HPP (Hudson Pacific Properties, Inc.) Stock Financials & Earnings | Market Cap Arena

HPP (Hudson Pacific Properties, Inc.) Stock Financials & Earnings | Market Cap Arena

HPPHudson Pacific Properties, Inc.

Mkt Cap$360M

Real Estate·REIT - Office·🇺🇸 United States·NYSE

Revenue (TTM)$831M

Net Income (TTM)-$552M

EPS (TTM)-$12.99

Free Cash Flow (TTM)$99M

Gross Margin-42.1%

Op. Margin-5.7%

Net Margin-66.4%

FCF Margin11.9%

P/S Ratio (TTM)0.4x

P/E Ratio (TTM)—

YoY Rev Growth-1.3%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$252M	$139M	$120M
Q2 23	$244M	$136M	$117M
Q3 23	$231M	$119M	$101M
Q4 23	$222M	$106M	$86M
Q1 24	$214M	$104M	-$8M
Q2 24	$218M	$105M	-$3M
Q3 24	$200M	$86M	-$21M
Q4 24	$210M	$94M	-$15M
Q1 25	$198M	$85M	-$26M
Q2 25	$190M	$82M	-$41M
Q3 25	$187M	$83M	-$25M
Q4 25	$256M	-$600M	$45M

Valuation

Quarter	P/S	P/E
Q1 23	0.3x	—
Q2 23	0.4x	—
Q3 23	0.4x	—
Q4 23	0.4x	—
Q1 24	0.4x	—
Q2 24	0.4x	—
Q3 24	0.4x	—
Q4 24	0.4x	—
Q1 25	0.4x	—
Q2 25	0.5x	—
Q3 25	0.5x	—
Q4 25	0.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$93M	$92M
Q2 23	$59M	$58M
Q3 23	$71M	$69M
Q4 23	$9M	$8M
Q1 24	$65M	$60M
Q2 24	$36M	$30M
Q3 24	$64M	$56M
Q4 24	$162K	-$5M
Q1 25	$31M	$26M
Q2 25	-$2M	-$8M
Q3 25	$33M	$28M
Q4 25	$59M	$53M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$774K
Q2 23	$876K
Q3 23	$3M
Q4 23	$1M
Q1 24	$5M
Q2 24	$5M
Q3 24	$8M
Q4 24	$5M
Q1 25	$5M
Q2 25	$6M
Q3 25	$5M
Q4 25	$6M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+2.9%	-36.4%
Q2 23	-2.8%	-40.1%
Q3 23	-11.1%	-39.2%
Q4 23	-17.9%	-41.5%
Q1 24	-14.9%	+68.9%
Q2 24	-10.8%	+72.7%
Q3 24	-13.4%	+69.5%
Q4 24	-5.4%	+65.7%
Q1 25	-7.3%	+1.4%
Q2 25	-12.8%	+4.4%
Q3 25	-6.9%	-4.2%
Q4 25	+22.1%	-5.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$5M	2.1%
Q2 23	$6M	2.6%
Q3 23	$6M	2.4%
Q4 23	$7M	3.1%
Q1 24	$7M	3.1%
Q2 24	$7M	3.2%
Q3 24	$6M	3.0%
Q4 24	$7M	3.1%
Q1 25	$5M	2.6%
Q2 25	$18M	9.4%
Q3 25	$4M	1.9%
Q4 25	$4M	1.5%

OpEx Breakdown

Quarter	G&A
Q1 23	$19M
Q2 23	$19M
Q3 23	$18M
Q4 23	$20M
Q1 24	$20M
Q2 24	$21M
Q3 24	$20M
Q4 24	$19M
Q1 25	$18M
Q2 25	$28M
Q3 25	$14M
Q4 25	$13M

Revenue Segments

Quarter	Office Segment	Studio Segment
Q1 23	$207M	$46M
Q2 23	$207M	$38M
Q3 23	$204M	$28M
Q4 23	$195M	$29M
Q1 24	$175M	$39M
Q2 24	$176M	$42M
Q3 24	$167M	$33M
Q4 24	$174M	$35M
Q1 25	$165M	$33M
Q2 25	$156M	$34M
Q3 25	$155M	$32M
Q4 25	$220M	$36M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$163M	$0	$163M
Q2 23	$109M	$0	$109M
Q3 23	$75M	$0	$75M
Q4 23	$100M	$0	$100M
Q1 24	$114M	$0	$114M
Q2 24	$78M	$0	$78M
Q3 24	$91M	$0	$91M
Q4 24	$63M	$0	$63M
Q1 25	$86M	$0	$86M
Q2 25	$236M	$0	$236M
Q3 25	$190M	$0	$190M
Q4 25	$138M	$0	$138M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	20M	+0.1%
Q2 23	20M	-0.1%
Q3 23	20M	+0.0%
Q4 23	20M	+0.0%
Q1 24	20M	+0.1%
Q2 24	20M	+0.0%
Q3 24	20M	+0.0%
Q4 24	20M	-0.0%
Q1 25	20M	+0.1%
Q2 25	29M	+43.3%
Q3 25	64M	+122.5%
Q4 25	45M	-30.7%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$2M	151
FY 15	$2M	234
FY 16	$2M	257
FY 17	$3M	257
FY 18	$2M	311
FY 19	$2M	347
FY 20	$2M	375
FY 21	$2M	560
FY 22	$1M	885
FY 23	$1M	758
FY 24	$1M	740
FY 25	$1M	607