La Rosa Holdings reports fiscal 2025 revenue of $68.5M
La Rosa Holdings (NASDAQ:LRHC) has released its financial results for the fiscal year ended December 31, 2025, reporting a 17% year-over-year increase in total revenue to $68.5 million.
The growth was primarily driven by the company’s residential real estate services segment, which contributed $66.5 million, a 17% increase from the prior year.
Gross profit for the period rose by 17% to $7 million, and the company reported unrestricted cash of $3.1 million as of year-end.
The 2025 report includes restated financial statements for the 2024 fiscal year following an internal review of revenue recognition practices.
The adjustment relates to property management fees that were previously recorded on a gross basis; management determined that under FASB ASC 606, the company acted as an agent rather than a principal for these arrangements.
While the restatement reduced previously reported 2024 revenue by $10.8 million (a non-cash adjustment), it had no impact on gross profit, net income, or cash flow.
In conjunction with the restatement, management identified material weaknesses in the company’s internal control over financial reporting, concluding that internal controls and disclosure procedures were not effective as of December 31, 2024.
The company has stated it is implementing remediation measures to address these deficiencies.
Concurrent with its operational updates, La Rosa is pursuing a significant strategic transition.
The company has entered into a non-binding letter of intent (LOI) to acquire Consensus Core Technologies, a provider of infrastructure solutions for artificial intelligence and high-performance computing.
The proposed transaction is structured as an all-equity exchange, with no cash consideration involved.
If completed, the acquisition is intended to position La Rosa within the AI infrastructure ecosystem, leveraging Consensus’s focus on GPU cloud platforms and data centers.
The company has also initiated efforts to develop Tier III AI data center capacity in Florida, marking a shift toward digital infrastructure as a core component of its future growth strategy.