1847 Holdings Reports Audited 2025 Results with 207% Revenue Growth to $48.3 Million; Net Income of $66.5 Million and Adjusted EBITDA of $9.8 Million
Rhea-AI Summary
1847 Holdings (OTC: LBRA) reported audited FY2025 results: revenues $48.3M (+207%), gross profit $23.9M (+208%), net income $66.5M, and adjusted EBITDA $9.8M. CMD contributed ~$40.5M revenue and Adjusted EBITDA ~$14.3M with a bid pipeline >$160M. The 2025 net income was largely driven by a $76.9M gain on warrant fair-value.
Management noted cost reductions, plans to explore strategic alternatives for CMD (refinancing or sale) to retire convertible debt, and ongoing portfolio repositioning for growth.
Positive
- Revenues +207% to $48.3M in FY2025
- Gross profit +208% to $23.9M in FY2025
- Net income of $66.5M driven by $76.9M warrant fair-value gain
- Consolidated Adjusted EBITDA of $9.8M in FY2025
- CMD revenue ~$40.5M with Adjusted EBITDA ~$14.3M
- CMD bid pipeline exceeding $160M
Negative
- Interest expense of $7.0M in FY2025
- Loss on extinguishment of debt $3.13M and amortization of debt discounts $1.54M
- Total operating expenses $44.29M in FY2025
- ICD adjusted EBITDA negative $381,793 and Wolo adjusted EBITDA negative $598,127
News Market Reaction – LBRA
On the day this news was published, LBRA declined 25.93%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
| CMD Generated |
| CMD’s 2025 Adjusted EBITDA Increased to |
| CMD Management Noted a Record Bid Pipeline Exceeding |
| Kyle’s Generated |
| Gross Profit Increased to |
NEW YORK, March 31, 2026 (GLOBE NEWSWIRE) -- 1847 Holdings LLC (OTC: LBRA) (“1847” or the “Company”), a diversified acquisition holding company focused on identifying and monetizing overlooked, deep-value businesses, today announced results for fiscal year 2025, which include audited financial statements, as reflected in the independent auditor’s report within the Form 10-K filed with the U.S. Securities and Exchange Commission.
Consolidated 2025 Financial Highlights:
| 2025 | 2024 | Change | ||
| Revenues | + | |||
| Gross Profit | + | |||
| Operating Income (Loss) | + | |||
| Net Income (Loss) from Continuing Operations | + | |||
| Total Adjusted EBITDA | + | |||
Ellery W. Roberts, CEO of 1847 Holdings, commented, “Throughout 2025, our operating companies delivered meaningful progress, with CMD emerging as a key contributor to overall performance. Revenue at CMD grew by roughly
“Entering 2026, CMD is supported by recent contract awards and a substantial pipeline exceeding
“We are also evaluating potential strategic alternatives for CMD that reflect its strong market position, financial performance, and growth trajectory. We are considering several options, ranging from a refinancing to a potential sale of CMD at what we believe would be an attractive valuation, with the goal of retiring our convertible debt. We believe this is the right time to explore opportunities that could unlock significant value for our shareholders and that we are well-positioned to achieve an optimal outcome.”
“Across the broader portfolio, performance trends remain encouraging, while ongoing efforts to streamline the corporate structure have reduced overhead and improved capital allocation. Kyle’s continued to deliver strong growth and improved profitability, while we are actively repositioning WOLO and ICD to capture new opportunities in e-commerce logistics and high-growth construction markets, respectively. We believe a that stronger operating base, enhanced efficiency, and an expanding pipeline position the Company to continue executing its strategy of building, scaling and optimizing strong niche businesses.”
“During the year, we took decisive action to streamline our structure and reduce overhead, lowering operating expenses and sharpening our focus on execution and growth across our subsidiaries. We believe that strong momentum across our operating companies, combined with an expanding pipeline and a more efficient structure, positions 1847 to drive sustained growth and long-term shareholder value,” concluded Mr. Roberts.
2025 Financial Summary
Revenues increased by
Cost of revenues was
Personnel costs were
Professional fees were
Total operating expenses were
Total other income, net, was
The foregoing factors resulted in net income from continuing operations of
Consolidated EBITDA and Adjusted EBITDA
The Company reported consolidated Adjusted EBITDA of
The table below reconciles consolidated EBITDA and Adjusted EBITDA, both non-GAAP measures, to GAAP net income (loss) for years ended December 31, 2025 and 2024.
| Year Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Net income (loss) | $ | 65,559,185 | $ | (100,527,409 | ) | |||
| Net (income) loss from discontinued operations | 921,772 | (6,276,845 | ) | |||||
| Interest expense | 7,036,424 | 4,262,224 | ||||||
| Income tax provision (benefit) | 2,353,000 | (702,000 | ) | |||||
| Depreciation and amortization | 1,425,349 | 655,658 | ||||||
| EBITDA | 77,295,730 | (102,588,372 | ) | |||||
| Other expense | 79,278 | 1,263,983 | ||||||
| Gain on disposal of property and equipment | (43,570 | ) | (13,000 | ) | ||||
| Amortization of debt discounts | 1,538,773 | 9,047,721 | ||||||
| Loss on extinguishment of debt | 3,126,338 | 4,709,793 | ||||||
| Loss on settlement of debt | 500,000 | – | ||||||
| (Gain) loss on change in fair value of warrant liabilities | (76,904,488 | ) | 77,638,662 | |||||
| Gain on change in fair value of derivative liabilities | (185,000 | ) | (1,401,373 | ) | ||||
| Impairment of goodwill | – | 679,175 | ||||||
| Loss on abandonment of right-of-use asset | 112,705 | – | ||||||
| Non-recurring professional fees and acquisition-related fees | 3,209,774 | 5,086,532 | ||||||
| Management fees | 1,100,000 | 2,267,000 | ||||||
| Adjusted EBITDA | $ | 9,829,540 | $ | (3,309,879 | ) | |||
The table below reconciles CMD’s EBITDA and Adjusted EBITDA, both non-GAAP measures, to GAAP net income for the years ended December 31, 2025 and 2024, with prior-year results presented on a pro forma basis for comparability.
| Year Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Net income | $ | 6,927,579 | $ | 7,463,469 | ||||
| Interest expense | 399 | 53,632 | ||||||
| Income tax provision | 1,704,000 | 49,000 | ||||||
| Depreciation and amortization | 914,307 | 211,181 | ||||||
| EBITDA | 9,546,285 | 7,777,282 | ||||||
| Other (income) expense | 79,278 | (41,163 | ) | |||||
| Non-recurring professional and acquisition-related fees | 1,125,954 | – | ||||||
| Management fees | 300,000 | – | ||||||
| 1847 corporate-related allocated expenses | 3,207,583 | – | ||||||
| Adjusted EBITDA | $ | 14,259,100 | $ | 7,736,119 | ||||
The table below reconciles Kyle’s EBITDA and Adjusted EBITDA, both non-GAAP measures, to GAAP net loss for the years ended December 31, 2025 and 2024.
| Year Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Net loss | $ | (1,280,431 | ) | $ | (1,004,216 | ) | ||
| Interest expense | 113,552 | 90,841 | ||||||
| Income tax provision (benefit) | 650,000 | (157,000 | ) | |||||
| Depreciation and amortization | 494,548 | 575,835 | ||||||
| EBITDA | (22,331 | ) | (494,540 | ) | ||||
| Other expense | – | 136,192 | ||||||
| Loss on extinguishment of debt | 458,218 | |||||||
| Impairment of goodwill | – | 355,207 | ||||||
| Management fees | 250,000 | 187,500 | ||||||
| 1847 corporate-related allocated expenses | 441,416 | 377,354 | ||||||
| Adjusted EBITDA | $ | 1,127,303 | $ | 561,713 | ||||
The table below reconciles ICD’s EBITDA and Adjusted EBITDA, both non-GAAP measures, to GAAP net loss for the years ended December 31, 2025 and 2024.
| Year Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Net loss | $ | (714,310 | ) | $ | (1,075,592 | ) | ||
| Interest expense | 512 | 76,206 | ||||||
| Income tax benefit | (1,000 | ) | (597,000 | ) | ||||
| Depreciation and amortization | 13,870 | 79,547 | ||||||
| EBITDA | (700,928 | ) | (1,516,839 | ) | ||||
| Other expense | – | 1,128,000 | ||||||
| Gain on disposal of property and equipment | (43,570 | ) | (13,000 | ) | ||||
| Amortization of debt discounts | – | 64,306 | ||||||
| Impairment of goodwill | – | 323,968 | ||||||
| Loss on abandonment of right-of-use asset | 112,705 | – | ||||||
| Management fees | 250,000 | 187,500 | ||||||
| 1847 corporate-related allocated expenses | – | 397,817 | ||||||
| Adjusted EBITDA | $ | (381,793 | ) | $ | 571,752 | |||
The table below reconciles Wolo’s EBITDA and Adjusted EBITDA, both non-GAAP measures, to GAAP net loss for the years ended December 31, 2025 and 2024.
| Year Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Net loss | $ | (1,153,494 | ) | $ | (1,292,354 | ) | ||
| Interest expense | 102,629 | 142,656 | ||||||
| Income tax provision | – | 3,000 | ||||||
| Depreciation and amortization | 276 | 276 | ||||||
| EBITDA | (1,050,589 | ) | (1,146,422 | ) | ||||
| Other expense | – | 72 | ||||||
| Management fees | 300,000 | 300,000 | ||||||
| 1847 corporate-related expenses | 152,462 | 375,561 | ||||||
| Adjusted EBITDA | $ | (598,127 | ) | $ | (470,789 | ) | ||
About 1847 Holdings LLC
1847 Holdings LLC (OTC: LBRA), a diversified acquisition holding company, was founded by Ellery W. Roberts, a former partner of Parallel Investment Partners, Saunders Karp & Megrue, and Principal of Lazard Freres Strategic Realty Investors. 1847 Holdings' investment thesis is that capital market inefficiencies have left the founders and/or stakeholders of many small business enterprises or lower-middle market businesses with limited exit options despite the intrinsic value of their business. Given this dynamic, 1847 Holdings can consistently acquire businesses it views as “solid” for reasonable multiples of cash flow and then deploy resources to strengthen the infrastructure and systems of those businesses in order to improve operations. These improvements may lead to a sale or IPO of an operating subsidiary at higher valuations than the purchase price and/or alternatively, an operating subsidiary may be held in perpetuity and contribute to 1847 Holdings' ability to pay regular and special dividends to shareholders. For more information, visit www.1847holdings.com.
For the latest insights, follow 1847 on Twitter.
Forward-Looking Statements
This press release may contain information about 1847 Holdings' view of its future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on our management's beliefs, assumptions and expectations of our future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause our actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include but are not limited to the risks set forth in “Risk Factors” included in our SEC filings.
Contact:
Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: LBRA@crescendo-ir.com
FAQ
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