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STRR

Star Equity Holdings, Inc.

STRR

Star Equity Holdings, Inc. • NASDAQ
$10.15 ▼ -0.20% (-0.02)
Market Cap $35.52 M
52w High $15.28
52w Low $8.26
Dividend Yield 0%
P/E -6.38
Volume 25.42K
Outstanding Shares 3.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $47.959M ▲ $21.867M ▲ $-1.764M ▼ -3.678% ▼ $-0.56 ▼ $-849K ▼
Q2-2025 $35.541M ▲ $18.846M ▲ $-688K ▲ -1.936% ▲ $0.87 ▲ $34K ▲
Q1-2025 $12.924M ▼ $5.983M ▲ $-1.176M ▲ -9.099% ▲ $-0.52 ▲ $-1.565M ▼
Q4-2024 $17.095M ▲ $866K ▼ $-2.457M ▼ -14.373% ▲ $-0.95 ▼ $4.666M ▲
Q3-2024 $13.663M $8.139M $-1.97M -14.419% $-0.78 $-4.287M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $19.298M ▲ $117.14M ▲ $49.369M ▲ $67.771M ▲
Q2-2025 $16.837M ▲ $55.577M ▲ $15.447M ▲ $40.13M ▲
Q1-2025 $16.553M ▼ $53.185M ▲ $13.711M ▲ $39.474M ▼
Q4-2024 $17.011M ▲ $52.583M ▼ $12.155M ▼ $40.428M ▼
Q3-2024 $15.835M $57.154M $14.214M $42.94M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.764M ▼ $-2.738M ▼ $6.194M ▲ $-2.579M ▼ $-757K ▼ $-3.353M ▼
Q2-2025 $3.451M ▲ $-1.707M ▼ $-176K ▲ $1.863M ▲ $-20K ▲ $-2.442M ▼
Q1-2025 $-1.176M ▲ $563K ▲ $-4.374M ▼ $1.669M ▲ $-2.142M ▼ $200K ▲
Q4-2024 $-2.457M ▼ $-1.485M ▼ $451K ▼ $-430K ▲ $-1.464M ▼ $-3.929M ▼
Q3-2024 $-1.97M $569K $6.451M $-3.984M $3.036M $420K

Revenue by Products

Product Q2-2024Q3-2024Q1-2025Q2-2025
Building And Construction
Building And Construction
 $0 ▲$10.00M ▲$10.00M ▲$20.00M ▲
Energy Service
Energy Service
 $0 ▲$0 ▲$0 ▲$0 ▲
Investments Division
Investments Division
 $0 ▲$0 ▲$0 ▲$0 ▲
Real Estate
Real Estate
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Star Equity’s income statement shows a very small, niche business that has hovered around break-even for several years. Revenue has been relatively flat and modest, with a thin layer of gross profit and operating results that slip between slight gains and slight losses. Net income has been inconsistent, with an occasional profitable year but losses in most others, and earnings per share are volatile, likely amplified by the company’s small size and share count changes. Overall, the business is not yet showing strong, steady profitability and remains sensitive to small changes in sales or costs.

Balance Sheet

Balance Sheet The balance sheet looks lean but generally conservative. The company carries modest total assets and maintains a meaningful portion of those assets in cash, suggesting some financial flexibility despite its small scale. Debt is minimal to non-existent in recent years, so the capital structure relies mainly on equity rather than borrowing. Equity levels have been fairly stable, which indicates the balance sheet is not under obvious stress, but the company does not have a large cushion if conditions worsen.

Cash Flow

Cash Flow Cash flow has been close to break-even, with operating cash flow hovering around zero and often slightly negative. Free cash flow is also slightly negative most years, reflecting that the business is not yet a cash generator and likely needs to be careful with spending. Capital expenditures are very light, which reduces the burden on cash but also suggests limited large-scale investment in physical assets. Overall, cash flow stability is a concern to watch, even if the company is not burning cash at a rapid pace.

Competitive Edge

Competitive Edge Despite being categorized in healthcare, Star Equity’s building solutions division is a key strategic focus and appears to be where it is trying to carve out an edge. Through KBS Builders and Timber Technologies, it competes in modular construction and engineered wood products, differentiating itself with customized modular designs, factory-based precision, and the ability to serve varied end markets like residential, commercial, and affordable housing. The competitive moat is more about execution, flexibility, and experience than about unique patents or proprietary technology. However, the company operates in highly competitive, cyclical construction markets where larger players, price pressure, and regulatory complexity remain important risks.

Innovation and R&D

Innovation and R&D Star Equity’s innovation is centered on how it builds rather than on classic lab-style R&D. It applies advanced design software, computer-controlled cutting equipment, and controlled factory environments to deliver “mass customized” modular buildings. The acquisition of Timber Technologies adds a push into sustainable, engineered wood products, aligning the company with long-term trends toward greener, more efficient construction. It can also build to ambitious green standards, which supports its positioning in energy-efficient and affordable housing. While R&D spending is not a major headline, the company’s strategy relies on continuous process improvement, integration of new technologies, and selective acquisitions rather than breakthrough inventions.

Summary

Star Equity is a very small, diversified holding company with a key focus on modular building solutions and engineered wood products, operating near break-even with modest resources. Financially, it has a conservative balance sheet with little debt and some cash, but profitability and cash flow are not yet consistently positive, leaving limited room for error. Competitively, it aims to stand out through customization, precision factory construction, and sustainability, rather than through exclusive technology. Future performance will likely depend on its ability to scale its building solutions division, integrate acquisitions like Timber Technologies, win more sustainable and affordable housing projects, and translate its operational strengths into steadier profits and cash flow, all while managing the inherent ups and downs of construction-related markets.

NEWS

November 25, 2025 · 4:05 PM UTC

Star Equity Holdings to Present at the Noble Capital Markets Emerging Growth Conference on December 3, 2025

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November 14, 2025 · 8:30 AM UTC

Star Equity Holdings, Inc. Declares Cash Dividend of $0.25 Per Share of 10% Series A Cumulative Perpetual Preferred Stock

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November 13, 2025 · 8:30 AM UTC

Star Equity Holdings Reports 2025 Third Quarter Results

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November 7, 2025 · 8:30 AM UTC

Star Equity Holdings to Release Third Quarter 2025 Financial Results on November 13

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September 24, 2025 · 8:30 AM UTC

Star Equity Holdings, Inc. Hudson Talent Solutions Subsidiary Celebrates 17 Consecutive Years on HRO Today's Baker's Dozen List of Top Global RPO Providers

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