Lazydays Holdings reported a mixed second quarter with significant revenue decline year-over-year, but improved gross profit margins and a reduced net loss. The company is advancing its turnaround plan through strategic divestitures and operational focus, which has led to a substantial reduction in liabilities.
Gross profit margins increased across all products and services compared to the prior year period.
positiveTotal liabilities reduced by over $200 million in the first half of the year due to divestitures.
positiveNet loss improved to $24.6 million from $44.2 million in the prior year period.
positiveAdjusted EBITDA improved to $(6.2) million from $(9.4) million in the prior year period.
positiveTotal revenue decreased significantly to $131.3 million in Q2 2025 from $235.6 million in Q2 2024, a year-over-year decline of 44.3%.
negativeInventories decreased by $46.3 million to $165.6 million from $211.9 million in the prior year, indicating a potential slowdown in sales or inventory management adjustments.
attentionLoss from operations was $(12.7) million in Q2 2025, compared to $(9.6) million in Q2 2024.
negativeNon-cash impairment charges of $7.7 million were recognized related to indefinite-lived intangible assets and assets held for sale.
attentionTotal other expense, net increased to $12.2 million from $10.8 million in the prior year period.
attentionFloor plan interest expense was $3.3 million in Q2 2025, a decrease from $5.7 million in Q2 2024, but still a significant cost.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
New vehicle retail | N/A | — | — | — |
Pre-owned vehicle retail | N/A | — | — | — |
Vehicle wholesale | N/A | — | — | — |
Consignment vehicle | N/A | — | — | — |
Finance and insurance | N/A | — | — | — |
Service, body and parts and other | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Continued to advance our turnaround plan in the second quarter of 2025.
Focus on operational performance resulted in increases in gross profit margins across all products and services compared to the prior year period.
Purposeful effort to streamline our footprint resulted in the successful sale of several non-core assets.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.