Filing Flows › Five Point Holdings, LLC (FPH) › Q3 2025
Five Point Holdings, LLC (FPH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Five Point Holdings, LLC (FPH) reported revenue of $13.5M for the third quarter 2025 (Q3 2025), -21% from a year earlier and +80% from the quarter before. Operating margin was -58.5%, net earnings $55.7M (413.1% of revenue).
Five Point Holdings, LLC, Q3 2025: revenue $13.5M (-21% year over year), operating margin -58.5%, net earnings $55.7M, operating cash flow $40.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.5M | +80% | -21% |
| Operating profit | −$7.9M | — | — |
| Net earnings | $55.7M | +550% | — |
| Operating cash flow | $40.4M | — | — |
What changed
Revenue was $13.5M in Q3 2025, down 21% year over year and up 80% from the previous quarter. Great Park was the largest line at 70% of revenue. Great Park lost $6.5M year over year (down 41%), 184% of the total change.
Operating costs exceeded revenue by $7.9M, an operating margin of -58.5%. Total costs grew 23% against a revenue fall of 21%. The fastest-growing cost line was Other operating costs (+29%). Net earnings were $21.1M, up 343% year over year. The effective tax rate was 14.2%. Non-operating items added $72.8M, 112% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $40.4M, 73% of net income including minority interests. Non-cash charges added back $2.0M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $19.8M.
Questions
What was Five Point Holdings, LLC's revenue in the third quarter 2025?
Five Point Holdings, LLC (FPH) reported revenue of $13.5M for the third quarter 2025 (Q3 2025), -21% from a year earlier and +80% from the quarter before.
Was Five Point Holdings, LLC profitable in the third quarter 2025?
Operating loss was $7.9M (-58.5% of revenue) and net earnings $55.7M.