The financials
Hudson Pacific Properties, Inc. by the numbers
Hudson Pacific Properties, Inc. (HPP) reported revenue of $182M in Q1 2026 (quarter ended Mar 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 Jun 2026 was Core Office at $150M, 84% of the disclosed total, well ahead of Ancillary at 11%.
| 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 | $150M | 84% |
| Ancillary | $20M | 11% |
| Other | $4.2M | 2.4% |
| Chargebacks | $3.2M | 1.8% |
| Studio Related Tenant Recoveries | $528K | 0.3% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $178.3M (+4.0%)
Ancillary grew +7.7% year on yearOther -29% year on year
Segment Latestquarter on quarteryear on year
- Core Office$149.9M$149.9MQoQ +2.8%year on year -1.8%+2.8%-1.8%
- Ancillary$20.5M$20.5MQoQ +14%year on year +7.7%+14%+7.7%
- Other$4.2M$4.2MQoQ -2.6%year on year -29%-2.6%-29%
- Chargebacks$3.2M$3.2MQoQ +15%year on year +3.1%+15%+3.1%
- Studio Related Tenant Recoveries$528.0K$528.0KQoQ -13%year on year -17%-13%-17%