La Rosa Holdings Announces 2024 Revenue Restatement; Confirms No Impact to Gross Profit, Net Income or Cash Flow
Rhea-AI Summary
La Rosa Holdings (NASDAQ: LRHC) announced a non-cash restatement reducing reported 2024 revenue to $58.6 million and lowering revenue by $10.8 million due to ASC 606 gross-vs-net presentation. Gross profit, net income, shareholders' equity, and cash flows are unchanged; gross margin rose to 10.14% from 8.57% for 2024. The company revised 2025 revenue guidance to $68.6 million and reported preliminary unaudited 2025 revenue growth of 17% YoY. La Rosa said it intends to file its Form 10-K shortly and is progressing with a proposed acquisition of Consensus Core Technologies to expand into AI infrastructure.
Positive
- 2025 preliminary revenue of $68.6M representing 17% YoY growth
- 2024 gross margin increased to 10.14% from 8.57% after restatement
- Company states no impact to gross profit, net income, shareholders' equity, or cash flows
- Progressing with proposed acquisition of Consensus Core Technologies to enter AI infrastructure
Negative
- Non-cash restatement reduced reported 2024 revenue by $10.8M
- Previously issued audited 2024 consolidated financial statements require revision and refiling
News Market Reaction – LRHC
In the Apr 27 session, LRHC declined 6.42%, reflecting a notable negative market reaction. Argus tracked a peak move of +9.7% during that session. Argus tracked a trough of -12.3% from its starting point during tracking. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 22 | Nasdaq non-compliance | Negative | -21.1% | Nasdaq notice for late Form 10-K filing and compliance plan deadline. |
| Apr 17 | AI platform launch | Positive | -8.3% | Launch of My Agent Account 5.0 AI-enabled transaction platform. |
| Apr 16 | Reverse stock split | Negative | -29.9% | Announcement of 1-for-10 reverse split to support Nasdaq compliance. |
| Apr 15 | Orlando acquisition | Positive | -7.3% | Acquisition of remaining 49% of La Rosa Realty Orlando LLC. |
| Mar 31 | AI infra assets | Positive | +6.6% | Added over $6.4M in net assets tied to digital asset treasury and AI data center plans. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news often led to sharp downside, especially around compliance and capital structure actions, even when strategic or AI-related announcements were positive.
Over recent months, LRHC news has centered on compliance, capital structure, acquisitions, and its AI infrastructure strategy. A Nasdaq non-compliance notice on 2026-04-22 and a 1-for-10 reverse split on 2026-04-16 both saw double-digit declines. Strategic items such as the Orlando brokerage buyout and AI-focused My Agent Account 5.0 also faced negative price reactions. The March 31 digital-asset and AI data center update on added net assets coincided with a positive move. Today’s revenue restatement and reaffirmed growth fit into this ongoing financial reporting and AI-expansion narrative.
Key Terms
asc 606 regulatory
gross margin financial
form 10-k regulatory
high-performance computing technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Preliminary unaudited revenue increased
Celebration, FL, April 27, 2026 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a real estate and PropTech enterprise, today announced a non-cash restatement of its previously reported revenue for fiscal 2024.
The Company determined that its previously issued audited consolidated financial statements for the years ended December 31, 2024 should be revised due to the calculation of ASC 606 Gross vs. Net, with revenue adjusted to
Despite these adjustments, La Rosa continues to deliver strong growth, with preliminary unaudited revenue increasing
Importantly, the restatement has no impact on the Company’s gross profit, operating income, net income, shareholders’ equity, or cash flows.
Joe La Rosa, CEO of La Rosa, commented, “This adjustment reflects a refinement in revenue recognition and presentation, not a change in the underlying strength of our business. Our profitability, cash generation, and overall financial position remain unchanged. Despite the restatement, we expect to achieve
“Additionally, we are progressing with our acquisition of Consensus Core Technologies, a provider of critical infrastructure solutions for artificial intelligence ("AI") and high-performance computing. The proposed acquisition of Consensus is intended to position La Rosa immediately at the forefront of the AI infrastructure ecosystem, providing the Company with a scalable platform to participate in the accelerating demand for AI compute capacity and enhance long-term shareholder value,” concluded Mr. La Rosa.
About La Rosa Holdings Corp.
La Rosa Holdings Corp. (Nasdaq: LRHC) intends to transform the real estate industry by providing agents with flexible compensation options, including a revenue-sharing model or a fee-based structure with
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 operates 24 corporate-owned brokerage offices across Florida, California, Texas, Georgia, and Puerto Rico. La Rosa also started its expansion into Europe, beginning with Spain. Additionally, the Company has five 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: https://www.larosaholdings.com.
Stay connected with La Rosa, sign up for news alerts here: larosaholdings.com/email-alerts.
Forward-Looking Statements
This press release contains forward-looking statements regarding the Company’s current expectations that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These 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, customer acceptance of new services, the demand for the Company’s services and the Company’s customers' economic condition, the impact of competitive services and pricing, general economic conditions, the successful integration of the Company’s past and future acquired brokerages, the effect of the recent National Association of Realtors' 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”). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” 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: info@larosaholdings.com
Investor Relations Contact:
Crescendo Communications, LLC
David Waldman/Natalya Rudman
Tel: (212) 671-1020Email: LRHC@crescendo-ir.com
