Filing Flows › Five Point Holdings, LLC (FPH) › Q1 2025
Five Point Holdings, LLC (FPH) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 25, 2025
Five Point Holdings, LLC (FPH) reported revenue of $13.2M for the first quarter 2025 (Q1 2025), +32% from a year earlier and -92% from the quarter before. Operating margin was -46.8%, net earnings $60.6M (460.5% of revenue).
Five Point Holdings, LLC, Q1 2025: revenue $13.2M (+32% year over year), operating margin -46.8%, net earnings $60.6M, operating cash flow $56.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.2M | -92% | +32% |
| Operating profit | −$6.2M | — | — |
| Net earnings | $60.6M | — | — |
| Operating cash flow | $56.7M | -69% | — |
| Free cash flow | $56.7M | -69% | — |
What changed
Revenue was $13.2M in Q1 2025, up 32% year over year and down 92% from the previous quarter. Great Park was the largest line at 95% of revenue. Great Park added $3.9M year over year (up 46%), 122% of the total change. Valencia declined 59%.
Operating costs exceeded revenue by $6.2M, an operating margin of -46.8%. Total costs grew 8% against revenue growth of 32%. The fastest-growing cost line was SG&A (+14%). Net earnings were $23.3M, up 901% year over year. The effective tax rate was 13.6%. Non-operating items added $76.3M, 109% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $56.7M, 94% of net income including minority interests. Non-cash charges added back $2.0M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $7.1M. Capital expenditures of $40K left free cash flow of $56.7M.
Questions
What was Five Point Holdings, LLC's revenue in the first quarter 2025?
Five Point Holdings, LLC (FPH) reported revenue of $13.2M for the first quarter 2025 (Q1 2025), +32% from a year earlier and -92% from the quarter before.
Was Five Point Holdings, LLC profitable in the first quarter 2025?
Operating loss was $6.2M (-46.8% of revenue) and net earnings $60.6M.