La Rosa Holdings restates 2024 revenue to $58.6 million
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La Rosa Holdings Announces 2024 Revenue Restatement; Confirms No Impact to Gross Profit, Net Income or Cash Flow
April 27, 2026 8:30 AM EDTCelebration, FL, April 27, 2026 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (La Rosa or the Company), a real estate and PropTech enterprise, today announced a non-cash restatement of its previously reported revenue for fiscal 2024.
The Company determined that its previously issued audited consolidated financial statements for the years ended December 31, 2024 should be revised due to the calculation of ASC 606 Gross vs. Net, with revenue adjusted to $58.6 million to properly reflect certain property management fee revenues generated by La Rosa Property Management, LLC. These adjustments reduce overall revenue by $10.8 million and cost of sale while... More
