Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 281

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 2
Chunk 281
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 markets. We believe that our focus on the interaction between our human
agents and their clients is a strong weapon against internet-only commodity websites and the low touch discount brokerages. Our agent
count continues to grow organically and through acquisition, we attribute our organic growth to the positive culture created in our Company
and the competitive plans that we offer our agents. By creating a custom solution and a unique experience, we believe that our agents
are able to guide their clients seamlessly through what may be their most expensive lifetime purchase.

On
October 12, 2023, we consummated our IPO. Following our IPO, during the fiscal year ended December 31, 2023, we acquired majority
ownership of the following franchisees of the Company: Nona Legacy Powered By La Rosa Realty, Inc. (formerly, La Rosa Realty Lake
Nona Inc.), Horeb Kissimmee Realty, LLC, La Rosa Realty Premier, LLC, La Rosa Realty Orlando, LLC, and 100% ownership of the
following franchisees of the Company: La Rosa CW Properties, LLC and La Rosa Realty North Florida LLC. In December 2023, we also
formed our majority owned subsidiary La Rosa Realty Texas LLC.  During the fiscal year ended December 31, 2024, we acquired
majority ownership of the following franchisees and affiliates of the Company: La Rosa Realty Georgia LLC, La Rosa Realty
California, La Rosa Realty Lakeland LLC DBA La Rosa Realty Prestige, and La Rosa Realty Success LLC, and 100% ownership of La Rosa
Realty Winter Garden LLC, BF Prime LLC, Nona Title Agency LLC, La Rosa Realty Beaches LLC, and Baxpi Holdings LLC. Additionally, we
acquired the remaining non-controlling interest portions of Nona Legacy Powered By La Rosa Realty, Inc. (formerly, La Rosa Realty
Lake Nona Inc.) and La Rosa Realty Premier, LLC, making them both 100% owned entities.

In
December 2024, the Company opened its first office and wholly owned subsidiary in North Carolina, La Rosa Realty NC LLC. In January 2025,
the Company formed LR Luxury, LLC, engaged mostly in the residential real estate brokerage business. In April 2025, the Company
formed LR Agent Advance, LLC, offering a commission advancement program exclusively for La Rosa agents. In 2025, we also formed LR Realty
Spain, S.L., our wholly owned subsidiary in Spain.

We
continuously