Exhibit 99.1
La Rosa Holdings Corp. and Subsidiaries
Notes to the Unaudited Pro Forma Consolidated Financial Information
On February 4, 2026, La Rosa Holdings Corp. (the “Company”) completed the sale of its Membership Interest in Horeb Kissimmee Realty LLC, a Florida limited liability company (“LR Kissimmee”), as defined and further described in Note 1 - Description of the Disposition. The unaudited pro forma consolidated financial information is intended to illustrate the pro forma effects of the disposition of LR Kissimmee and other transaction accounting adjustments and was prepared in accordance with Article 11 of Regulation S-X, Pro Forma Financial Information.
The unaudited pro forma consolidated financial information has been derived from the Company’s historical audited and unaudited consolidated financial statements and reflects certain assumptions and transaction accounting adjustments that management believes are reasonable under the circumstances and based on the information available, as further described in Note 3 - Adjustments to the Unaudited Pro Forma Consolidated Financial Information.
The unaudited pro forma consolidated statements of operations for the nine months ended September 30, 2025 and the year ended December 31, 2024, reflect the disposition of LR Kissimmee as if it had closed on January 1, 2024 (refer to Note 2 – Basis of Presentation, for further discussion).
The unaudited pro forma consolidated financial information should be read in conjunction with:
| ● | The accompanying notes to the unaudited pro forma consolidated financial information; |
| ● | The Company’s historical audited consolidated financial statements and accompanying notes for the year ended December 31, 2024, which were prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), included in the Company’s annual report on Form 10-K; and |
| ● | The Company’s historical unaudited condensed consolidated financial statements and accompanying notes for the nine months ended September 30, 2025, which were prepared in accordance with U.S. GAAP, included in the Company’s quarterly report on Form 10-Q |
| ● | The unaudited pro forma consolidated financial information is provided for illustrative and informational purposes only and is not intended to represent or be indicative of what the Company’s results of operations would have been had the Company operated historically as an independent organization separate from LR Kissimmee, or if the disposition had occurred on the date indicated. Additionally, the unaudited pro forma consolidated financial information should not be considered representative of the Company’s future consolidated results of operations. |
La Rosa Holdings Corp. and Subsidiaries
Unaudited Pro Forma Condensed Consolidated Balance Sheet
As of September 30, 2025
| Transaction Accounting Adjustments | |||||||||||||||
| As Reported | Removal of LR Kissimmee Membership Interest (a) | Notes | Pro Forma | ||||||||||||
| Assets | |||||||||||||||
| Current assets: | |||||||||||||||
| Cash | $ | 3,992,896 | $ | (586,542 | ) | $ | 3,406,354 | ||||||||
| Restricted cash | 2,396,268 | 46,199 | 2,442,467 | ||||||||||||
| Accounts receivable, net of allowance for credit losses | 799,385 | (61,257 | ) | (d) | 738,128 | ||||||||||
| Other current assets | 34,669 | — | 34,669 | ||||||||||||
| Total current assets | 7,223,218 | (601,600 | ) | 6,621,618 | |||||||||||
| Noncurrent assets: | |||||||||||||||
| Restricted cash, net of current | 46,199 | (46,199 | ) | - | |||||||||||
| Property and equipment, net | 6,879 | (2,322 | ) | 4,557 | |||||||||||
| Right-of-use asset, net | 1,104,403 | (5,369 | ) | 1,099,034 | |||||||||||
| Intangible assets, net | 5,256,913 | (1,274,674 | ) | 3,982,239 | |||||||||||
| Goodwill | 8,012,331 | (2,217,170 | ) | 5,795,161 | |||||||||||
| Other long-term assets | 40,250 | — | 40,250 | ||||||||||||
| Total noncurrent assets | 14,466,975 | (3,545,734 | ) | 10,921,241 | |||||||||||
| Total assets | $ | 21,690,193 | $ | (4,147,334 | ) | $ | 17,542,859 | ||||||||
| Liabilities and Stockholders’ Equity | |||||||||||||||
| Current liabilities: | |||||||||||||||
| Accounts payable | $ | 2,006,747 | $ | (396,736 | ) | (c) | $ | 1,610,011 | |||||||
| Accrued expenses | 780,665 | (1,158 | ) | 779,507 | |||||||||||
| Contract liabilities | 72,485 | (20,212 | ) | 52,273 | |||||||||||
| Security deposits and escrow payable | 2,396,268 | 46,199 | 2,442,467 | ||||||||||||
| Accrued acquisition cash consideration | 60,000 | — | 60,000 | ||||||||||||
| Notes payable, current | 148,757 | — | 148,757 | ||||||||||||
| Lease liability, current | 514,731 | (3,922 | ) | 510,809 | |||||||||||
| Total current liabilities | 5,979,653 | (375,829 | ) | 5,603,824 | |||||||||||
| Noncurrent liabilities: | |||||||||||||||
| Note payable, net of current | 9,321,562 | (150,000 | ) | (d) | 9,171,562 | ||||||||||
| Security deposits and escrow payable, net of current | 46,199 | (46,199 | ) | - | |||||||||||
| Lease liability, noncurrent | 625,637 | (7,640 | ) | 617,997 | |||||||||||
| Other liabilities | 2,950 | — | 2,950 | ||||||||||||
| Total non-current liabilities | 9,996,348 | (203,839 | ) | 9,792,509 | |||||||||||
| Total liabilities | 15,976,001 | (579,668 | ) | 15,396,333 | |||||||||||
| Commitments and contingencies (Note 6) | |||||||||||||||
| Stockholders’ equity: | |||||||||||||||
| Preferred stock - $0.0001 par value; 50,000,000 shares authorized; 2,000 Series X shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively | — | — | — | ||||||||||||
| Preferred stock - $0.0001 par value; 50,000,000 shares authorized; 6,000 and 0 Series B shares issued and outstanding at September 30, 2025 and December 31, 2024 | 1 | — | 1 | ||||||||||||
| Common stock - $0.0001 par value; 2,050,000,000 shares authorized; 12,247 and 2,731 issued and outstanding at June 30, 2025 and December 31, 2025, respectively | — | — | — | ||||||||||||
| Additional paid-in capital | 50,942,905 | — | 50,942,905 | ||||||||||||
| Accumulated deficit | (49,385,392 | ) | (1,642,163 | ) | (51,027,555 | ) | |||||||||
| Total stockholders’ equity – La Rosa Holdings Corp. shareholders | 1,557,514 | (1,642,163 | ) | (84,649 | ) | ||||||||||
| Noncontrolling interest in subsidiaries | 4,156,678 | (1,925,503 | ) | 2,231,175 | |||||||||||
| Total stockholders’ equity | 5,714,192 | (3,567,666 | ) | 2,146,526 | |||||||||||
| Total liabilities and stockholders’ equity | $ | 21,690,193 | $ | (4,147,334 | ) | $ | 17,542,859 | ||||||||
2
La Rosa Holdings Corp. and Subsidiaries
Unaudited Pro Forma Condensed Consolidated Statements of Operations
For the Year Nine Months September 30, 2025
| Transaction Accounting Adjustments | |||||||||||||||
| As Reported Nine Months Ended September 30, 2025 | Removal of LR Kissimmee Membership Interest (a) | Notes | Pro Forma Nine Months Ended September 30, 2025 | ||||||||||||
| Revenue | $ | 52,076,658 | $ | (9,199,092 | ) | (b) | $ | 42,877,566 | |||||||
| Cost of revenue | 46,978,581 | (8,367,157 | ) | 38,611,424 | |||||||||||
| Gross profit | 5,098,077 | (831,935 | ) | 4,266,142 | |||||||||||
| Operating expenses: | |||||||||||||||
| Sales and marketing | 1,326,859 | (45,060 | ) | 1,281,799 | |||||||||||
| General and administrative | 11,146,500 | (773,721 | ) | (b) | 10,372,779 | ||||||||||
| Stock-based compensation — general and administrative | 4,744,012 | 3 | 4,744,015 | ||||||||||||
| Total operating expenses | 17,217,371 | (818,778 | ) | 16,398,593 | |||||||||||
| Loss from operations | (12,119,294 | ) | (13,157 | ) | (12,132,451 | ) | |||||||||
| Other income (expense): | |||||||||||||||
| Interest expense, net | (361,381 | ) | 4,747 | (c) | (356,634 | ) | |||||||||
| Gain (loss) on extinguishment of debt | 3,961,075 | — | 3,961,075 | ||||||||||||
| Amortization of debt discount | (63,160 | ) | — | (63,160 | ) | ||||||||||
| Change in fair value of derivative liability | 899,874 | — | 899,874 | ||||||||||||
| (Loss) gain on issuance of senior secured convertible note and warrants | (128,836,250 | ) | — | (128,836,250 | ) | ||||||||||
| Change on fair value of convertible note and warrants | 31,168,496 | — | 31,168,496 | ||||||||||||
| Gain on settlement of incremental warrants | 82,299,000 | — | 82,299,000 | ||||||||||||
| Other income, net | 271,281 | — | 271,281 | ||||||||||||
| Loss before provision for income taxes | (22,780,359 | ) | (8,410 | ) | (22,788,769 | ) | |||||||||
| Benefit from income taxes | — | — | — | ||||||||||||
| Net loss | (22,780,359 | ) | (8,410 | ) | (22,788,769 | ) | |||||||||
| Less: Net income (loss) attributable to noncontrolling interests in subsidiaries | 49,714 | (63,357 | ) | (13,643 | ) | ||||||||||
| Net loss after noncontrolling interest in subsidiaries | (22,830,073 | ) | 54,947 | (22,775,126 | ) | ||||||||||
| Less: Deemed dividend | 275,264 | — | 275,264 | ||||||||||||
| Net loss attributable to common stockholders | $ | (23,105,337 | ) | $ | 54,947 | $ | (23,050,390 | ) | |||||||
| Loss per share of common stock attributable to common stockholders | |||||||||||||||
| Basic and diluted | $ | (3,264.12 | ) | $ | (3,256.35 | ) | |||||||||
| Weighted average shares used in computing net loss per share of common stock attributable to common stockholders | |||||||||||||||
| Basic and diluted | 7,079 | 7,079 | |||||||||||||
3
La Rosa Holdings Corp. and Subsidiaries
Unaudited Pro Forma Consolidated Statements of Operations
For the Year Ended December 31, 2024
| Transaction Accounting Adjustments | |||||||||||||||
| As Reported Year Ended December 31, 2024 | Removal of LR Kissimmee Membership Interest (a) | Notes | Pro Forma Year Ended December 31, 2024 | ||||||||||||
| Revenue | $ | 58,682,139 | $ | (11,532,108 | ) | (b) | $ | 47,150,031 | |||||||
| Cost of revenue | 52,728,860 | (10,726,283 | ) | 42,002,577 | |||||||||||
| Gross profit | 5,953,279 | (805,825 | ) | 5,147,454 | |||||||||||
| Operating expenses: | |||||||||||||||
| Sales and marketing | 1,007,077 | (64,513 | ) | 942,564 | |||||||||||
| General and administrative | 10,625,551 | (908,230 | ) | (b) | 9,717,321 | ||||||||||
| Stock-based compensation — general and administrative | 4,730,355 | — | 4,730,355 | ||||||||||||
| Impairment of goodwill | 787,438 | — | 787,438 | ||||||||||||
| Total operating expenses | 17,150,421 | (972,743 | ) | 16,177,678 | |||||||||||
| Loss from operations | (11,197,142 | ) | 166,918 | (11,030,224 | ) | ||||||||||
| Other income (expense) | |||||||||||||||
| Interest expense, net | (403,397 | ) | 5,320 | (c) | (398,077 | ) | |||||||||
| Loss on extinguishment of debt | (777,558 | ) | — | (777,558 | ) | ||||||||||
| Amortization of debt discount | (649,138 | ) | — | (649,138 | ) | ||||||||||
| Change in fair value of derivative liability | (1,338,506 | ) | — | (1,338,506 | ) | ||||||||||
| Other income, net | 15,745 | — | 15,745 | ||||||||||||
| Loss before provision for income taxes | (14,349,996 | ) | 172,238 | (14,177,758 | ) | ||||||||||
| Benefit from income taxes | — | — | — | ||||||||||||
| Net loss | (14,349,996 | ) | 172,238 | (14,177,758 | ) | ||||||||||
| Less: Net income (loss) attributable to noncontrolling interests in subsidiaries | 97,567 | (43,535 | ) | 54,032 | |||||||||||
| Net loss after noncontrolling interest in subsidiaries | (14,447,563 | ) | 215,773 | (14,231,790 | ) | ||||||||||
| Less: Deemed dividend | 1,476,044 | - | 1,476,044 | ||||||||||||
| Net loss attributable to common stockholders | $ | (15,923,607 | ) | $ | 215,773 | $ | (15,707,834 | ) | |||||||
| Loss per share of common stock attributable to common stockholders | |||||||||||||||
| Basic and diluted | $ | (6,299.41 | ) | $ | (6,214.05 | ) | |||||||||
| Weighted average shares used in computing net loss per share of common stock attributable to common stockholders | |||||||||||||||
| Basic and diluted | 2,528 | 2,528 | |||||||||||||
4
Note 1 — Description of the Disposition
On February 4, 2026 (the “Effective Date”), La Rosa Holdings Corp. (the “Company”) entered into, and closed the transaction (the “Transaction”) provided for under a Membership Interest Purchase Agreement (the “Sale Agreement”) by and among the Company, the buying member (the “Buyer”) and Horeb Kissimmee Realty LLC, a Florida limited liability company (“LR Kissimmee”), pursuant to which the Company sold the Company’s pre-Transaction 51% membership interest (the “Interest”) in LR Kissimmee to Buyer, LR Kissimmee’s pre-Transaction 49% owner.
Note 2 – Basis of Presentation
The historical audited and unaudited consolidated financial statements have been adjusted in the unaudited pro forma consolidated financial information to reflect certain transaction accounting adjustments related to the disposition of LR Kissimmee as described above in Note 1 - Description of the Disposition.
The unaudited pro forma consolidated financial information and accompanying notes have been prepared for informational purposes only, in accordance with Article 11 of Regulation S-X. The unaudited pro forma consolidated statements of operations for the years ended September 30, 2025, and December 31, 2024, reflect the disposition of LR Kissimmee as if it had closed on January 1, 2025 (refer to Note 1 – Basis of Presentation, for further discussion).
An unaudited condensed consolidated balance sheet is provided in the pro forma consolidated financial information as of September 30, 2025.
Note 3 – Adjustments to the Unaudited Pro Forma Consolidated Financial Information
The unaudited pro forma consolidated financial information has been prepared based upon certain pro forma adjustments to the historical consolidated financial statements of the Company. Certain assumptions regarding the operations of the Company have been made in connection with the preparation of the unaudited pro forma consolidated financial information. These adjustments and assumptions are as follows:
| (a) | Reflects adjustments to remove LR Kissimmee membership interest. |
| (b) | Reflects all revenue, general and administrative expenses of LR Kissimmee, except for certain contractual franchise agreements that will remain. |
| (c) | Reflects certain debts from the Small Business Administration to be acquired by the buyer and reduce overall interest expenses. |
| (d) | Reflects adjustments removing accounts receivable and accounts payable as these are transferred with the membership interest. |
5