MeritValue

La Rosa Holdings Corp.

LRHCdata completeness 88%4 fiscal years on file
The thesis, from the filings

La Rosa Holdings Corp. earns about -365% on invested capital, and has bought back 100% of its shares over 4 years. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own
FigureFY 2022FY 2023FY 2024FY 2025
Revenue$26.2M1$31.8M2$58.7M3$68.5M3
Net income−$2.32M4−$7.82M5−$14.4M6−$30.5M6
Operating cash flow−$1.18M7−$1.89M8−$3M9−$7.53M9
Capital expenditure——$5,03310—
Free cash flow (derived)——−$3M9—
Total debt—$619,52711$647,63012$641,22713
Cash & equivalents$118,55814$959,60415$1.44M16$3.09M16
Diluted shares6.0M7.3M2,0309,296

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$6,550.51
your share of equity
Profit it earned you last year
−$32,857.75
Free cash flow it threw off
—
Debt you’d be carrying
$689.79

10 shares is a claim on −$6,550.51 of net worth that earned you −$32,857.75 last year, against $689.79 of debt.

iii. Is this a good business?
Moat signal · return on invested capital
-365% avg · 4y
FY22 —FY23 -109%FY24 -621%FY25 —

It earned an average -365% on invested capital over 4 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
−100% shares · 4y

Share count is down 100% over 4 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has held roughly steady.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
only 1 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 1 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2022-12-31 · accession 0001213900-24-033444 (Revenues)
  2. 10-K · period ending 2023-12-31 · accession 0001213900-25-032211 (RevenueFromContractWithCustomerIncludingAssessedTax)
  3. 10-K · period ending 2024-12-31 · accession 0001213900-26-065276 (RevenueFromContractWithCustomerIncludingAssessedTax)
  4. 10-K · period ending 2022-12-31 · accession 0001213900-24-033444 (NetIncomeLoss)
  5. 10-K · period ending 2023-12-31 · accession 0001213900-25-032211 (NetIncomeLoss)
  6. 10-K · period ending 2024-12-31 · accession 0001213900-26-065276 (NetIncomeLoss)
  7. 10-K · period ending 2022-12-31 · accession 0001213900-24-033444 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2023-12-31 · accession 0001213900-25-032211 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2024-12-31 · accession 0001213900-26-065276 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2024-12-31 · accession 0001213900-26-065276 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2023-12-31 · accession 0001213900-24-033444 (LongTermDebt)
  12. 10-K · period ending 2024-12-31 · accession 0001213900-25-032211 (LongTermDebt)
  13. 10-K · period ending 2025-12-31 · accession 0001213900-26-065276 (LongTermDebt)
  14. 10-K · period ending 2022-12-31 · accession 0001213900-24-033444 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K · period ending 2023-12-31 · accession 0001213900-25-032211 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2024-12-31 · accession 0001213900-26-065276 (CashAndCashEquivalentsAtCarryingValue)