La Rosa Holdings Corp. Files Q2 2025 10-Q

TL;DR

La Rosa Holdings Corp. filed its 10-Q for Q2 2025, showing operational status for real estate agents & managers.

AI Summary

La Rosa Holdings Corp. filed its quarterly report for the period ending June 30, 2025. The company, incorporated in Nevada, operates in the real estate agents & managers sector. Its principal executive offices are located in Celebration, Florida.

Why It Matters

This filing provides investors with an update on La Rosa Holdings Corp.'s financial performance and operational status for the second quarter of 2025.

Risk Assessment

Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant new information presented in the provided snippet.

Key Numbers

• 20250630 — Quarter End Date (Indicates the end of the reporting period.)
• 20250818 — Filing Date (Date the report was submitted to the SEC.)

Key Players & Entities

• La Rosa Holdings Corp. (company) — Registrant
• June 30, 2025 (date) — Quarterly period end date
• Nevada (jurisdiction) — State of incorporation
• Celebration, Florida (location) — Principal executive offices
• 001-41588 (identifier) — Commission File Number

FAQ

Key Financial Figures

• $0.0001 — 3,918 shares of common stock, par value $0.0001 per share, outstanding. TABLE OF CONTE

Filing Documents

• ea0252386-10q_larosa.htm (10-Q) — 1320KB
• ea025238601ex31-1_larosa.htm (EX-31.1) — 12KB
• ea025238601ex31-2_larosa.htm (EX-31.2) — 11KB
• ea025238601ex32-1_larosa.htm (EX-32.1) — 5KB
• ea025238601ex32-2_larosa.htm (EX-32.2) — 4KB
• 0001213900-25-078012.txt ( ) — 8652KB
• lrhc-20250630.xsd (EX-101.SCH) — 92KB
• lrhc-20250630_cal.xml (EX-101.CAL) — 58KB
• lrhc-20250630_def.xml (EX-101.DEF) — 414KB
• lrhc-20250630_lab.xml (EX-101.LAB) — 796KB
• lrhc-20250630_pre.xml (EX-101.PRE) — 440KB
• ea0252386-10q_larosa_htm.xml (XML) — 1100KB

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 1 CONDENSED CONSOLIDATED BALANCE SHEETS AT JUNE 30, 2025 (UNAUDITED) AND DECEMBER 31, 2024 1 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE-MONTHS AND SIX-MONTHS ENDED JUNE 30, 2025 AND 2024 (UNAUDITED) 2 CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) FOR THE THREE-MONTHS AND SIX-MONTHS ENDED JUNE 30, 2025 AND 2024 (UNAUDITED) 3 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX-MONTHS ENDED JUNE 30, 2025 AND 2024 (UNAUDITED) 5 NOTES TO CONDENSED CONSOLIDATED FINANCIAL 6 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 29 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 43 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 43 PART II. OTHER INFORMATION 44 ITEM 1.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 4 4 ITEM 1A.

RISK FACTORS

RISK FACTORS 44 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS, AND ISSUER PURCHASES OF EQUITY SECURITIES 45 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 45 ITEM 4. MINE SAFETY DISCLOSURES 45 ITEM 5. OTHER INFORMATION 45 ITEM 6. EXHIBITS 46

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

CONDENSED CONSOLIDATED

ITEM 1. CONDENSED CONSOLIDATED

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS La Rosa Holdings Corp. and Subsidiaries Condensed Consolidated Balance Sheets June 30, 2025 December 31, 2024 (unaudited) (audited) Assets Current assets: Cash $ 5,095,257 $ 1,442,901 Restricted cash 1,965,804 2,137,707 Accounts receivable, net of allowance for credit losses of $ 325,627 and $ 166,504 , respectively 1,208,048 931,662 Other current assets 73,792 1,788 Total current assets 8,342,901 4,514,058 Noncurrent assets: Property and equipment, net 7,663 9,411 Right-of-use asset, net 1,082,948 997,715 Intangible assets, net 5,423,815 5,840,080 Goodwill 8,012,331 8,012,331 Other long-term assets 37,959 33,831 Total noncurrent assets 14,564,716 14,893,368 Total assets $ 22,907,617 $ 19,407,426 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 2,451,504 $ 2,376,704 Accrued expenses 649,421 738,065 Contract liabilities 134,121 7,747 Line of credit 2,332 148,976 Derivative liability — 1,607,544 Advances on future receipts — 618,681 Accrued acquisition cash consideration 140,000 381,404 Notes payable, current 148,757 2,187,673 Lease liability, current 407,905 473,733 Total current liabilities 3,934,040 8,540,527 Noncurrent liabilities: Note payable, net of current 8,697,337 1,475,064 Security deposits and escrow payable 1,965,804 2,137,707 Lease liability, noncurrent 711,687 545,759 Other liabilities 2,950 32,950 Total non-current liabilities 11,377,778 4,191,480 Total liabilities 15,311,818 12,732,007 Commitments and contingencies (Note 6) Stockholders' equity: Preferred stock - $ 0.0001 par value; 50,000,000 shares authorized; 2,000 Series X shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively — — Preferred stock - $ 0.0001 par value; 6,000 shares authorized; 6,000 Series B shares issued and outstanding at June 30, 2025. 1 — Common stock - $ 0

financial statements

financial statements. 4 La Rosa Holdings Corp. and Subsidiaries Condensed Consolidated Statement of Cash Flows (unaudited) For the Six Months Ended June 30, 2025 2024 Cash Flows from Operating Activities: Net loss $ ( 17,235,781 ) $ ( 6,931,211 ) Adjustments to reconcile net loss to net cash used in operating activities: Stock-based compensation 2,422,308 3,665,110 Loss on issuance of senior secured convertible note and warrants 128,836,250 — Change on fair value of convertible note and warrants ( 31,830,000 ) — Gain on settlement of incremental warrants ( 82,299,000 ) — Amortization and depreciation 418,013 440,343 Amortization of right-of-use assets 306,975 211,566 Change in fair value of derivatives ( 899,874 ) 88,100 Amortization of debt discount and financing fees 63,160 320,104 Gain on extinguishment of debt ( 3,961,075 ) — Non-cash interest expense ( 3,848 ) 90,922 Allowance for credit losses 159,123 43,139 Changes in Operating Assets and Liabilities: Accounts receivable ( 435,509 ) ( 103,358 ) Other assets ( 76,132 ) 5,354 Accounts payable 74,800 626,100 Accrued expenses ( 84,797 ) 13,691 Contract liabilities 126,374 120,766 Security deposits and escrow payable ( 171,903 ) 282,884 Operating lease liabilities ( 292,108 ) ( 214,879 ) Net Cash Used in Operating Activities ( 4,883,024 ) ( 1,341,369 ) Cash Flows from Investing Activities: Cash acquired through acquisition of businesses — 71,718 Net Cash Provided by Investing Activities — 71,718 Cash Flows from Financing Activities: Borrowings on bank line of credit 6,873 147,881 Payments on bank line of credit ( 153,517 ) ( 147,881 ) Proceeds from notes payable 3,408,585 2,250,200 Payments deferred debt issuance costs ( 138,895 ) ( 326,879 ) Payments on notes payable ( 74,909 ) ( 2,834 ) Proceeds from advances on future receipts — 500,000 Payments on advances on future receipts (

Financial Statements

Financial Statements Note 1 — Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated

financial statements of La Rosa Holdings Corp. (the "Company") have been prepared in accordance with the instructions to

financial statements of La Rosa Holdings Corp. (the "Company") have been prepared in accordance with the instructions to Form 10-Q and Regulation S-X and do not include all the information and disclosures required by accounting principles generally accepted in the United States of America ("GAAP"). The Company has made estimates and judgements affecting the amounts reported in the Company's condensed consolidated financial statements and the accompanying notes. The actual results experienced by the Company may differ materially from the Company's estimates. The condensed consolidated financial information is unaudited and reflects all normal adjustments that are, in the opinion of management, necessary to provide a fair statement of results for the interim periods presented, which contemplate continuation of the Company as a going concern and realization of assets and satisfaction of liabilities in the normal course of business and do not include any adjustments that might result from the outcome of any uncertainties related to the Company's going concern assessment. The carrying amounts of assets and liabilities presented in the unaudited condensed consolidated

financial statements do not necessarily purport to represent realizable or settlement values

financial statements do not necessarily purport to represent realizable or settlement values. The unaudited condensed consolidated financial the Company has a controlling financial interest. All intercompany transactions and balances have been eliminated. Business combinations consummated during the reporting period are reflected in the Company's results effective from the date of acquisition through the end of the reporting period. Results of the three-month and six-month periods ended June 30, 2025 are not necessarily indicative of the results to be expected for the full year ending December 31, 2025. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements for the Company as of and for the year ended December 31, 2024, included in the Company's Annual Report on Form 10-K. The condensed consolidated balance sheet as of December 31, 2024 was derived from the Company's audited financial statements referred to above. Stock Split On July 7, 2025, the Company effected a 1-for-80 reverse stock split of the shares of the Company's common stock, par value $ 0.0001 per share (the "Reverse Stock Split"). The Reverse Stock Split reduced the number of shares of common stock of the Company outstanding from 58,323,795 shares to 729,113 shares, when considering the rounding up to the nearest whole share adjustments. The number of authorized shares of common stock of the Company under its Articles of Incorporation remained unchanged at 2,050,000,000 shares and the par value of the common stock remained $ 0.0001 per share. See Note 11 – Subsequent Events for more information. As a result of the Reverse Stock Split, all historical share and per share amounts disclosed in the unaudited condensed consolidated financial statements have been converted to the post-split share amou

Financial Statements

Financial Statements The Company is subject to the risks and challenges associated with companies at a similar stage of development. These include dependence on key individuals, successful development and marketing of its offerings, and competition with larger companies with greater financial, technical, and marketing resources. Furthermore, during the period required to achieve substantially higher revenue in order to become profitable, the Company will require additional funds that might not be readily available or might not be on terms that are acceptable to the Company. Until such time that the Company fully implements its growth strategy, it expects to continue to generate operating losses in the foreseeable future, mostly due to corporate overhead and costs of being a public company. As such, the Company anticipates that its existing working capital, including cash on hand, and cash generated from operations, will not be sufficient to meet projected operating expenses through at least the next twelve months from the issuance of these condensed consolidated financial statements. The Company will be required to raise additional capital to service its debt and to fund ongoing operations. The Company has incurred recurring net losses, and the Company's operations have not provided net-positive cash flows. In view of these matters, there is substantial doubt about the Company's ability to continue as a going concern. The Company plans on continuing to expand via acquisitions, which will help achieve future profitability. Additionally, the Company has plans to raise capital from outside investors, as it has done in the past, to fund operating losses and to provide capital for further business acquisitions. There can be no assurance the Company can successfully raise the capital needed. Fair Value Option of Accounting The Company has elected the fair value option under Accounting Standards Codification 825-10, Financial Instruments ("ASC 825"), to measure its S

Financial Statements

Financial Statements To date, the assets acquired and liabilities assumed in the Company's business combinations have primarily consisted of goodwill and finite-lived intangible assets, consisting primarily of franchise agreements, agent relationships, real estate listings, non-compete agreements,

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View this 10-Q filing on SEC EDGAR