La Rosa Holdings Corp. Reports 18% Year-Over-Year Revenue Growth to $60.9 Million for the First Nine Months of 2025
Rhea-AI Summary
La Rosa Holdings (NASDAQ: LRHC) reported Q3 and nine-month 2025 results on Nov 20, 2025. Total revenue for the nine months ended Sept 30, 2025 rose 17.8% to $60.9M, driven by residential services (+19.2% to $50.8M), property management (+12.4% to $9.2M) and commercial brokerage (+40.1% to $349k). Q3 revenue was $20.2M (+3.2% YoY). Gross profit for nine months increased 16.3% to $5.1M. The company ended Sept 30, 2025 with $6.4M cash and restricted cash, up from $3.2M at Dec 31, 2024. La Rosa said it secured $1.25B in financing facilities to support AI data centers, acquisitions and partnerships. Q3 net loss was $5.5M (loss per share $(5.44)).
Positive
- Total revenue +17.8% for nine months to $60.9M
- Residential revenue +19.2% to $50.8M (nine months)
- Gross profit +16.3% to $5.1M (nine months)
- Cash and restricted cash increased to $6.4M at Sept 30, 2025
- Secured $1.25B in financing facilities
Negative
- Q3 net loss of $5.5M, $(5.44) loss per share
- Operating loss widened to $5.0M in Q3 from $1.7M
- Total operating expenses rose to $6.7M in Q3 from $3.4M
- SG&A (ex-stock comp) increased to ~$4.4M in Q3 from ~$3.0M
News Market Reaction – LRHC
In the Nov 20 session, LRHC declined 3.26%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CELEBRATION, Fla., Nov. 20, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a real estate and PropTech company, today provided a business update and reported financial results for the third quarter ended September 30, 2025.
Q3 2025 Financial Highlights
- Total revenue increased
3.2% year-over-year to$20.2 million for the third quarter ended September 30, 2025 from$19.6 million for the third quarter ended September 30, 2024. - Residential real estate services revenue increased by approximately
$286 thousand to$16.8 million , or1.7% for the third quarter ended September 30, 2025 from$16.5 million for the third quarter ended September 30, 2024 - Property management revenue increased by approximately
$255 thousand to approximately$3.1 million , or8.9% , for the third quarter ended September 30, 2025 from$2.9 million for the third quarter ended September 30, 2024 - Real Estate Brokerage Services (Commercial) revenue increased by approximately
$39 thousand to$103 thousand , or approx.61.5% for the third quarter ended September 30, 2025 from$64 thousand for the third quarter ended September 30, 2024 - Gross profit increased by approximately
$72 thousand , or4.4% , year-over-year, to$1.7 million for the third quarter ended September 30, 2025 from$1.6 million for the third quarter ended September 30, 2024
Nine-Months 2025 Financial Highlights
- Total revenue increased
17.8% year-over-year to$60.9 million for the nine months ended September 30, 2025 from$51.7 million for the nine months ended September 30, 2024. - Residential real estate services revenue increased by approximately
$8.2 million to$50.8 million , or19.2% , for the nine months ended September 30, 2025 from$42.6 million for the nine months ended September 30, 2024 - Property management revenue increased by approximately
$1.0 million to approximately$9.2 million , or12.4% , for the nine months ended September 30, 2025 from$8.2 million for the nine months ended September 30, 2024 - Real Estate Brokerage Services (Commercial) revenue increased by approximately
$100 thousand to$349 thousand , or approx.40.1% for the nine months ended September 30, 2025 from$249 thousand for the nine months ended September 30, 2024 - Gross profit increased by approximately
$714 thousand , or16.3% , year-over-year, to$5.1 million for the nine months ended September 30, 2025 from$4.4 million for the nine months ended September 30, 2024
Joe La Rosa, CEO of La Rosa, commented, “We delivered solid financial performance in the first nine months of 2025, with steady year-over-year growth across all major revenue streams. Total revenue for the first nine months of 2025 increased nearly
“Last week, we announced that we secured
Q3 2025 Financial Results
Total revenue for the third quarter ended September 30, 2025, was
Total operating expenses were
Net loss was
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 25 corporate-owned brokerage offices across Florida, California, Texas, Georgia, North Carolina, 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 satisfy closing conditions of the financing facilities and the timing and use of proceeds thereof, including the redemption of the Series X Preferred Stock, to achieve profitable operations, our ability to successfully integrate acquisitions into our business 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) 671-1020
Email: LRHC@crescendo-ir.com
(Tables follow)
| La Rosa Holdings Corp. and Subsidiaries Condensed Consolidated Balance Sheets (unaudited) | ||||||||
| September 30, 2025 | December 31, 2024 | |||||||
| (unaudited) | (audited) | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash | $ | 3,992,896 | $ | 1,442,901 | ||||
| Restricted cash | 2,396,268 | 1,750,421 | ||||||
| Accounts receivable, net of allowance for credit losses of | 799,385 | 931,662 | ||||||
| Other current assets | 34,669 | 1,788 | ||||||
| Total current assets | 7,223,218 | 4,126,772 | ||||||
| Noncurrent assets: | ||||||||
| Restricted cash, net of current | 46,199 | 387,286 | ||||||
| Property and equipment, net | 6,879 | 9,411 | ||||||
| Right-of-use asset, net | 1,104,403 | 997,715 | ||||||
| Intangible assets, net | 5,256,913 | 5,840,080 | ||||||
| Goodwill | 8,012,331 | 8,012,331 | ||||||
| Other long-term assets | 40,250 | 33,831 | ||||||
| Total noncurrent assets | 14,466,975 | 15,280,654 | ||||||
| Total assets | $ | 21,690,193 | $ | 19,407,426 | ||||
| Liabilities and Stockholders’ Equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 2,006,747 | $ | 2,376,704 | ||||
| Accrued expenses | 780,665 | 738,065 | ||||||
| Contract liabilities | 72,485 | 7,747 | ||||||
| Security deposits and escrow payable | 2,396,268 | 1,750,421 | ||||||
| Line of credit | — | 148,976 | ||||||
| Derivative liability | — | 1,607,544 | ||||||
| Advances on future receipts | — | 618,681 | ||||||
| Accrued acquisition cash consideration | 60,000 | 381,404 | ||||||
| Notes payable, current | 148,757 | 2,187,673 | ||||||
| Lease liability, current | 514,731 | 473,733 | ||||||
| Total current liabilities | 5,979,653 | 10,290,948 | ||||||
| Noncurrent liabilities: | ||||||||
| Note payable, net of current | 9,321,562 | 1,475,064 | ||||||
| Security deposits and escrow payable, net of current | 46,199 | 387,286 | ||||||
| Lease liability, noncurrent | 625,637 | 545,759 | ||||||
| Other liabilities | 2,950 | 32,950 | ||||||
| Total non-current liabilities | 9,996,348 | 2,441,059 | ||||||
| Total liabilities | 15,976,001 | 12,732,007 | ||||||
| Commitments and contingencies (Note 6) | ||||||||
| Stockholders’ equity: | ||||||||
| Preferred stock - | — | — | ||||||
| Preferred stock - | 1 | — | ||||||
| Common stock - | 122 | 27 | ||||||
| Additional paid-in capital | 50,942,783 | 29,123,747 | ||||||
| Accumulated deficit | (49,385,392 | ) | (26,555,319 | ) | ||||
| Total stockholders’ equity – La Rosa Holdings Corp. shareholders | 1,557,514 | 2,568,455 | ||||||
| Noncontrolling interest in subsidiaries | 4,156,678 | 4,106,964 | ||||||
| Total stockholders’ equity | 5,714,192 | 6,675,419 | ||||||
| Total liabilities and stockholders’ equity | $ | 21,690,193 | $ | 19,407,426 | ||||
| La Rosa Holdings Corp. and Subsidiaries Condensed Consolidated Statements of Operations (unaudited) | ||||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Revenue | $ | 20,216,143 | $ | 19,593,036 | $ | 60,944,755 | $ | 51,733,355 | ||||||||
| Cost of revenue | 18,507,962 | 17,957,130 | 55,846,678 | 47,349,141 | ||||||||||||
| Gross profit | 1,708,181 | 1,635,906 | 5,098,077 | 4,384,214 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Sales and marketing | 157,412 | 246,369 | 1,326,859 | 691,704 | ||||||||||||
| General and administrative | 4,217,919 | 2,747,616 | 11,146,500 | 7,809,627 | ||||||||||||
| Stock-based compensation — general and administrative | 2,321,707 | 389,711 | 4,744,012 | 4,054,821 | ||||||||||||
| Total operating expenses | 6,697,038 | 3,383,696 | 17,217,371 | 12,556,152 | ||||||||||||
| Loss from operations | (4,988,857 | ) | (1,747,790 | ) | (12,119,294 | ) | (8,171,938 | ) | ||||||||
| Other income (expense): | ||||||||||||||||
| Interest expense, net | (154,233 | ) | (98,566 | ) | (361,381 | ) | (197,425 | ) | ||||||||
| Gain (loss) on extinguishment of debt | — | (722,729 | ) | 3,961,075 | (722,729 | ) | ||||||||||
| Amortization of debt discount | — | (135,185 | ) | (63,160 | ) | (455,289 | ) | |||||||||
| Change in fair value of derivative liability | — | 307,098 | 899,874 | 218,998 | ||||||||||||
| Loss on issuance of senior secured convertible note and warrants | — | — | (128,836,250 | ) | — | |||||||||||
| Change on fair value of convertible note and warrants | (661,504 | ) | — | 31,168,496 | — | |||||||||||
| Gain on settlement of incremental warrants | — | — | 82,299,000 | — | ||||||||||||
| Other income, net | 260,016 | 4,544 | 271,281 | 4,544 | ||||||||||||
| Loss before provision for income taxes | (5,544,578 | ) | (2,392,628 | ) | (22,780,359 | ) | (9,323,839 | ) | ||||||||
| Benefit from income taxes | — | — | — | — | ||||||||||||
| Net loss | (5,544,578 | ) | (2,392,628 | ) | (22,780,359 | ) | (9,323,839 | ) | ||||||||
| Less: Net income (loss) attributable to noncontrolling interests in subsidiaries | (11,226 | ) | 59,540 | 49,714 | 47,197 | |||||||||||
| Net loss after noncontrolling interest in subsidiaries | (5,533,352 | ) | (2,452,168 | ) | (22,830,073 | ) | (9,371,036 | ) | ||||||||
| Less: Deemed dividend | — | 920,038 | 275,264 | 1,150,706 | ||||||||||||
| Net loss attributable to common stockholders | $ | (5,533,352 | ) | $ | (3,372,206 | ) | $ | (23,105,337 | ) | $ | (10,521,742 | ) | ||||
| Loss per share of common stock attributable to common stockholders | ||||||||||||||||
| Basic and diluted | $ | (5.44 | ) | $ | (16.49 | ) | $ | (32.64 | ) | $ | (56.23 | ) | ||||
| Weighted average shares used in computing net loss per share of common stock attributable to common stockholders | ||||||||||||||||
| Basic and diluted | 1,016,833 | 204,481 | 707,859 | 187,126 | ||||||||||||
