Business
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
Revenue for the Fourth Quarter of 2024 Increased 55% Year-Over-Year to $17.7 Million Gross Profit Increased 110% Year-Over-Year to $6.0 Million in 2024 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 fo
About this update from La Rosa Holdings Corp.
[{"type":"image","alt":"La Rosa Holdings Corp.","displaySize":"","headline":null,"caption":"La Rosa Holdings Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":206,"height":57,"url":"https://media.zenfs.com/en/globenewswire.com/192a61709a202c672f09e753c527336d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/aSqM.OosmRpQH1Mb4mRSHw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTEwMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/192a61709a202c672f09e753c527336d","width":206,"height":57}},"lazy":false},{"type":"text","content":"Revenue for the Fourth Quarter of 2024 Increased 55% Year-Over-Year to $17.7 Million","length":84,"tagName":"p"},{"type":"text","content":"Gross Profit Increased 110% Year-Over-Year to $6.0 Million in 2024","length":66,"tagName":"p"},{"type":"text","content":"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.","length":264,"tagName":"p"},{"type":"text","content":"Key Financial Highlights","length":24,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"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","length":153,"tagName":"p"}]},{"val":[{"type":"text","content":"Residential real estate services revenue increased $36.6 million to $57.0 million, or 179%, for the year ended December 31, 2024 from $20.5 million for the year ended December 31, 2023","length":184,"tagName":"p"}]},{"val":[{"type":"text","content":"Property management revenue increased by approximately $1.4 million to $11.1 million, or 15%, for the year ended December 31, 2024 from $9.7 million for the year ended December 31, 2023","length":185,"tagName":"p"}]},{"val":[{"type":"text","content":"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","length":219,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit increased by approximately $3.1 million, or 110%, year-over-year, to $6.0 million for the year ended December 31, 2024 from $2....