Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1876

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1876
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(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 of fiscal year 2023 and the six
franchise acquisitions during fiscal year 2024, which no longer contribute to franchising royalty fees. These fees would have
totaled $658 thousand for the year ended December 31, 2024. Our remaining franchisees saw a slight increase in revenue due to market
conditions in our residential services stabilizing in 2024, which partially offset the decline in franchising royalty fee
revenue. Franchising royalties would be expected to decline as the acquisition of additional franchises continues.

Coaching Services

Coaching services revenue
declined slightly by $60 thousand during the year ended December 31, 2024 against the comparable prior year period