Howard Hughes Holdings (HHH) Operating Expenses (2022 - 2026)

Howard Hughes Holdings (HHH) reported 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 5 years of Operating Expenses data on file, last reported at $185.4 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $185.4 million, up 13.19% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.2 billion (down 10.7% YoY), and the FY2025 annual result was $1.2 billion, down 11.38% from the prior year.
  • Operating Expenses retreated to $185.4 million in Q1 2026 per HHH's latest filing, from $580.3 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $738.3 million in Q4 2024 and troughed at $149.6 million in Q1 2024.
  • A 5-year average of $275.9 million and a median of $196.3 million in 2022 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses tumbled 61.74% in 2023, then jumped 248.38% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $196.3 million in 2022, then gained by 7.98% to $211.9 million in 2023, then jumped by 248.38% to $738.3 million in 2024, then fell by 21.4% to $580.3 million in 2025, then sank 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vesta Real Estate Corporation, S.A.B. de C.V 19.65 Bn 19.45 Bn - -9.80 Mn
2 Howard Hughes Holdings 3.99 Bn 2.22 Bn 182.88 Mn 185.37 Mn
3 Century Communities 1.70 Bn 1.62 Bn 637.90 Mn 22.22 Mn
4 Forestar 1.48 Bn 1.12 Bn 80.20 Mn 37.90 Mn
5 Five Point Holdings 361.15 Mn 1.49 Bn 13.58 Mn 23.22 Mn
6 Sky Harbour 317.31 Mn 324.50 Mn 7.09 Mn 14.05 Mn
7 Belpointe PREP 180.46 Mn 161.50 Mn - 15.16 Mn
8 Amrep 138.84 Mn 88.35 Mn 14.23 Mn 11.57 Mn
9 Smith Douglas Homes 121.76 Mn 447.61 Mn 40.45 Mn 35.91 Mn
10 JFB Construction Holdings 88.07 Mn 62.81 Mn 681,192.00 2.70 Mn

Historic Data

Download Data
DateValue
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