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Lazydays Holdings Reports Q2 2025 Financial Results

On August 14, 2025, Lazydays Holdings, Inc. (Nasdaq: GORV) announced its financial results for the second quarter ended June 30, 2025. The report showcases a year-over-year comparison revealing the company's efforts to improve operational efficiency and profitability during a challenging market.

Operational Performance Overview

CEO Ron Fleming shared insights into the company's performance, stating, "We continued to advance our turnaround plan in the second quarter of 2025." The company saw notable progress as it focused on improving operational performance, leading to increased gross profit margins across all product lines.

Lazydays successfully executed a strategy aimed at streamlining its operations by divesting non-core assets. As a result, the company managed to cut its total liabilities by over $200 million in just the first half of the year, while maintaining a stable cash position compared to the previous year.

Financial Highlights

The financial results reflect a noticeable change despite a decrease in total revenue. For Q2 2025, Lazydays reported total revenue of $131.3 million, a decline from $235.6 million in Q2 2024. The net loss for the second quarter was $24.6 million, a significant improvement from the net loss of $44.2 million recorded a year earlier.

In-Depth Revenue Breakdown

• - New Vehicle Retail: Revenue in this segment fell to $77.5 million from $143.3 million in the prior year.
• - Pre-owned Vehicle Retail: This category reported a decrease to $29.5 million from $57.3 million.
• - Vehicle Wholesale and Consignment: These two segments contributed marginally, totaling $2.0 million and $870,000, respectively.
• - Finance and Insurance: Revenue from this area saw a reduction, totaling $10.6 million compared to $16 million last year.
• - Service, Body, and Parts: Revenue here also dropped, amounting to $10.9 million versus $15.1 million prior year.

Despite the decline in revenue, the gross profit margin increased, indicating better management of costs and pricing strategies.

Loss Per Share Analysis

The diluted loss per share for Q2 2025 was reported at $6.67, contrasting sharply with $96.53 in Q2 2024, showcasing a marked improvement in the company's per-share performance metrics.

Strategic Direction

Looking ahead, Lazydays remains determined to enhance its financial stability and operational framework. The company aims to continue its restructuring efforts and focus on core business competencies while ensuring quality service delivery to RV enthusiasts.

Conclusion

Lazydays Holdings is navigating through a transformative period by focusing on strategizing growth while minimizing losses. As the company moves forward, it remains committed to delivering stellar RV sales and services. Its experience in the RV industry since 1976 has positioned it as a trusted partner for RV owners, making it a pivotal player in the market.

For further updates and detailed financial information, stakeholders can refer to Lazydays' filings on the Nasdaq stock exchange under the symbol “GORV.”

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Forward-Looking Statements: This press release may contain forward-looking statements regarding Lazydays Holdings. These statements are subject to risks and uncertainties that may cause actual results to differ materially from those predicted. The company urges investors and readers to consider these factors carefully.