Hudson Pacific Properties (HPP) Cost of Revenue (2010 - 2025)

Hudson Pacific Properties' (HPP) quarterly Cost of Revenue came in at $78.8 million in Q4 2025, down 59.64% year-on-year from $195.2 million in Q4 2024, and up 143.33% quarter-over-quarter from $32.4 million in Q3 2025.

Hudson Pacific Properties (HPP) Cost of Revenue (2010 - 2025) Analysis & Trends

Hudson Pacific Properties has disclosed Cost of Revenue across 16 years of filings, most recently posting $78.8 million for Q4 2025.

  • Cost of Revenue for Q4 2025 came in at $78.8 million, down 59.64% year-over-year; the trailing twelve-month figure through Dec 2025 was $217.0 million (down 43.28% YoY), and the FY2025 annual result was $284.0 million, down 7.08% from the prior year.
  • Cost of Revenue came in at $78.8 million for Q4 2025 at Hudson Pacific Properties, up from $32.4 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $195.2 million in Q4 2024 to a low of -$36.8 million in Q4 2023.
  • The 5-year median for Cost of Revenue is $80.5 million (2021), against an average of $77.1 million.
  • Across the five-year window, Cost of Revenue plunged 412.75% in 2023 and surged 629.88% in 2024, its largest moves.
  • Hudson Pacific Properties' Cost of Revenue stood at $92.3 million in 2021, then slumped by 87.24% to $11.8 million in 2022, then slumped by 412.75% to -$36.8 million in 2023, then soared by 629.88% to $195.2 million in 2024, then plunged by 59.64% to $78.8 million in 2025.
  • The last three Cost of Revenue figures came in at $78.8 million (Q4 2025), $32.4 million (Q3 2025), and $36.6 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Alexandria Real Estate Equities 8.94 Bn 8.94 Bn - -
2 Cousins Properties 4.83 Bn 4.85 Bn 180.52 Mn 82.59 Mn
3 Kilroy Realty 4.55 Bn 4.56 Bn -59.85 Mn 64.67 Mn
4 Copt Defense Properties 3.86 Bn 3.92 Bn 195.09 Mn 5.55 Mn
5 Sl Green Realty 3.86 Bn 3.98 Bn 252.80 Mn 284,000.00
6 Highwoods Properties 3.27 Bn 3.30 Bn - -
7 Douglas Emmett 2.08 Bn 3.26 Bn 176.48 Mn 74.48 Mn
8 Empire State Realty OP 1.50 Bn 1.50 Bn - -
9 Piedmont Realty Trust 1.14 Bn 1.14 Bn 85.99 Mn 57.31 Mn
10 Hudson Pacific Properties 676.49 Mn 540.93 Mn 177.23 Mn 78.80 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 78.80 Mn
Dec 31, 2025 78.80 Mn
Sep 30, 2025 32.38 Mn
Sep 30, 2025 32.38 Mn
Jun 30, 2025 36.55 Mn
Jun 30, 2025 36.55 Mn
Mar 31, 2025 69.23 Mn
Mar 31, 2025 69.23 Mn
Dec 31, 2024 195.25 Mn
Dec 31, 2024 195.25 Mn
Sep 30, 2024 79.50 Mn
Sep 30, 2024 79.50 Mn
Jun 30, 2024 37.95 Mn
Jun 30, 2024 37.95 Mn
Mar 31, 2024 69.84 Mn
Mar 31, 2024 69.84 Mn
Dec 31, 2023 -36.85 Mn
Dec 31, 2023 -36.85 Mn
Sep 30, 2023 112.18 Mn
Sep 30, 2023 112.18 Mn