L
a Rosa Holdings Corp. (NASDAQ: LRHC) reported a 34% year-over-year increase in total revenue to $17.5 million for the first quarter ended March 31, 2025. Residential real estate services revenue surged 39% to $14.3 million, while property management revenue rose 17% to $3.0 million. Gross profit increased by 32% to $1.5 million year-over-year.
"We are pleased with our strong first quarter 2025 results," said Joe La Rosa, CEO of La Rosa Holdings Corp. "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."
The company's agent network has grown to over 2,800 agents nationwide as of April 30, 2025, with all growth being organic. La Rosa remains focused on scaling high-performing offices, supporting agent success, and advancing its national and international expansion strategy.
Financial highlights for the first quarter ended March 31, 2025 include:
* Total revenue: $17.5 million (34% increase year-over-year)
* Residential real estate services revenue: $14.3 million (39% increase year-over-year)
* Property management revenue: $3.0 million (17% increase year-over-year)
* Gross profit: $1.5 million (32% increase year-over-year)
Net loss was $95.9 million, or $(5.86) basic and diluted loss per share, for the first quarter ended March 31, 2025, compared to net loss of $4.8 million, or $(0.35) basic and diluted loss per share, for the first quarter ended March 31, 2024.
La Rosa Holdings Corp. is a real estate and PropTech company transforming the industry by providing agents with flexible compensation options and equipping them with proprietary technology platforms to deliver exceptional service. The company operates 26 corporate-owned brokerage offices across several states and has recently expanded into Europe, starting with Spain.
