What is Hudson Pacific's earnings per share (EPS)?

Hudson Pacific (HPP) reported diluted earnings per share of $-12.81 for fiscal year 2025. This represents a 29.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Hudson Pacific Financials

HPP

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Hudson Pacific (HPP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Financial Health Signals

Piotroski F-Score Neutral

4/9

Hudson Pacific passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-0.20x

For every $1 of reported earnings, Hudson Pacific generates $-0.20 in operating cash flow ($121.0M OCF vs -$592.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$831.1M

YoY-1.3%

5Y CAGR+0.6%

Hudson Pacific generated $831.1M in revenue in fiscal year 2025. This represents a decrease of 1.3% from the prior year.

EBITDA

N/A

Net Income

-$592.3M

YoY-55.3%

Hudson Pacific reported -$592.3M in net income in fiscal year 2025. This represents a decrease of 55.3% from the prior year.

EPS (Diluted)

$-12.81

YoY+29.0%

Hudson Pacific earned $-12.81 per diluted share (EPS) in fiscal year 2025. This represents an increase of 29.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$138.4M

YoY+118.7%

5Y CAGR+4.0%

10Y CAGR+10.0%

Hudson Pacific held $138.4M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.00

YoY-100.0%

Hudson Pacific paid $0.00 per share in dividends in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

Shares Outstanding

54M

YoY+168.7%

Hudson Pacific had 54M shares outstanding in fiscal year 2025. This represents an increase of 168.7% from the prior year.

Margins & Returns

Gross Margin

48.5%

YoY+2.5pp

5Y CAGR-14.2pp

Hudson Pacific's gross margin was 48.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.5 percentage points from the prior year.

Operating Margin

N/A

Net Margin

-71.3%

YoY-26.0pp

5Y CAGR-73.3pp

Hudson Pacific's net profit margin was -71.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 26.0 percentage points from the prior year.

Return on Equity

-19.9%

YoY-6.6pp

5Y CAGR-20.4pp

10Y CAGR-18.9pp

Hudson Pacific's ROE was -19.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 6.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

Hudson Pacific spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

HPP Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$831.1M-1.3%	$842.1M-11.6%	$952.3M-7.2%	$1.0B+14.4%	$896.8M+11.4%	$805.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$403.4M+4.0%	$388.0M-22.7%	$501.8M-18.1%	$612.4M+9.2%	$561.0M+11.0%	$505.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$73.0M-8.2%	$79.5M+6.0%	$75.0M-5.7%	$79.5M+11.4%	$71.3M-8.4%	$77.9M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$172.2M-2.9%	$177.4M-17.3%	$214.4M+43.0%	$149.9M+22.9%	$121.9M+7.1%	$113.8M
Income Tax	-$273K-116.6%	$1.6M-75.9%	$6.8M	$0	$0+100.0%	-$1.0M
Net Income	-$592.3M-55.3%	-$381.4M-123.4%	-$170.7M-933.5%	-$16.5M-156.9%	$29.0M+76.6%	$16.4M
EPS (Diluted)	$-12.81+29.0%	$-18.05	$-9.54-2346.2%	$-0.39-1075.0%	$0.04	$0.00

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$256.0M+37.2%	$186.6M-1.8%	$190.0M-4.3%	$198.5M-5.3%	$209.7M+4.6%	$200.4M-8.1%	$218.0M+1.9%	$214.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$153.6M+85.8%	$82.7M+0.9%	$81.9M-3.8%	$85.2M-9.1%	$93.7M+9.6%	$85.6M-18.3%	$104.7M+0.7%	$104.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$13.0M-5.3%	$13.7M-50.6%	$27.8M+50.3%	$18.5M-5.2%	$19.5M-0.3%	$19.5M-5.6%	$20.7M+5.0%	$19.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$38.9M-6.9%	$41.7M-13.3%	$48.1M+10.6%	$43.5M-1.4%	$44.1M-1.9%	$45.0M+1.9%	$44.2M+0.2%	$44.1M
Income Tax	-$945K-4037.5%	$24K-94.7%	$454K+134.0%	$194K+118.4%	-$1.1M-148.2%	$2.2M+328.0%	$510K	$0
Net Income	-$280.2M-94.4%	-$144.1M-64.2%	-$87.8M-9.3%	-$80.3M+53.7%	-$173.5M-62.1%	-$107.0M-125.0%	-$47.6M+10.9%	-$53.4M
EPS (Diluted)	N/A	$-0.30+26.8%	$-0.41+22.6%	$-0.53	N/A	$-0.69-109.1%	$-0.33+10.8%	$-0.37

HPP Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$7.3B-10.6%	$8.1B-1.8%	$8.3B-11.1%	$9.3B+3.7%	$9.0B+7.7%	$8.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$138.4M+118.7%	$63.3M-37.0%	$100.4M-60.7%	$255.8M+164.9%	$96.6M-15.1%	$113.7M
Inventory	N/A	N/A	N/A	$4.9M+211.4%	$1.6M	$0
Accounts Receivable	$14.9M+2.9%	$14.5M-41.1%	$24.6M+46.3%	$16.8M-33.6%	$25.3M+14.6%	$22.1M
Goodwill	$8.8M-94.4%	$156.5M-40.7%	$264.1M+0.2%	$263.5M+140.9%	$109.4M+1143.2%	$8.8M
Total Liabilities	$4.1B-18.0%	$5.0B+4.9%	$4.7B-13.1%	$5.4B+16.8%	$4.7B+9.6%	$4.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.0B+4.1%	$2.9B-7.2%	$3.1B-6.9%	$3.3B-11.7%	$3.7B+8.0%	$3.5B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$7.3B-6.8%	$7.8B-4.1%	$8.1B+1.6%	$8.0B-1.6%	$8.1B-2.2%	$8.3B-0.4%	$8.4B+1.2%	$8.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$138.4M-27.3%	$190.4M-19.3%	$236.0M+172.9%	$86.5M+36.7%	$63.3M-30.3%	$90.7M+15.6%	$78.5M-31.4%	$114.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$14.9M+6.0%	$14.1M+4.7%	$13.5M+17.5%	$11.4M-21.1%	$14.5M-3.2%	$15.0M-17.9%	$18.3M-23.9%	$24.0M
Goodwill	$8.8M-94.4%	$156.5M0.0%	$156.5M0.0%	$156.5M0.0%	$156.5M-40.7%	$264.1M0.0%	$264.1M0.0%	$264.1M
Total Liabilities	$4.1B-5.7%	$4.3B-2.9%	$4.4B-9.4%	$4.9B-1.0%	$5.0B-0.3%	$5.0B+1.5%	$4.9B+2.0%	$4.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.0B-8.5%	$3.2B-3.5%	$3.4B+21.0%	$2.8B-2.6%	$2.9B-5.7%	$3.0B-3.3%	$3.1B-1.7%	$3.2B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HPP Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$121.0M-26.5%	$164.7M-29.1%	$232.3M-37.1%	$369.5M+17.4%	$314.9M+4.2%	$302.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$42.8M+117.1%	-$250.5M-153.6%	$467.8M+223.7%	-$378.1M+49.9%	-$754.2M+25.1%	-$1.0B
Financing Cash Flow	-$100.9M-253.1%	$65.9M+107.6%	-$866.7M-989.4%	$97.4M-80.0%	$486.7M-38.9%	$796.1M
Dividends Paid	$351K-97.7%	$15.4M-72.0%	$55.0M-62.2%	$145.4M-5.9%	$154.6M-0.3%	$155.0M
Share Buybacks	$0	$0-100.0%	$1.4M-96.3%	$37.2M-19.4%	$46.1M-42.5%	$80.2M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$59.3M+78.8%	$33.2M+1726.3%	-$2.0M-106.7%	$30.5M+18749.4%	$162K-99.7%	$63.7M+78.9%	$35.6M-45.3%	$65.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$106.9M+290.9%	-$56.0M-133.2%	-$24.0M-250.7%	$15.9M+129.1%	-$54.8M+26.7%	-$74.7M-50.4%	-$49.7M+30.4%	-$71.4M
Financing Cash Flow	-$218.6M-632.5%	-$29.8M-118.7%	$159.3M+1457.5%	-$11.7M-129.4%	$39.9M+59.6%	$25.0M+227.5%	-$19.6M-194.8%	$20.6M
Dividends Paid	-$2K	$0	$0-100.0%	$353K	$0	$0-100.0%	$12.6M+59.6%	$7.9M
Share Buybacks	N/A	N/A	N/A	N/A	$0	$0	$0	$0

HPP Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	48.5%+2.5pp	46.1%-6.6pp	52.7%-7.0pp	59.7%-2.9pp	62.5%-0.2pp	62.8%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-71.3%-26.0pp	-45.3%-27.4pp	-17.9%-16.3pp	-1.6%-4.8pp	3.2%+1.2pp	2.0%
Return on Equity	-19.9%-6.6pp	-13.4%-7.8pp	-5.5%-5.1pp	-0.5%-1.3pp	0.8%+0.3pp	0.5%
Return on Assets	-8.2%-3.5pp	-4.7%-2.6pp	-2.1%-1.9pp	-0.2%-0.5pp	0.3%+0.1pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.37-0.4	1.74+0.2	1.53-0.1	1.64+0.4	1.24+0.0	1.23
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	60.0%+15.7pp	44.3%+1.2pp	43.1%+0.2pp	42.9%-1.8pp	44.7%+2.0pp	42.7%-5.4pp	48.0%-0.5pp	48.6%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-109.4%-32.2pp	-77.2%-31.0pp	-46.2%-5.7pp	-40.5%+42.3pp	-82.7%-29.3pp	-53.4%-31.6pp	-21.8%+3.1pp	-24.9%
Return on Equity	-9.4%-5.0pp	-4.4%-1.8pp	-2.6%+0.3pp	-2.9%+3.2pp	-6.1%-2.6pp	-3.5%-2.0pp	-1.5%+0.2pp	-1.7%
Return on Assets	-3.9%-2.0pp	-1.8%-0.8pp	-1.1%-0.1pp	-1.0%+1.1pp	-2.1%-0.8pp	-1.3%-0.7pp	-0.6%+0.1pp	-0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.37+0.0	1.330.0	1.32-0.4	1.76+0.0	1.74+0.1	1.64+0.1	1.56+0.1	1.51
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Hudson Pacific's annual revenue?

Hudson Pacific (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's revenue growing?

Hudson Pacific (HPP) revenue declined by 1.3% year-over-year, from $842.1M to $831.1M in fiscal year 2025.

Is Hudson Pacific profitable?

No, Hudson Pacific (HPP) reported a net income of -$592.3M in fiscal year 2025, with a net profit margin of -71.3%.

What is Hudson Pacific's gross margin?

Hudson Pacific (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's net profit margin?

Hudson Pacific (HPP) had a net profit margin of -71.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Hudson Pacific's return on equity (ROE)?

Hudson Pacific (HPP) has a return on equity of -19.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Hudson Pacific's operating cash flow?

Hudson Pacific (HPP) generated $121.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Hudson Pacific's total assets?

Hudson Pacific (HPP) had $7.3B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Hudson Pacific have outstanding?

Hudson Pacific (HPP) had 54M shares outstanding as of fiscal year 2025.

What is Hudson Pacific's debt-to-equity ratio?

Hudson Pacific (HPP) had a debt-to-equity ratio of 1.37 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Hudson Pacific's return on assets (ROA)?

Hudson Pacific (HPP) had a return on assets of -8.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Hudson Pacific's Piotroski F-Score?

Hudson Pacific (HPP) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Hudson Pacific's earnings high quality?

Hudson Pacific (HPP) has an earnings quality ratio of -0.20x, considered mixed quality. 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.