La Rosa restates 2024 revenue to $58.6 million on ASC 606 adjustment
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La Rosa restates 2024 revenue to $58.6 million on ASC 606 adjustment
  • La Rosa Holdings restated audited fiscal 2024 revenue to $58.6 million due to ASC 606 gross-versus-net presentation for certain property management fee revenue.
  • Restatement reduced revenue by $10.8 million, with a matching reduction in cost of sale.
  • Gross profit, operating income, net income, shareholders’ equity, cash flow remained unchanged.
  • Gross margin for fiscal 2024 was revised to 10.14% from 8.57%.
  • Revenue guidance for 2025 was revised to $68.6 million, matching preliminary unaudited 2025 revenue of $68.6 million, up 17% year over year.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. La Rosa Holdings Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604270830PRIMZONEFULLFEED9707450) on April 27, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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