Pebblebrook Hotel Trust (PEB) Income Statement
PEB 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPEB revenue and net income
Where PEB's revenue goes
2025Each bar shows an amount and its share of revenue. PEB kept −4.5% of revenue as net income.
PEB profit margins
PEB growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.5% | +2.0% | +27.2% | +6.7% |
| Gross profit | −127.0% | — | — | — |
| Operating income | −10.4% | +72.3% | — | −5.1% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PEB quarterly EPS vs estimates
Pebblebrook Hotel beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.48).
PEB income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.48B | $1.45B | $1.42B | $1.39B | $733.0M | $442.9M | $1.61B | $828.7M | $769.3M | $816.4M |
| Cost of revenue | $1.57B | $1.09B | $1.07B | $1.01B | $608.3M | $493.8M | $1.10B | $566.0M | $516.5M | $534.4M |
| Gross profit | −$98.7M | $366.1M | $354.3M | $382.3M | $124.8M | −$50.9M | $513.0M | $262.7M | $252.8M | $282.0M |
| Research & development | — | — | $0 | $0 | $0 | $1 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $49.5M | $48.1M | $44.8M | $39.2M | $38.2M | $45.2M | $34.0M | $22.5M | $24.0M | $28.1M |
| Total operating expenses | −$174.0M | $282.1M | $316.5M | $367.6M | $214.6M | $241.8M | $283.7M | $131.0M | $126.3M | $130.5M |
| Operating income | $75.2M | $84.0M | $37.8M | $14.7M | −$89.8M | −$292.7M | $229.3M | $67.0M | $120.5M | $139.3M |
| Interest income | $103.3M | $316,000 | $115.7M | $100.0M | $96.6M | $104.1M | $108.5M | $178,000 | $97,000 | $2.0M |
| Interest expense | $103.3M | $102.5M | $107.6M | $83.5M | $86.9M | $104.1M | $108.5M | $53.9M | $37.3M | $43.6M |
| Income before taxes | −$55.9M | −$25.6M | −$73.6M | −$84.7M | −$186.3M | −$396.3M | $120.9M | $15.1M | $100.4M | $73.8M |
| Income taxes | $6.3M | −$25.6M | $655,000 | $277,000 | $61,000 | −$3.7M | $5.2M | $1.7M | $181,000 | −$134,000 |
| Net income | −$65.8M | −$4.2M | −$78.0M | −$87.2M | −$184.9M | −$391.7M | $115.4M | $13.4M | $99.9M | $73.7M |
| EBITDA | $275.1M | $306.4M | $274.6M | $238.4M | $124.8M | −$74.9M | $457.1M | $175.0M | $237.6M | $217.1M |
| EPS (diluted) | −$0.03 | −$0.24 | −$0.48 | −$0.16 | −$2.14 | −$3.12 | $0.71 | $0.94 | $1.05 | $1.14 |
| Gross margin | −6.7% | 25.2% | 24.9% | 27.5% | 17.0% | −11.5% | 31.8% | 31.7% | 32.9% | 34.5% |
| Operating margin | 5.1% | 5.8% | 2.7% | 1.1% | −12.2% | −66.1% | 14.2% | 8.1% | 15.7% | 17.1% |
| Net margin | −4.5% | −0.3% | −5.5% | −6.3% | −25.2% | −88.4% | 7.2% | 1.6% | 13.0% | 9.0% |
| 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 | $407.1M | $345.7M | $349.0M | $398.7M | $407.5M | $320.3M | $337.6M | $404.5M | $397.1M | $314.1M | $334.1M | $395.8M |
| Cost of revenue | $284.8M | $264.9M | $386.0M | $294.5M | $287.8M | $260.5M | $273.8M | $292.3M | $272.7M | $248.5M | $264.2M | $282.7M |
| Gross profit | $122.4M | $80.8M | −$37.0M | $104.3M | $119.8M | $59.8M | $63.8M | $112.2M | $124.5M | $65.6M | $69.9M | $113.1M |
| Sales, general & admin | $11.9M | $12.0M | $11.7M | $12.1M | $12.5M | $13.2M | $12.1M | $11.8M | $11.9M | $12.2M | $12.1M | $11.5M |
| Total operating expenses | $64.0M | $65.0M | −$42.2M | $114.5M | $67.4M | $67.0M | $86.5M | $65.2M | $63.5M | $67.0M | $86.0M | $139.2M |
| Operating income | $58.4M | $15.7M | $5.2M | −$10.2M | $52.4M | −$7.2M | −$22.6M | $47.1M | $61.0M | −$1.4M | −$16.2M | −$26.0M |
| Interest income | — | — | $28.7M | $20.2M | $27.3M | $27.1M | $1.0M | $27.9M | — | $2.6M | — | $31.0M |
| Interest expense | $23.5M | $23.1M | $28.7M | $20.2M | $25.4M | $25.2M | $25.0M | $26.4M | $26.4M | $25.9M | $26.0M | $28.3M |
| Income before taxes | $32.6M | −$18.5M | −$18.3M | −$29.4M | $27.1M | −$35.3M | −$51.3M | $19.9M | $33.2M | −$27.5M | −$42.1M | −$55.7M |
| Income taxes | $7.7M | −$17,000 | −$1.4M | $3.0M | $7.8M | −$3.2M | −$1.5M | −$25.2M | $1.0M | $46,000 | −$198,000 | $822,000 |
| Net income | $23.6M | −$19.3M | −$17.9M | −$33.1M | $18.1M | −$32.9M | −$50.5M | $43.7M | $30.9M | −$28.4M | −$42.7M | −$57.1M |
| EBITDA | $108.2M | $56.7M | $65.3M | $53.6M | $106.8M | $47.4M | $31.2M | $99.5M | $111.0M | $55.7M | $45.0M | $35.9M |
| EPS (diluted) | $0.68 | −$0.23 | −$0.23 | $0.51 | $0.06 | −$0.37 | −$0.33 | $0.24 | $0.15 | −$0.30 | −$0.37 | $0.06 |
| Gross margin | 30.1% | 23.4% | −10.6% | 26.2% | 29.4% | 18.7% | 18.9% | 27.7% | 31.3% | 20.9% | 20.9% | 28.6% |
| Operating margin | 14.3% | 4.6% | 1.5% | −2.6% | 12.9% | −2.3% | −6.7% | 11.6% | 15.4% | −0.4% | −4.8% | −6.6% |
| Net margin | 5.8% | −5.6% | −5.1% | −8.3% | 4.4% | −10.3% | −15.0% | 10.8% | 7.8% | −9.0% | −12.8% | −14.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PEB's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PEB financial results
In fiscal year 2025 (ended December 31, 2025), Pebblebrook Hotel reported revenue of $1.5 billion, up 1.5% from the year before. It had a net loss of $65.8 million, a net profit margin of −4.5%. Diluted earnings per share came to −$0.03. Over five years revenue grew at an average rate of 27.2% a year.
See the PEB stock overview for the latest quote and news, or the PEB chart for price history and technical indicators.
PEB income statement FAQ
What is Pebblebrook Hotel's annual revenue?
Pebblebrook Hotel reported total revenue of $1.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 1.5% from $1.5 billion the previous year.
Is Pebblebrook Hotel profitable?
No. Pebblebrook Hotel reported a net loss of $65.8 million in fiscal 2025, a net profit margin of −4.5%; its operating margin was 5.1%.
What is Pebblebrook Hotel's gross margin?
Pebblebrook Hotel's gross margin was −6.7% in fiscal 2025: for every $100 of revenue, Pebblebrook Hotel kept $-7 after the direct cost of its products and services.
How fast is Pebblebrook Hotel growing?
Revenue grew 27.2% a year on average over the last five fiscal years, from $442.9 million to $1.5 billion.
What are Pebblebrook Hotel's earnings per share?
Pebblebrook Hotel earned $-0.03 per diluted share in fiscal 2025, compared with $-0.24 a year earlier.
When will Pebblebrook Hotel report its next earnings?
Pebblebrook Hotel is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Pebblebrook Hotel's fiscal year end?
Pebblebrook Hotel's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.