FRP Holdings, Inc. (FRPH) Income Statement
FRPH 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFRPH revenue and net income
Where FRPH's revenue goes
2025Each bar shows an amount and its share of revenue. FRPH kept 7.8% of revenue as net income.
FRPH profit margins
FRPH growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.6% | +4.6% | +12.7% | +2.1% |
| Gross profit | −82.5% | −41.4% | −20.2% | −13.9% |
| Operating income | −40.0% | −4.2% | +6.5% | −5.4% |
| Net income | −47.8% | −10.0% | −23.5% | −8.7% |
| EPS (diluted) | −50.0% | −29.2% | −32.4% | −9.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FRPH quarterly EPS vs estimates
Next report: November 4, 2026.
FRPH income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42.8M | $41.8M | $41.5M | $37.5M | $31.2M | $23.6M | $23.8M | $22.0M | $43.2M | $37.5M |
| Cost of revenue | $36.1M | $3.4M | $3.6M | $4.1M | $3.8M | $2.8M | $2.9M | $2.6M | $5.0M | $4.5M |
| Gross profit | $6.7M | $38.3M | $37.9M | $33.4M | $27.5M | $20.8M | $20.8M | $19.4M | $38.2M | $33.0M |
| Research & development | — | — | $0 | $0 | $2 | $1 | $0 | $0 | $4 | $1 |
| Sales, general & admin | $10.7M | $9.3M | $8.0M | $7.1M | $6.2M | $6.5M | $5.1M | $5.7M | $5.4M | $4.9M |
| Total operating expenses | −$304,000 | $26.6M | $26.2M | $25.4M | $25.2M | $15.6M | $15.1M | $17.4M | $24.6M | $16.6M |
| Operating income | $7.0M | $11.7M | $11.7M | $8.0M | $2.3M | $5.1M | $5.8M | $2.0M | $1.0M | $16.4M |
| Interest income | — | — | — | — | — | — | $6.0M | $479,000 | $4.3M | $2,000 |
| Interest expense | $3.0M | $3.1M | $4.3M | $3.0M | $2.3M | $1.1M | $1.1M | $3.1M | $2.7M | $1.6M |
| Income before taxes | $3.8M | $8.5M | $6.4M | $5.6M | $50.4M | $14.9M | $11.8M | $1.5M | $56.9M | $19.9M |
| Income taxes | $818,000 | $2.0M | $1.5M | $1.5M | $10.3M | $3.2M | $3.0M | $524,000 | $7.3M | $7.9M |
| Net income | $3.3M | $6.4M | $5.3M | $4.6M | $28.2M | $12.7M | $16.2M | $124.5M | $41.8M | $12.0M |
| EBITDA | $18.1M | $22.0M | $21.7M | $20.1M | $65.6M | $21.9M | $18.7M | $12.5M | $65.6M | $22.9M |
| EPS (diluted) | $0.17 | $0.34 | $0.55 | $0.48 | $3.02 | $1.20 | $0.94 | $0.38 | $2.89 | $0.49 |
| Gross margin | 15.7% | 91.8% | 91.2% | 89.0% | 88.0% | 88.0% | 87.6% | 88.1% | 88.4% | 88.1% |
| Operating margin | 16.4% | 28.0% | 28.2% | 21.3% | 7.3% | 21.8% | 24.2% | 8.9% | 2.4% | 43.7% |
| Net margin | 7.8% | 15.3% | 12.8% | 12.2% | 90.4% | 53.9% | 68.1% | 565.2% | 96.7% | 32.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.1M | $10.6M | $10.9M | $10.8M | $10.8M | $10.3M | $10.5M | $10.6M | $10.5M | $10.1M | $10.1M | $10.6M |
| Cost of revenue | $3.1M | $8.8M | $9.2M | $7.1M | $6.3M | $938,000 | $920,000 | $850,000 | $860,000 | $807,000 | $905,000 | $919,000 |
| Gross profit | $8.0M | $1.8M | $1.7M | $3.7M | $4.5M | $9.4M | $9.6M | $9.8M | $9.6M | $9.3M | $9.2M | $9.7M |
| Sales, general & admin | $3.7M | $4.1M | $2.9M | $2.3M | $2.9M | $2.6M | $2.4M | $2.3M | $2.6M | $2.0M | $6.2M | $1.9M |
| Total operating expenses | $6.5M | $1.2M | $64,000 | $2.3M | $2.9M | $7.0M | $6.7M | $6.7M | $6.8M | $6.4M | $6.0M | $6.8M |
| Operating income | $1.5M | $512,000 | $1.7M | $1.4M | $1.7M | $2.3M | $2.9M | $3.1M | $2.8M | $2.9M | $3.2M | $2.9M |
| Interest expense | $701,000 | $708,000 | $709,000 | $739,000 | $824,000 | $695,000 | $668,000 | $742,000 | $829,000 | $911,000 | $1.1M | $1.1M |
| Income before taxes | −$424,000 | −$1.1M | $50,000 | $768,000 | $802,000 | $2.2M | $2.0M | $1.8M | $3.0M | $1.7M | $3.5M | $1.6M |
| Income taxes | −$80,000 | −$202,000 | −$89,000 | $203,000 | $178,000 | $526,000 | $286,000 | $427,000 | $916,000 | $400,000 | $618,000 | $467,000 |
| Net income | −$259,000 | −$687,000 | $380,000 | $662,000 | $578,000 | $1.7M | $1.7M | $1.4M | $2.0M | $1.3M | $2.9M | $1.3M |
| EBITDA | $3.4M | $2.6M | $3.6M | $3.8M | $4.5M | $5.6M | $5.2M | $5.2M | $6.4M | $5.2M | $7.0M | $5.5M |
| EPS (diluted) | −$0.01 | −$0.04 | $0.02 | $0.03 | $0.03 | $0.09 | $0.09 | $0.07 | $0.11 | $0.07 | $0.30 | $0.13 |
| Gross margin | 72.1% | 16.6% | 16.0% | 34.3% | 41.9% | 90.9% | 91.3% | 92.0% | 91.8% | 92.0% | 91.0% | 91.3% |
| Operating margin | 13.2% | 4.8% | 15.4% | 12.6% | 15.3% | 22.6% | 27.7% | 29.0% | 26.9% | 28.4% | 31.5% | 27.3% |
| Net margin | −2.3% | −6.5% | 3.5% | 6.1% | 5.3% | 16.6% | 15.9% | 12.8% | 19.5% | 12.8% | 28.5% | 11.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FRPH's financial statements (latest annual report filed April 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FRPH financial results
In fiscal year 2025 (ended December 31, 2025), FRP reported revenue of $42.8 million, up 2.6% from the year before. It had net income of $3.3 million (down 47.8%), a net profit margin of 7.8%. Diluted earnings per share came to $0.17. Over five years revenue grew at an average rate of 12.7% a year.
See the FRPH stock overview for the latest quote and news, or the FRPH chart for price history and technical indicators.
FRPH income statement FAQ
What is FRP's annual revenue?
FRP reported total revenue of $42.8 million for fiscal year 2025, which ended on December 31, 2025. That was up 2.6% from $41.8 million the previous year.
Is FRP profitable?
Yes. FRP reported net income of $3.3 million in fiscal 2025, a net profit margin of 7.8%; its operating margin was 16.4%.
What is FRP's gross margin?
FRP's gross margin was 15.7% in fiscal 2025: for every $100 of revenue, FRP kept $16 after the direct cost of its products and services.
How fast is FRP growing?
Revenue grew 12.7% a year on average over the last five fiscal years, from $23.6 million to $42.8 million.
What are FRP's earnings per share?
FRP earned $0.17 per diluted share in fiscal 2025, compared with $0.34 a year earlier.
When will FRP report its next earnings?
FRP is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does FRP's fiscal year end?
FRP's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 15, 2026.