Great Park was Five Point Holdings’s largest segment in fiscal 2025, bringing in $53.51M of $110.02M (49%).
| Segment | FY 2015 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Valencia | $163.46M | $140.84M | $44.02M | |||||
| Great Park | $47.19M | $95.96M | $53.51M | |||||
| Newhall | — | — | — | |||||
| Hearthstone | — | — | $11.79M | |||||
| San Francisco | $654.00K | $678.00K | $699.00K | |||||
| Commercial | — | — | — | |||||
| Total | $211.30M | $237.48M | $110.02M |
Five Point Holdings brought in $110.02M from its four segments in fiscal 2025, the year ended December 31, 2025. Five Point Holdings regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $237.48M. Great Park was the largest at $53.51M (48.6%), ahead of Valencia at $44.02M (40.0%) and Hearthstone at $11.79M (10.7%). The remaining segment, San Francisco, brought in $699.00K.
Compared with fiscal 2024, Great Park fell 44.2% to $53.51M and Valencia fell 68.7% to $44.02M.
Five Point Holdings began breaking out Hearthstone in fiscal 2025, when it brought in $11.79M.
Management Services was Five Point Holdings’s largest product and service line in fiscal 2025, bringing in $65.30M of $110.02M (59%).
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Land Sales | $8.43M | $161.39M | $139.10M | $42.45M | |||
| Management Services | $31.43M | $47.62M | $96.40M | $65.30M | |||
| Management Services, Affiliated Entity | — | — | — | — | |||
| Land Sales—Related Party | — | — | — | — | |||
| Operating Properties | $2.84M | $2.72M | $2.43M | $2.27M | |||
| Total | $42.69M | $211.73M | $237.93M | $110.02M |
Five Point Holdings brought in $110.02M from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 53.8% from $237.93M in fiscal 2024. Management Services was the largest at $65.30M (59.4%), ahead of Land Sales at $42.45M (38.6%) and Operating Properties at $2.27M (2.1%).
Compared with fiscal 2024, every line above 2% of revenue shrank. Operating Properties held up best, down 6.6% to $2.27M, and Land Sales fell the most, down 69.5% to $42.45M. From fiscal 2022 to 2025, combined revenue from these lines grew from $42.69M to $110.02M, a compound annual growth rate of 37.1%. Management Services' share of the total fell from 73.6% to 59.4%.
Related Party was Five Point Holdings’s largest revenue line in fiscal 2025, bringing in $65.30M of $110.02M (59%).
| Related and Nonrelated Parties | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Nonrelated Party | $3.75M | $163.52M | $141.52M | $44.72M | |
| Related Party | $38.95M | $48.22M | $96.40M | $65.30M | |
| Total | $42.69M | $211.73M | $237.93M | $110.02M |
Five Point Holdings brought in $110.02M from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 53.8% from $237.93M in fiscal 2024. Related Party was the largest at $65.30M (59.4%), ahead of Nonrelated Party at $44.72M (40.6%).
Compared with fiscal 2024, Related Party fell 32.3% to $65.30M and Nonrelated Party fell 68.4% to $44.72M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $42.69M to $110.02M, a compound annual growth rate of 37.1%. Related Party's share of the total fell from 91.2% to 59.4%.
Five Point Holdings (FPH) reports its revenue by segment, by product and service and by related and nonrelated parties. In fiscal 2025, Great Park was its largest segment, bringing in $53.51M (48.6% of the total), followed by Valencia at $44.02M (40.0%).
Great Park was Five Point Holdings' largest segment in fiscal 2025, bringing in $53.51M, or 48.6% of the $110.02M total across its four segments.
Management Services was Five Point Holdings' largest product and service line in fiscal 2025, bringing in $65.30M, or 59.4% of the $110.02M total across its three product and service lines.
Related Party was Five Point Holdings' largest revenue line in fiscal 2025, bringing in $65.30M, or 59.4% of the $110.02M total across its two revenue lines.
Every figure comes from Five Point Holdings' annual financial filings, as reported. Each line keeps the name Five Point Holdings gives it, and years follow its fiscal calendar.
Five Point Holdings' revenue by segment goes back to fiscal 2015, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.