Business
La Rosa Holdings Corp. Reports 34% Year-Over-Year Increase in Revenue to $17.5 Million for First Quarter of 2025
Gross Profit Increased 32% Year-Over-Year to $1.5 Million in Q1 2025 Residential Real Estate Services Revenue Increased 39% to $14.3 Million in Q1 2025 vs Q1
About this update from La Rosa Holdings Corp.
[{"type":"text","content":"Gross Profit Increased 32% Year-Over-Year to $1.5 Million in Q1 2025 Residential Real Estate Services Revenue Increased 39% to $14.3 Million in Q1 2025 vs Q1 2024 CELEBRATION, Fla., May 29, 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 first quarter ended March 31, 2025. Key Financial Highlights Total revenue increased 34% year-over-year to $17.5 million for the first quarter ended March 31, 2025 from $13.1 million for the first quarter ended March 31, 2024.Residential real estate services revenue increased by approximately $4.0 million to $14.3 million, or 39%, for the first quarter ended March 31, 2025 from $10.2 million for the first quarter ended March 31, 2024Property management revenue increased by approximately $432 thousand to approximately $3.0 million, or 17%, for the first quarter ended March 31, 2025 from $2.5 million for the first quarter ended March 31, 2024Real Estate Brokerage Services (Commercial) revenue increased by approximately $28 thousand to $57 thousand, or approx. 96% for the first quarter ended March 31, 2025 from $29 thousand for the first quarter ended March 31, 2024Gross profit increased by approximately $376 thousand, or 32%, year-over-year, to $1.5 million for the first quarter ended March 31, 2025 from $1.2 million for the first quarter ended March 31, 2024 Joe La Rosa, CEO of La Rosa, commented, “We are pleased with our strong first quarter 2025 results. Total revenue grew 34% year-over-year to $17.5 million, and gross profit increased 32% to $1.5 million. We believe that achieving this level of growth during a seasonally slower period reflects the strength of our platform and the disciplined execution of our organic growth strategy. As of April 30, 2025, our agent network has grown to over 2,800 agents nationwide. This growth has been entirely organic, as we have chosen to focus on strengthening our core operations rather than pursuing acquisitions. While our growth strategy remains rooted in organic expansion, it is also supported by real estate brokerage franchisees that enhance our geographic reach and operational scale. Residential real estate services revenue increased by 39% as compared to the same quarter of 2024, property manag...