Five Point Holdings, LLC (FPH) Form 10-Q — Oct 23, 2026
Five Point reported a Q3 2026 consolidated net loss of $4.4 million ($-0.04 per Class A share) versus net income of $55.7 million a year earlier, as no significant land sales closed in the quarter and Great Park Venture earnings fell sharply. Revenues still rose 8.4% to $14.6 million, driven by Hearthstone management services, and SG&A declined 12.3% to $12.5 million. Management warned it may defer land sales previously expected to close in Q4 2026 given softer housing demand and affordability pressure, a negative near-term revenue signal. Absorption was relatively stable, with Valencia guest builders selling 92 homes and Great Park 54 in the quarter.
Key figures
- Revenue
- 14615000
- Total Debt
- 450000000
- Revenue Yoy
- +8.4% (Q3 2026 vs Q3 2025)
- Cash Position
- 358716000
- Shares Outstanding
- 71,783,254 basic weighted average Class A; 76,096,410 Class B
- Sga q3
- 12537000
- Senior notes
- $450.0M 8.000% senior notes due October 1, 2030
- Hearthstone aum
- 3400000000
- Total liquidity
- 576200000
- Blue owl warrants
- 1,500,000 Class A shares at $7.00 exercise price
- Performance bonds
- 451400000
- Nine month revenue
- 42098000
- Homestead south acres
- 1752
- Nine month net income
- 20574000
- Valencia homes sold q3
- 92
- Great park homes sold q3
- 54
- Class a price oct 16 2026
- 4.35
- Equity market capitalization
- 644000000
- Nine month net income attributable
- 6054000
- Great park distributions and incentive payments q3
- 40400000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.