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NEWS
La Rosa Holdings Reports 155% Year-Over-Year Increase in Revenue to $51.7 Million for the First 9 Months of 2024; Surpassing Initial Revenue Guidance by Approximately $6.7 Million
La Rosa Holdings reported strong revenue growth in Q3 2024, with total revenue increasing 188% year-over-year to $19.6 million. For the first nine months of 2024, revenue grew 155% to $51.7 million, surpassing initial guidance by $6.7 million. The company's residential real estate services saw significant growth, up 328% to $16.5 million in Q3. Key achievements include acquiring seven real estate brokerage franchisees, completing the acquisition of Nona Title Agency, and onboarding over 400 agents since June 2024. The company is targeting a $100 million annualized revenue run rate by end of 2024. However, net loss increased to $3.4 million in Q3 2024 compared to $344,000 in Q3 2023.
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