Hudson Pacific Properties, Inc.HPPEarnings & Financial Report
Hudson Pacific Properties is a real estate investment trust with 15.8 million square feet of office buildings, 1.5 million square feet of sound stages, and undeveloped rights for 3 million square feet of additional commercial property. Its properties are on the West Coast of the United States and Vancouver. It is organized in Maryland and headquartered in Los Angeles. It is the largest independent operator of sound stages in Los Angeles.
Revenue
$256.0M
Gross Profit
$153.6M
Operating Profit
$-281.1M
Net Profit
$-280.2M
Gross Margin
60.0%
Operating Margin
-109.8%
Net Margin
-109.4%
YoY Growth
22.1%
EPS
$-11.57
Hudson Pacific Properties, Inc. Q4 FY2025 Financial Summary
Hudson Pacific Properties, Inc. reported revenue of $256.0M (up 22.1% YoY) for Q4 FY2025, with a net profit of $-280.2M (down 61.5% YoY) (-109.4% margin). Cost of goods sold was $102.5M, operating expenses totaled $434.7M.
Key Financial Metrics
| Total Revenue | $256.0M |
|---|---|
| Net Profit | $-280.2M |
| Gross Margin | 60.0% |
| Operating Margin | -109.8% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Hudson Pacific Properties, Inc. Q4 FY2025 revenue of $256.0M breaks down across 4 segments, led by Core Office at $217.1M (84.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Core Office | $217.1M | 84.8% |
| Studio Segment | $21.8M | 8.5% |
| Ancillary Revenue | $20.2M | 7.9% |
| Chargebacks | $3.3M | 1.3% |
Hudson Pacific Properties, Inc. Revenue by Segment — Quarterly Trend
Hudson Pacific Properties, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Core Office and Studio Segment) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Core Office | — | — | $217.1M | $150.6M |
| Studio Segment | — | — | $21.8M | $18.5M |
| Ancillary Revenue | — | — | $20.2M | — |
| Chargebacks | — | — | $3.3M | $4.0M |
Hudson Pacific Properties, Inc. Annual Revenue by Year
Hudson Pacific Properties, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $831.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $831.1M |
| 2024 | $842.1M |
| 2023 | $952.3M |
| 2022 | $1.0B |
Hudson Pacific Properties, Inc. Quarterly Revenue & Net Profit History
Hudson Pacific Properties, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $256.0M | +22.1% | $-280.2M | -109.4% |
| Q1 FY2026 | $181.9M | -8.4% | $-50.9M | -28.0% |
| Q4 FY2025 | $256.0M | +22.1% | $-280.2M | -109.4% |
| Q3 FY2025 | $186.6M | -6.9% | $-144.1M | -77.2% |
| Q2 FY2025 | $190.0M | -12.8% | $-87.8M | -46.2% |
| Q1 FY2025 | $198.5M | -7.3% | $-80.3M | -40.5% |
| Q4 FY2024 | $209.7M | -6.2% | $-173.5M | -82.7% |
| Q3 FY2024 | $200.4M | -13.4% | $-107.0M | -53.4% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $200.4M | $209.7M | $198.5M | $190.0M | $186.6M | $256.0M | $181.9M | $256.0M |
| YoY Growth | -13.4% | -6.2% | -7.3% | -12.8% | -6.9% | 22.1% | -8.4% | 22.1% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $8.32B | $8.13B | $8.00B | $8.13B | $7.80B | $7.27B | $7.23B | $7.27B |
| Liabilities | $4.97B | $4.95B | $4.90B | $4.44B | $4.31B | $4.06B | $4.08B | $4.06B |
| Equity | $3.03B | $2.86B | $2.78B | $3.37B | $3.25B | $2.97B | $3.09B | $3.15B |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|
| Operating CF | $63.7M | $164.7M | $30.5M | $-2.0M | $33.2M | $121.0M |