Lazydays (LAZY) investor relations material

Executive summary

• Entered into an Asset Purchase Agreement to sell substantially all assets, with closings expected between November 17 and November 26, 2025; proceeds will be used to repay outstanding debt, and the company will dissolve with no expected return to stockholders after liabilities are settled.

• Sold ten dealerships during the nine months ended September 30, 2025, generating $186.6 million in proceeds, primarily used to repay floor plan notes, term loans, and for working capital.

• Board and majority shareholders approved a Plan of Dissolution; after asset sales and debt repayment, no assets are expected to remain for distribution to stockholders.

• Announced delisting from Nasdaq, effective on or about November 28, 2025, with no arrangements for alternative listing.

Financial highlights

• Revenue for Q3 2025 was $101.4 million, down 50.8% year-over-year; gross profit was $19.6 million, down 56.8%.

• Net loss for Q3 2025 was $82.4 million, compared to $19.8 million in Q3 2024; net loss for the nine months ended September 30, 2025 was $116.5 million.

• Adjusted EBITDA for Q3 2025 was $(10.1) million, compared to $(6.8) million in Q3 2024.

• Gross profit margin for Q3 2025 was 19.3%, down from 22.0% in Q3 2024.

• Cash and cash equivalents as of September 30, 2025 were $9.5 million.

Outlook and guidance

• Asset sales are expected to close by November 26, 2025; if not completed, the company anticipates it will not be able to meet liquidity needs and will proceed with dissolution.

• No future operations are expected after asset sales; no distributions to stockholders are anticipated.