Filing Flows › Five Point Holdings, LLC (FPH) › Q2 2025
Five Point Holdings, LLC (FPH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 25, 2025
Five Point Holdings, LLC (FPH) reported revenue of $7.5M for the second quarter 2025 (Q2 2025), -85% from a year earlier and -43% from the quarter before. Operating margin was -163.5%, net earnings $8.6M (114.8% of revenue).
Five Point Holdings, LLC, Q2 2025: revenue $7.5M (-85% year over year), operating margin -163.5%, net earnings $8.6M, operating cash flow −$71.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.5M | -43% | -85% |
| Operating profit | −$12.2M | — | — |
| Net earnings | $8.6M | -86% | — |
| Operating cash flow | −$71.6M | -226% | — |
What changed
Revenue was $7.5M in Q2 2025, down 85% year over year and down 43% from the previous quarter. Great Park was the largest line at 93% of revenue. Great Park lost $43.2M year over year (down 86%), 99% of the total change.
Operating costs exceeded revenue by $12.2M, an operating margin of -163.5%. Total costs fell 22% while revenue fell 85%. The fastest-growing cost line was SG&A (+28%). Net earnings were $3.3M, down 77% year over year. The effective tax rate was 13.5%. Non-operating items added $22.1M, 223% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$71.6M. Non-cash charges added back $1.3M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $83.2M. Capital expenditures of $58K exceeded it, leaving free cash flow of −$71.7M.
Questions
What was Five Point Holdings, LLC's revenue in the second quarter 2025?
Five Point Holdings, LLC (FPH) reported revenue of $7.5M for the second quarter 2025 (Q2 2025), -85% from a year earlier and -43% from the quarter before.
Was Five Point Holdings, LLC profitable in the second quarter 2025?
Operating loss was $12.2M (-163.5% of revenue) and net earnings $8.6M.