Exhibit 99.1
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LAZYDAYS REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS
Tampa, FL (August 14, 2025) – Lazydays Holdings, Inc. (NasdaqCM: GORV) (“Lazydays,” the “Company” or “we”) today reports financial results for the second quarter ended June 30, 2025.

Ron Fleming, CEO, said, “We continued to advance our turnaround plan in the second quarter of 2025. Our focus on operational performance resulted in increases in gross profit margins across all products and services compared to the prior year period, and our purposeful effort to streamline our footprint resulted in the successful sale of several non-core assets. These divestitures allowed us to reduce our total liabilities by over $200 million during the first half of the year, while our cash balance remained unchanged at June 30, 2025 compared to December 31, 2024.”
Total revenue for the second quarter 2025 was $131.3 million compared to $235.6 million for the same period in 2024. Second quarter 2025 net loss was $24.6 million compared to net loss of $44.2 million for the same period in 2024. We recognized non-cash impairment charges of $7.7 million related to indefinite-lived intangible assets and assets held for sale during the second quarter 2025. Second quarter 2025 Adjusted EBITDA, a non-GAAP measure, was $(6.2) million compared to Adjusted EBITDA of $(9.4) million for the same period in 2024.* Net loss per diluted share for the second quarter 2025 was $6.67 compared to net loss per diluted share of $96.53 for the same period in 2024.

*Refer to the reconciliation of net income to Adjusted EBITDA under “Reconciliation of Non-GAAP Measures” in this press release.

About Lazydays
Lazydays has been a prominent player in the RV industry since our inception in 1976, earning a stellar reputation for delivering exceptional RV sales, service, and ownership experiences. Our commitment to excellence has led to enduring relationships with RVers and their families who rely on us for all of their RV needs.

Our wide selection of RV brands from top manufacturers, state-of-the-art service facilities, and an extensive range of accessories and parts ensure that Lazydays is the go-to destination for RV enthusiasts seeking everything they need for their journeys on the road. Whether you’re a seasoned RVer or just starting your adventure, our dedicated team is here to provide outstanding support and guidance, making your RV lifestyle truly extraordinary.

Lazydays is a publicly listed company on the Nasdaq stock exchange under the ticker “GORV.”
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “Safe-Harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future financing transactions and business strategy, and often contain words such as “project,” “outlook,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “may,” “seek,” “would,” “should,” “likely,” “goal,” “strategy,” “future,” “maintain,” “continue,” “remain,” “target” or “will” and similar references to future periods.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events that depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements in this press release. The risks and uncertainties that could cause actual results to differ materially from estimated or projected results include, without limitation, future economic and financial conditions (both nationally and locally), changes in customer demand, our relationship with, and the financial and operational stability of, vehicle manufacturers and other suppliers, risks associated with our
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indebtedness (including our ability to obtain further waivers or amendments to credit agreements, the actions or inactions of our lenders, available borrowing capacity, our compliance with financial covenants and our ability to refinance or repay indebtedness on terms acceptable to us), acts of God or other incidents which may adversely impact our operations and financial performance, government regulations, legislation and other risks and uncertainties set forth throughout under the headers “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” and in the notes to our financial statements in our most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and from time to time in our other filings with the U.S. Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements made herein and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we disclaim any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances, except as may be required by law.
Contact:
investors@lazydays.com
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Results of Operations
Three Months Ended June 30,Six Months Ended June 30,
(In thousands, except share and per share data)2025202420252024
Revenue
New vehicle retail$77,463 $143,333 $174,982 $296,024 
Pre-owned vehicle retail29,461 57,254 70,134 136,282 
Vehicle wholesale870 3,268 2,926 9,517 
Consignment vehicle2,078 562 3,567 644 
Finance and insurance10,575 16,041 22,077 34,370 
Service, body and parts and other10,850 15,144 23,426 28,885 
Total revenue131,297 235,602 297,112 505,722 
Cost applicable to revenue
New vehicle retail68,960 130,138 155,632 277,193 
Pre-owned vehicle retail23,482 46,354 55,476 116,087 
Vehicle wholesale913 3,597 3,033 12,057 
Finance and insurance344 644 778 1,337 
Service, body and parts and other4,917 7,150 10,615 13,437 
LIFO(1,508)315 (6,453)441 
Total cost applicable to revenue97,108 188,198 219,081 420,552 
Gross profit34,189 47,404 78,031 85,170 
Depreciation and amortization3,400 4,956 7,982 10,417 
Selling, general, and administrative expenses35,826 52,010 74,455 100,896 
Impairment charges7,676 — 10,576 — 
Loss from operations(12,713)(9,562)(14,982)(26,143)
Other income (expense):
Floor plan interest expense(3,269)(5,708)(7,859)(13,384)
Other interest expense(7,398)(5,837)(13,567)(10,360)
Change in fair value of warrant liabilities407 (337)4,689 (337)
(Loss) gain on sale of businesses, property and equipment(1,952)1,044 (2,411)1,044 
Total other expense, net(12,212)(10,838)(19,148)(23,037)
Loss before income taxes(24,925)(20,400)(34,130)(49,180)
Income tax benefit (expense)336 (23,821)8 (17,021)
Net loss(24,589)(44,221)(34,122)(66,201)
Dividends on Series A convertible preferred stock— (2,031)— (4,015)
Net loss and comprehensive loss attributable to common stock and participating securities $(24,589)$(46,252)$(34,122)$(70,216)
Loss per share(1):
Basic(1)
$(6.67)$(96.53)$(9.27)$(146.57)
Diluted(1)
$(6.67)$(96.53)$(9.27)$(146.57)
Weighted average shares used for EPS calculations(1):
Basic(1)
3,684,277479,1633,680,539479,060
Diluted(1)
3,684,277479,1633,680,539479,060
(1) Amounts have been adjusted to reflect the reverse stock split effective on July 11, 2025.

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Other Metrics and Highlights
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Gross profit margins
New vehicle retail11.0 %9.2 %11.1 %6.4 %
Pre-owned vehicle retail20.3 %19.0 %20.9 %14.8 %
Vehicle wholesale(4.9)%(10.1)%(3.7)%(26.7)%
Consignment vehicle100.0 %100.0 %100.0 %100.0 %
Finance and insurance96.7 %96.0 %96.5 %96.1 %
Service, body and parts and other54.7 %52.8 %54.7 %53.5 %
Total gross profit margin26.0 %20.1 %26.3 %16.8 %
Total gross profit margin (excluding LIFO)24.9 %20.3 %24.1 %16.9 %
Retail units sold
New vehicle retail1,068 2,036 2,211 4,091 
Pre-owned vehicle retail598 1,100 1,403 2,561 
Consignment vehicle185 49 385 55 
Total retail units sold1,851 3,185 3,999 6,707 
Average selling price per retail unit
New vehicle retail$72,531 $70,458 $79,142 $72,389 
Pre-owned vehicle retail49,266 52,049 49,989 53,214 
Average gross profit per retail unit (excluding LIFO)
New vehicle retail$7,962 $6,412 $8,752 $4,569 
Pre-owned vehicle retail9,998 9,909 10,448 7,886 
Finance and insurance5,527 5,084 5,326 5,044 
Revenue mix
New vehicle retail59.0 %60.8 %58.9 %58.5 %
Pre-owned vehicle retail22.4 %24.3 %23.6 %26.9 %
Vehicle wholesale0.7 %1.4 %1.0 %1.9 %
Consignment vehicle1.6 %0.2 %1.2 %0.1 %
Finance and insurance8.1 %6.8 %7.4 %6.8 %
Service, body and parts and other8.2 %6.5 %7.9 %5.8 %
100.0 %100.0 %100.0 %100.0 %
Gross profit mix
New vehicle retail24.9 %27.8 %24.8 %22.1 %
Pre-owned vehicle retail17.5 %23.0 %18.8 %23.7 %
Vehicle wholesale(0.1)%(0.7)%(0.1)%(3.0)%
Consignment vehicle6.1 %1.2 %4.6 %0.8 %
Finance and insurance29.9 %32.5 %27.3 %38.8 %
Service, body and parts and other17.4 %16.9 %16.4 %18.1 %
LIFO4.3 %(0.7)%8.2 %(0.5)%
100.0 %100.0 %100.0 %100.0 %

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Condensed Consolidated Balance Sheets
(In thousands)June 30, 2025December 31, 2024
ASSETS
Current assets:
Cash$24,702 $24,702 
Receivables, net of allowance for doubtful accounts19,879 22,318 
Inventories, net165,634 211,946 
Income tax receivable708 6,116 
Prepaid expenses and other5,631 1,823 
Current assets held for sale6,495 86,869 
Total current assets223,049 353,774 
Property and equipment, net128,139 174,324 
Operating lease right-of-use assets8,784 13,812 
Intangible assets, net40,227 54,957 
Other assets2,977 3,216 
Long-term assets held for sale25,888 75,747 
Total assets$429,064 $675,830 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable$19,459 $22,426 
Accrued expenses and other current liabilities24,029 31,211 
Floor plan notes payable, net of debt discount(1)
185,460 306,036 
Current portion of financing liability2,673 2,792 
Current portion of revolving credit facility10,000 10,000 
Current portion of long-term debt352 1,168 
Current portion of operating lease liability2,300 3,711 
Current liabilities related to assets held for sale71 1,530 
Total current liabilities244,344 378,874 
Long-term liabilities:
Financing liability, net of debt discount86,011 76,007 
Revolving credit facility17,826 20,344 
Long-term debt, net of debt discount12,251 27,417 
Related party debt, net of debt discount3,111 36,217 
Operating lease liability6,813 10,592 
Deferred income tax liability1,587 1,348 
Warrant liabilities1,019 5,709 
Other long-term liabilities— 6,721 
Long-term liabilities related to assets held for sale153 23,001 
Total liabilities373,115 586,230 
Stockholders’ Equity
Common stock(2)
— — 
Additional paid-in capital(2)
261,946 261,475 
Treasury stock, at cost(57,128)(57,128)
Retained deficit(148,869)(114,747)
Total stockholders’ equity55,949 89,600 
Total liabilities and stockholders’ equity$429,064 $675,830 
(1) Includes floor plan notes payable associated with inventories classified as held for sale of $6.5 million as of June 30, 2025 and $86.8 million as of December 31, 2024.
(2) Amounts have been adjusted to reflect the reverse stock split effective on July 11, 2025.
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Statements of Cash Flows
Six Months Ended June 30,
(In thousands)20252024
Operating Activities
Net loss$(34,122)$(66,201)
Adjustments to reconcile net loss to net cash provided by operating activities:
Stock-based compensation471 1,104 
Bad debt expense516 76 
Depreciation of property and equipment5,516 6,346 
Amortization of intangible assets2,466 4,070 
Amortization of debt discount5,730 506 
Non-cash operating lease expense(253)(217)
Loss (gain) on sale of businesses, property and equipment2,411 (1,044)
Deferred income taxes239 16,375 
Change in fair value of warrant liabilities(4,689)337 
Impairment charges10,576 — 
Changes in operating assets and liabilities:
Receivables1,923 (6,188)
Inventories31,114 141,705 
Prepaid expenses and other(3,319)(2,293)
Income tax receivable5,408 744 
Other assets241 (424)
Accounts payable, accrued expenses and other liabilities(16,870)6,419 
Net cash provided by operating activities7,358 101,315 
Investing Activities
Net proceeds from sale of businesses, property and equipment171,977 2,950 
Purchases of property and equipment(53)(12,917)
Net cash provided by (used) in investing activities171,924 (9,967)
Financing Activities
Net repayments under M&T bank floor plan(120,723)(114,824)
Principal repayments on revolving credit facility(2,518)(5,000)
Principal repayments on long-term debt and financing liabilities(56,041)(1,317)
Proceeds from issuance of long-term debt and financing liabilities— 16,429 
Loan issuance costs— (2,812)
Proceeds from shares issued pursuant to the Employee Stock Purchase Plan— 113 
Net cash used in financing activities(179,282)(107,411)
Net decrease in cash— (16,063)
Cash, beginning of period24,702 58,085 
Cash, end of period$24,702 $42,022 
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Reconciliation of Non-GAAP Measures

EBITDA and Adjusted EBITDA

EBITDA, which is a non-GAAP financial measure, is defined as net income (loss) excluding interest expense, income tax expense (benefit) and depreciation and amortization expense. Adjusted EBITDA, which is a non-GAAP financial measure, is further adjusted to include floor plan interest expense and excludes stock-based compensation expense; LIFO adjustment; impairment charges; loss (gain) on sale of businesses, property and equipment; and change in fair value of warrant liabilities.

EBITDA and Adjusted EBITDA are not measures of financial performance under GAAP and should not be considered in isolation or as an alternative to net income (loss), cash flows from operating activities or any other measure determined in accordance with GAAP. The items excluded to calculate EBITDA and Adjusted EBITDA are significant components in understanding and assessing the Company’s results of operations. The Company’s EBITDA and Adjusted EBITDA may not be comparable to a similarly titled measure of another company because other entities may not calculate EBITDA and Adjusted EBITDA in the same manner.

The Company believes Adjusted EBITDA is an important measure of operating performance because it allows management, investors and others to evaluate and compare the Company’s core operating results from period to period by removing (i) the impact of the Company’s capital structure (interest expense from outstanding debt); (ii) tax consequences; (iii) asset base (depreciation, amortization and LIFO adjustments); (iv) the non-cash charges from asset impairments, stock-based compensation expense and change in fair value of warrant liabilities; and (v) gains or losses on the sale of businesses, property and equipment. The Company uses Adjusted EBITDA internally to monitor operating results and to evaluate the performance of its business.

The following table presents a reconciliation of net income to EBITDA and adjusted EBITDA for the periods indicated:

Three Months Ended June 30,Six Months Ended June 30,
(In thousands)2025202420252024
Net loss$(24,589)$(44,221)$(34,122)$(66,201)
Interest expense, net10,667 11,545 21,426 23,744 
Depreciation and amortization3,400 4,956 7,982 10,417 
Income tax expense(336)23,821 (8)17,021 
EBITDA(10,858)(3,899)(4,722)(15,019)
Floor plan interest expense(3,269)(5,708)(7,859)(13,384)
LIFO adjustment(1,508)315 (6,453)441 
Loss (gain) on sale of businesses, property and equipment1,952 (1,044)2,411 (1,044)
Impairment charges7,676 — 10,576 — 
(Gain) loss on change in fair value of warrant liabilities(407)337 (4,689)337 
Stock-based compensation expense174 595 471 1,104 
Adjusted EBITDA$(6,240)$(9,404)$(10,265)$(27,565)

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