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Jun 30
Lazydays Q2 2025 Earnings Report
Lazydays narrowed its net loss in Q2 2025 and improved gross margins across segments despite lower revenue.
Key Takeaways
Lazydays reported a Q2 2025 net loss of $24.6M on $131.3M in revenue. While revenue declined significantly YoY, the company improved gross margins across all segments and lowered its Adjusted EBITDA loss to $6.2M.
Revenue declined to $131.3M from $235.6M YoY due to footprint rationalization
Net loss narrowed to $24.6M vs. $44.2M YoY
Adjusted EBITDA loss improved to $(6.2)M from $(9.4)M YoY
Gross profit margins improved across all business segments
Lazydays
Lazydays
Lazydays Revenue by Segment
Revenue by Segment
New Vehicle Retail Revenue
CapyFin.comPre-Owned Vehicle Retail Revenue
CapyFin.comVehicle Wholesale Revenue
CapyFin.comConsignment Vehicle Revenue
CapyFin.comFinance and Insurance Revenue
CapyFin.comService, Body & Parts Revenue
CapyFin.com Forward Guidance
Lazydays continues its turnaround strategy, focusing on margin improvements and asset divestitures while streamlining operations.
Positive Outlook
- Gross margins improved YoY across all segments
- Adjusted EBITDA loss narrowed compared to prior year
- Footprint rationalization reduced liabilities by $200M
- Consignment and F&I segments maintained high margins
- Cash balance held steady at $24.7M
Challenges Ahead
- Total revenue declined 44% YoY
- New and used vehicle sales volumes decreased significantly
- Net loss of $24.6M despite margin gains
- High interest and impairment charges impacted profitability
- No explicit forward-looking earnings guidance provided
Revenue & Expenses
Visualization of income flow from segment revenue to net income