HPP · Hudson Pacific Properties, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $181.85M | - | $186.62M | $190.00M | $198.46M | - | $200.39M | $218.00M | $214.02M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | $80.32M | - | $82.66M | $81.95M | $85.20M | - | $85.55M | $104.74M | $103.97M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $12.57M | - | $13.71M | $27.78M | $18.48M | - | $19.54M | $20.70M | $19.71M | - |
| Total Operating Expenses | $194.83M | - | $211.75M | $230.58M | $224.83M | - | $221.06M | $220.76M | $221.62M | - |
| D&A | $80.72M | - | $94.08M | $94.75M | $93.08M | - | $86.67M | $86.80M | $91.85M | - |
| Operating Income | ($50.56M) | - | ($144.06M) | ($87.31M) | ($80.08M) | - | ($104.83M) | ($47.05M) | ($53.35M) | - |
| Interest Expense | $37.99M | - | $41.73M | $48.14M | $44.09M | - | $53.58M | $54.65M | $44.09M | - |
| Income Tax | $348.0K | - | $24.0K | $454.0K | $194.0K | - | $2.18M | $510.0K | $0 | - |
| Net Income | ($53.13M) | - | ($136.47M) | ($83.15M) | ($74.71M) | - | ($97.92M) | ($47.03M) | ($52.20M) | - |
| EPS - Basic | ($0.82) | - | ($2.10) | ($2.87) | ($3.71) | - | ($4.83) | ($2.31) | ($2.59) | - |
| EPS - Diluted | ($0.82) | - | ($2.10) | ($2.87) | ($3.71) | - | ($4.83) | ($2.31) | ($2.59) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $138.01M | $138.36M | $190.44M | $236.03M | $86.47M | $63.26M | $90.69M | $78.46M | $114.31M | $100.39M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $7.23B | $7.27B | $7.80B | $8.13B | $8.00B | $8.13B | $8.32B | $8.35B | $8.25B | $8.28B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $4.08B | $4.06B | $4.31B | $4.44B | $4.90B | $4.95B | $4.97B | $4.90B | $4.80B | $4.72B |
| Stockholders' Equity | $2.92B | $2.97B | $3.25B | $3.37B | $2.78B | $2.86B | $3.03B | $3.13B | $3.18B | $3.08B |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $44.29M | - | - | - | $30.54M | - | - | - | $65.13M | - |
| Investing Cash Flow | ($34.31M) | - | - | - | $15.95M | - | - | - | ($71.36M) | - |
| Financing Cash Flow | ($9.67M) | - | - | - | ($11.73M) | - | - | - | $20.65M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 44.2% | - | 44.3% | 43.1% | 42.9% | - | 42.7% | 48.0% | 48.6% | - |
| Operating margin | -27.8% | - | -77.2% | -46.0% | -40.4% | - | -52.3% | -21.6% | -24.9% | - |
| EBITDA margin | 16.6% | - | -26.8% | 3.9% | 6.6% | - | -9.1% | 18.2% | 18.0% | - |
| Net margin | -29.2% | - | -73.1% | -43.8% | -37.6% | - | -48.9% | -21.6% | -24.4% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 6.9% | - | 7.3% | 14.6% | 9.3% | - | 9.8% | 9.5% | 9.2% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -0.7% | - | -1.8% | -1.0% | -0.9% | - | -1.2% | -0.6% | -0.6% | - |
| Return on equity | -1.8% | - | -4.2% | -2.5% | -2.7% | - | -3.2% | -1.5% | -1.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -1.3x | - | -3.5x | -1.8x | -1.8x | - | -2.0x | -0.9x | -1.2x | - |
| Equity multiplier | 2.48 | 2.45 | 2.40 | 2.41 | 2.87 | 2.85 | 2.75 | 2.67 | 2.59 | 2.69 |
| Liabilities / Assets | 0.56 | 0.56 | 0.55 | 0.55 | 0.61 | 0.61 | 0.60 | 0.59 | 0.58 | 0.57 |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | - | 0.02 | 0.02 | 0.02 | - | 0.02 | 0.03 | 0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.1x | - | 2.7x | 1.2x | 1.0x | - | 1.6x | 1.5x | 2.0x | - |
| P / S | 2.1x | - | 46.7x | 20.5x | 14.7x | - | 23.6x | 21.8x | 29.8x | - |
| EV / EBITDA | 8.1x | - | - | 490.4x | 217.9x | - | - | 117.6x | 162.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -8.4% | - | -6.9% | -12.8% | -7.3% | - | -13.4% | -11.1% | -15.2% | - |
| Revenue CAGR (3y) | -10.3% | - | -10.5% | -8.9% | -6.7% | - | -4.2% | 0.4% | 0.1% | - |
| Revenue CAGR (5y) | -3.1% | - | -1.0% | -0.9% | -0.8% | - | -0.8% | 2.1% | 1.6% | - |
| Gross profit growth (YoY) | -5.7% | - | -3.4% | -21.8% | -18.0% | - | -28.3% | -21.7% | -26.2% | - |
| Operating income growth (YoY) | 36.9% | - | -37.4% | -85.6% | -50.1% | - | -189.8% | -86.9% | - | - |
| Net income growth (YoY) | 28.9% | - | -39.4% | -76.8% | -43.1% | - | -160.4% | -30.0% | -155.6% | - |
| EPS growth (YoY) | 77.9% | - | 56.5% | -24.2% | -43.2% | - | -1688.9% | -788.5% | -1750.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 4.9% | 4.1% | 7.3% | 7.5% | -12.6% | -7.2% | -4.8% | -2.7% | -2.2% | -6.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$94.46M totalStudio Segment$80.19M · 84.9%
Office Segment$14.27M · 15.1%
Product / service
$790.52M totalCore Office$682.60M · 86.3%
Ancillary Revenue$75.18M · 9.5%
Other Revenues$17.13M · 2.2%
Chargebacks$13.46M · 1.7%
Studio Related Tenant Recoveries$2.15M · 0.3%
Peer comparison
Same SIC group: Real Estate
Comparing Hudson Pacific Properties against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months · -100.0% YoY
| Ex-date | Per share |
|---|---|
| Jun 17, 2024 | $0.3500 |
| Mar 15, 2024 | $0.3500 |
| Jun 16, 2023 | $0.8750 |
| Mar 17, 2023 | $1.7500 |
| Dec 16, 2022 | $1.7500 |
| Sep 16, 2022 | $1.7500 |
| Jun 16, 2022 | $1.7500 |
| Mar 18, 2022 | $1.7500 |
| Dec 17, 2021 | $1.7500 |
| Sep 17, 2021 | $1.7500 |
| Jun 17, 2021 | $1.7500 |
| Mar 18, 2021 | $1.7500 |
| Dec 18, 2020 | $1.7500 |
| Sep 17, 2020 | $1.7500 |
| Jun 18, 2020 | $1.7500 |
| Mar 19, 2020 | $1.7500 |
| Dec 19, 2019 | $1.7500 |
| Sep 19, 2019 | $1.7500 |
| Jun 14, 2019 | $1.7500 |
| Mar 15, 2019 | $1.7500 |
| Dec 14, 2018 | $1.7500 |
| Sep 17, 2018 | $1.7500 |
| Jun 18, 2018 | $1.7500 |
| Mar 16, 2018 | $1.7500 |