LavaBox Net Worth 2025: From a Rafting Joke to a Million-Dollar Business

LavaBox net worth is estimated at $3.168 million in 2025, making it one of the most resilient startups to emerge from Shark Tank. Though a deal was struck on the show, founder Josh Thurmond walked away to keep 100% ownership. Since then, the company has continued to grow, driven by strong sales, smart branding, and a clear mission.

If you’ve seen LavaBox on Shark Tank or visited their website, you’ve probably wondered: What happened to LavaBox after Shark Tank? This article has the full story, from the company’s pitch to its revenue numbers and business direction in 2025.

LavaBox Net Worth in 2025

Based on verified LavaBox revenue and profit margins, the LavaBox company valuation in 2025 is estimated at $1.2M–$1.5M.

Multiple sharks were interested:

• Kevin O’Leary offered $200K for 20%
• Daymond John matched that with a licensing focus
• Lori Greiner offered $200K for 15% plus $0.75 per unit in royalties

After negotiation, Josh accepted Lori’s revised deal: $200K for 12.5% equity + royalty. However, the deal did not close. Josh later revealed he walked away to retain control, citing strong financial health and a focus on mission alignment.

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Lavabox Net Worth Estimate Calculation:

LavaBox’s net worth (the company’s total value) in 2025, like determining how much someone might pay to buy the business. We’ll use the company’s sales (revenue) and multiply it by a number (called a “multiple”) that reflects how valuable similar businesses are. This is called the times-revenue method, explained by Investopedia: Times-Revenue Method. Here’s how it works, step by step:

Step 1: Find LavaBox’s Sales (Revenue)

We need to know how much money LavaBox makes from selling its portable campfires. Here’s what we know from trusted sources:

• 2022 Sales: LavaBox earned $1.2 million
• 2023 Sales: Founder Josh Thurmond said sales would be over $1 million, per MoCo Show. To be safe, let’s assume $1.1 million (slightly above $1 million, as no exact figure is given).

What about 2024 and 2025? We don’t have those numbers, but we can estimate based on how LavaBox has grown:

• After appearing on Shark Tank in 2023, sales jumped (e.g., 260 units sold in one day), and the company added more stores (21 retailers).
• LavaBox’s website and interviews show steady growth through direct sales and new products like the BoomBox, set for 2025.

Let’s assume LavaBox grows by 20% each year, a reasonable rate for a small outdoor gear company with Shark Tank fame:

• 2024 Sales: Start with 2023’s $1.1 million. Add 20% growth:
  • $1.1 million × 1.20 = $1.32 million.
• 2025 Sales: Take 2024’s $1.32 million and add another 20% growth:
  • $1.32 million × 1.20 = $1.584 million.

So, we estimate LavaBox will make $1.584 million in sales in 2025.

Step 2: Choose a Multiplier

The multiplier is a number we use to turn sales into a company’s value. It depends on how profitable and promising the business is. For small companies selling outdoor gear like LavaBox, the multiplier is usually 1 to 3, per Investopedia: Times-Revenue Method. Here’s why we’ll pick 2:

• Why Higher Than 1? LavaBox makes a lot of profit on each sale. Each campfire costs ~$29 to make but sells for ~$195. That’s a profit of $166 per unit, or about 85% of the price, which is very high. In mid-2022, they made $310,000 profit on $610,000 sales, a 50% overall profit rate. High profits make a company more valuable.
• Why Not 3? LavaBox is small (2–10 employees), competes with brands like Ignik, and grows steadily but not super fast (not like a tech company). A multiplier of 3 is for businesses with explosive growth, which doesn’t fit LavaBox’s profile.

A multiplier of 2 is fair, balancing LavaBox’s strong profits with its small size and steady growth.

Step 3: Calculate the Net Worth

Now, multiply the 2025 sales by the multiplier:

• 2025 Sales: $1.584 million.
• Multiplier: 2.
• Lavabox Net Worth: $1.584 million × 2 = $3.168 million.

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What Is LavaBox and Who Is Behind It?

LavaBox is a portable propane-powered campfire system built into a rugged military-style ammo can. It’s designed as a safer, wildfire-compliant alternative to wood campfires. The core idea was sparked during a rafting trip in Colorado in 2020, when open flames were banned.

Josh Thurmond, a former raft guide and disability program developer, is the inventor and sole owner of LavaBox. His mission: make outdoor adventure safer while supporting environmental causes and eventually hiring people with disabilities to run operations.

LavaBox Business Growth Since Shark Tank

Despite not finalizing the deal, LavaBox saw a significant boost in sales and brand awareness after the show.

• Lower customer acquisition costs
• Spike in web traffic and orders
• Increased engagement on Facebook and TikTok

Today, LavaBox sells directly via fireanytime.com and through hand-picked outdoor retailers. They prioritize small, local shops and maintain a referral program to expand their footprint.

Yes—LavaBox is still in business and continues to grow sustainably.

What Makes LavaBox Unique?

While other propane fire pits exist, LavaBox portable campfire products stand out for a few reasons:

• Built inside ammo cans for extreme durability
• Compliant with Stage II fire bans, making it usable when wood fires are not
• Easy to carry, cook on, and pack for rafting, camping, or tailgating
• Models include the Original, Hekla, Naked LavaBox, and the upcoming BoomBox (a combo stove + Dutch oven)
• Offers grills, bags, etching, and safety accessories

With a pending patent on its burner and a granted patent on its propane tank insulator, LavaBox is locking down its IP as it scales.

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LavaBox Founder’s Mission and Social Impact

Josh Thurmond isn’t just building a firepit brand—he’s building a purpose-driven company.

Diagnosed with a disability early in life, Josh has long worked with people with disabilities in outdoor programs. LavaBox aims to become a workplace run by people with disabilities, merging accessibility with entrepreneurship.

In addition, LavaBox donates $1 per sale to Protect Our Rivers, funds cleanups, and supports veteran-focused nonprofits like Team River Runner.

What Customers Say: Is LavaBox Worth It?

Customer reviews on LavaBox products are overwhelmingly positive:

• “Works even during fire bans”

Some reviewers noted minor downsides:

• Still, for most, the $195 price point feels justified by the portability, safety, and rugged quality.

With continued bootstrapped success, Thurmond is exploring intellectual property licensing, potential big-box retail partnerships, and expanding their team—all while staying grounded in their mission.

What’s Next for LavaBox?

Looking ahead, LavaBox plans to launch the BoomBox in May 2025, a multi-functional fire pit built for cooking and warmth.

With continued bootstrapped success, Thurmond is exploring intellectual property licensing, potential big-box retail partnerships, and expanding their team—all while staying grounded in their mission.

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Final Take

If you’re still wondering how much is LavaBox worth, the answer is grounded in numbers and intent:

• Lavabox Net Worth: $3.168 million
• Ownership: 100% by the founder
• Business Model: Direct-to-consumer + small retailers
• Profitability: Strong margins, no debt, self-sustained
• Mission: Built on inclusion, safety, and conservation

LavaBox net worth isn’t just about money—it’s a case study in how a small, thoughtful company can build long-term value without giving away its soul.