The financials
Hudson Pacific Properties, Inc. by the numbers
Hudson Pacific Properties, Inc. (HPP) reported revenue of $182M in Q1 2026 (quarter ended March 31, 2026), down 8.4% from the same quarter a year earlier. That came with a gross margin of 44% and net loss of $51M. For the full year FY2025, revenue was $831M (−1.3% year on year) and net income −$592M. Its largest product in 2026-Q1 was Core Office at $146M, 85% of the disclosed total, just ahead of Ancillary at 10%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $182M | $198M | −8.4% |
| Gross profit | $80M | $85M | −5.7% |
| Operating income | −$13M | −$26M | n/a |
| Net income | −$51M | −$80M | n/a |
| Diluted EPS | −$0.82 | −$3.70 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Core Office | $146M | 85% |
| Ancillary | $18M | 10% |
| Other | $4.3M | 2.5% |
| Chargebacks | $2.8M | 1.6% |
| Studio Related Tenant Recoveries | $604K | 0.4% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $171.5M (-4.4%)
Studio Related Tenant Recoveries grew +20% year on yearOther -41% year on year
Segment Latestquarter on quarteryear on year
- Core Office$145.9M$145.9MQoQ -3.2%year on year -10%-3.2%-10%
- Ancillary$17.9M$17.9MQoQ +3.1%year on year -3.5%+3.1%-3.5%
- Other$4.3M$4.3MQoQ -37%year on year -41%-37%-41%
- Chargebacks$2.8M$2.8MQoQ -29%year on year -7.7%-29%-7.7%
- Studio Related Tenant Recoveries$604.0K$604.0KQoQ +7.7%year on year +20%+7.7%+20%