La Rosa Holdings Corp. Reports 27% Year-Over-Year Increase in Revenue to $40.7 Million for First Half of 2025 as Compared to First Half of 2024
Rhea-AI Summary
La Rosa Holdings Corp. (NASDAQ: LRHC), a real estate and PropTech company, reported strong financial results for Q2 and H1 2025. The company achieved total revenue of $40.7 million in H1 2025, marking a 27% year-over-year increase, while Q2 2025 revenue grew 22% to $23.2 million.
Key highlights include a 30% growth in residential real estate services to $34.0 million in H1 2025, and a 23% increase in gross profit to $3.4 million. The company's agent network expanded to over 3,100 agents as of July 31, 2025. Q2 2025 resulted in a significant net income of $78.5 million, primarily due to gains from warrant extinguishment and debt-related adjustments.
Positive
- Revenue growth of 27% year-over-year to $40.7 million in H1 2025
- Residential real estate services revenue increased 30% to $34.0 million in H1 2025
- Gross profit improved 23% to $3.4 million in H1 2025
- Agent network expanded to over 3,100 agents
- Net income of $78.5 million in Q2 2025, compared to net loss of $2.3 million in Q2 2024
Negative
- Operating loss increased to $2.5 million in Q2 2025 from $1.8 million in Q2 2024
- Operating expenses increased to $4.3 million from $3.4 million year-over-year in Q2
- SG&A costs increased to $3.8 million from $3.0 million in Q2 2024
News Market Reaction – LRHC
In the Aug 19 session, LRHC gained 0.37%, reflecting a mild positive market reaction. Argus tracked a trough of -13.5% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Q2 2025 Revenue Increased
CELEBRATION, Fla., Aug. 19, 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 for the second quarter ended June 30, 2025.
Q2 2025 Financial Highlights
- Total revenue increased
22% year-over-year to$23.2 million for the second quarter ended June 30, 2025 from$19.1 million for the second quarter ended June 30, 2024. - Residential real estate services revenue increased by approximately
$3.9 million to$19.7 million , or24% , for the second quarter ended June 30, 2025 from$15.9 million for the second quarter ended June 30, 2024 - Property management revenue increased by approximately
$326 thousand to approximately$3.1 million , or12% , for the second quarter ended June 30, 2025 from$2.8 million for the second quarter ended June 30, 2024 - Real Estate Brokerage Services (Commercial) revenue increased by approximately
$33 thousand to$188 thousand , or approx.21% for the second quarter ended June 30, 2025 from$155 thousand for the second quarter ended June 30, 2024 - Gross profit increased by approximately
$266 thousand , or17% , year-over-year, to$1.9 million for the second quarter ended June 30, 2025 from$1.6 million for the second quarter ended June 30, 2024
H1 2025 Financial Highlights
- Total revenue increased
27% year-over-year to$40.7 million for the six months ended June 30, 2025 from$32.1 million for the six months ended June 30, 2024. - Residential real estate services revenue increased by approximately
$7.9 million to$34.0 million , or30% , for the six months ended June 30, 2025 from$26.1 million for the six months ended June 30, 2024 - Property management revenue increased by approximately
$758 thousand to approximately$6.1 million , or14% , for the six months ended June 30, 2025 from$5.3 million for the six months ended June 30, 2024 - Real Estate Brokerage Services (Commercial) revenue increased by approximately
$60 thousand to$245 thousand , or approx.33% for the six months ended June 30, 2025 from$185 thousand for the six months ended June 30, 2024 - Gross profit increased by approximately
$642 thousand , or23% , year-over-year, to$3.4 million for the six months ended June 30, 2025 from$2.7 million for the six months ended June 30, 2024
Joe La Rosa, CEO of La Rosa, commented, “We delivered strong financial performance in both the second quarter and first half of 2025. Total revenue increased
“Looking ahead, we are encouraged by signs of easing mortgage rates, with industry forecasts calling for 30-year fixed rates to decline toward the low
Q2 2025 Financial Results
Total revenue for the second quarter ended June 30, 2025, was
Total operating expenses were
Other income (expense), net for the three months ended June 30, 2025, increased approximately
Net income was
About La Rosa Holdings Corp.
La Rosa Holdings Corp. (Nasdaq: LRHC) is transforming 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 26 corporate-owned brokerage offices across Florida, California, Texas, Georgia, North Carolina, and Puerto Rico. La Rosa also recently started its expansion into Europe, beginning with Spain. Additionally, the Company has six 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, 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 | |||||||||
| June 30, 2025 | December 31, 2024 | ||||||||
| (unaudited) | (audited) | ||||||||
| Assets | |||||||||
| Current assets: | |||||||||
| Cash | $ | 5,095,257 | $ | 1,442,901 | |||||
| Restricted cash | 1,965,804 | 2,137,707 | |||||||
| Accounts receivable, net of allowance for credit losses of | 1,208,048 | 931,662 | |||||||
| Other current assets | 73,792 | 1,788 | |||||||
| Total current assets | 8,342,901 | 4,514,058 | |||||||
| Noncurrent assets: | |||||||||
| Property and equipment, net | 7,663 | 9,411 | |||||||
| Right-of-use asset, net | 1,082,948 | 997,715 | |||||||
| Intangible assets, net | 5,423,815 | 5,840,080 | |||||||
| Goodwill | 8,012,331 | 8,012,331 | |||||||
| Other long-term assets | 37,959 | 33,831 | |||||||
| Total noncurrent assets | 14,564,716 | 14,893,368 | |||||||
| Total assets | $ | 22,907,617 | $ | 19,407,426 | |||||
| Liabilities and Stockholders' Equity | |||||||||
| Current liabilities: | |||||||||
| Accounts payable | $ | 2,451,504 | $ | 2,376,704 | |||||
| Accrued expenses | 649,421 | 738,065 | |||||||
| Contract liabilities | 134,121 | 7,747 | |||||||
| Line of credit | 2,332 | 148,976 | |||||||
| Derivative liability | — | 1,607,544 | |||||||
| Advances on future receipts | — | 618,681 | |||||||
| Accrued acquisition cash consideration | 140,000 | 381,404 | |||||||
| Notes payable, current | 148,757 | 2,187,673 | |||||||
| Lease liability, current | 407,905 | 473,733 | |||||||
| Total current liabilities | 3,934,040 | 8,540,527 | |||||||
| Noncurrent liabilities: | |||||||||
| Note payable, net of current | 8,697,337 | 1,475,064 | |||||||
| Security deposits and escrow payable | 1,965,804 | 2,137,707 | |||||||
| Lease liability, noncurrent | 711,687 | 545,759 | |||||||
| Other liabilities | 2,950 | 32,950 | |||||||
| Total non-current liabilities | 11,377,778 | 4,191,480 | |||||||
| Total liabilities | 15,311,818 | 12,732,007 | |||||||
| Commitments and contingencies (Note 6) | |||||||||
| Stockholders' equity: | |||||||||
| Preferred stock - Series X shares issued and outstanding at June 30, 2025 and December 31, 2025, respectively | — | — | |||||||
| Preferred stock - shares issued and outstanding at June 30, 2025. | 1 | — | |||||||
| Common stock - 729,039 and 273,122 issued and outstanding at June 30, 2025 and December 31, 2025, respectively | 73 | 27 | |||||||
| Additional paid-in capital | 47,279,861 | 29,123,747 | |||||||
| Accumulated deficit | (43,852,040 | ) | (26,555,319 | ) | |||||
| Total stockholders' equity — La Rosa Holdings Corp. shareholders | 3,427,895 | 2,568,455 | |||||||
| Noncontrolling interest in subsidiaries | 4,167,904 | 4,106,964 | |||||||
| Total stockholders' equity | 7,595,799 | 6,675,419 | |||||||
| Total liabilities and stockholders' equity | $ | 22,907,617 | $ | 19,407,426 | |||||
| La Rosa Holdings Corp. and Subsidiaries | |||||||||||||||||
| Condensed Consolidated Statements of Operations | |||||||||||||||||
| (unaudited) | |||||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| Revenue | $ | 23,214,218 | $ | 19,051,420 | $ | 40,728,612 | $ | 32,140,319 | |||||||||
| Cost of revenue | 21,361,990 | 17,465,109 | 37,338,716 | 29,392,011 | |||||||||||||
| Gross profit | 1,852,228 | 1,586,311 | 3,389,896 | 2,748,308 | |||||||||||||
| Operating expenses: | |||||||||||||||||
| Sales and marketing | 606,298 | 212,608 | 1,169,447 | 445,335 | |||||||||||||
| General and administrative | 3,201,053 | 2,740,156 | 6,928,578 | 5,062,011 | |||||||||||||
| Stock-based compensation — general and administrative | 507,457 | 473,972 | 2,422,308 | 3,665,110 | |||||||||||||
| Total operating expenses | 4,314,808 | 3,426,736 | 10,520,333 | 9,172,456 | |||||||||||||
| Loss from operations | (2,462,580 | ) | (1,840,425 | ) | (7,130,437 | ) | (6,424,148 | ) | |||||||||
| Interest expense, net | (182,807 | ) | (78,607 | ) | (207,148 | ) | (98,859 | ) | |||||||||
| Gain (loss) on extinguishment of debt | 4,113,000 | — | 3,961,075 | — | |||||||||||||
| Amortization of debt discount | — | (264,101 | ) | (63,160 | ) | (320,104 | ) | ||||||||||
| Change in fair value of derivative liability | — | (83,100 | ) | 899,874 | (88,100 | ) | |||||||||||
| Loss on issuance of senior secured convertible note and warrants | — | — | (128,836,250 | ) | — | ||||||||||||
| Change on fair value of convertible note and warrants | (5,315,000 | ) | — | 31,830,000 | — | ||||||||||||
| Gain on extinguishment of incremental warrants | 82,299,000 | — | 82,299,000 | — | |||||||||||||
| Other income (expense), net | 11,491 | — | 11,265 | — | |||||||||||||
| Income (loss) before provision for income taxes | 78,463,104 | (2,266,233 | ) | (17,235,781 | ) | (6,931,211 | ) | ||||||||||
| Benefit from income taxes | — | — | — | — | |||||||||||||
| Net Income (loss) | 78,463,104 | (2,266,233 | ) | (17,235,781 | ) | (6,931,211 | ) | ||||||||||
| Less: Net income (loss) attributable to noncontrolling interests in subsidiaries | 43,246 | 53,839 | 60,940 | (12,343 | ) | ||||||||||||
| Net income (loss) after noncontrolling interest in subsidiaries | 78,419,858 | (2,320,072 | ) | (17,296,721 | ) | (6,918,868 | ) | ||||||||||
| Less: Deemed dividend | 89,031 | — | 275,264 | 230,667 | |||||||||||||
| Net income (loss) attributable to common stockholders | $ | 78,330,827 | $ | (2,320,072 | ) | $ | (17,571,985 | ) | $ | (7,149,535 | ) | ||||||
| Income (loss) per share of common stock attributable to common stockholders | |||||||||||||||||
| Basic | $ | 115.11 | $ | (12.49 | ) | $ | (32.00 | ) | $ | (40.08 | ) | ||||||
| Diluted | $ | 15.25 | $ | (12.49 | ) | $ | (32.00 | ) | $ | (40.08 | ) | ||||||
| Weighted average shares used in computing net income (loss) per share of common stock attributable to common stockholders | |||||||||||||||||
| Basic | 680,504 | 185,813 | 549,104 | 178,366 | |||||||||||||
| Diluted | 5,135,893 | 185,813 | 549,104 | 178,366 | |||||||||||||
