Star Equity Holdings, Inc.
Business
Star Equity Holdings, Inc. is a diversified holding company operating four reportable segments: Building Solutions, which manufactures modular buildings and engineered wood products; Business Services, which delivers recruitment process outsourcing, contingent workforce solutions, and managed service provider services across eighteen countries; Energy Services, which manufactures and supplies specialized drilling tools and downhole equipment for oil and gas and other applications; and Investments, which holds corporate real estate and securities. The company serves mid-to-large multinational corporations, commercial contractors, energy companies, and government agencies across construction, energy, and talent solutions markets.
Summary from 10-K filed 2026-03-20
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues: | 172 | 140 | 161 | 201 | 169 | |
| Total cost of revenues | 92 | 70 | — | — | — | |
| Gross profit | 80 | 70 | — | — | — | |
| Salaries and related | 64 | 58 | 63 | 74 | 53 | |
| Office and general | 15 | 11 | 11 | 10 | 8 | |
| Marketing and promotion | 4 | 4 | 4 | 4 | 2 | |
| Depreciation and amortization | 1 | 1 | 1 | 1 | 597,000 | |
| Total operating expenses | 84 | 74 | 160 | 192 | 165 | |
| Operating loss | −4 | −4 | 1 | 9 | 4 | |
| Interest income, net | 260,000 | 360,000 | 372,000 | 83,000 | 33,000 | |
| Other income (expense), net | −428,000 | −21,000 | 813,000 | 40,000 | −83,000 | |
| Loss before income taxes | −4 | −3 | 3 | 9 | 4 | |
| Provision for income taxes | 2 | 1 | 370,000 | 2 | 1 | |
| Net loss | −6 | −5 | 2 | 7 | 3 | |
| Dividends on Series A perpetual preferred stock | −740,000 | 0 | — | — | — | |
| Net loss attributable to common shareholders | −7 | −5 | — | — | — | |
| Net loss attributable to common shareholders | −7 | −5 | — | — | — | |
| Basic (in dollars per share) | −1.85 | −1.59 | 0.72 | 2.37 | 1.11 | |
| Diluted (in dollars per share) | −1.85 | −1.59 | 0.7 | 2.27 | 1.07 | |
| Basic (in dollars per share) | −2.08 | −1.59 | — | — | — | |
| Diluted (in dollars per share) | −2.08 | −1.59 | — | — | — | |
| Basic (in shares) | 3 | 3 | 3 | 3 | 3 | |
| Diluted (in shares) | 3 | 3 | 3 | 3 | 3 | |
| Dividends declared per share of Series A perpetual preferred stock (in dollars per share) | 0.28 | 0 | — | — | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 10 | 17 | 23 | 27 | 22 | |
| Restricted cash, current | 2 | 476,000 | 354,000 | 160,000 | 222,000 | |
| Investments in equity securities | 4 | 0 | — | — | — | |
| Accounts receivable, less allowance for expected credit losses of $275 and $391, respectively | 35 | 20 | 20 | 26 | 26 | |
| Inventories, net | 7 | 0 | — | — | — | |
| Note receivable, current portion | 256,000 | 0 | — | — | — | |
| Prepaid and other | 4 | 3 | 3 | 2 | 1 | |
| Total current assets | 62 | 40 | 46 | 56 | 49 | |
| Property and equipment, net of accumulated depreciation of $6,367 and $1,668, respectively | 19 | 242,000 | 421,000 | 673,000 | 371,000 | |
| Operating lease right-of-use assets | 12 | 1 | 1 | 685,000 | 477,000 | |
| Goodwill | 6 | 6 | 6 | 5 | 4 | |
| Intangible assets, net of accumulated amortization of $4,795 and $3,897, respectively | 2 | 2 | 4 | 5 | 5 | |
| Long term investments | 953,000 | 0 | — | — | — | |
| Notes receivable, net of current portion | 9 | 0 | — | — | — | |
| Deferred tax assets | 2 | 3 | 3 | 1 | 1 | |
| Restricted cash, non-current | 1 | 180,000 | 205,000 | 194,000 | 177,000 | |
| Other assets | 12,000 | 155,000 | 317,000 | 12,000 | 5,000 | |
| Total assets | 113 | 53 | 61 | 68 | 61 | |
| Accounts payable | 5 | 2 | 868,000 | 2 | 871,000 | |
| Accrued salaries, commissions, and benefits | 8 | 4 | 5 | 12 | 11 | |
| Accrued expenses and other current liabilities | 7 | 4 | 5 | 6 | 7 | |
| Short-term debt | 8 | 0 | — | — | — | |
| Deferred revenue | 1 | 129,000 | — | — | — | |
| Operating and finance lease obligations, current | 655,000 | 623,000 | 768,000 | 337,000 | 363,000 | |
| Total current liabilities | 30 | 11 | 11 | 21 | 20 | |
| Income tax payable | 99,000 | 93,000 | — | — | — | |
| Operating and finance lease obligations | 11 | 441,000 | 664,000 | 348,000 | 118,000 | |
| Note payable long term | 6 | 0 | — | 0 | 1 | |
| Other liabilities | 308,000 | 399,000 | 443,000 | 599,000 | 395,000 | |
| Total liabilities | 48 | 12 | 12 | 22 | 22 | |
| Commitments and contingencies | — | — | — | — | — | |
| Series A Preferred stock, $0.001 par value, 10,000 shares authorized; 2,691 and 0 issued; 2,370 and 0 shares outstanding, respectively | 3,000 | 0 | 0 | 0 | 0 | |
| Common stock, $0.001 par value, 20,000 shares authorized; 5,366 and 4,033 shares issued; 3,755 and 2,750 shares outstanding, respectively | 5,000 | 4,000 | 4,000 | 4,000 | 4,000 | |
| Additional paid-in capital | 530 | 494 | 493 | 492 | 489 | |
| Accumulated deficit | −436 | −430 | −425 | −427 | −435 | |
| Accumulated other comprehensive loss, net of applicable tax | −1 | −3 | −1 | −2 | −85,000 | |
| Treasury stock, 1,611 and 1,283 common shares; 321 and 0 preferred shares, respectively, at cost | −27 | −21 | −18 | −17 | −15 | |
| Total stockholders equity | 66 | 40 | 49 | 46 | 39 | |
| Total liabilities and stockholders' equity | 113 | 53 | 61 | 68 | 61 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total depreciation and amortization | 2 | 1 | 1 | 1 | 597,000 | |
| Provision for expected credit losses | 103,000 | 24,000 | 483,000 | 26,000 | 147,000 | |
| Provision for deferred income taxes | 942,000 | 532,000 | — | — | — | |
| Stock-based compensation | 1 | 1 | 1 | 2 | 2 | |
| Non-cash interest income | −305,000 | 0 | — | — | — | |
| Unrealized net losses on equity securities and lumber derivatives | 176,000 | 0 | 0 | −3,000 | 0 | |
| Gross profit from sale of lost-in-hole equipment | −396,000 | 0 | — | — | — | |
| Accounts receivable | −3 | −1 | 7 | −2 | −12 | |
| Inventories | 2 | 0 | — | — | — | |
| Prepaid and other assets | −175,000 | −531,000 | −1 | −615,000 | −434,000 | |
| Deferred revenue | −2 | 36,000 | — | — | — | |
| Accounts payable, accrued expenses, and other liabilities | −3 | 556,000 | −7 | 2 | 9 | |
| Net cash provided by (used in) operating activities | −7 | −3 | 315,000 | 9 | 3 | |
| Capital expenditures | −2 | −18,000 | −99,000 | −504,000 | −284,000 | |
| Proceeds from corporate benefit policy | 0 | 1 | — | — | — | |
| Cash acquired in connection with the acquisition of Star Operating Companies | 7 | 0 | — | — | — | |
| Net cash paid in acquisition of Alpha Consulting Group | −132,000 | 0 | — | — | — | |
| Proceeds from sale of lost-in-hole equipment | 482,000 | 0 | — | — | — | |
| Proceeds from sale of property and equipment | 119,000 | 0 | — | — | — | |
| Purchases of equity securities | −2 | 0 | — | — | — | |
| Proceeds from sales of equity securities | 228,000 | 0 | — | — | — | |
| Repayment of note receivable | 149,000 | 0 | — | — | — | |
| Net cash (used in) provided by investing activities | 5 | 1 | −2 | −1 | −6 | |
| Proceeds from borrowings | 11 | 0 | — | — | — | |
| Repayment of debt | −11 | 0 | — | — | — | |
| Net borrowings under invoice finance credit facility | 1 | 0 | — | — | — | |
| Preferred stock dividends paid | −740,000 | 0 | — | — | — | |
| Purchase of treasury stock (including payment of tax withholdings) | −3 | −3 | −959,000 | −1 | 0 | |
| Cash paid for net settlement of employee restricted stock units | −451,000 | −327,000 | −244,000 | −286,000 | −4,000 | |
| Net cash provided by (used in) financing activities | −2 | −3 | −2 | −2 | −4,000 | |
| Effect of exchange rates on cash, cash equivalents, and restricted cash | 386,000 | −672,000 | −15,000 | −723,000 | −290,000 | |
| Net decrease in cash, cash equivalents, and restricted cash | −4 | −6 | −4 | 5 | −4 | |
| Cash paid during the period for interest | 383,000 | 0 | — | — | 0 | |
| Cash received during the period for interest | 299,000 | 360,000 | — | — | — | |
| Net cash payments during the period for income taxes | 2 | 455,000 | 2 | 3 | 1 | |
| Cash paid for amounts included in operating lease liabilities | 1 | 809,000 | 583,000 | 512,000 | 496,000 | |
| Right-of-use assets obtained in exchange for operating lease liabilities | 3 | 416,000 | 1 | 772,000 | 767,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Star Equity Holdings, Inc.'s CIK number?
Star Equity Holdings, Inc.'s SEC CIK number is 0001210708 (1210708). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Star Equity Holdings, Inc.'s SEC filings?
All of Star Equity Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Star Equity Holdings, Inc. last report earnings?
Star Equity Holdings, Inc. (STRRP) most recently filed an earnings 8-K with the SEC on May 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001210708-26-000052). This is Star Equity Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Star Equity Holdings, Inc.'s most recent earnings 8-K?
Star Equity Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed May 11, 2026 under accession 0001210708-26-000052. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Star Equity Holdings, Inc.'s latest earnings 8-K →
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