Why did La Rosa Holdings' revenue surge in Q3 2024 despite rising expenses?

La Rosa Holdings' revenue surge in Q3 2024 can be attributed to **Strategic Acquisitions** and **Expansion of Agent Network**. 1. **Strategic Acquisitions**: La Rosa Holdings has been actively acquiring real estate brokerage franchisees and other companies. For instance, the acquisitions completed during fiscal 2024 contributed significantly to the revenue growth, with $9.8 million of revenue generated from these acquisitions alone. These strategic moves have not only increased the company's revenue but also diversified its service offerings and expanded its market presence. 2. **Expansion of Agent Network**: The company has been focusing on expanding its agent network, which has led to a significant increase in transaction volume and revenue. For example, at the Celebration office, the agent base expanded by 412 agents year-over-year in the first quarter of 2025, driving a 101% year-over-year increase in transaction volume. Similarly, BF Prime, which was acquired in August 2024, has added 55 new agents and reported a 900% increase in transaction volume year-over-year in the first quarter of 2025. This growth in the agent network has been a key driver of the company's revenue growth. Overall, La Rosa Holdings' revenue surge in Q3 2024 can be attributed to its strategic acquisitions and expansion of the agent network, which have collectively contributed to the company's revenue growth despite rising expenses.