A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HPP SEC filings page.
Hudson Pacific Properties, Inc. (HPP) reported $812.8M in revenue over the twelve months to Jun 30, 2026, up 1.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Hudson Pacific’s shrinking property base still produces cash, but deepening losses and weaker conversion reveal a financially compressed operating model.
From FY2023 to FY2025, revenue fell12.7% while operating cash flow fell47.9% , so cash generation deteriorated much faster than the top line. Net margin moved from-20.2% to-68.8% over that span, indicating losses deepened beyond the revenue contraction rather than reflecting a single weak year.
FY2025 liabilities fell
Gross margin rose
Financial Health Signals
Hudson Pacific Properties, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Hudson Pacific Properties, Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
Hudson Pacific Properties, Inc. reported a net loss of $572.2M while generating $121.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Hudson Pacific Properties, Inc. generated $188.3M in revenue in Q2 2026. This represents a decrease of 0.9% from the same quarter a year earlier. Against the prior quarter it is up 3.5%.
Hudson Pacific Properties, Inc. reported a net loss of $104.6M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Hudson Pacific Properties, Inc. earned -$1.62 per diluted share (EPS) in Q2 2026. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Cash & Balance Sheet
Hudson Pacific Properties, Inc. held $80.8M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Hudson Pacific Properties, Inc.'s gross margin was 44.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.
Hudson Pacific Properties, Inc.'s net profit margin was -55.5% in Q2 2026, showing the share of revenue converted to profit. This is down 11.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 26.3 percentage points.
Hudson Pacific Properties, Inc.'s quarterly ROE was -3.7% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.9 percentage points.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
HPP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $188.3M-0.9% | $181.9M-8.4% | $256.0M+22.1% | $186.6M-6.9% | $190.0M-12.8% | $198.5M-7.3% | $209.7M-6.2% | $200.4M-13.4% |
| Gross Profit | $84.6M+3.3% | $80.3M-5.7% | $153.6M+63.8% | $82.7M-3.4% | $81.9M-21.8% | $85.2M-18.0% | $93.7M-13.1% | $85.6M-28.3% |
| SG&A Expenses | $12.0M-56.8% | $12.6M-32.0% | $13.0M-33.4% | $13.7M-29.9% | $27.8M+34.2% | $18.5M-6.2% | $19.5M-1.5% | $19.5M+11.6% |
| Interest Expense | $38.5M-20.1% | $38.0M-12.7% | $38.9M-12.0% | $41.7M-7.3% | $48.1M+9.0% | $43.5M-1.3% | $44.1M-15.7% | $45.0M-16.0% |
| Income Tax | $394K-13.2% | $348K+79.4% | -$945Kn/m | $24K-98.9% | $454K-11.0% | $194Kn/m | -$1.1M-214.5% | $2.2Mn/m |
| Net Income | -$104.6Mn/m | -$53.1Mn/m | -$277.9Mn/m | -$136.5Mn/m | -$83.1Mn/m | -$74.7Mn/m | -$167.0Mn/m | -$97.9Mn/m |
| EPS (Basic) | -$1.62 | -$0.82 | N/A | -$0.30 | -$0.41 | -$3.70 | -$1.18n/m | -$0.69n/m |
| EPS (Diluted) | -$1.62 | -$0.82 | N/A | -$0.30 | -$0.41 | -$3.70 | -$1.18n/m | -$0.69n/m |
| Diluted Shares (Avg) | 64M | 64M | N/A | 451M | 203M | 20M | N/A | 141M+0.2% |
Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses, Operating Income, EBITDA.
HPP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.2B-11.8% | $7.2B-9.6% | $7.3B-10.6% | $7.8B-6.3% | $8.1B-2.7% | $8.0B-3.1% | $8.1B-1.8% | $8.3B-7.4% |
| Cash & Equivalents | $80.8M-65.8% | $138.0M+59.6% | $138.4M+118.7% | $190.4M+110.0% | $236.0M+200.8% | $86.5M-24.3% | $63.3M-37.0% | $90.7M+20.9% |
| Accounts Receivable | $21.5M+60.0% | $14.1M+23.3% | $14.9M+2.9% | $14.1M-6.0% | $13.5M-26.3% | $11.4M-52.3% | $14.5M-41.1% | $15.0M-22.5% |
| Goodwill | $8.8M-94.4% | $8.8M-94.4% | $8.8M-94.4% | $156.5M-40.7% | $156.5M-40.7% | $156.5M-40.7% | $156.5M-40.7% | $264.1M+0.2% |
| Total Liabilities | $4.1B-7.0% | $4.1B-16.7% | $4.1B-18.0% | $4.3B-13.3% | $4.4B-9.3% | $4.9B+2.1% | $5.0B+4.9% | $5.0B-5.5% |
| Total Equity | $2.8B-16.4% | $2.9B+4.9% | $3.0B+4.1% | $3.2B+7.3% | $3.4B+7.5% | $2.8B-12.6% | $2.9B-7.2% | $3.0B-4.8% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Long-Term Investments, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Retained Earnings.
HPP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$8.0Mn/m | $44.3M+45.0% | $59.3M+36507.4% | $33.2M-48.0% | -$2.0M-105.7% | $30.5M-53.1% | $162K-98.2% | $63.7M-10.7% |
| Depreciation & Amortization | $82.1M-13.3% | $80.7M-13.3% | $93.0M+4.4% | $94.1M+8.6% | $94.8M+9.2% | $93.1M+1.3% | $89.1M-13.7% | $86.7M-12.1% |
| Stock-Based Compensation | $1.3M-92.5% | $1.9M-62.2% | N/A | $3.6M-40.0% | $17.9M+158.6% | $5.1M-21.7% | N/A | $6.0M+7.6% |
| Investing Cash Flow | -$39.9Mn/m | -$34.3M-315.2% | $106.9Mn/m | -$56.0Mn/m | -$24.0Mn/m | $15.9Mn/m | -$54.8M-109.2% | -$74.7Mn/m |
| Financing Cash Flow | -$9.1M-105.7% | -$9.7Mn/m | -$218.6M-648.3% | -$29.8M-219.5% | $159.3Mn/m | -$11.7M-156.8% | $39.9Mn/m | $25.0Mn/m |
| Dividends Paid | N/A | $557K+57.8% | N/A | $0n/m | $0-100.0% | $353K-95.5% | $0n/m | $0-100.0% |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $0n/m | $0n/m |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
HPP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.9%+1.8pp | 44.2%+1.2pp | 60.0%+15.3pp | 44.3%+1.6pp | 43.1%-4.9pp | 42.9%-5.6pp | 44.7%-3.6pp | 42.7%-8.8pp |
| Net Margin | -55.5%-11.8pp | -29.2%+8.4pp | -108.5% | -73.1%-24.3pp | -43.8%-22.2pp | -37.6%-13.3pp | -79.7%-35.8pp | -48.9%-32.6pp |
| Return on Equity | -3.7%-1.2pp | -1.8%+0.9pp | -9.4%-3.5pp | -4.2%-1.0pp | -2.5%-1.0pp | -2.7%-1.0pp | -5.8%-2.7pp | -3.2%-2.1pp |
| Return on Assets | -1.5%-0.4pp | -0.7%+0.2pp | -3.8%-1.8pp | -1.8%-0.6pp | -1.0%-0.5pp | -0.9%-0.3pp | -2.1%-0.9pp | -1.2%-0.8pp |
| Liabilities-to-Equity | 1.47+0.1x | 1.40-0.4x | 1.37-0.4x | 1.33-0.3x | 1.32-0.2x | 1.76+0.3x | 1.74+0.2x | 1.640.0x |
| Asset Turnover | 0.030.0x | 0.030.0x | 0.040.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.030.0x | 0.020.0x |
Not reported in any period shown, so not listed: Operating Margin, Current Ratio, Debt-to-Equity, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Hudson Pacific Properties, Inc. HPP | FY2025 | $831.1M | -$572.2M | -68.8% | $597.0M | — |
| EMPIRE STATE REALTY OP, L.P. SERIES ES ESBA | FY2025 | $768.3M | $73.0M | 9.5% | $1.3B | — |
| Douglas Emmett, Inc. DEI | FY2025 | $1.0B | $16.3M | 1.6% | $1.7B | 61/100 |
| COPT Defense Properties CDP | FY2025 | $763.9M | $151.7M | 19.9% | $3.8B | 74/100 |
| SL Green Realty Corp. SLG | FY2025 | $1.0B | -$96.9M | -9.7% | $3.6B | 41/100 |
| Kilroy Realty Corp. KRC | FY2025 | $1.1B | $276.1M | 24.8% | $4.3B | 76/100 |
Where Hudson Pacific Properties, Inc. Ranks
Frequently Asked Questions
What is Hudson Pacific Properties, Inc.'s annual revenue?
Hudson Pacific Properties, Inc. (HPP) reported $831.1M in total revenue for fiscal year 2025. This represents a -1.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Hudson Pacific Properties, Inc.'s revenue growing?
Hudson Pacific Properties, Inc. (HPP) revenue declined by 1.3% year-over-year, from $842.1M to $831.1M in fiscal year 2025.
Is Hudson Pacific Properties, Inc. profitable?
No, Hudson Pacific Properties, Inc. (HPP) reported a net loss of $572.1M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $572.2M, with a net profit margin of -68.8%.
What is Hudson Pacific Properties, Inc.'s gross margin?
Hudson Pacific Properties, Inc. (HPP) had a gross margin of 48.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Hudson Pacific Properties, Inc.'s net profit margin?
Hudson Pacific Properties, Inc. (HPP) had a net profit margin of -68.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Hudson Pacific Properties, Inc.'s return on equity (ROE)?
Hudson Pacific Properties, Inc. (HPP) has a return on equity of -19.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Hudson Pacific Properties, Inc.'s operating cash flow?
Hudson Pacific Properties, Inc. (HPP) generated $121.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Hudson Pacific Properties, Inc.'s total assets?
Hudson Pacific Properties, Inc. (HPP) had $7.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Hudson Pacific Properties, Inc.'s liabilities-to-equity ratio?
Hudson Pacific Properties, Inc. (HPP) had a liabilities-to-equity ratio of 1.37 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Hudson Pacific Properties, Inc.'s return on assets (ROA)?
Hudson Pacific Properties, Inc. (HPP) had a return on assets of -7.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Hudson Pacific Properties, Inc.'s P/E ratio?
Hudson Pacific Properties, Inc. (HPP) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $597.0M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Hudson Pacific Properties, Inc.'s price-to-sales ratio?
Hudson Pacific Properties, Inc. (HPP) trades at 0.7x sales, its market capitalization divided by $812.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $597.0M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Hudson Pacific Properties, Inc.'s Piotroski F-Score?
Hudson Pacific Properties, Inc. (HPP) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Hudson Pacific Properties, Inc.'s earnings high quality?
Hudson Pacific Properties, Inc. (HPP) reported a net loss of $572.2M while generating $121.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.