Star Equity Holdings, Inc. income statement
In fiscal 2025, Star Equity Holdings, Inc. reported revenue of $172m, up 22.9% on the year before, operating income of −$3.7m (a -2.1% margin) and net income of −$5.9m, or −$1.85 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 795 | 934 | 778 | 60 | 67 | 94 | 101 | 169 | 201 | 161 | 140 | 172 | 210 |
| Cost of revenue | 496 | 579 | 398 | 18 | 25 | — | — | — | — | — | 70 | 92 | 122 |
| Gross profit | 299 | 354 | 258 | 42 | 42 | — | — | — | — | — | 70 | 80 | 88 |
| General and administrative | 65 | 69 | 55 | 8 | 10 | 8 | 7 | 8 | 10 | 11 | 11 | 15 | 19 |
| Operating income | −6 | 17 | −10 | −2 | −5 | −2 | −3 | 4 | 9 | 1 | −4 | −4 | −7 |
| Income before tax | −3 | 16 | −10 | −2 | −5 | −1 | −1 | 4 | 9 | 3 | −3 | −4 | −7 |
| Income tax | 1 | 5 | −3 | 1 | 0 | −1 | 1 | 1 | 2 | 0 | 1 | 2 | 2 |
| Net income | −5 | 11 | −5 | −3 | 8 | −1 | −1 | 3 | 7 | 2 | −5 | −6 | −9 |
| Diluted EPS | −$1.60 | $3.40 | −$0.17 | −$0.90 | $2.39 | −$0.30 | −$0.43 | $1.07 | $2.27 | $0.70 | −$1.59 | −$1.85 | −$2.56 |
| Diluted shares (average) | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 4m |
| EBITDA | 3 | 24 | −4 | 1 | −5 | −2 | −2 | 5 | 11 | 3 | −2 | −2 | −4 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 37 | 34 | 32 | 36 | 48 | 57 | 50 | 55 |
| Cost of revenue | 18 | 16 | 15 | 17 | 27 | 33 | 30 | 32 |
| Gross profit | 19 | 18 | 16 | 19 | 21 | 24 | 21 | 23 |
| General and administrative | 3 | 3 | 3 | 3 | 5 | 5 | 5 | 5 |
| Operating income | −0 | −0 | −2 | −0 | −2 | −0 | −4 | −1 |
| Income before tax | −1 | 0 | −2 | −0 | −2 | −0 | −4 | −2 |
| Income tax | 0 | 1 | 0 | 0 | 0 | 1 | −0 | 0 |
| Net income | −1 | −1 | −2 | −1 | −2 | −2 | −4 | −2 |
| Diluted EPS | −$0.28 | −$0.20 | −$0.59 | −$0.23 | −$0.54 | −$0.48 | −$1.01 | −$0.50 |
| EBITDA | −0 | 0 | −1 | 0 | −1 | 1 | −3 | −0 |
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