Lazydays Hldgs Inc Financials
Lazydays Hldgs Inc (GORV) reported $871.6M in revenue for fiscal year 2024, down 19.5% from the prior fiscal year. 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).
A working-capital unwind produced cash, but a shrinking gross-profit base now struggles to carry the cost structure on its own.
FY2024 delivered operating cash flow of$94.4M even as the net loss widened to-$163.7M . That gap fits a working-capital release rather than an earnings recovery: inventory fell to$211.9M from$456.1M , and lower capex helped keep free cash flow positive.
FY2024 looks like operating deleverage, not just weak demand: SG&A stayed near
The balance sheet is tighter than the cash-flow headline suggests: cash fell to
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 Hldgs 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 Hldgs 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 19/100. 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 5/100.
Lazydays Hldgs Inc has a moderate D/E ratio of 1.13. This balance of debt and equity financing earns a leverage score of 43/100.
Lazydays Hldgs 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 Hldgs Inc's free cash flow margin of 8.6% results in a low score of 27/100. Capital expenditures of $19.0M absorb a large share of operating cash flow.
Lazydays Hldgs 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 11/100. This is down from -70.2% the prior year.
Lazydays Hldgs 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 Hldgs 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 Hldgs 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 Hldgs 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 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.
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.
Not reported for fiscal year 2024.
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 repurchased no shares in fiscal year 2024. 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.
Not reported for fiscal year 2024.
GORV Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $558.4M | $871.6M-19.5% | $1.1B-18.4% | $1.3B+7.4% | $1.2B+51.1% | $817.1M+26.7% | $644.9M | N/A | N/A |
| Cost of Revenue | $430.4M | $710.7M-16.8% | $854.0M-14.5% | $998.3M+9.5% | $911.6M+42.8% | $638.1M+24.5% | $512.7M | N/A | N/A |
| Gross Profit | $128.0M | $160.9M-29.7% | $228.7M-30.4% | $328.7M+1.6% | $323.5M+80.7% | $179.0M+35.4% | $132.2M | N/A | N/A |
| SG&A Expenses | $158.8M | $200.1M+0.9% | $198.3M-10.8% | $222.2M+20.1% | $185.0M+57.2% | $117.7M+13.7% | $103.5M | N/A | N/A |
| Operating Income | -$161.4M | -$99.0M+7.2% | -$106.7M-218.9% | $89.7M-27.7% | $124.1M+161.1% | $47.5M+291.9% | $12.1M+57.5% | $7.7M | N/A |
| Interest Expense | $16.2M | $25.0M+0.9% | $24.8M+188.7% | $8.6M+1.1% | $8.5M+5.6% | $8.0M-22.1% | $10.3M+29.1% | $8.0M | N/A |
| Income Tax | -$1.0M | $16.7M+154.7% | -$30.5M-258.8% | $19.2M-32.1% | $28.2M+172.5% | $10.4M+844.8% | $1.1M+147.3% | -$2.3M | N/A |
| Net Income | -$196.3M | -$163.7M-48.5% | -$110.3M-266.1% | $66.4M-19.1% | $82.0M+460.8% | $14.6M+227.6% | $4.5M+138.4% | $1.9M-77.4% | $8.3M |
| EPS (Diluted) | — | -$8.12 | -$8.45 | $2.42-38.4% | $3.93 | $0.41+373.3% | -$0.15 | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
GORV Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $675.8M-27.9% | $937.7M+12.9% | $830.7M+19.0% | $698.1M+57.2% | $444.0M+9.2% | $406.6M+1.1% | $402.1M | N/A |
| Current Assets | $353.8M-35.3% | $546.9M+14.7% | $476.8M+26.9% | $375.6M+84.2% | $203.9M-3.7% | $211.7M-2.3% | $216.7M | N/A |
| Cash & Equivalents | $24.7M-57.5% | $58.1M-5.8% | $61.7M-37.1% | $98.1M+54.5% | $63.5M+101.9% | $31.5M+18.2% | $26.6M | N/A |
| Inventory | $211.9M-53.5% | $456.1M+20.4% | $378.9M+56.0% | $242.9M+108.9% | $116.3M-27.7% | $160.9M-3.9% | $167.4M | N/A |
| Accounts Receivable | $22.3M-1.7% | $22.7M-9.4% | $25.1M-18.1% | $30.6M+57.2% | $19.5M+21.5% | $16.0M-5.6% | $17.0M | N/A |
| Goodwill | N/A | $0-100.0% | $83.5M+3.9% | $80.3M+78.1% | $45.1M+15.7% | $39.0M+6.0% | $36.8M | N/A |
| Total Liabilities | $586.2M-19.1% | $724.5M+34.5% | $538.7M+23.3% | $437.0M+44.0% | $303.5M+12.0% | $271.1M+0.1% | $270.7M | N/A |
| Current Liabilities | $378.9M-24.2% | $500.0M+25.1% | $399.6M+50.0% | $266.4M+52.9% | $174.2M-0.3% | $174.7M+1.4% | $172.4M | N/A |
| Long-Term Debt | $101.3M+65.0% | $61.4M+506.3% | $10.1M-26.0% | $13.7M+62.0% | $8.4M-45.8% | $15.6M-18.1% | $19.0M | N/A |
| Total Equity | $89.6M-42.9% | $157.0M-33.8% | $237.0M+15.0% | $206.1M+141.0% | $85.5M+14.5% | $74.7M+3.8% | $72.0M+41.5% | $50.8M |
| Retained Earnings | -$114.7M-338.4% | $48.1M-70.5% | $163.2M+68.6% | $96.8M+554.6% | $14.8M+208.0% | $4.8M+215.5% | -$4.2M | N/A |
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.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$20.2M | $94.4M+358.6% | -$36.5M+49.3% | -$72.0M-2696.9% | $2.8M-97.5% | $111.1M+185.4% | $38.9M+354.0% | -$15.3M | N/A |
| Capital Expenditures | -$230K | $19.0M-80.0% | $95.2M+138.8% | $39.9M+87.6% | $21.3M+14.1% | $18.6M+10.5% | $16.9M | N/A | N/A |
| Free Cash Flow | -$20.8M | $75.3M+157.2% | -$131.7M-17.8% | -$111.8M-504.8% | -$18.5M-120.0% | $92.4M+319.2% | $22.0M | N/A | N/A |
| Investing Cash Flow | $194.8M | -$8.1M+95.8% | -$193.0M-253.8% | -$54.5M+35.2% | -$84.1M-177.4% | -$30.3M-56.3% | -$19.4M+79.8% | -$95.9M | N/A |
| Financing Cash Flow | -$178.1M | -$119.6M-153.0% | $225.8M+150.7% | $90.1M-22.3% | $116.0M+338.2% | -$48.7M-232.1% | -$14.7M-111.5% | $127.1M | N/A |
| Dividends Paid | N/A | $0-100.0% | $4.8M0.0% | $4.8M0.0% | $4.8M-56.3% | $11.0M+85.8% | $5.9M | N/A | N/A |
| Share Buybacks | N/A | $0-100.0% | $109K-99.8% | $44.5M | N/A | N/A | N/A | N/A | N/A |
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
GORV Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.5%-2.7pp | 21.1%-3.6pp | 24.8%-1.4pp | 26.2%+4.3pp | 21.9%+1.4pp | 20.5% | N/A | N/A |
| Operating Margin | -11.3%-1.5pp | -9.8%-16.6pp | 6.8%-3.3pp | 10.1%+4.2pp | 5.8%+3.9pp | 1.9% | N/A | N/A |
| Net Margin | -18.8%-8.6pp | -10.2%-15.2pp | 5.0%-1.6pp | 6.6%+4.9pp | 1.8%+1.1pp | 0.7% | N/A | N/A |
| Return on Equity | -182.7%-112.5pp | -70.2%-98.2pp | 28.0%-11.8pp | 39.8%+22.7pp | 17.1%+11.1pp | 6.0%+3.4pp | 2.6%-13.7pp | 16.3% |
| Return on Assets | -24.2%-12.5pp | -11.8%-19.8pp | 8.0%-3.8pp | 11.8%+8.5pp | 3.3%+2.2pp | 1.1%+0.6pp | 0.5% | N/A |
| Current Ratio | 0.93-0.2x | 1.09-0.1x | 1.19-0.2x | 1.41+0.2x | 1.170.0x | 1.210.0x | 1.26 | N/A |
| Debt-to-Equity | 1.13+0.7x | 0.39+0.3x | 0.040.0x | 0.070.0x | 0.10-0.1x | 0.21-0.1x | 0.26 | N/A |
| FCF Margin | 8.6%+20.8pp | -12.2%-3.7pp | -8.4%-6.9pp | -1.5%-12.8pp | 11.3%+7.9pp | 3.4% | N/A | N/A |
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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Where Lazydays Hldgs Inc Ranks
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 Altman Z-Score?
Lazydays Hldgs 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 Hldgs Inc's Piotroski F-Score?
Lazydays Hldgs 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 Hldgs Inc's earnings high quality?
Lazydays Hldgs 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 Hldgs Inc cover its interest payments?
Lazydays Hldgs 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 Hldgs Inc?
Lazydays Hldgs Inc (GORV) scores 20 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.