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How Five Point Holdings, LLC (FPH) makes money

Five Point Holdings, LLC (FPH) made $14.6M of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Great Park brought in $7.4M (51%); Hearthstone brought in $6.5M (45%); Valencia brought in $493K (3%).

Drawing the Sankey…

Five Point Holdings, LLC revenue by segment, Q3 2026Five Point Holdings, LLC revenue by segment, Q3 2026Great Park$7.4MHearthstone$6.5MValencia$493KSan Francisco$190K
Five Point Holdings, LLC: revenue by line, Q1 2025 to Q3 2026Five Point Holdings, LLC: revenue by line, Q1 2025 to Q3 2026Great ParkValenciaHearthstoneSan FranciscoGreat Park: $7.4M latest$7.4MValencia: $493K latestHearthstone: $6.5M latest$6.5MSan Francisco: $190K latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q3 2026
Great Park went from 95% of revenue in Q1 2025 to 51% in Q3 2026, the largest shift in the mix.
Five Point Holdings, LLC revenue by quarterFive Point Holdings, LLC revenue by quarter$13.2MQ1 2025$7.5MQ2 2025$13.5MQ3 2025$75.9MQ4 2025$13.6MQ1 2026$13.9MQ2 2026$14.6MQ3 2026

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Great Park$7.4M50.7%—-21%
Hearthstone$6.5M44.6%—+92%
Valencia$493K3.4%—+1%
San Francisco$190K1.3%—+8%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$14.6M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$14.6M+8%
Q2 2026$13.9M+86%
Q1 2026$13.6M+3%
Q4 2025$75.9M-52%
Q3 2025$13.5M-21%
Q2 2025$7.5M-85%
Q1 2025$13.2M+32%

From Five Point Holdings, LLC's 10-Q filed Oct 23, 2026 (on EDGAR).

Questions

How does Five Point Holdings, LLC make money?

Five Point Holdings, LLC (FPH) made $14.6M of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Great Park brought in $7.4M (51%); Hearthstone brought in $6.5M (45%); Valencia brought in $493K (3%).

What is Five Point Holdings, LLC's biggest business?

Great Park: $7.4M in the third quarter 2026, 51% of revenue, -21% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.