Five Point Holdings LLC Class A Common Shares (FPH) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 23	—	-$0.07	—	—	$5.7M	—
Q4 22	—	$0.15	—	—	$17M	—
Q3 22	$0.12	$0.12	0.0%	—	$15.4M	—
Q4 21	—	$0.05	—	—	$182.2M	—
Q3 21	—	-$0.03	—	—	$20.7M	—
Q2 21	—	-$0.01	—	—	$8.3M	—
Q3 20	$0.12	$0.25	+108.3%	—	$8.4M	—
Q2 20	-$0.06	$0.1	+266.7%	—	$24.3M	—
Q1 20	-$0.06	-$0.36	-500.0%	—	$9.2M	—
Q4 19	$0.06	$0.05	-16.7%	—	$146.9M	—
Q3 19	-$0.1	-$0.16	-60.0%	—	$12M	—
Q2 19	-$0.13	-$0.16	-23.1%	—	$12.4M	—
Q1 19	—	$0.16	—	—	$13.1M	—
Q4 18	-$0.05	-$0.08	-60.0%	—	$7.9M	—
Q3 18	-$0.09	-$0.15	-66.7%	—	$13M	—
Q2 18	-$0.11	-$0.08	+27.3%	—	$13.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.01	—	—	$110M	—
FY24	—	$0.98	—	—	$237.9M	—
FY23	—	$0.8	—	—	$211.7M	—
FY22	—	-$0.22	—	—	$42.7M	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$39.4M	$139.4M	$49M	$184.4M	$153.6M	$224.4M	$42.7M	$211.7M	$237.9M	$110M
YoY change	+10.6%	+254.2%	-64.9%	+276.4%	-16.7%	+46.1%	-81%	+395.9%	+12.4%	-53.8%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	39.4M	139.4M	49M	184.4M	153.6M	224.4M	42.7M	211.7M	237.9M	110M
Cost of revenue	21.9M	106.9M	28.9M	131.2M	111.4M	144.3M	27.5M	134M	119.1M	56.8M
Gross profit	17.5M	32.5M	20.1M	53.2M	42.3M	80.1M	15.2M	77.7M	118.8M	53.2M
Gross margin	44.5%	23.3%	41.1%	28.9%	27.5%	35.7%	35.6%	36.7%	49.9%	48.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	120.7M	122.4M	99M	103.6M	83.5M	76.8M	54.3M	51.6M	51.2M	60.6M
Operating expenses	120.7M	122.4M	99M	103.6M	83.5M	76.8M	54.3M	51.6M	51.2M	60.6M
Operating income	-103.2M	-89.8M	-78.9M	-50.4M	-41.3M	3.3M	-39.1M	26.2M	67.6M	-7.4M
Operating margin	-262.2%	-64.4%	-161%	-27.3%	-26.9%	1.46%	-91.7%	12.4%	28.4%	-6.72%
Non-operating income, net	-1.3M	111.5M	8.3M	67.2M	42.7M	9.6M	2.1M	75.9M	126.6M	202.6M
Pretax income	-104.5M	24.2M	-58.8M	24.7M	2.8M	13M	-36.2M	109.3M	205.1M	212.5M
Income tax	-7.9M	0	9.2M	2.4M	1.7M	-325K	-1.5M	-4.4M	27.5M	28.9M
Net income	-96.6M	24.2M	-67.9M	22.3M	1.1M	13.3M	-34.8M	113.7M	177.6M	183.5M
Net margin	-245.4%	17.4%	-138.7%	12.1%	0.71%	5.93%	-81.4%	53.7%	74.7%	166.8%
EBITDA	-100.2M	-88.3M	-72.3M	-94.6M	-27.1M	29.3M	-2.8M	46.1M	87M	3.2M
EPS	-0.88	1.17	-0.53	0.13	-0.01	0.09	-0.22	0.8	0.98	1.01
Diluted EPS	-0.88	1.17	-0.53	0.13	-0.01	0.09	-0.23	0.76	0.96	0.96

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	65.9M	118.8M	9.9M	51.2M	17M	159.8M	13.2M	7.5M	13.5M	75.9M	13.6M	13.9M
Cost of revenue	42.7M	76.3M	4.9M	13.2M	5.5M	95.5M	4.5M	4.1M	7.1M	41.1M	8.5M	7.2M
Gross profit	23.2M	42.5M	5M	38M	11.5M	64.3M	8.6M	3.4M	6.4M	34.8M	5.1M	6.7M
Gross margin	35.2%	35.8%	50.8%	74.2%	67.7%	40.2%	65.4%	45.1%	47.5%	45.9%	37.6%	48.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	12M	13.2M	12.9M	12.2M	11.9M	14.2M	14.8M	15.6M	14.3M	16M	14.7M	14.3M
Operating expenses	10.9M	13.2M	12.9M	12.2M	11.9M	14.2M	14.8M	15.6M	14.3M	16M	14.7M	14.3M
Operating income	12.4M	29.3M	-7.9M	25.8M	-385K	50M	-6.2M	-12.2M	-7.9M	18.9M	-9.6M	-7.6M
Operating margin	18.8%	24.7%	-79.2%	50.4%	-2.26%	31.3%	-46.8%	-163.5%	-58.5%	24.9%	-71%	-54.6%
Non-operating income, net	-622K	22.3M	11.7M	15.5M	12M	87.4M	72.2M	17.2M	68.3M	44.9M	463K	41.1M
Pretax income	14.2M	54.3M	7M	44.1M	14.2M	139.7M	70.1M	9.9M	64.9M	67.5M	-5.9M	36.1M
Income tax	3K	-4.4M	954K	5.9M	1.9M	18.8M	9.5M	1.3M	9.2M	8.9M	-942K	6.2M
Net income	14.2M	58.7M	6.1M	38.2M	12.3M	121M	60.6M	8.6M	55.7M	58.7M	-5M	29.9M
Net margin	21.5%	49.5%	61.2%	74.7%	72.5%	75.7%	460.5%	114.8%	413.1%	77.3%	-36.6%	215.3%
EBITDA	14.2M	36.2M	934K	36M	2.6M	47.4M	-4.1M	-11M	-4.1M	22.4M	-7.9M	-5.7M
EPS	0.1	0.43	0.03	0.21	0.07	0.67	0.33	0.05	0.3	0.33	-0.03	0.15
Diluted EPS	0.09	0.39	0.03	0.21	0.07	0.65	0.32	0.05	0.28	0.31	-0.03	0.15

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	451.3M	460.7M	364.4M	440.9M	159.4M	211.3M	—	830.3M	705.5M
Enterprise value	—	—	512.6M	746.2M	699M	808.5M	660.9M	490.7M	—	848.1M	2B
Shares outstanding	38.5M	62.3M	65M	66.3M	66.7M	67.4M	68.4M	68.8M	148.5M	148.5M	148.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	20.7	333.1	33.1	—	1.86	—	4.52	6.65
P/S	—	—	9.21	2.5	2.37	1.96	3.73	1	—	7.55	6.06
P/B	—	—	0.24	0.24	0.19	0.23	0.08	0.11	—	0.35	0.41
EV/EBITDA	—	—	-7.09	-7.89	-25.8	27.6	-239.1	10.6	—	266.2	674.3
EV/Sales	—	—	10.5	4.05	4.55	3.6	15.5	2.32	—	7.71	17.3
Earnings yield	—	—	—	4.83%	0.3%	3.02%	—	53.8%	—	22.1%	15%
FCF yield	—	—	-76.1%	-50.4%	-21.5%	-18.5%	-118.1%	72.9%	—	12.7%	-14.4%
PEG	—	—	—	—	—	—	—	—	—	—	0.03

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	44.5%	23.3%	41.1%	28.9%	27.5%	35.7%	35.6%	36.7%	49.9%	48.4%	48.3%
Operating margin	-262.2%	-64.4%	-161%	-27.3%	-26.9%	1.46%	-91.7%	12.4%	28.4%	-6.72%	-54.3%
Net margin	-245.4%	17.4%	-138.7%	12.1%	0.71%	5.93%	-81.4%	53.7%	74.7%	166.8%	45.3%
ROE	-6.41%	1.27%	-3.68%	1.17%	0.06%	0.69%	-1.84%	5.67%	8.15%	7.68%	5.99%
ROA	-4.57%	0.81%	-2.32%	0.74%	0.04%	0.45%	-1.21%	3.83%	5.77%	5.65%	-0.12%
ROIC	-6.81%	-5.22%	-4.13%	-2.07%	-0.71%	0.14%	-1.63%	1.14%	2.57%	-0.27%	-0.21%
Return on tangible assets	-5.2%	0.89%	-2.49%	0.78%	0.04%	0.47%	-1.24%	3.9%	5.79%	5.97%	4.57%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.81	6.83	6.64	6.62	7.47	8.21	8.61	10.1	10.3	10.3	74.6
Quick ratio	0.27	2.56	1.64	1.21	1.2	1.17	0.75	1.62	1.95	1.79	1.42
Debt / equity	0.05	0.35	0.3	0.33	0.33	0.33	0.33	0.32	0.24	0.19	0.2
Debt / assets	0.03	0.22	0.19	0.21	0.21	0.22	0.22	0.21	0.17	0.14	0.14
Net debt / EBITDA	-0.07	2.1	-0.85	-3.02	-12.3	12.6	-181.4	6.06	1.09	5.59	20.3
Effective tax rate	0%	0%	0%	9.89%	61.5%	0%	0%	0%	13.4%	13.6%	14.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	1.02	2.24	0.75	2.78	2.3	3.33	0.62	3.08	1.6	0.74	1.64
EPS (basic)	-0.88	1.17	-0.53	0.13	-0.01	0.09	-0.22	0.8	0.98	1.01	1.01
EPS (diluted)	-0.88	1.17	-0.53	0.13	-0.01	0.09	-0.23	0.76	0.96	0.96	0.72
Book value per share	39.2	30.6	28.4	28.8	28.6	28.6	27.7	29.2	14.7	16.1	11.8
FCF per share	-3.24	-0.93	-5.28	-3.5	-1.18	-1.21	-2.75	2.24	0.78	0.71	0.29
Cash per share	1.62	13.6	7.62	5.23	4.47	3.94	1.93	5.14	2.9	2.87	4.85
Capex per share	0.03	0	0.05	0.03	0.03	—	—	—	—	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.77%	0.17%	6.34%	0.91%	1.4%	—	—	—	—	—	—
Capex / operating cash flow	-0.97%	-5.99%	-0.87%	-0.72%	-1.86%	—	—	—	—	—	—
Payout ratio	—	0%	0%	0%	0%	0%	—	—	—	—	0%
Dividend yield	—	—	0%	0%	0%	0%	—	—	—	—	—

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$65.9M	$118.8M	$9.9M	$51.2M	$17M	$159.8M	$13.2M	$7.5M	$13.5M	$75.9M	$13.6M	$13.9M
YoY change	+327.6%	+598.6%	+74.3%	+139.8%	-74.2%	+34.5%	+32.4%	-85.4%	-20.7%	-52.5%	+3.22%	+86%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	62.3M	848.5M	495.7M	346.8M	298.1M	265.5M	131.8M	353.8M	430.9M	425.5M
Receivables	—	—	—	—	—	—	—	—	—	—
Inventory	1.4B	1.4B	1.7B	1.9B	2B	2.1B	2.2B	2.2B	2.3B	2.4B
Total current assets	1.5B	2.3B	2.3B	2.3B	2.4B	2.4B	2.5B	2.6B	2.8B	3B
Property, plant & equipment	34.4M	29.7M	—	23M	20.9M	18.7M	16.4M	14M	—	—
Goodwill & intangibles	255.2M	255.2M	191.8M	160.7M	143.5M	102.8M	80.5M	50.5M	9M	174.1M
Total assets	2.1B	3B	2.9B	3B	3B	2.9B	2.9B	3B	3.1B	3.2B
Accounts payable	114.1M	167.6M	161.1M	167.7M	135.3M	115.4M	94.4M	81.6M	100.3M	106.2M
Short-term debt	—	—	—	—	—	—	—	—	—	—
Total current liabilities	537.1M	334.5M	339.6M	349.3M	317.6M	297.9M	284.7M	261.4M	273.8M	287.7M
Long-term debt	69.4M	663.3M	557M	632.3M	632.8M	633M	633.2M	633.2M	525.7M	443.3M
Total liabilities	606.5M	1.1B	1.1B	1.1B	1.1B	1B	992.7M	962.2M	896.3M	860.4M
Shareholders' equity	1.5B	1.9B	1.8B	1.9B	1.9B	1.9B	1.9B	2B	2.2B	2.4B
Total debt	69.4M	663.3M	557M	632.3M	632.8M	633M	633.2M	633.2M	525.7M	443.3M
Net debt	7.1M	-185.2M	61.3M	285.5M	334.6M	367.6M	501.4M	279.4M	94.9M	17.8M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	218.3M	353.8M	232.7M	217.4M	224.5M	430.9M	528.3M	456.6M	351.1M	425.5M	332.6M	348.4M
Receivables	—	—	—	—	—	—	—	—	—	—	—	—
Inventory	2.3B	2.2B	2.3B	2.3B	2.3B	2.3B	2.3B	2.4B	2.4B	2.4B	2.5B	2.5B
Total current assets	2.5B	2.6B	2.6B	2.6B	2.7B	2.8B	3B	2.9B	2.9B	3B	2.9B	3B
Property, plant & equipment	44M	14M	42.5M	42.2M	41.6M	—	29.4M	29.4M	29.3M	—	29.2M	29.2M
Goodwill & intangibles	62.1M	50.5M	23.2M	13.7M	11.5M	9M	7.8M	7.3M	179.3M	174.1M	172.5M	170.4M
Total assets	2.9B	3B	2.9B	2.9B	2.9B	3.1B	3.2B	3.2B	3.2B	3.2B	3.2B	3.2B
Accounts payable	100.1M	81.6M	77.9M	83.3M	100.1M	100.3M	113.3M	100.3M	102.4M	106.2M	105.5M	108M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	343.5M	261.4M	316.8M	320.7M	336.4M	273.8M	287.2M	338.7M	341.6M	287.7M	309.1M	307.2M
Long-term debt	633.2M	633.2M	533.9M	534.2M	534.6M	525.7M	526.6M	527.5M	444.5M	443.3M	443.7M	444M
Total liabilities	988.2M	962.2M	858.6M	867.8M	885.4M	896.3M	919.1M	908.7M	835.8M	860.4M	810M	814.9M
Shareholders' equity	1.9B	2B	2B	2.1B	2.1B	2.2B	2.2B	2.3B	2.3B	2.4B	2.4B	2.4B
Total debt	633.2M	633.2M	533.9M	534.2M	534.6M	525.7M	526.6M	527.5M	444.5M	443.3M	443.7M	444M
Net debt	414.9M	279.4M	301.2M	316.8M	310.1M	94.9M	-1.7M	70.8M	93.4M	17.8M	111.1M	95.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-96.6M	24.2M	-67.9M	22.3M	1.1M	13.3M	-34.8M	113.7M	177.6M	183.5M
Depreciation & amortization	3M	1.5M	13.3M	20.6M	14.1M	26M	16.9M	19.9M	19.4M	8.8M
Stock-based compensation	27.7M	18.4M	11.5M	13.6M	11.6M	7.9M	6.2M	3.7M	4.3M	7.6M
Change in working capital	-38.5M	57.4M	-320.1M	-227.7M	-142.9M	-121.9M	-154.1M	19.6M	-106.3M	-117.7M
Operating cash flow	-112.2M	-4M	-357.6M	-233.6M	-115.2M	-74.3M	-167.1M	152.5M	119.4M	105.2M
Capital expenditure	-1.1M	-242K	-3.1M	-1.7M	-2.1M	—	—	—	—	—
Investing cash flow	83.3M	-55.9M	-5.1M	-1.4M	47.1M	74.4M	64.1M	77.1M	70.9M	-6.3M
Dividends paid	—	0	0	0	0	0	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-5M	900.2M	-10.1M	85.1M	-23.5M	-26.6M	-9.7M	-9.2M	-109M	-104M
Net change in cash	-34M	840.3M	-372.9M	-149.9M	-91.7M	-26.4M	-112.8M	220.4M	81.3M	-5.1M
Free cash flow	-124.6M	-58.1M	-343.3M	-232M	-78.5M	-81.4M	-188.3M	154.1M	116M	105.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	14.2M	58.7M	6.1M	38.2M	12.3M	121M	60.6M	8.6M	55.7M	58.7M	-5M	29.9M
Depreciation & amortization	1.9M	6.9M	2.9M	10.2M	3M	3.3M	2M	1.3M	2M	3.5M	1.7M	1.9M
Stock-based compensation	917K	1.1M	832K	984K	993K	1.5M	1.2M	1.7M	2.6M	2.1M	1.8M	2M
Change in working capital	9.6M	25.4M	-37.2M	-77.6M	-35.8M	44.4M	-14.6M	-67.2M	-40M	4M	-43.2M	-45M
Operating cash flow	26.5M	92.1M	-26.5M	-23.2M	-18.1M	187.1M	57.3M	-54.6M	40.4M	79.7M	-44.5M	-10.2M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	270K	47.2M	6.3M	8.6M	26.9M	29M	42.5M	0	-58.3M	9.5M	-281K	32.7M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-2.1M	-687K	-100.9M	-337K	-776K	-6.9M	-1.8M	0	-537.6M	-14.6M	-48.2M	-3.4M
Net change in cash	24.6M	138.6M	-121.1M	-14.9M	8.1M	209.2M	98.1M	-54.6M	-555.5M	74.5M	-93M	19.1M
Free cash flow	27.1M	89.1M	-26.4M	-23.2M	-18M	183.6M	56.7M	-71.6M	40.4M	79.7M	-44.5M	-10.2M

Five Point Holdings LLC Class A Common Shares Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement