La Rosa Holdings Corp. reported on May 29, 2025, that total revenue for the first quarter ended March 31, 2025, increased by 34% year-over-year to $17.5 million, compared to $13.1 million in Q1 2024. Gross profit also grew by 32% to $1.5 million.
Residential real estate services revenue increased by 39% to $14.3 million, and the agent network expanded to over 2,800 agents as of April 30, 2025. This growth was attributed to the strength of the company's platform and organic expansion strategy.
However, the net loss for Q1 2025 widened dramatically to $95.9 million, or $(5.86) per share, compared to a net loss of $4.8 million, or $(0.35) per share, in Q1 2024. This significant increase was primarily driven by non-cash, one-time items, including a $128.8 million loss on the issuance of a senior secured convertible note, partially offset by a $37.1 million gain on the fair value of the convertible note and warrants.
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