olivLaw · US equity research
La Rosa Holdings Corp. LRHC
Real Estate Agents & Managers (For Others) · SIC 6531 · Vertical: Real Estate Agents & Managers (For Others) (SIC 6531)
La Rosa Holdings Corp. is a real estate and PropTech company running residential and commercial brokerage under the La Rosa Realty brand, with franchising, agent coaching and property management services. In the first half of 2026 revenue fell to 28.6 million USD, while gross margin rose and the net loss narrowed to 15.6 million USD. The company still depends on financing and on the evolution of the US residential market.
At the close of 23 Oct 2026, La Rosa Holdings Corp. (LRHC) stock was 0.43 USD (−0.23% on the day), with beta 0.17, 52-week range 0.43–624.00 USD. Latest reported quarter (Q2 2026): revenue of 15.1 m USD (−25.6% YoY), net income of -2.2 m USD (−102.8% YoY), diluted EPS -1.66 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 30.0
- weak (30–45)
- Bollinger (20, 2)
- -0.03 – 2.56
- in the lower half of the band · %B 0.18 · band width 204.4%
- SMA 50 / 200
- 1.36 / 8.53
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.37 / -0.27
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −84.0% | −1.1% | −82.9 pp | — |
| 3 months | −56.3% | −0.5% | −55.8 pp | — |
| 6 months | −80.5% | +4.4% | −84.9 pp | — |
| Year to date | −99.3% | +12.3% | −111.6 pp | — |
| 1 year | −99.9% | +13.5% | −113.5 pp | −16.3% |
| 3 years | unavailable | +76.4% | unavailable | −14.1% |
| 5 years | unavailable | +63.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16.8 m | 14.8 m | 14.6 m | 20.2 m | 17.2 m | 16.4 m | 13.6 m | 15.1 m |
| Cost of revenue | 15.2 m | 13.3 m | 13.1 m | 18.4 m | 15.5 m | 14.6 m | 11.6 m | 13.3 m |
| Gross profit | 1.6 m | 1.6 m | 1.5 m | 1.9 m | 1.7 m | 1.9 m | 2.0 m | 1.7 m |
| Operating income | -1.7 m | -3.0 m | -4.7 m | -2.5 m | -5.0 m | -8.2 m | -2.5 m | -1.7 m |
| Depreciation & amortisation | 285.5 k ≈ | 293.1 k | 230.0 k | 188.0 k ≈ | 167.7 k ≈ | 102.0 k | 104.9 k | 104.9 k ≈ |
| Interest expense | 98.6 k | 206.0 k | 24.3 k | 182.8 k | 154.2 k | -605.2 k | 5.8 k | 436 |
| Pre-tax income | -2.4 m | -5.0 m | -95.7 m | 78.5 m | -5.5 m | -7.6 m | -13.5 m | -2.2 m |
| Income tax | — | — | 0 | 0 | — | — | 0 | 0 |
| Net income | -2.5 m | -5.1 m | -95.7 m | 78.4 m | -5.5 m | -7.7 m | -13.5 m | -2.2 m |
| Diluted EPS | -16.49 | — | -5.86 | 1,525.16 | -5.44 | — | -72.03 | -1.66 |
| Operating cash flow | -591.6 k ≈ | -1.1 m | -3.5 m | -1.4 m ≈ | -1.3 m ≈ | -1.3 m | -1.8 m | -901.6 k ≈ |
| Capex | — | 0 | — | — | — | — | — | — |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2022 | 2023 | ⚠ 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 26.2 m | 31.8 m | 58.7 m | 68.5 m |
| Revenue YoY | unavailable | +21.2% | — | +16.7% |
| Net income | -2.3 m | -7.8 m | -14.4 m | -30.5 m |
| Net income YoY | unavailable | unavailable | — | unavailable |
| Diluted EPS | -0.39 | -1.27 | -7,844.00 | -3,531.00 |
| Diluted EPS YoY | unavailable | unavailable | — | unavailable |
| net % | -8.9% | -24.6% | -24.6% | -44.6% |
| Free cash flow | unavailable | unavailable | -3.0 m | unavailable |
The series breaks before 2024: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 3.1 m USD
- Financial debt
- 7.1 m USD
- Net debt
- 4.1 m USD
- Equity
- -1.8 m USD
- Total assets
- 13.4 m USD
- Debt / equity
- unavailable
- Current ratio
- 1.10x
- ROE
- unavailable
- ROA
- -186.0%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | 26.2 m | 31.8 m | 58.7 m | 68.5 m | SEC (XBRL)· 04 Jun 2026verified |
| Cost of revenue | 23.7 m | 28.9 m | 52.7 m | 61.5 m | SEC (XBRL)· 04 Jun 2026verified |
| Gross profit | 2.5 m | 2.8 m | 6.0 m | 7.0 m | SEC (XBRL)· 04 Jun 2026verified |
| Operating income | -2.0 m | -7.1 m | -11.2 m | -20.3 m | SEC (XBRL)· 04 Jun 2026verified |
| Depreciation & amortisation | — | 73.1 k | 1.0 m | 687.7 k | SEC (XBRL)· 04 Jun 2026verified |
| EBITDA | — | -7.0 m ≈ | -10.2 m ≈ | -19.6 m ≈ | SEC (XBRL)· 04 Jun 2026derived |
| Interest expense | 144.3 k | 140.4 k | 403.4 k | -243.8 k | SEC (XBRL)· 04 Jun 2026verified |
| Pre-tax income | -2.5 m | -7.8 m | -14.3 m | -30.4 m | SEC (XBRL)· 04 Jun 2026verified |
| Income tax | -150.0 k | — | — | — | SEC (XBRL)· 16 Apr 2024verified |
| Net income | -2.3 m | -7.8 m | -14.4 m | -30.5 m | SEC (XBRL)· 04 Jun 2026verified |
| Diluted EPS | -0.39 | -1.27 | -7,844.00 | -3,531.00 | SEC (XBRL)· 04 Jun 2026verified |
| Weighted average diluted shares | 6.0 m | 7.3 m | 2.0 k | 9.3 k | SEC (XBRL)· 04 Jun 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 118.6 k | 959.6 k | 1.4 m | 3.1 m | SEC (XBRL)· 04 Jun 2026verified |
| Receivables | 424.5 k | 826.4 k | 931.7 k | 1.3 m | SEC (XBRL)· 04 Jun 2026verified |
| Current assets | 2.0 m | 3.3 m | 4.1 m | 6.1 m | SEC (XBRL)· 04 Jun 2026verified |
| Property, plant & equipment, net | — | 14.9 k | 9.4 k | 6.1 k | SEC (XBRL)· 04 Jun 2026verified |
| Goodwill | — | 5.7 m | 8.0 m | 1.8 m | SEC (XBRL)· 04 Jun 2026verified |
| Intangibles (excl. goodwill) | — | 4.6 m | 5.8 m | 4.4 m | SEC (XBRL)· 04 Jun 2026verified |
| Total assets | 3.9 m | 14.3 m | 19.4 m | 13.4 m | SEC (XBRL)· 04 Jun 2026verified |
| Accounts payable | 1.5 m | 1.1 m | 2.4 m | 2.9 m | SEC (XBRL)· 04 Jun 2026verified |
| Long-term debt | — | 619.5 k | 647.6 k | 7.1 m | SEC (XBRL)· 31 Jul 2026verified |
| Current liabilities | 4.6 m | 2.1 m | 10.3 m | 5.6 m | SEC (XBRL)· 04 Jun 2026verified |
| Total liabilities | 6.8 m | 4.6 m | 12.7 m | 13.3 m | SEC (XBRL)· 04 Jun 2026verified |
| Equity | -2.9 m | 9.8 m | 6.7 m | -1.8 m | SEC (XBRL)· 04 Jun 2026verified |
Cash flow · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Operating cash flow | -1.2 m | -1.9 m | -3.0 m | -7.5 m | SEC (XBRL)· 04 Jun 2026verified |
| Capex | — | — | 5.0 k | — | SEC (XBRL)· 15 Apr 2025verified |
| Free cash flow | — | — | -3.0 m ≈ | — | SEC (XBRL)· 15 Apr 2025derived |
| Investing cash flow | — | -141.7 k | -68.6 k | — | SEC (XBRL)· 15 Apr 2025verified |
| Financing cash flow | 1.1 m | 3.0 m | 4.2 m | 8.9 m | SEC (XBRL)· 04 Jun 2026verified |
| Dividends paid | 229.5 k | — | — | — | SEC (XBRL)· 16 Apr 2024verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Market and valuation
9 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 3 of at least 6
- score weight coverage: 30.4% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
23 Oct 2026Source: olivLaw, closing series
Market cap: unavailable
The price is older than the freshness threshold; market indicators are unavailable.
Key indicators
Coverage and freshness
Score by group
30% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- Net asset value (NAV)unavailable · input data missing
- Dividend discount (DDM)unavailable · input data missing
- Peers: P/Bunavailable · the base of the ratio is not positive
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 30.4% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | unavailable | unavailable | — |
| EBITDA margin · Quality | -27.1% | 0 (on a fixed band) | 29% |
| Revenue CAGR 3Y · Growth | 37.8% | 100 (on a fixed band) | 29% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -39.1x | 0 (on a fixed band) | 43% |
| P/B · Valuation | unavailable | unavailable | — |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| Dividend yield · Returns | unavailable | unavailable | — |
| Payout ratio (EPS) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial0/100 · 1/2 factors with a value
- Growth100/100 · 1/1 factors with a value
- Quality· partial0/100 · 1/2 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Stratum Holdings Corp. (LRHC). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 68.5 m USD in 2025; YoY growth 16.7%; net margin -46.4%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 30.4% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 37.8%
What contradicts it
- EBITDA margin: -27.1%
- Interest coverage: -39.1x
Not assessed (insufficient data or a ratio without meaning): ROE, Net debt / EBITDA, P/B, P/E (TTM), Dividend yield, Payout ratio (EPS).
Versus the vertical median
Real Estate Agents & Managers (For Others) (SIC 6531) · same industry (4-digit SIC) · compared with 14 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| JLLJones Lang LaSalle Incorporated | 17.8 bn | 16.9 | 14.7% | 3.9% | +11.4% | +20% / +151% |
| COMPCompass, Inc. | 7.6 bn | 180.8 | 3.6% | 0.6% | +23.7% | −4% / +352% |
| VACMarriott Vacations Worldwide Corp | 3.9 bn | — | -10.9% | -4.7% | +1.3% | +110% / +57% |
| OPENOpendoor Technologies Inc. | 1.9 bn | — | -196.9% | -46.7% | −15.2% | −74% / −34% |
| MMIMarcus & Millichap, Inc. | 1.1 bn | 79.3 | 2.4% | 1.8% | +8.5% | +1% / −14% |
| AGNTAgnt, Inc. | 713.6 m | — | -6.9% | -0.3% | +4.5% | −62% / −65% |
| OMHOhmyhome Limited | 346.1 m | — | -164.6% | -75.2% | +19.5% | −63% / −83% |
| DOUGDouglas Elliman Inc. | 151.8 m | 5.6 | 16.3% | 2.5% | +3.8% | −37% / −14% |
| LHAILinkhome Holdings Inc. | 15.8 m | — | -5.6% | -1.4% | +175.7% | −92% / unavailable |
| PETZTDH Holdings, Inc. | 12.8 m | 7.3 | 6.2% | 143.8% | +122.0% | +25% / −10% |
| OPADOfferpad Solutions Inc. | 11.8 m | — | -116.9% | -11.3% | −38.2% | +19% / −78% |
| FTHMFathom Holdings Inc. | 6.1 m | — | -79.0% | -6.3% | +25.4% | −86% / −94% |
| LRHCStratum Holdings Corp. | 1.4 m | — | — | -46.4% | +16.7% | −100% / unavailable |
| BEKEKE Holdings Inc. | — | 154.8 | 4.4% | 3.2% | +5.6% | +8% / +17% |
| NMRKNewmark Group, Inc. | — | 17.5 | 10.9% | 4.1% | +20.3% | −29% / +50% |
1- and 3-year price returns: for LRHC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
La Rosa Holdings Corp. is a real estate and PropTech company running residential and commercial brokerage under the La Rosa Realty brand, with franchising, agent coaching and property management services. In the first half of 2026 revenue fell to 28.6 million USD 3, while gross margin rose and the net loss narrowed to 15.6 million USD 3. The company still depends on financing and on the evolution of the US residential market.
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Going concernhigh
The auditor included a paragraph about substantial doubt over the company's ability to continue as a going concern, which could limit access to capital 1.
- Financing and dilutionhigh
Convertible notes and equity facilities can dilute existing shareholders, and financing terms could be unfavorable 12.
- Antitrust litigationmedium
Commission lawsuits and the NAR settlement may change compensation structures and affect the business model 1.
- Housing cyclemedium
If mortgage rates stay high, home sales and the number of active agents could fall, affecting revenue 1.
- Internal controlmedium
Material weaknesses in internal control can affect the accuracy of financial reporting and investor confidence 3.
Investment thesis
What would need to be true (bull case)
- If the pipeline acquisitions close, the company could benefit from synergies and a larger agent base.
- Gross margin gains and lower operating expenses could continue if cost discipline holds.
- Growth in commercial brokerage suggests useful diversification away from the residential market.
What would break the thesis
- The net loss and the going concern warning point to serious uncertainty about funding.
- Total revenue has declined, and it could stay under pressure if the residential market remains weak.
- Dilution from convertible instruments and share issuance could reduce value for existing shareholders.
What to watch
- Revenue and gross margin trendsQ3 2026
- Completion or failure of pipeline acquisition transactions2026
- Audit results and any remediation of internal control weaknessesnext 10-K
- Financing developments and terms of the convertible notes2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The company is a holding for six technology-integrated, cloud-based real estate segments that serve agents and the public 1. Its brokerage operates mainly under La Rosa Realty, with 2,807 licensed brokers and sales associates as of June 30, 2026 2. The model relies on agent-centric commissions, franchise fees and cross-sold services such as coaching and proprietary technology 1.
The geographic footprint includes corporate offices in Florida, California, Texas, Georgia and Puerto Rico, five franchised offices and three affiliated offices 2. The company has started expanding into Europe through LR Realty Spain, based in Malaga 2. In February 2026 it sold its majority interest in LR Kissimmee, an operation it considered non-core 3.
In the last quarter of 2025 the company announced a strategic move toward the AI ecosystem, including acquisitions, partnerships and data center infrastructure for AI computing, still under evaluation by management 1. This direction is new and uncertain, and its results cannot be assessed from the available documents.
Segments
Residential and commercial brokerage
The main segment earns commissions and fees paid by agents, franchisees and consumers, and the number of agents is the most important driver of results 1. Commercial brokerage revenue rose 95.4 percent in the first half of 2026 3.
Market context
The US residential market is cyclical and sensitive to interest rates and general economic conditions 1. High mortgage rates have reduced home sales, and the company expects these trends to keep weighing on its revenue in 2026 1. The number of agents in the network is tied to real estate transaction volumes, so market evolution feeds directly into company revenue 1.
The industry is being reshaped by antitrust cases against NAR and other brokers, and the NAR settlement may change how agents are paid 1. Affected brokers could see lower revenue from buyer-side commissions, which would alter long-term business models 1.
Trends
- High mortgage ratesheadwind
High mortgage rates have reduced demand and home sales, and the company expects this effect to persist in 2026 1.
- Agent-centric modeltailwind
A commission structure that keeps more money with agents could attract agents during periods of weak sales, since they retain a larger share of commissions 1.
- Commission reformmixed
The NAR settlement and regulatory changes on commissions can reduce broker compensation but also create pressure for more transparent models 1.
- Operational refocusingtailwind
Selling stakes and closing unprofitable entities has reduced costs, and operating loss improved in 2026 3.
Competitive position
The company competes with traditional brokers, flat-fee brokers and online platforms, which the documents describe as lower-cost alternatives for consumers 1. Its stated advantages are the agent-centric model and proprietary technology, though these have not yet translated into profitability.
Competition also includes networks such as Compass and eXp World Holdings, named in the commission litigation documents, which points to a market with many large players 1. The company's relative position depends on keeping agents and growing transaction volume.
- Compass, Inc.COMP
Residential broker named in the commission litigation, which agreed a settlement of 57.5 million USD 1.
- eXp World Holdings, Inc.EXPI
Brokerage company named among defendants in the commission lawsuits 1.
- Redfin Corporation
Broker named in the antitrust commission litigation, with a different business model 1.
- Douglas Elliman Inc.DOUG
Luxury broker named in the antitrust commission cases 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report19 Oct 2026Amendments to articles or bylaws · Financial statements and exhibits
- Current report01 Oct 2026Material agreement · Acquisition or disposition of assets · Item 3.02 · Item 3.03 · Departure or appointment of officers · Amendments to articles or bylaws · Other events · Financial statements and exhibits
- Current report29 Sept 2026Departure or appointment of officers · Financial statements and exhibits
- Current report18 Sept 2026Item 4.01 · Financial statements and exhibits
- Current report16 Sept 2026Material agreement · Item 3.02 · Financial statements and exhibits
- Current report08 Sept 2026Item 3.03 · Amendments to articles or bylaws · Regulation FD disclosure · Financial statements and exhibits
- Current report25 Aug 2026Results of operations · Delisting notice · Other events · Financial statements and exhibits
- Quarterly report21 Aug 2026
- Current report18 Aug 2026Material agreement · Item 3.02 · Financial statements and exhibits
- Current report03 Aug 2026Material agreement · Results of operations · Item 3.02 · Other events · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / La Rosa Holdings Corp. · 04 Jun 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / La Rosa Holdings Corp. · 21 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / La Rosa Holdings Corp. · 25 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.