La Rosa Holdings Corp. saw a 119% increase in revenue for 2024
From GlobeNewswire: 2025-04-16 08:00:00
La Rosa Holdings Corp. reported a 55% increase in revenue for Q4 2024, reaching $17.7 million, and a 110% increase in gross profit to $6.0 million. Total revenue for 2024 soared by 119% to $69.4 million, driven by growth in residential real estate services, property management, and real estate brokerage services.
CEO Joe La Rosa expressed satisfaction with the company’s performance, highlighting a 119% revenue increase in 2024 and a 55% increase in Q4 2024 compared to the previous year. La Rosa’s strategic acquisitions and agent network growth contributed to a 110% increase in gross profit to $6.0 million.
La Rosa is expanding internationally with an area developer in Spain and introducing LR Agent Advance program for agents. Nasdaq granted a 180-day extension for compliance, allowing time for strategic initiatives. The company remains on track with acquisitions and maintains a revenue forecast of $100 million for 2025.
In 2024, La Rosa saw total revenue of $69.4 million, up from $31.8 million in 2023, with a net loss of $15.9 million. The company focused on integrating acquisitions, driving growth, and improving operational efficiency to achieve profitability in 2025.
La Rosa Holdings Corp. offers flexible compensation options for agents and aims to equip them with technology-driven tools. With operations in multiple states and Puerto Rico, the company operates in residential and commercial real estate brokerage, franchising, education, coaching, and property management.
The company’s balance sheet for December 31, 2024, shows total assets of $19.4 million and total liabilities of $12.7 million. The consolidated statement of operations for 2024 reports revenue of $69.4 million, gross profit of $5.9 million, and a net loss of $14.3 million attributed to common stockholders.
Read more at GlobeNewswire:: La Rosa Holdings Corp. Reports 119% Year-Over-Year Increase