Lazydays Holdings, Inc. reported a 44.2 percent revenue decline in the second quarter after selling several RV dealerships to improve profitability. The net loss narrowed to $24.6 million, down from $44.2 million in the same period in 2024.
Total revenue for the second quarter 2025 was $131.3 million compared to $235.6 million for the same period in 2024. New vehicle sales fell to $77.5 million from $143.3 million, while pre-owned vehicle sales declined to $29.5 million from $57.3 million.
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.”
Lazydays 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 negative $6.2 million compared to adjusted EBITDA of negative $9.4 million for the same period in 2024.
In the half, sales declined 40.9 percent to $175.0 million from $296.0 million. Losses narrowed to $34.1 million from $66.2 million a year ago.
During the quarter, Lazydays sold its Tulsa, OK dealership to Ron Hoover RV & Marine, as well as dealerships in Longmont, CO; Ft. Pierce, FL; and Mesa, AZ, to General R.V. Center, Inc. It now has 14 locations.
Image courtesy Lazydays
