For the twelve months ended Mar 31, 2026, Hudson Pacific Properties Inc. reported $814.50M of revenue and -$550.67M of net income.
HPP revenue was $181.85M in fiscal Q1 2026 (ended Mar 31, 2026), down 8.4% from a year earlier and down 29.0% from the prior quarter. For the full fiscal 2025 it was $831.11M, down 1.3% from fiscal 2024. Compound annual growth was +0.6% over 5 years and +4.8% over 10 years. It rose in 6 of the last 10 fiscal years.
HPP net income was -$53.13M in fiscal Q1 2026 (ended Mar 31, 2026), compared with -$74.71M a year earlier. For the full fiscal 2025 it was -$572.25M, compared with -$364.14M in fiscal 2024.
HPP diluted EPS was -$0.82 in fiscal Q1 2026 (ended Mar 31, 2026). For the full fiscal 2025 it was -$12.81.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $831.11M | $842.08M | $952.30M | $1.03B | $896.84M | $804.97M | $818.18M | $728.42M | $728.14M | $639.64M |
| Gross profit | $403.36M | $388.00M | $501.83M | $612.41M | $560.99M | $505.19M | $516.66M | $460.71M | - | - |
| Selling, general and admin | $72.95M | $79.45M | $74.96M | $79.50M | $71.35M | $77.88M | $71.95M | $61.03M | $54.46M | $52.40M |
| Operating income | - | - | - | - | - | - | - | - | $136.60M | $89.41M |
| Interest expense | $172.22M | $177.39M | $214.41M | $149.90M | $121.94M | $113.82M | $105.10M | $83.17M | $90.04M | $76.04M |
| Pre-tax income | -$592.57M | -$379.76M | -$163.90M | -$16.52M | $29.01M | - | - | - | - | - |
| Income tax | -$273.0K | $1.64M | $6.80M | $0 | $0 | -$1.00M | $0 | $0 | $0 | $0 |
| Net income | -$572.25M | -$364.14M | -$192.18M | -$56.50M | $6.06M | $383.0K | $42.73M | $98.09M | $67.59M | $27.22M |
| EPS, basic | -$12.81 | -$18.05 | -$9.54 | -$2.73 | $0.28 | $0.00 | $1.96 | $4.41 | $3.08 | $1.82 |
| EPS, diluted | -$12.81 | -$18.05 | -$9.54 | -$2.73 | $0.28 | $0.00 | $1.96 | $4.41 | $3.08 | $1.75 |
| Diluted shares | 44.7M | 20.2M | 20.1M | 20.5M | 21.7M | 21.9M | 22.4M | 22.2M | 22.0M | 15.8M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $138.36M | $99.18M | $100.39M | $255.76M | $96.56M | $113.69M | $46.22M | $53.74M | $78.92M | $83.02M |
| Inventory | - | - | - | $4.91M | $1.58M | $0 | - | - | - | - |
| Goodwill | $8.75M | $156.53M | $264.14M | $263.55M | $109.40M | $8.80M | $8.75M | $8.75M | $8.75M | $8.75M |
| Total assets | $7.27B | $8.13B | $8.28B | $9.32B | $8.99B | $8.35B | $7.47B | $7.07B | $6.62B | $6.68B |
| Total debt | - | - | - | - | - | - | - | $2.62B | $2.42B | $2.47B |
| Total liabilities | $4.06B | $4.95B | $4.72B | $5.43B | $4.65B | $4.24B | $3.62B | $3.12B | $2.70B | $2.97B |
| Shareholders' equity | $2.97B | $3.12B | $3.49B | $3.75B | $4.20B | $3.97B | $3.71B | $3.83B | $3.91B | $3.70B |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $120.98M | $164.66M | $232.26M | $369.50M | $314.86M | $302.03M | $288.01M | $214.63M | $292.96M | $226.77M |
| Investing cash flow | $42.84M | -$250.54M | $467.84M | -$378.09M | -$754.21M | -$1.01B | -$316.41M | -$392.33M | -$333.04M | -$524.90M |
| Financing cash flow | -$100.87M | $65.90M | -$866.67M | $97.45M | $486.68M | $796.09M | $18.46M | $144.62M | $33.17M | $334.75M |
| Dividends paid | $351.0K | $15.38M | $54.96M | $145.43M | $154.56M | $155.00M | $157.82M | $157.00M | $158.54M | $117.82M |
| Share repurchases | $0 | $0 | $1.37M | $37.21M | $46.14M | $80.21M | $0 | $50.00M | $0 | $0 |
| Stock-based compensation | $30.40M | $26.01M | $23.86M | $24.30M | $21.16M | $22.72M | $19.48M | $17.03M | $15.08M | $14.14M |
| Depreciation and amortization | $374.97M | $354.43M | $397.85M | $373.22M | $343.61M | $299.68M | $282.09M | $251.00M | $283.57M | $269.09M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -1.3% | -11.6% | -7.2% | 14.4% | 11.4% | -1.6% | 12.3% | 0.0% | 13.8% | 22.8% |
| Net income growth, YoY | - | - | - | - | 1483.3% | -99.1% | -56.4% | 45.1% | 148.3% | - |
| EPS growth, YoY | - | - | - | - | - | -100.0% | -55.6% | 43.2% | 76.0% | - |
| Gross margin | 48.5% | 46.1% | 52.7% | 59.7% | 62.6% | 62.8% | 63.1% | 63.2% | - | - |
| Operating margin | - | - | - | - | - | - | - | - | 18.8% | 14.0% |
| Net margin | -68.9% | -43.2% | -20.2% | -5.5% | 0.7% | 0.0% | 5.2% | 13.5% | 9.3% | 4.3% |
| Return on equity | -19.3% | -11.7% | -5.5% | -1.5% | 0.1% | 0.0% | 1.2% | 2.6% | 1.7% | 0.7% |
| Return on assets | -7.9% | -4.5% | -2.3% | -0.6% | 0.1% | 0.0% | 0.6% | 1.4% | 1.0% | 0.4% |
| Debt to equity | - | - | - | - | - | - | - | 0.69 | 0.62 | 0.67 |
| Line item | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $181.85M | $256.03M | $186.62M | $190.00M | $198.46M | $209.67M | $200.39M | $218.00M | $214.02M | $223.42M | $231.44M | $245.17M |
| Gross profit | $80.32M | $153.56M | $82.66M | $81.95M | $85.20M | $93.74M | $85.55M | $104.74M | $103.97M | $107.88M | $119.27M | $133.72M |
| Selling, general and admin | $12.57M | $12.98M | $13.71M | $27.78M | $18.48M | $19.49M | $19.54M | $20.70M | $19.71M | $19.78M | $17.51M | $18.94M |
| Interest expense | $37.99M | $38.85M | $41.73M | $48.14M | $43.51M | $44.14M | $45.01M | $44.16M | $44.09M | $52.38M | $53.58M | $54.65M |
| Pre-tax income | -$50.56M | -$281.12M | -$144.06M | -$87.31M | -$80.08M | -$174.53M | -$104.83M | -$47.05M | -$53.35M | -$82.57M | -$36.18M | -$25.17M |
| Income tax | $348.0K | -$945.0K | $24.0K | $454.0K | $194.0K | -$1.05M | $2.18M | $510.0K | $0 | $6.08M | -$425.0K | $6.30M |
| Net income | -$53.13M | -$277.92M | -$136.47M | -$83.15M | -$74.71M | -$167.00M | -$97.92M | -$47.03M | -$52.20M | -$97.99M | -$37.60M | -$36.16M |
| EPS, basic | -$0.82 | - | -$2.10 | -$2.87 | -$3.70 | -$8.32 | -$4.83 | -$2.31 | -$2.59 | -$4.85 | -$1.89 | -$1.82 |
| EPS, diluted | -$0.82 | - | -$2.10 | -$2.87 | -$3.70 | -$8.32 | -$4.83 | -$2.31 | -$2.59 | -$4.85 | -$1.89 | -$1.82 |
| Diluted shares | 64.5M | - | 64.4M | 29.0M | 20.2M | - | 20.2M | 20.2M | 20.2M | - | 20.1M | 20.1M |
| Line item | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $138.01M | $138.36M | $190.44M | $236.03M | $133.93M | $99.18M | $113.94M | $99.94M | $133.57M | $100.39M | $75.04M | $109.22M |
| Inventory | - | - | - | - | - | - | - | - | - | - | $5.95M | $5.69M |
| Goodwill | $8.75M | $8.75M | $156.53M | $156.53M | $156.53M | $156.53M | $264.14M | $264.14M | $264.14M | $264.14M | $263.55M | $263.55M |
| Total assets | $7.23B | $7.27B | $7.80B | $8.13B | $8.00B | $8.13B | $8.32B | $8.35B | $8.25B | $8.28B | $8.99B | $9.11B |
| Total liabilities | $4.08B | $4.06B | $4.31B | $4.44B | $4.90B | $4.95B | $4.97B | $4.90B | $4.80B | $4.72B | $5.26B | $5.33B |
| Shareholders' equity | $2.92B | $2.97B | $3.25B | $3.63B | $3.04B | $3.12B | $3.29B | $3.40B | $3.39B | $3.49B | $3.60B | $3.65B |
| Line item | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $44.29M | $59.30M | $33.18M | -$2.04M | $30.54M | $162.0K | $63.74M | $35.62M | $65.13M | $9.22M | $71.36M | $59.17M |
| Investing cash flow | -$34.31M | $106.94M | -$56.02M | -$24.02M | $15.95M | -$54.78M | -$74.73M | -$49.67M | -$71.36M | $592.35M | -$31.09M | -$103.91M |
| Financing cash flow | -$9.67M | -$218.56M | -$29.84M | $159.26M | -$11.73M | $39.86M | $24.98M | -$19.58M | $20.65M | -$576.50M | -$73.97M | -$10.35M |
| Dividends paid | $557.0K | -$2.0K | $0 | $0 | $353.0K | $0 | $0 | $7.51M | $7.87M | $0 | $0 | $18.30M |
| Share repurchases | - | - | - | - | - | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-based compensation | $1.94M | $3.79M | $3.58M | $17.89M | $5.14M | $6.56M | $5.96M | $6.92M | $6.57M | $6.78M | $5.54M | $6.31M |
| Depreciation and amortization | $80.72M | $93.05M | $94.08M | $94.75M | $93.08M | $89.10M | $86.67M | $86.80M | $91.85M | $103.19M | $98.58M | $98.94M |
| Line item | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -8.4% | 22.1% | -6.9% | -12.8% | -7.3% | -6.2% | -13.4% | -11.1% | -15.2% | -17.2% | -11.1% | -2.5% |
| Gross margin | 44.2% | 60.0% | 44.3% | 43.1% | 42.9% | 44.7% | 42.7% | 48.0% | 48.6% | 48.3% | 51.5% | 54.5% |
| Net margin | -29.2% | -108.6% | -73.1% | -43.8% | -37.6% | -79.6% | -48.9% | -21.6% | -24.4% | -43.9% | -16.2% | -14.8% |
Source: XBRL data Hudson Pacific Properties Inc. files with the SEC, latest filing dated May 8, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-7, first reported Feb 27, 2026.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| HPP | $814.50M | -1.5% | -$550.67M | -67.6% | $460.5M |
| CBRE | $45.01B | +14.8% | $1.38B | 3.1% | $39.05B |
| BEKE | CN¥94.58B | +1.2% | CN¥2.99B | 3.2% | $21.30B |
| JLL | $28.20B | +11.4% | $1.10B | 3.9% | $16.94B |
| INVH | $2.90B | +7.2% | $682.40M | 23.5% | $15.61B |
| CSGP | $3.67B | +20.2% | $179.00M | 4.9% | $12.29B |
| COMP | $12.61B | +89.8% | $133.50M | 1.1% | $7.73B |
| TRNO | $518.86M | +17.2% | $353.32M | 68.1% | $7.33B |
| FSV | $5.50B | +5.4% | $145.05M | 2.6% | $6.42B |