Hudson Pacific Properties (HPP) financial statements
Hudson Pacific Properties reported revenue of $831M in fiscal 2025, up 3.0% a year over 9 years.
Net income was -$572M.
The diluted share count rose 183% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hudson Pacific Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $640M | $728M | $728M | $818M | $805M | $897M | $1.0B | $952M | $842M | $831M |
| Gross profit | — | — | $461M | $517M | $505M | $561M | $612M | $502M | $388M | $403M |
| Selling, general and admin | $52M | $54M | $61M | $72M | $78M | $71M | $80M | $75M | $79M | $73M |
| Operating income | $89M | $137M | — | — | — | — | — | — | — | — |
| Interest expense | $76M | $90M | $83M | $105M | $114M | $122M | $150M | $214M | $177M | $172M |
| Pre-tax income | — | — | — | — | — | $29M | -$17M | -$164M | -$380M | -$593M |
| Income tax | $0 | $0 | $0 | $0 | -$1M | $0 | $0 | $7M | $2M | -$273,000 |
| Net income | $27M | $68M | $98M | $43M | $383,000 | $6M | -$56M | -$192M | -$364M | -$572M |
| EPS (diluted) | $1.75 | $3.08 | $4.41 | $1.96 | $0.00 | $0.28 | -$2.73 | -$9.54 | -$18.05 | -$12.81 |
| Diluted shares | 16M | 22M | 22M | 22M | 22M | 22M | 21M | 20M | 20M | 45M |
| Gross margin | — | — | 63.2% | 63.1% | 62.8% | 62.6% | 59.7% | 52.7% | 46.1% | 48.5% |
| Operating margin | 14.0% | 18.8% | — | — | — | — | — | — | — | — |
| Net margin | 4.3% | 9.3% | 13.5% | 5.2% | 0.0% | 0.7% | -5.5% | -20.2% | -43.2% | -68.9% |
Balance sheet
Fiscal years, from Hudson Pacific Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $83M | $79M | $54M | $46M | $114M | $97M | $256M | $100M | $63M | $138M |
| Inventory | — | — | — | — | $0 | $2M | $5M | — | — | — |
| Property, plant and equipment | — | — | — | — | $8M | $58M | $130M | $119M | $127M | $72M |
| Goodwill | $9M | $9M | $9M | $9M | $9M | $109M | $264M | $264M | $157M | $9M |
| Total assets | $6.7B | $6.6B | $7.1B | $7.5B | $8.4B | $9.0B | $9.3B | $8.3B | $8.1B | $7.3B |
| Total liabilities | $3.0B | $2.7B | $3.1B | $3.6B | $4.2B | $4.7B | $5.4B | $4.7B | $5.0B | $4.1B |
| Shareholders' equity | $3.1B | $3.6B | $3.5B | $3.4B | $3.5B | $3.7B | $3.3B | $3.1B | $2.9B | $3.0B |
| Net debt | -$83M | -$79M | -$54M | -$46M | -$114M | -$97M | -$256M | -$100M | -$63M | -$138M |
Cash flow
Fiscal years, from Hudson Pacific Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $227M | $293M | $215M | $288M | $302M | $315M | $370M | $232M | $165M | $121M |
| Capital spending | $259M | $302M | $351M | — | — | — | — | — | — | — |
| Free cash flow | -$32M | -$9M | -$137M | — | — | — | — | — | — | — |
| Stock-based compensation | $14M | $15M | $17M | $19M | $23M | $21M | $24M | $24M | $26M | $30M |
| Dividends paid | $118M | $159M | $157M | $158M | $155M | $155M | $145M | $55M | $15M | $351,000 |
| Share buybacks (net) | $0 | $0 | -$50M | $0 | -$80M | -$46M | -$37M | -$1M | $0 | $0 |
| Free cash flow margin | -5.0% | -1.3% | -18.8% | — | — | — | — | — | — | — |
| Dividends per share | $7.47 | $7.21 | $7.06 | $7.05 | $7.08 | $7.12 | $7.08 | $2.73 | $0.76 | $0.01 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for HPP.
Open HPP in InvestinglyQuestions
What was Hudson Pacific Properties's revenue in 2025?
$831M in fiscal 2025, from its 10-K filing.
From Hudson Pacific Properties's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.