Lazydays Holdings Reports Q1 2025 Revenue Drop to $165.8M, Net Loss Narrows to $9.5M, EPS Improves to $(0.09)
Lazydays Holdings reported Q1 2025 revenue of $165.8 million, down from $270.1 million in Q1 2024. The net loss narrowed to $9.5 million, improving from a $22.0 million loss last year. Loss from operations decreased to $2.3 million, and the company recognized $2.9 million in impairment charges. Interim CEO Ron Fleming highlighted progress in operating results and gross profit margins. Lazydays divested five dealership locations, reducing debt by approximately $145 million. Adjusted EBITDA was $(4.0) million, compared to $(18.2) million in the previous year.
Lazydays Holdings Inc. has reported its financial results for the first quarter of 2025, showing a total revenue of $165.8 million, a decrease from $270.1 million in the same period of 2024. The company recorded a net loss of $9.5 million for the first quarter of 2025, an improvement compared to a net loss of $22.0 million in the first quarter of 2024. Loss from operations was reported at $2.3 million, reduced from $16.6 million in the same period last year. The company recognized impairment charges of $2.9 million related to indefinite-lived intangible assets during this period. Ron Fleming, Interim CEO, noted significant progress in improving operating results compared to both the fourth quarter and the first quarter of 2024, with an increase in gross profit and margins across all product lines. Additionally, Lazydays completed the strategic divestiture of five dealership locations, which contributed to an enhanced cost structure and a substantial reduction in debt by approximately $145 million. The company remains focused on executing its turnaround plan and creating value for shareholders. Adjusted EBITDA for the first quarter was $(4.0) million, compared to $(18.2) million in the same period of the previous year.
