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Financial statements

Five Point Holdings, LLC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Five Point Holdings, LLC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue39.41394918415422442.7212238110
Selling, general and administrative1211229910483.577.154.651.551.260.6
Interest expense0000000
Interest income02.5811.87.841.370.090.837.2310.917.3
Other non-operating income10822.372.81.733.811.076.454.8816.3
Pre-tax income-10524.2-58.824.72.8413-36.2109205212
Income tax-7.8909.182.451.74-0.33-1.47-4.4227.528.9
Net income to minority interests-63.4-49-33.213.21.526.74-19.458.3109113
Net income-33.373.2-34.79.03-0.436.57-15.455.468.371

Balance sheet

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents62.3848496347298265132354431426
Property, plant and equipment34.429.731.732.332.831.530.229.129.529.3
Lease right-of-use assets32.628.323.819.1161311.3
Goodwill069.8
Intangible assets12812895.980.471.751.440.325.39.0417.3
Total assets2,1152,9782,9243,0052,9622,9432,8862,9693,0763,249
Total liabilities6061,0731,0751,0961,0521,018993962896860
Retained earnings-15.457.833.842.842.248.833.488.8157228
Other comprehensive income-2.47-2.46-3.31-2.68-2.83-1.95-2.99-2.33-1.47-1.55
Total equity1,5081,9061,8491,8841,8851,9001,8681,9822,1552,318
Total liabilities and equity2,1152,9782,9243,0052,9622,9432,8862,9693,0763,249

Cash flow statement

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-96.624.2-67.922.31.0913.3-34.8114178184
Depreciation and amortization3.041.5113.320.614.12616.919.919.48.76
Stock-based compensation27.718.411.513.611.67.96.233.674.37.61
Deferred income tax-16.835.19.182.450.950.42-1.49-4.4424.421.4
Change in inventory-61.7-64.5-278-192-99.2-104-14027.5-80.7-142
Change in payables11.259.8-5.71-4.17-32.3-18.3-22.5-11.720.7-6.76
Cash from operations-125-58.1-343-232-78.5-81.4-188154116105
Capital expenditures-1.09-0.24-3.11-1.68-2.15-0.15-0.08-0.02-0.81-0.22
Acquisitions0-10700-55.3
Purchases of investments-20.8-25.200
Sales and maturities of investments2545.200
Cash from investing81.8-56.80.580.3152.975.36477.170.1-6.55
Debt issued050001250000450
Debt repaid-50-5
Stock issued0.470.050000
Cash from financing-5.04900-10.183.2-23.5-26.6-9.72-9.2-109-104
Net change in cash-47.9785-353-149-49.1-32.7-13422277.1-5.33
Free cash flow-126-58.4-346-234-80.6-81.6-188154115105
Interest paid2.814.21
Income taxes paid003.476.61

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $4.75 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Pre-tax margin139.2%Pre-tax income / revenue.
Net margin45.3%Net income / revenue.
FCF margin55.8%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin56.0%Cash from operations / revenue.
Effective tax rate14.3%Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)1.6%Net income / average total assets.
SG&A / revenue50.7%Selling, general and administrative expense / revenue.
Stock-based pay / revenue7.3%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue0.3%Capital expenditures / revenue.
D&A / revenue7.8%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-53.8%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y37.1%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-6.5%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y3.9%Net income vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y-9.3%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y-8.8%Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y5.6%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y4.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y1.9%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Liabilities / assets25.3%Total liabilities / total assets.
Goodwill and intangibles / assets2.6%(Goodwill + intangible assets) / total assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.04xRevenue / average total assets.
Fixed asset turnover4.00xRevenue / average property, plant and equipment.
FCF conversion123.0%Free cash flow / net income, when net income is positive.
Capex / operating cash flow0.5%Capital expenditures / cash from operations, when that is positive.

Valuation

MetricValueHow it is calculated
Market cap$702.4MShare price x shares outstanding.
Enterprise value$354.0MMarket cap + total debt - cash - short-term investments.
P/E13.3xMarket cap / net income. Only when net income is positive.
P/S6.01xMarket cap / revenue.
P/FCF10.8xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF10.7xMarket cap / cash from operations, when positive.
EV/Sales3.03xEnterprise value / revenue.
EV/FCF5.43xEnterprise value / free cash flow, when both are positive.
FCF yield9.3%Free cash flow / market cap.
Earnings yield7.5%Net income / market cap (the inverse of P/E).
What was Five Point Holdings, LLC's revenue in fiscal 2025?

Five Point Holdings, LLC reported revenue of $110.0M for fiscal 2025, 53.8% lower than the year before.

Was Five Point Holdings, LLC profitable in fiscal 2025?

Yes. Net income was $71.0M, a net margin of 64.5%.

How much free cash flow did Five Point Holdings, LLC generate in fiscal 2025?

Cash from operations of $105.2M minus capital expenditures of $217.0K left free cash flow of $105.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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