Filing Flows › FRP Holdings (FRPH) › Q2 2025
FRP Holdings (FRPH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
FRP Holdings (FRPH) reported revenue of $10.8M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +5% from the quarter before. Operating margin was 15.3%, net earnings $578K (5.3% of revenue).
FRP Holdings, Q2 2025: revenue $10.8M (+4% year over year), operating margin 15.3%, net earnings $578K, operating cash flow $8.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.8M | +5% | +4% |
| Operating profit | $1.7M | -29% | -41% |
| Net earnings | $578K | -66% | -72% |
| Operating cash flow | $8.7M | +93% | -29% |
| Free cash flow | $2.6M | +86% | -56% |
What changed
Revenue was $10.8M in Q2 2025, up 4% year over year and up 5% from the previous quarter.
Operating profit was $1.7M, a 15.3% margin (down 11.6 points year over year). Operating profit fell $1.2M even though revenue rose $373K versus a year earlier, so costs grew faster than sales. Total costs grew 20% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+24%). Net earnings were $578K, down 72% year over year. The effective tax rate was 22.2%.
Operating cash flow was $8.7M (down 29% year over year), 1389% of net income including minority interests. Non-cash charges added back $2.9M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $4.2M. Capital expenditures of $6.1M left free cash flow of $2.6M.
Questions
What was FRP Holdings' revenue in the second quarter 2025?
FRP Holdings (FRPH) reported revenue of $10.8M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +5% from the quarter before.
Was FRP Holdings profitable in the second quarter 2025?
Operating profit was $1.7M (15.3% of revenue) and net earnings $578K.
Source: FRP Holdings 10-Q on SEC EDGAR.