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Side-by-side financial comparison of Hudson Pacific Properties, Inc. (HPP) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.

Hudson Pacific Properties, Inc. is the larger business by last-quarter revenue ($256.0M vs $188.3M, roughly 1.4× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -109.4%, a 157.4% gap on every dollar of revenue. On growth, Hudson Pacific Properties, Inc. posted the faster year-over-year revenue change (22.1% vs -21.9%). Over the past eight quarters, Hudson Pacific Properties, Inc.'s revenue compounded faster (9.4% CAGR vs -15.4%).

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.

HPP vs RILY — Head-to-Head

Bigger by revenue
HPP
HPP
1.4× larger
HPP
$256.0M
$188.3M
RILY
Growing faster (revenue YoY)
HPP
HPP
+44.0% gap
HPP
22.1%
-21.9%
RILY
Higher net margin
RILY
RILY
157.4% more per $
RILY
47.9%
-109.4%
HPP
Faster 2-yr revenue CAGR
HPP
HPP
Annualised
HPP
9.4%
-15.4%
RILY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HPP
HPP
RILY
RILY
Revenue
$256.0M
$188.3M
Net Profit
$-280.2M
$90.3M
Gross Margin
60.0%
79.5%
Operating Margin
-109.8%
32.3%
Net Margin
-109.4%
47.9%
Revenue YoY
22.1%
-21.9%
Net Profit YoY
-61.5%
1710.8%
EPS (diluted)
$-11.57
$2.78

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HPP
HPP
RILY
RILY
Q4 25
$256.0M
$188.3M
Q3 25
$186.6M
$215.3M
Q2 25
$190.0M
$188.2M
Q1 25
$198.5M
$197.2M
Q4 24
$209.7M
$241.0M
Q3 24
$200.4M
$225.5M
Q2 24
$218.0M
$256.0M
Q1 24
$214.0M
$263.4M
Net Profit
HPP
HPP
RILY
RILY
Q4 25
$-280.2M
$90.3M
Q3 25
$-144.1M
$91.1M
Q2 25
$-87.8M
$139.5M
Q1 25
$-80.3M
$-10.0M
Q4 24
$-173.5M
$-5.6M
Q3 24
$-107.0M
$-284.4M
Q2 24
$-47.6M
$-433.6M
Q1 24
$-53.4M
$-49.2M
Gross Margin
HPP
HPP
RILY
RILY
Q4 25
60.0%
79.5%
Q3 25
44.3%
83.7%
Q2 25
43.1%
81.3%
Q1 25
42.9%
81.4%
Q4 24
44.7%
79.8%
Q3 24
42.7%
82.1%
Q2 24
48.0%
84.5%
Q1 24
48.6%
85.3%
Operating Margin
HPP
HPP
RILY
RILY
Q4 25
-109.8%
32.3%
Q3 25
-77.2%
30.4%
Q2 25
-46.0%
5.7%
Q1 25
-40.4%
-31.2%
Q4 24
-83.2%
-69.2%
Q3 24
-52.3%
-36.4%
Q2 24
-21.6%
-90.8%
Q1 24
-24.9%
-6.1%
Net Margin
HPP
HPP
RILY
RILY
Q4 25
-109.4%
47.9%
Q3 25
-77.2%
42.3%
Q2 25
-46.2%
74.1%
Q1 25
-40.5%
-5.1%
Q4 24
-82.7%
-2.3%
Q3 24
-53.4%
-126.1%
Q2 24
-21.8%
-169.4%
Q1 24
-24.9%
-18.7%
EPS (diluted)
HPP
HPP
RILY
RILY
Q4 25
$-11.57
$2.78
Q3 25
$-0.30
$2.91
Q2 25
$-0.41
$4.50
Q1 25
$-0.53
$-0.39
Q4 24
$-1.19
$-0.01
Q3 24
$-0.69
$-9.39
Q2 24
$-0.33
$-14.35
Q1 24
$-0.37
$-1.71

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HPP
HPP
RILY
RILY
Cash + ST InvestmentsLiquidity on hand
$138.4M
$226.6M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$3.0B
$-171.5M
Total Assets
$7.3B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPP
HPP
RILY
RILY
Q4 25
$138.4M
$226.6M
Q3 25
$190.4M
$184.2M
Q2 25
$236.0M
$267.4M
Q1 25
$86.5M
$138.3M
Q4 24
$63.3M
$146.9M
Q3 24
$90.7M
$159.2M
Q2 24
$78.5M
$236.9M
Q1 24
$114.3M
$190.7M
Total Debt
HPP
HPP
RILY
RILY
Q4 25
$1.4B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.4B
Q4 24
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HPP
HPP
RILY
RILY
Q4 25
$3.0B
$-171.5M
Q3 25
$3.2B
$-260.5M
Q2 25
$3.4B
$-351.7M
Q1 25
$2.8B
$-496.8M
Q4 24
$2.9B
$-488.2M
Q3 24
$3.0B
$-497.6M
Q2 24
$3.1B
$-218.3M
Q1 24
$3.2B
$228.4M
Total Assets
HPP
HPP
RILY
RILY
Q4 25
$7.3B
$1.7B
Q3 25
$7.8B
$1.7B
Q2 25
$8.1B
$1.5B
Q1 25
$8.0B
$1.5B
Q4 24
$8.1B
$1.8B
Q3 24
$8.3B
$2.2B
Q2 24
$8.4B
$3.2B
Q1 24
$8.3B
$5.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HPP
HPP
RILY
RILY
Operating Cash FlowLast quarter
$121.0M
$26.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.29×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPP
HPP
RILY
RILY
Q4 25
$121.0M
$26.2M
Q3 25
$33.2M
$-60.6M
Q2 25
$-2.0M
$-25.6M
Q1 25
$30.5M
$184.0K
Q4 24
$164.7M
$-2.7M
Q3 24
$63.7M
$19.5M
Q2 24
$35.6M
$111.5M
Q1 24
$65.1M
$135.4M
Cash Conversion
HPP
HPP
RILY
RILY
Q4 25
0.29×
Q3 25
-0.66×
Q2 25
-0.18×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HPP
HPP

Core Office$217.1M85%
Studio Segment$21.8M9%
Ancillary Revenue$20.2M8%
Chargebacks$3.3M1%

RILY
RILY

Transferred At Point In Time$101.4M54%
Wealth Management Segment$30.7M16%
Corporate Finance Consulting And Investment Banking Fees$27.1M14%
Services And Fees$24.8M13%
Commissions Fees And Reimbursed Expenses$4.8M3%

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