La Rosa Holdings Announces 2024 Revenue Restatement; Confirms No Impact to Gross Profit, Net Income or Cash Flow
La Rosa Holdings Corp. announced a non-cash restatement of its 2024 revenue due to ASC 606 Gross vs. Net calculation adjustments, reducing revenue by $10.8 million. The restatement has no impact on the Company's gross profit, net income, or cash flows.
La Rosa Holdings Corp. (NASDAQ: LRHC) announced a non-cash restatement of its previously reported revenue for fiscal 2024. The Company adjusted its revenue to $58.6 million to properly reflect certain property management fee revenues generated by La Rosa Property Management, LLC. Preliminary unaudited revenue increased 17% year-over-year to $68.6 million in 2025. The restatement has no impact on the Company's gross profit, operating income, net income, shareholders' equity, or cash flows. La Rosa continues to deliver strong growth and is progressing with its acquisition of Consensus Core Technologies, a provider of critical infrastructure solutions for artificial intelligence and high-performance computing.
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