La Rosa Holdings Corp. Reports 119% Year-Over-Year Increase in Revenue to $69.4 Million for Fiscal 2024; Surpassed Initial Revenue Guidance by Approximately $4.4 Million
La Rosa Holdings Corp. (NASDAQ: LRHC) reported strong financial results for fiscal 2024, with total revenue surging 119% year-over-year to $69.4 million, exceeding initial guidance by $4.4 million. The company's Q4 2024 revenue increased 55% year-over-year to $17.7 million.
Key performance metrics include:
- Residential real estate services revenue up 179% to $57.0 million
- Property management revenue grew 15% to $11.1 million
- Commercial real estate brokerage revenue increased 183% to $328,000
- Gross profit rose 110% to $6.0 million
The company expanded its agent network to over 2,500 agents and initiated international expansion into Spain. However, La Rosa reported a net loss of $15.9 million ($0.79 per share) compared to $9.3 million ($1.27 per share) in 2023. The company maintains its 2025 revenue forecast of $100 million and aims to achieve profitability in 2025.
La Rosa Holdings Corp. (NASDAQ: LRHC) ha riportato risultati finanziari solidi per l'anno fiscale 2024, con un fatturato totale in crescita del 119% su base annua, raggiungendo 69,4 milioni di dollari, superando la previsione iniziale di 4,4 milioni di dollari. Il fatturato del quarto trimestre 2024 è aumentato del 55% su base annua, arrivando a 17,7 milioni di dollari.
I principali indicatori di performance includono:
- ricavi dai servizi immobiliari residenziali in aumento del 179%, a 57,0 milioni di dollari
- ricavi dalla gestione immobiliare cresciuti del 15%, a 11,1 milioni di dollari
- ricavi dall’intermediazione immobiliare commerciale aumentati del 183%, a 328.000 dollari
- utile lordo salito del 110%, a 6,0 milioni di dollari
L’azienda ha ampliato la propria rete di agenti superando i 2.500 e ha avviato l’espansione internazionale in Spagna. Tuttavia, La Rosa ha registrato una perdita netta di 15,9 milioni di dollari (0,79 dollari per azione) rispetto ai 9,3 milioni (1,27 dollari per azione) del 2023. La società conferma la previsione di fatturato per il 2025 di 100 milioni di dollari e punta a raggiungere la redditività entro il 2025.
La Rosa Holdings Corp. (NASDAQ: LRHC) reportó sólidos resultados financieros para el año fiscal 2024, con ingresos totales que aumentaron un 119% interanual hasta 69,4 millones de dólares, superando la guía inicial en 4,4 millones de dólares. Los ingresos del cuarto trimestre de 2024 crecieron un 55% interanual, alcanzando los 17,7 millones de dólares.
Las métricas clave incluyen:
- ingresos por servicios inmobiliarios residenciales aumentaron un 179% hasta 57,0 millones de dólares
- ingresos por administración de propiedades crecieron un 15% hasta 11,1 millones de dólares
- ingresos por corretaje inmobiliario comercial aumentaron un 183% hasta 328.000 dólares
- la ganancia bruta subió un 110% hasta 6,0 millones de dólares
La compañía amplió su red de agentes a más de 2.500 y comenzó su expansión internacional en España. Sin embargo, La Rosa reportó una pérdida neta de 15,9 millones de dólares (0,79 dólares por acción) frente a 9,3 millones (1,27 dólares por acción) en 2023. La empresa mantiene su pronóstico de ingresos para 2025 de 100 millones de dólares y aspira a alcanzar la rentabilidad en 2025.
La Rosa Holdings Corp. (NASDAQ: LRHC)는 2024 회계연도에 강력한 재무 실적을 보고했으며, 총 매출은 전년 대비 119% 증가한 6,940만 달러로 초기 예상치를 440만 달러 초과했습니다. 2024년 4분기 매출은 전년 대비 55% 증가한 1,770만 달러를 기록했습니다.
주요 성과 지표는 다음과 같습니다:
- 주거용 부동산 서비스 매출 179% 증가하여 5,700만 달러
- 부동산 관리 매출 15% 증가하여 1,110만 달러
- 상업용 부동산 중개 매출 183% 증가하여 32만 8천 달러
- 총이익 110% 증가하여 600만 달러
회사는 에이전트 네트워크를 2,500명 이상으로 확장했으며 스페인으로 국제 진출을 시작했습니다. 그러나 La Rosa는 2023년 930만 달러(주당 1.27달러)에 비해 1,590만 달러(주당 0.79달러)의 순손실을 보고했습니다. 회사는 2025년 매출 목표 1억 달러를 유지하며 2025년 내 흑자 전환을 목표로 하고 있습니다.
La Rosa Holdings Corp. (NASDAQ : LRHC) a annoncé de solides résultats financiers pour l’exercice 2024, avec un chiffre d’affaires total en hausse de 119 % sur un an, atteignant 69,4 millions de dollars, dépassant les prévisions initiales de 4,4 millions de dollars. Le chiffre d’affaires du quatrième trimestre 2024 a augmenté de 55 % sur un an, atteignant 17,7 millions de dollars.
Les indicateurs clés de performance comprennent :
- revenus des services immobiliers résidentiels en hausse de 179 %, à 57,0 millions de dollars
- revenus de la gestion immobilière en croissance de 15 %, à 11,1 millions de dollars
- revenus de courtage immobilier commercial en hausse de 183 %, à 328 000 dollars
- le bénéfice brut a augmenté de 110 %, à 6,0 millions de dollars
L’entreprise a étendu son réseau d’agents à plus de 2 500 agents et a lancé son expansion internationale en Espagne. Cependant, La Rosa a enregistré une perte nette de 15,9 millions de dollars (0,79 dollar par action) contre 9,3 millions (1,27 dollar par action) en 2023. La société maintient ses prévisions de chiffre d’affaires pour 2025 à 100 millions de dollars et vise la rentabilité en 2025.
La Rosa Holdings Corp. (NASDAQ: LRHC) meldete starke Finanzergebnisse für das Geschäftsjahr 2024, mit einem Gesamtumsatz, der um 119 % im Jahresvergleich auf 69,4 Millionen US-Dollar anstieg und die ursprüngliche Prognose um 4,4 Millionen US-Dollar übertraf. Der Umsatz im vierten Quartal 2024 stieg im Jahresvergleich um 55 % auf 17,7 Millionen US-Dollar.
Wichtige Leistungskennzahlen umfassen:
- Umsatz aus Wohnimmobilien-Dienstleistungen stieg um 179 % auf 57,0 Millionen US-Dollar
- Umsatz aus Immobilienverwaltung wuchs um 15 % auf 11,1 Millionen US-Dollar
- Umsatz aus Gewerbeimmobilienvermittlung stieg um 183 % auf 328.000 US-Dollar
- Bruttogewinn stieg um 110 % auf 6,0 Millionen US-Dollar
Das Unternehmen erweiterte sein Agentennetzwerk auf über 2.500 Agenten und begann mit der internationalen Expansion nach Spanien. Dennoch meldete La Rosa einen Nettoverlust von 15,9 Millionen US-Dollar (0,79 US-Dollar pro Aktie) im Vergleich zu 9,3 Millionen US-Dollar (1,27 US-Dollar pro Aktie) im Jahr 2023. Das Unternehmen hält an seiner Umsatzprognose für 2025 von 100 Millionen US-Dollar fest und strebt an, im Jahr 2025 profitabel zu werden.
- Revenue exceeded guidance by $4.4M and grew 119% YoY to $69.4M
- Residential real estate services revenue up 179% to $57.0M
- Gross profit increased 110% to $6.0M
- Agent network expanded to over 2,500 agents
- International expansion initiated in Spain
- Projected revenue of $100M for 2025
- Net loss increased to $15.9M from $9.3M in 2023
- SG&A costs increased significantly to $11.6M from $4.8M
- Pending Nasdaq compliance issues regarding minimum bid price
- Proposed acquisition remains subject to definitive agreements
Insights
La Rosa Holdings' fiscal 2024 results show impressive top-line growth with
Gross profit increased
The company's expansion strategy is clearly acquisition-driven, with eight completed acquisitions in 2024 contributing
The Nasdaq minimum bid price compliance extension buys crucial time, but investors should monitor this closely given the current
Revenue for the Fourth Quarter of 2024 Increased
Gross Profit Increased
CELEBRATION, Fla., April 16, 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 year ended December 31, 2024.
Key Financial Highlights
- Total revenue increased
119% year-over-year to$69.4 million for the year ended December 31, 2024 from$31.8 million for the year ended December 31, 2023 - Residential real estate services revenue increased
$36.6 million to$57.0 million , or179% , for the year ended December 31, 2024 from$20.5 million for the year ended December 31, 2023 - Property management revenue increased by approximately
$1.4 million to$11.1 million , or15% , for the year ended December 31, 2024 from$9.7 million for the year ended December 31, 2023 - Real Estate Brokerage Services (Commercial) revenue increased by approximately
$212 thousand to$328 thousand , or approx.183% for the year ended December 31, 2024 from$116 thousand for the year ended December 31, 2023 - Gross profit increased by approximately
$3.1 million , or110% , year-over-year, to$6.0 million for the year ended December 31, 2024 from$2.8 million for the year ended December 31, 2023.
Joe La Rosa, CEO of La Rosa, commented, “We are pleased to report a
“We recently started expanding internationally with engagement of an area developer in Spain, unlocking new revenue opportunities and strengthening our global presence. In addition, we introduced LR Agent Advance, a new program that provides our agents with upfront access to pending commissions, supporting their growth while generating an additional recurring revenue stream for the Company.”
Mr. La Rosa continued, “Importantly, Nasdaq has granted us a 180-day extension to comply with the minimum bid price rule, giving us the necessary time to execute our strategic initiatives. We are on track to close our previously announced acquisition of a real estate brokerage firm, which generated
“Looking ahead, we are focused on achieving profitability in 2025 by expanding into new markets, acquiring additional brokerage firms, growing our agent base, and leveraging technology to drive operational efficiencies. We are confident in our strategy to deliver sustainable growth and maximize shareholder value,” concluded Mr. La Rosa.
The closings of the acquisitions mentioned in this press release are subject to, and contingent upon, the parties entering into their respective definitive agreements. There can be no assurances that these acquisitions will be consummated.
Financial Results
Total revenue for the year ended December 31, 2024, 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 Holdings operates 26 corporate-owned brokerage offices across Florida, California, Texas, Georgia, North Carolina, and Puerto Rico. La Rosa Holdings 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 | ||||||||
| December 31, 2024 | December 31, 2023 | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash | $ | 1,442,901 | $ | 959,604 | ||||
| Restricted cash | 2,137,707 | 1,484,223 | ||||||
| Accounts receivable, net of allowance for credit losses of | 931,662 | 826,424 | ||||||
| Other current assets | 1,788 | — | ||||||
| Total current assets | 4,514,058 | 3,270,251 | ||||||
| Noncurrent assets: | ||||||||
| Property and equipment, net | 9,411 | 14,893 | ||||||
| Right-of-use asset, net | 997,715 | 687,570 | ||||||
| Intangible assets, net | 5,840,080 | 4,632,449 | ||||||
| Goodwill | 8,012,331 | 5,702,612 | ||||||
| Other long-term assets | 33,831 | 21,270 | ||||||
| Total noncurrent assets | 14,893,368 | 11,058,794 | ||||||
| Total assets | $ | 19,407,426 | $ | 14,329,045 | ||||
| Liabilities and Stockholders' Equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 2,376,704 | $ | 1,147,073 | ||||
| Accrued expenses | 738,065 | 227,574 | ||||||
| Contract liabilities | 7,747 | — | ||||||
| Line of credit | 148,976 | — | ||||||
| Derivative liability | 1,607,544 | — | ||||||
| Advances on future receipts | 618,681 | 77,042 | ||||||
| Accrued acquisition cash consideration | 381,404 | 300,000 | ||||||
| Notes payable, current | 2,187,673 | 4,400 | ||||||
| Lease liability, current | 473,733 | 340,566 | ||||||
| Total current liabilities | 8,540,527 | 2,096,655 | ||||||
| Noncurrent liabilities: | ||||||||
| Note payable, net of current | 1,475,064 | 615,127 | ||||||
| Security deposits and escrow payable | 2,137,707 | 1,484,223 | ||||||
| Lease liability, noncurrent | 545,759 | 363,029 | ||||||
| Other liabilities | 32,950 | 2,950 | ||||||
| Total non-current liabilities | 4,191,480 | 2,465,329 | ||||||
| Total liabilities | 12,732,007 | 4,561,984 | ||||||
| Commitments and contingencies (Note 13) | ||||||||
| Stockholders' equity: | ||||||||
| Preferred stock - | — | — | ||||||
| Common stock - | 2,185 | 1,341 | ||||||
| Additional paid-in capital | 29,121,589 | 18,016,400 | ||||||
| Accumulated deficit | (26,555,319 | ) | (12,107,756 | ) | ||||
| Total stockholders' equity — La Rosa Holdings Corp. shareholders | 2,568,455 | 5,909,985 | ||||||
| Noncontrolling interest in subsidiaries | 4,106,964 | 3,857,076 | ||||||
| Total stockholders' equity | 6,675,419 | 9,767,061 | ||||||
| Total liabilities and stockholders' equity | $ | 19,407,426 | $ | 14,329,045 | ||||
| La Rosa Holdings Corp. and Subsidiaries | ||||||||
| Consolidated Statements of Operations | ||||||||
| For the Years Ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| Revenue | $ | 69,448,786 | $ | 31,759,404 | ||||
| Cost of revenue | 63,495,507 | 28,918,236 | ||||||
| Gross profit | 5,953,279 | 2,841,168 | ||||||
| Operating expenses: | ||||||||
| Sales and marketing | 1,007,077 | 359,717 | ||||||
| General and administrative | 10,625,551 | 4,473,340 | ||||||
| Stock-based compensation — general and administrative | 4,730,355 | 5,100,474 | ||||||
| Impairment of goodwill | 787,438 | - | ||||||
| Total operating expenses | 17,150,421 | 9,933,531 | ||||||
| Loss from operations | (11,197,142 | ) | (7,092,363 | ) | ||||
| Other income (expense) | ||||||||
| Interest expense, net | (403,397 | ) | (140,382 | ) | ||||
| Loss on extinguishment of debt | (777,558 | ) | - | |||||
| Amortization of debt discount | (649,138 | ) | (1,016,644 | ) | ||||
| Change in fair value of derivative liability | (1,338,506 | ) | 138,985 | |||||
| Other income, net | 15,745 | 286,641 | ||||||
| Loss before provision for income taxes | (14,349,996 | ) | (7,823,763 | ) | ||||
| Benefit from income taxes | — | — | ||||||
| Net loss | (14,349,996 | ) | (7,823,763 | ) | ||||
| Less: Net income (loss) attributable to noncontrolling interests in subsidiaries | 97,567 | (5,326 | ) | |||||
| Net loss after noncontrolling interest in subsidiaries | (14,447,563 | ) | (7,818,437 | ) | ||||
| Less: Deemed dividend | 1,476,044 | 1,472,514 | ||||||
| Net loss attributable to common stockholders | $ | (15,923,607 | ) | $ | (9,290,951 | ) | ||
| Loss per share of common stock attributable to common stockholders | ||||||||
| Basic and diluted | $ | (0.79 | ) | $ | (1.27 | ) | ||
| Weighted average shares used in computing net loss per share of common stock attributable to common stockholders | ||||||||
| Basic and diluted | 20,222,347 | 7,293,033 | ||||||
FAQ
What was La Rosa Holdings (LRHC) revenue growth in fiscal 2024?
How much did LRHC's residential real estate services revenue grow in 2024?
What is La Rosa Holdings' (LRHC) revenue forecast for 2025?
How many agents does La Rosa Holdings (LRHC) currently have in its network?
What was LRHC's net loss for fiscal year 2024?
