-4.1% | $22.7M-9.4% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% |
| Total Liabilities | $359.5M-40.6% | $373.1M-40.2% | $429.1M-31.9% | $586.2M-19.1% | $605.0M+1.7% | $624.2M+17.6% | $630.0M+13.5% | $724.5M+34.5% |
| Current Liabilities | $267.0M-31.9% | $244.3M-51.8% | $283.0M-32.3% | $378.9M-24.2% | $392.0M+0.4% | $506.6M+41.0% | $418.0M+5.3% | $500.0M+25.1% |
| Non-Current Liabilities | $92.4M-56.6% | $128.8M+9.5% | $146.2M-31.1% | $207.4M-7.7% | $213.0M+4.2% | $117.6M-31.4% | $212.1M+34.1% | $224.6M+61.4% |
| Long-Term Debt | N/A | N/A | N/A | $101.3M+65.0% | $70.7M+148.1% | N/A | $60.8M+19761.8% | $61.4M+506.3% |
| Total Equity | -$26.3M-138.4% | $55.9M-36.4% | $80.4M-39.8% | $89.6M-42.9% | $68.6M-74.2% | $88.0M-67.6% | $133.5M-50.2% | $157.0M-33.8% |
| Retained Earnings | -$231.3M-513.2% | -$148.9M-642.6% | -$124.3M-614.1% | -$114.7M-338.4% | -$37.7M-123.4% | -$20.0M-112.0% | $24.2M-85.2% | $48.1M-70.5% |
GORV Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$23.4M-751.1% | -$18.7M-188.6% | $26.0M-67.6% | -$4.2M+94.5% | -$2.7M-109.2% | $21.1M-46.7% | $80.2M+378.3% | -$76.9M-19.3% |
| Depreciation & Amortization | $3.9M-24.6% | $3.4M-31.4% | $4.6M-16.1% | $5.0M-0.2% | $5.2M+12.3% | $5.0M+11.1% | $5.5M+24.0% | $5.0M+14.2% |
| Stock-Based Compensation | $100K-74.4% | $200K-66.4% | $297K-41.7% | N/A | $391K-8.6% | $595K-29.3% | $509K-36.1% | N/A |
| Capital Expenditures | $90K-98.6% | $38K-99.1% | $15K-99.8% | -$373K-98.2% | $6.5M-77.0% | $4.2M-87.2% | $8.8M-37.1% | $20.8M+27.0% |
| Free Cash Flow | -$23.5M-154.5% | -$18.7M-210.6% | $26.0M-63.6% | -$4.6M+95.3% | -$9.2M-673.3% | $16.9M+136.3% | $71.5M+267.1% | -$97.7M-20.9% |
| Investing Cash Flow | $14.5M+324.6% | $58.0M+4924.6% | $113.9M+1399.9% | $8.3M+117.9% | -$6.5M+91.9% | -$1.2M+96.3% | -$8.8M+73.9% | -$46.5M-184.1% |
| Financing Cash Flow | -$5.9M+69.3% | -$34.3M-99.7% | -$144.9M-60.7% | $7.1M-95.2% | -$19.3M-132.4% | -$17.2M+28.4% | -$90.2M-315.6% | $148.5M+256.0% |
| Dividends Paid | N/A | N/A | N/A | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $1.2M+1.1% |
| Share Buybacks | N/A | N/A | N/A | $0 | $0 | $0 | $0-100.0% | $0-100.0% |
GORV Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.3%-2.7pp | 26.0%+5.9pp | 26.4%+12.5pp | 19.0%-2.6pp | 22.0%+2.6pp | 20.1%-1.8pp | 14.0%-7.6pp | 21.6%-1.3pp |
| Operating Margin | -78.1%-75.4pp | -9.7%-5.6pp | -1.4%+4.8pp | -42.0%+22.1pp | -2.8%-3.3pp | -4.1%-8.2pp | -6.1%-8.2pp | -64.1%-65.1pp |
| Net Margin | -81.2%-72.6pp | -18.7%0.0pp | -5.8%+2.4pp | -49.9%+4.6pp | -8.6%-6.6pp | -18.8%-19.9pp | -8.1%-8.1pp | -54.5%-53.9pp |
| Return on Equity | N/A | -44.0%+6.3pp | -11.9%+4.6pp | -89.1%-20.3pp | -25.8%-23.7pp | -50.2%-51.6pp | -16.5%-16.4pp | -68.8%-68.2pp |
| Return on Assets | -24.7%-22.3pp | -5.7%0.0pp | -1.9%+0.8pp | -11.8%-0.3pp | -2.4%-1.8pp | -5.7%-6.2pp | -2.7%-2.6pp | -11.5%-11.3pp |
| Current Ratio | 0.76-0.2x | 0.91+0.1x | 0.89-0.1x | 0.93-0.2x | 0.91-0.2x | 0.78-0.5x | 1.01-0.3x | 1.09-0.1x |
| Debt-to-Equity | N/A | 6.67-0.4x | 5.34+4.9x | 1.13+0.7x | 1.03+0.9x | 7.09+7.1x | 0.46+0.5x | 0.39+0.3x |
| Asset Turnover | 0.300.0x | 0.310.0x | 0.330.0x | 0.240.0x | 0.280.0x | 0.30-0.1x | 0.330.0x | 0.21-0.1x |
| FCF Margin | -23.2%-18.7pp | -14.2%-21.4pp | 15.7%-10.8pp | -2.9%+46.5pp | -4.5%-5.1pp | 7.2%+4.9pp | 26.5%+40.9pp | -49.4%-16.1pp |
Note: The current ratio is below 1.0 (0.93), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Lazydays Holdings, Inc. GORV | FY2024 | $871.6M | -$163.7M | -18.8% | $8.9M | 19/100 |
| Kaixin Holdings KXIN | FY2025 | $129K | -$53.9M | N/A | $61.1M | — |
| U Power Limited UCAR | FY2025 | $5.9M | -$9.8M | N/A | $7.6M | 46/100 |
| Autozi Internet Technology (Global) Ltd. AZI | FY2025 | N/A | -$16.6M | N/A | $75.6M | — |
| Jiuzi Holdings, Inc. JZXN | FY2025 | $2.9M | -$10.2M | N/A | $57.2M | 53/100 |
Where Lazydays Holdings, Inc. Ranks
Frequently Asked Questions
What is Lazydays Holdings, Inc.'s annual revenue?
Lazydays Holdings, 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 Holdings, Inc.'s revenue growing?
Lazydays Holdings, Inc. (GORV) revenue declined by 19.5% year-over-year, from $1.1B to $871.6M in fiscal year 2024.
Is Lazydays Holdings, Inc. profitable?
No, Lazydays Holdings, Inc. (GORV) reported a net income of -$163.7M in fiscal year 2024, with a net profit margin of -18.8%.
What is Lazydays Holdings, Inc.'s EBITDA?
Lazydays Holdings, Inc. (GORV) had EBITDA of -$78.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Lazydays Holdings, Inc. have?
As of fiscal year 2024, Lazydays Holdings, Inc. (GORV) had $24.7M in cash and equivalents against $101.3M in long-term debt.
What is Lazydays Holdings, Inc.'s gross margin?
Lazydays Holdings, 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 Holdings, Inc.'s operating margin?
Lazydays Holdings, 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 Holdings, Inc.'s net profit margin?
Lazydays Holdings, 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 Holdings, Inc.'s return on equity (ROE)?
Lazydays Holdings, 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 Holdings, Inc.'s free cash flow?
Lazydays Holdings, 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 Holdings, Inc.'s operating cash flow?
Lazydays Holdings, Inc. (GORV) generated $94.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Lazydays Holdings, Inc.'s total assets?
Lazydays Holdings, Inc. (GORV) had $675.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Lazydays Holdings, Inc.'s capital expenditures?
Lazydays Holdings, Inc. (GORV) invested $19.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Lazydays Holdings, Inc.'s current ratio?
Lazydays Holdings, 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 Holdings, Inc.'s debt-to-equity ratio?
Lazydays Holdings, 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 Holdings, Inc.'s return on assets (ROA)?
Lazydays Holdings, 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 Holdings, Inc.'s Altman Z-Score?
Lazydays Holdings, Inc. (GORV) has an Altman Z-Score of 0.53, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Lazydays Holdings, Inc.'s Piotroski F-Score?
Lazydays Holdings, Inc. (GORV) has a Piotroski F-Score of 3 out of 9, indicating weak 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Lazydays Holdings, Inc.'s earnings high quality?
Lazydays Holdings, Inc. (GORV) reported a net loss of $163.7M while generating $94.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 Holdings, Inc. cover its interest payments?
Lazydays Holdings, Inc. (GORV) reported an operating loss of $99.0M against $25.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 Holdings, Inc.?
Lazydays Holdings, Inc. (GORV) scores 19 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.