Filing Flows › Hudson Pacific Properties (HPP) › Q2 2026
Hudson Pacific Properties (HPP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Hudson Pacific Properties (HPP) reported revenue of $188M for the second quarter 2026 (Q2 2026), -0.9% from a year earlier and +4% from the quarter before. Operating margin was -55.4%, net loss $105M (55.6% of revenue).
Hudson Pacific Properties, Q2 2026: revenue $188M (-0.9% year over year), operating margin -55.4%, net loss $105M, operating cash flow −$8.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $188M | +4% | -0.9% |
| Operating profit | −$104M | — | — |
| Net earnings | −$105M | — | — |
| Operating cash flow | −$8.0M | -118% | — |
What changed
Revenue was $188.3M in Q2 2026, down 1% year over year and up 4% from the previous quarter. Office was the largest line at 81% of revenue. Office lost $2.7M year over year (down 2%), 159% of the total change.
Gross margin was 44.9%, up 1.8 points from Q2 2025. Operating costs exceeded revenue by $104.3M, an operating margin of -55.4%. Operating expenses grew 12% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+25%). The quarter ended with a net loss of $104.7M, wider than the previous quarter's $50.9M loss.
Operating cash flow was −$8.0M. Non-cash charges added back $82.1M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $13.2M. Capital expenditures of $33.5M exceeded it, leaving free cash flow of −$41.5M.
Questions
What was Hudson Pacific Properties' revenue in the second quarter 2026?
Hudson Pacific Properties (HPP) reported revenue of $188M for the second quarter 2026 (Q2 2026), -0.9% from a year earlier and +4% from the quarter before.
Was Hudson Pacific Properties profitable in the second quarter 2026?
Operating loss was $104M (-55.4% of revenue) and net loss $105M.