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CELEBRATION, FL - La Rosa Holdings Corp. (NASDAQ:LRHC) announced it has exceeded 3,000 real estate agents across its network, according to a company press release issued Thursday. The real estate and PropTech firm also reported preliminary unaudited revenue of approximately $38.4 million for the first half of 2025, representing a 19.4% increase compared to the same period in 2024. According to InvestingPro data, the company has maintained strong top-line momentum with 90.36% revenue growth over the last twelve months, though the stock currently trades at just $0.08 per share, significantly below its Fair Value estimate.
The company operates with a flexible brokerage model that offers agents options including revenue-sharing arrangements and a 100% commission structure with low fees. This approach has helped La Rosa expand its agent base across multiple states, though InvestingPro analysis reveals challenges with an 8.57% gross profit margin and negative EBITDA of -$9.52 million in the last twelve months. InvestingPro subscribers have access to 15+ additional financial insights about LRHC.
"This is a historic moment for La Rosa," said CEO Joe La Rosa in the statement. "Surpassing 3,000 agents is more than just a milestone; in our view, it is a clear validation of the strength of our platform."
La Rosa currently maintains 26 corporate-owned brokerage offices across Florida, California, Texas, Georgia, North Carolina, and Puerto Rico. The company has also begun expansion into Europe, starting with Spain, and operates six franchised offices and three affiliated brokerage locations in the U.S. and Puerto Rico.
The preliminary revenue figures remain subject to customary adjustments, with the company expected to file its complete financial results for the second quarter of 2025 in its upcoming Quarterly Report on Form 10-Q with the SEC.
La Rosa Holdings provides both residential and commercial real estate brokerage services, along with technology products for agents and franchise partners. The company also operates a full-service escrow settlement and title company in Florida.
In other recent news, La Rosa Holdings Corp. has announced several significant developments. The company plans to implement an 80-for-1 reverse stock split effective July 7, 2025, aiming to regain compliance with Nasdaq’s minimum bid price requirement. This move will reduce the number of outstanding shares from approximately 58.3 million to about 729,000. Additionally, La Rosa Holdings has amended the terms of a senior secured convertible note, originally issued in February, to correct certain errors in the note’s definitions. The company has also received a notice from Nasdaq regarding non-compliance due to negative stockholders’ equity, with a deficit reported as of March 31, 2025. La Rosa Holdings has until July 14, 2025, to submit a compliance plan to Nasdaq. Furthermore, the company has signed a non-binding Letter of Intent with MiiX Financial Holdings Trust to integrate residential financing solutions across its network, aiming to enhance real estate transactions. These recent developments highlight La Rosa Holdings’ ongoing efforts to address financial challenges and explore strategic partnerships.
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