Howard Hughes Holdings (HHH) Operating Expenses (2022 - 2026)
Howard Hughes Holdings (HHH) posted quarterly Operating Expenses of $185.4 million for Q1 2026, up 13.19% year-over-year from $163.8 million in Q1 2025, and down 68.06% quarter-over-quarter from $580.3 million in Q4 2025.
Howard Hughes Holdings (HHH) Operating Expenses (2022 - 2026) Analysis & Trends
Howard Hughes Holdings (HHH) has reported Operating Expenses for 5 consecutive years, with $185.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 13.19% year-over-year to $185.4 million; the TTM figure through Mar 2026 stood at $1.2 billion (down 10.7% YoY), while the FY2025 annual figure was $1.2 billion, down 11.38% from the prior year.
- Operating Expenses declined to $185.4 million in Q1 2026 per HHH's latest filing, from $580.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $738.3 million in Q4 2024 and bottomed at $149.6 million in Q1 2024.
- Historically, Operating Expenses has averaged $275.9 million across 5 years, with a median of $196.3 million in 2022.
- Annual changes were most pronounced in 2023 — Operating Expenses tumbled 61.74% — and 2024, when it jumped 248.38%.
- Howard Hughes Holdings' Operating Expenses stood at $196.3 million in 2022, then advanced by 7.98% to $211.9 million in 2023, then surged by 248.38% to $738.3 million in 2024, then retreated by 21.4% to $580.3 million in 2025, then slumped by 68.06% to $185.4 million in 2026.
- Business Quant data shows HHH's Operating Expenses at $185.4 million in Q1 2026, $580.3 million in Q4 2025, and $217.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Howard Hughes Holdings | 4.02 Bn | 4.02 Bn | 1.07 Bn | 895.60 Mn |
| 2 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.92 Bn | 2.92 Bn | - | -9.30 Mn |
| 3 | Century Communities | 1.99 Bn | 1.90 Bn | 190.18 Mn | -173,000.00 |
| 4 | Forestar | 1.48 Bn | 1.09 Bn | 84.10 Mn | 38.30 Mn |
| 5 | Five Point Holdings | 389.61 Mn | 40.24 Mn | -23.72 Mn | 21.49 Mn |
| 6 | Belpointe PREP | 186.28 Mn | 186.28 Mn | - | 15.16 Mn |
| 7 | Amrep | 124.06 Mn | 71.37 Mn | 4.41 Mn | 8.90 Mn |
| 8 | Logistic Properties of the Americas | 105.87 Mn | 105.87 Mn | - | -4.18 Mn |
| 9 | Smith Douglas Homes | 104.84 Mn | 90.64 Mn | 47.92 Mn | 41.91 Mn |
| 10 | JFB Construction Holdings | 76.12 Mn | 68.15 Mn | 1.33 Mn | 5.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 895.60 Mn |
| Mar 31, 2026 | 185.37 Mn |
| Dec 31, 2025 | 580.30 Mn |
| Sep 30, 2025 | 217.56 Mn |
| Jun 30, 2025 | 195.56 Mn |
| Mar 31, 2025 | 163.76 Mn |
| Dec 31, 2024 | 738.28 Mn |
| Sep 30, 2024 | 222.46 Mn |
| Jun 30, 2024 | 195.49 Mn |
| Mar 31, 2024 | 149.56 Mn |
| Dec 31, 2023 | 211.92 Mn |
| Sep 30, 2023 | 185.30 Mn |
| Jun 30, 2023 | 221.06 Mn |
| Mar 31, 2023 | 191.06 Mn |
| Dec 31, 2022 | 196.26 Mn |
| Sep 30, 2022 | 484.36 Mn |