Filing Flows › FRP Holdings (FRPH) › Q4 2025
FRP Holdings (FRPH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Apr 15, 2026
FRP Holdings (FRPH) reported revenue of $10.9M for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +1% from the quarter before. Operating margin was 15.4%, net earnings $380K (3.5% of revenue).
FRP Holdings, Q4 2025: revenue $10.9M (+4% year over year), operating margin 15.4%, net earnings $380K, operating cash flow $8.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.9M | +1% | +4% |
| Operating profit | $1.7M | +23% | -42% |
| Net earnings | $380K | -43% | -77% |
| Operating cash flow | $8.4M | +4% | +11% |
What changed
Revenue was $10.9M in Q4 2025, up 4% year over year and up 1% from the previous quarter.
Operating profit was $1.7M, a 15.4% margin (down 12.3 points year over year). Operating profit fell $1.2M even though revenue rose $384K versus a year earlier, so costs grew faster than sales. Total costs grew 21% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+22%). Net earnings were $380K, down 77% year over year ($139K including minority interests, which bore $241K of losses). The tax line was a benefit of $89K on pre-tax earnings of $50K.
Operating cash flow was $8.4M (up 11% year over year), 6061% of net income including minority interests. Non-cash charges added back $2.7M of depreciation and amortization and $401K of share-based compensation. Working capital and other items added $5.1M. Capital expenditures of $17.0M exceeded it, leaving free cash flow of −$8.6M.
Questions
What was FRP Holdings' revenue in the fourth quarter 2025?
FRP Holdings (FRPH) reported revenue of $10.9M for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +1% from the quarter before.
Was FRP Holdings profitable in the fourth quarter 2025?
Operating profit was $1.7M (15.4% of revenue) and net earnings $380K.
Source: FRP Holdings 10-K on SEC EDGAR.