Five Point
Develops mixed-use communities and a homebuilder land-banking platform.
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Profile
Develops California mixed-use master-planned communities across its named ventures. Its Hearthstone subsidiary adds land banking and capital solutions for homebuilders.
Develops large mixed-use master-planned communities in California, blending residential, commercial, retail, educational, and recreational uses with civic areas, parks, and open space. Its named communities include Great Park Neighborhoods in Irvine, Valencia in Los Angeles County, and Candlestick and The San Francisco Shipyard in San Francisco.
Operations are organized around the Valencia, San Francisco, Great Park, and Hearthstone segments. Great Park and other community ventures can have economic participation that differs from the underlying ventures' gross activity.
The acquisition of a controlling Hearthstone interest added land banking and capital solutions for homebuilders. The public holding company sits above an operating partnership in an Up-C structure that preserves exchange rights for certain legacy venture interests.
Company facts
Key statistics
Year to date −6.0% · Average volume (30d) 170.6K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | −$0.04 | $0.15 | +475.0% | $8.6M | $13.9M | +61.5% | +4.39% |
| Apr 23, 2026Q1 FY26 | −$0.04 | −$0.03 | +25.0% | $8.6M | $13.6M | +57.7% | +0.99% |
| Jan 29, 2026Q4 FY25 | −$0.04 | $0.31 | +875.0% | $8.6M | $75.9M | +781.6% | −5.01% |
| Oct 29, 2025Q3 FY25 | — | $0.28 | — | — | $13.5M | — | −1.03% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $13.2M | $7.5M | $13.5M | $75.9M | $13.6M | $13.9M | |
| Gross profit | $8.6M | $3.4M | $6.9M | $31.4M | $3.4M | $6.7M | |
| Operating income | −$6.2M | −$12.2M | −$5.4M | $18.9M | −$9.6M | −$7.6M | |
| Net income | $23.3M | $3.3M | $21.1M | $23.3M | −$2.2M | $10.9M | |
| Diluted EPS | $0.16 | $0.02 | $0.14 | $0.15 | −$0.01 | $0.07 | |
| Gross margin | 65.4% | 45.1% | 51.3% | 41.3% | 24.9% | 48.3% | |
| Operating margin | -46.8% | -163.5% | -40.0% | 24.9% | -71.0% | -54.6% |
Fiscal years (4-quarter sums)FY21 $224.4M · FY22 $42.7M · FY23 $211.7M · FY24 $237.9M · FY25 $110.0M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $348.4M · Total debt $444.0M · Total assets $3.22B · Shareholders' equity $849.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 71.09M · Float 50.04M · 70.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Robotti Robert | 6.96M | 9.80% | 13F | May 13, 2026 |
| Robotti & Company Advisors, LLC | 6.70M | 9.70% | 13D | Sep 27, 2024 |
| Sam Levinson · director | 6.27M | 8.82% | Form 4 | Jun 10, 2025 |
| GF GW Ii, LLC | 6.22M | 9.00% | 13D | Oct 23, 2024 |
| Private Management Group Inc | 5.27M | 7.41% | 13F | May 8, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 9, 2026 | Greg McWilliams | officer: See Remarks | −111,037 | $5.23 |
| Dec 4, 2025 | Kim Tobler | officer: See Remarks | −18,714 | $6.01 |
Peers
- Lennar
California homebuilding and residential-land development overlap.
- Forestar Group
Finished-lot supply and land banking for U.S. homebuilders.
- Toll Brothers
Luxury homes and master-planned communities in California.
- KB Home
California new-home construction and land-development investment.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Five Point | $5.11 | −0.10% | $363.3M | 14.7 | — | 3.1 | +86.0% |
| Lennar | $86.50 | +0.19% | $21.44B | 13.5 | 15.2 | 0.7 | −5.0% |
| Forestar Group | $28.63 | +0.17% | $1.46B | 8.6 | 10.1 | 0.8 | +4.2% |
| Toll Brothers | $146.22 | +0.02% | $13.67B | 11.7 | 10.6 | 1.3 | −9.7% |
| KB Home | $54.96 | +0.18% | $3.36B | 13.3 | 13.6 | 0.6 | −27.3% |
| Median | 12.5 | 12.1 | 0.8 | −7.3% |