Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 564

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 564
---
, “Basis of
Presentation and Summary of Significant Accounting Policies” of the Notes to the consolidated financial statements in Part II, Item
8 of this Form 10-K. 

Results of Operations

Revenue

    Year Ended December 31,  
    Change 

    2024  
    2023  
    $  
    % 
  
    Real Estate Brokerage Services (Residential) 
    $57,024,911  
    $20,450,348  
    $36,574,563  
     179%
  
    Franchising Services 
     329,069  
     883,606  
     (554,537) 
     -63%
  
    Coaching Services 
     568,516  
     628,846  
     (60,330) 
     -10%
  
    Property Management 
     11,115,368  
     9,680,688  
     1,434,680  
     15%
  
    Real Estate Brokerage Services (Commercial) 
     327,912  
     115,916  
     211,996  
     183%
  
    Title Settlement and Insurance 
     83,010  
     -  
     83,010  
     N/A 
  
    Total Revenue 
    $69,448,786  
    $31,759,404  
    $37,689,382  
     119%

Real Estate Brokerage Services (Residential)

Residential real estate services
revenue increased $36.574 million, or 179%, in the year ended December 31, 2024 against the comparable prior year period. The increase
was driven by $9.789 million of revenue from the seven acquisitions completed during fiscal year 2024, in addition the increase was due
to a full year of income from the six acquired companies in 2023 of $27.166 million. Also, we received a full year of revenue from the
increased transaction fee, monthly agent fee, and annual fee effective September 1, 2023.

Franchising Services

Franchising services
revenue decreased $554 thousand, or 63%, in the year ended December 31, 2024 against the comparable prior year period. The decrease
is primarily attributable to the six franchise acquisitions completed in the fourth quarter