Filing Flows › Howard Hughes Holdings (HHH) › Q3 2026
Howard Hughes Holdings (HHH) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Howard Hughes Holdings (HHH) reported revenue of $636M for the third quarter 2026 (Q3 2026), +63% from a year earlier and -43% from the quarter before. Operating margin was 24.7%, net loss $371K (0.1% of revenue).
Howard Hughes Holdings, Q3 2026: revenue $636M (+63% year over year), operating margin 24.7%, net loss $371K, operating cash flow $295M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $636M | -43% | +63% |
| Operating profit | $157M | -34% | -17% |
| Net earnings | −$371K | -100% | -100% |
| Operating cash flow | $295M | -42% | +97% |
| Free cash flow | $271M | -44% | +130% |
What changed
Revenue was $636.3M in Q3 2026, up 63% year over year and down 43% from the previous quarter.
Operating profit was $157.0M, a 24.7% margin (down 23.9 points year over year). Operating profit fell $32.6M even though revenue rose $246.1M versus Q3 2025, so costs grew faster than sales. Total costs grew 139% against revenue growth of 63%. The fastest-growing cost line was Other operating costs (+161%). The quarter ended with a net loss of $371K, after a profit of $157.0M the previous quarter. Net interest and other expense of $155.8M was the main reason.
Operating cash flow was $295.2M (up 97% year over year). Non-cash charges added back $51.5M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items added $239.0M. Capital expenditures of $24.1M left free cash flow of $271.0M.
Questions
What was Howard Hughes Holdings' revenue in the third quarter 2026?
Howard Hughes Holdings (HHH) reported revenue of $636M for the third quarter 2026 (Q3 2026), +63% from a year earlier and -43% from the quarter before.
Was Howard Hughes Holdings profitable in the third quarter 2026?
Operating profit was $157M (24.7% of revenue) and net loss $371K.