Star Equity Holdings, Inc. (STRR) Balance Sheet
STRR balance sheet, 2025
December 31, 2025 · U.S. dollars$113.2M assets = $47.5M liabilities + $65.7M equity
Both columns are drawn to the same scale: what STRR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
STRR financial health
Descriptive bands, not a rating. Fiscal 2025.
STRR balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $106.3M2016 | $113.2M2025 | +0.7%/yr | |
| Total liabilities | $39.8M2016 | $47.5M2025 | +2.0%/yr | |
| Shareholders’ equity | $66.5M2016 | $65.7M2025 | −0.1%/yr | |
| Cash & short-term investments | $3.1M2016 | $15.9M2025 | +19.8%/yr | |
| Total debt | $22.1M2016 | $26.4M2025 | +2.0%/yr | |
| Net cash (debt) | −$18.9M2016 | −$10.6M2025 | +$8.4M | |
| Working capital | $4.4M2016 | $32.7M2025 | +$28.3M | |
| Book value per share | $33.132016 | $20.552025 | −5.2%/yr | |
| Current ratio | 1.192016 | 2.102025 | +0.90 | |
| Debt / equity | 0.332016 | 0.402025 | +0.07 | |
| Shares outstanding | 2.0M2016 | 3.2M2025 | +5.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
STRR assets
STRR liabilities and equity
STRR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
STRR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $15.9M | $17.0M | $22.6M | $27.1M | $21.7M | $3.2M | $1.8M | $1.7M | $2.0M | $3.1M |
| Cash & equivalents | $12.1M | $17.0M | $22.6M | $27.1M | $21.7M | $3.2M | $1.7M | $1.5M | $1.9M | $2.2M |
| Short-term investments | $3.8M | $3.4M | $4.8M | $3.5M | $47,000 | $35,000 | $26,000 | $153,000 | $97,000 | $917,000 |
| Receivables | $35.5M | $20.1M | $19.7M | $26.3M | $25.7M | $13.0M | $12.9M | $12.6M | $15.9M | $14.5M |
| Inventory | $7.0M | $5.4M | $3.4M | $10.6M | $8.5M | $9.8M | $7.0M | $5.4M | $5.5M | $6.0M |
| Other current assets | $4.2M | $0 | $106,000 | $0 | $0 | $22.9M | $7.8M | $1.5M | $2.2M | $3.5M |
| Total current assets | $62.5M | $40.1M | $45.8M | $55.5M | $49.2M | $48.9M | $29.5M | $21.2M | $25.6M | $27.1M |
| Property, plant & equipment (net) | $30.3M | $1.3M | $1.9M | $1.4M | $848,000 | $12.7M | $12.5M | $21.6M | $28.4M | $31.4M |
| Goodwill & intangible assets | $7.6M | $8.2M | $9.4M | $9.4M | $9.7M | $26.4M | $29.0M | $7.0M | $10.2M | $17.9M |
| Long-term investments | $953,000 | $2.1M | $6.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $11.9M | $843,000 | $0 | $1.7M | $1.5M | $1.4M | $19.5M | $782,000 | $2.5M | $29.9M |
| Total assets | $113.2M | $52.6M | $61.0M | $67.9M | $61.2M | $89.5M | $90.6M | $50.6M | $66.7M | $106.3M |
| Liabilities | ||||||||||
| Accounts payable | $4.8M | $1.8M | $868,000 | $1.7M | $871,000 | $5.0M | $6.5M | $5.2M | $5.2M | $6.5M |
| Short-term debt | $9.1M | $623,000 | $768,000 | $1.6M | $1.1M | $22.5M | $24.0M | $786,000 | $796,000 | $6.0M |
| Deferred revenue | $1.5M | $129,000 | $96,000 | $170,000 | $533,000 | $2.2M | $1.8M | $1.7M | $2.3M | $3.1M |
| Total current liabilities | $29.8M | $11.2M | $11.2M | $21.1M | $19.7M | $43.0M | $44.5M | $13.2M | $17.0M | $22.7M |
| Long-term debt | $6.1M | $7.4M | $0 | $0 | $1.2M | $16.4M | $17.0M | $9.5M | $19.5M | $0 |
| Lease obligations | $11.9M | $8.8M | $1.6M | $5.4M | $4.6M | $1.8M | $5.9M | $786,000 | $796,000 | — |
| Other long-term liabilities | $11.6M | $0 | $1.2M | $1.0M | $983,000 | $0 | $0 | $2.1M | $2.4M | $17.1M |
| Total liabilities | $47.5M | $12.2M | $12.4M | $22.1M | $21.9M | $49.5M | $49.9M | $24.8M | $38.9M | $39.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $5,000 | $4,000 | $4,000 | $4,000 | $4,000 | — | $0 | $2,000 | $2,000 | $2,000 |
| Retained earnings (deficit) | −$435.9M | −$430.0M | −$425.2M | −$427.4M | −$434.5M | −$125.0M | −$118.5M | −$113.9M | −$114.6M | −$79.4M |
| Accumulated other comprehensive income | −$1.4M | −$2.7M | −$1.3M | −$1.6M | −$85,000 | $0 | $0 | −$22,000 | −$5,000 | −$52,000 |
| Total shareholders' equity | $65.7M | $40.4M | $48.6M | $45.8M | $39.3M | $39.9M | $40.7M | $25.8M | $27.8M | $66.5M |
| Key figures | ||||||||||
| Total debt | $26.4M | $1.1M | $1.4M | $1.9M | $2.5M | $28.0M | $25.9M | $10.3M | $20.3M | $22.1M |
| Net cash (debt) | −$10.6M | $15.9M | $21.2M | $25.2M | $19.2M | −$24.7M | −$24.1M | −$8.6M | −$18.3M | −$18.9M |
| Working capital | $32.7M | $28.9M | $34.6M | $34.4M | $29.5M | $5.9M | −$14.9M | $8.0M | $8.6M | $4.4M |
| Tangible book value | $58.1M | $32.2M | $39.2M | $36.4M | $29.6M | $13.5M | $11.7M | $18.8M | $17.6M | $48.6M |
| Book value per share | $20.55 | $12.85 | $11.76 | $14.59 | $7.73 | $10.91 | $19.94 | $12.80 | $13.90 | $33.13 |
| Shares outstanding | 3.2M | 3.1M | 4.1M | 3.1M | 5.1M | 3.7M | 2.0M | 2.0M | 2.0M | 2.0M |
| Current ratio | 2.10 | 3.58 | 4.09 | 2.63 | 2.50 | 1.14 | 0.66 | 1.60 | 1.51 | 1.19 |
| Quick ratio | 1.72 | 3.31 | 3.78 | 2.53 | 2.41 | 0.38 | 0.33 | 1.08 | 1.05 | 0.78 |
| Debt / equity | 0.40 | 0.03 | 0.03 | 0.04 | 0.06 | 0.70 | 0.64 | 0.40 | 0.73 | 0.33 |
| Equity / assets | 58.0% | 76.9% | 79.7% | 67.4% | 64.2% | 44.6% | 44.9% | 51.0% | 41.7% | 62.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $12.6M | $13.9M | $15.9M | $19.3M | $16.8M | $16.6M | $17.0M | $15.8M | $14.7M | $20.2M | $23.2M | $25.0M |
| Cash & equivalents | $8.4M | $9.7M | $12.1M | $16.6M | $16.8M | $16.6M | $17.0M | $15.8M | $14.7M | $14.7M | $18.3M | $20.7M |
| Short-term investments | $4.3M | $4.2M | $3.8M | $2.7M | $2.7M | $3.1M | $3.4M | $3.2M | $3.8M | $5.6M | $4.8M | $4.3M |
| Receivables | $35.2M | $32.8M | $35.5M | $36.2M | $23.5M | $21.3M | $20.1M | $24.5M | $24.5M | $5.0M | $6.4M | $3.7M |
| Inventory | $7.0M | $7.1M | $7.0M | $7.7M | $7.7M | $10.0M | $5.4M | $5.5M | $5.8M | $4.7M | $3.4M | $4.2M |
| Other current assets | $3.1M | $4.2M | $4.2M | $4.6M | $0 | $0 | $0 | $0 | $0 | $5.7M | $1.8M | $1.6M |
| Total current assets | $57.8M | $58.1M | $62.5M | $67.8M | $43.3M | $41.2M | $40.1M | $43.0M | $42.0M | $35.7M | $34.8M | $34.6M |
| Property, plant & equipment (net) | $30.3M | $29.9M | $30.3M | $28.3M | $1.2M | $1.0M | $1.3M | $1.6M | $1.4M | $4.9M | $9.3M | $6.8M |
| Goodwill & intangible assets | $7.3M | $7.4M | $7.6M | $7.8M | $7.8M | $8.0M | $8.2M | $8.5M | $8.8M | $16.5M | $17.0M | $16.5M |
| Long-term investments | $953,000 | $953,000 | $953,000 | $953,000 | $1.2M | $1.8M | $2.1M | $3.9M | $4.7M | $6.0M | $6.0M | $6.0M |
| Other non-current assets | $11.9M | $12.1M | $11.9M | $12.2M | $2.1M | $1.1M | $843,000 | $131,000 | $0 | $8.6M | $8.4M | $8.4M |
| Total assets | $108.2M | $108.5M | $113.2M | $117.1M | $55.6M | $53.2M | $52.6M | $57.2M | $56.1M | $71.6M | $75.5M | $72.3M |
| Liabilities | ||||||||||||
| Accounts payable | $5.4M | $4.5M | $4.8M | $5.5M | $2.3M | $3.1M | $1.8M | $1.2M | $1.1M | $1.5M | $1.6M | $1.1M |
| Short-term debt | $9.7M | $7.5M | $9.1M | $7.0M | $321,000 | $471,000 | $623,000 | $757,000 | $764,000 | $2.4M | $2.5M | $986,000 |
| Deferred revenue | $1.4M | $876,000 | $1.5M | $3.4M | $3.4M | $3.8M | $129,000 | $2.5M | $845,000 | $1.7M | $1.4M | $1.5M |
| Total current liabilities | $29.5M | $27.8M | $29.8M | $32.8M | $14.3M | $12.8M | $11.2M | $13.1M | $12.7M | $7.7M | $8.7M | $6.8M |
| Long-term debt | $5.1M | $5.6M | $6.1M | $6.5M | $7.0M | $7.5M | $7.4M | $7.8M | $8.3M | $0 | $0 | $0 |
| Lease obligations | $14.1M | $14.4M | $11.9M | $10.0M | $8.6M | $8.7M | $8.8M | $7.3M | $1.4M | $1.5M | $1.6M | $1.7M |
| Other long-term liabilities | $13.9M | $14.2M | $11.6M | $10.0M | $0 | $0 | $0 | $0 | $0 | $1.3M | $1.5M | $1.5M |
| Total liabilities | $48.4M | $47.5M | $47.5M | $49.4M | $15.4M | $13.7M | $12.2M | $14.2M | $13.6M | $9.0M | $10.2M | $8.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $5,000 | $5,000 | $5,000 | $5,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $2,000 | $2,000 | $2,000 |
| Retained earnings (deficit) | −$441.6M | −$439.7M | −$435.9M | −$434.2M | −$432.5M | −$431.8M | −$430.0M | −$429.4M | −$428.6M | −$110.3M | −$108.1M | −$109.8M |
| Accumulated other comprehensive income | −$1.5M | −$1.4M | −$1.4M | −$1.4M | −$1.2M | −$2.3M | −$2.7M | −$684,000 | −$1.8M | $0 | $0 | $0 |
| Total shareholders' equity | $59.8M | $61.0M | $65.7M | $67.8M | $40.1M | $39.5M | $40.4M | $42.9M | $42.6M | $62.6M | $65.3M | $64.0M |
| Key figures | ||||||||||||
| Total debt | $28.2M | $26.7M | $26.4M | $23.0M | $971,000 | $872,000 | $1.1M | $1.3M | $1.1M | $3.4M | $3.6M | $2.2M |
| Net cash (debt) | −$15.6M | −$12.8M | −$10.6M | −$3.7M | $15.9M | $15.7M | $15.9M | $14.5M | $13.6M | $16.8M | $19.6M | $22.8M |
| Working capital | $28.4M | $30.3M | $32.7M | $35.0M | $29.0M | $28.4M | $28.9M | $29.9M | $29.3M | $28.0M | $26.1M | $27.9M |
| Tangible book value | $52.5M | $53.6M | $58.1M | $59.9M | $32.3M | $31.5M | $32.2M | $34.4M | $33.8M | $46.1M | $48.3M | $47.5M |
| Book value per share | $16.14 | $16.29 | $18.55 | $20.77 | $12.49 | $12.32 | $12.85 | $13.38 | $13.42 | $15.17 | $20.68 | $15.50 |
| Shares outstanding | 3.7M | 3.7M | 3.5M | 3.3M | 3.2M | 3.2M | 3.1M | 3.2M | 3.2M | 4.1M | 3.2M | 4.1M |
| Current ratio | 1.96 | 2.09 | 2.10 | 2.07 | 3.04 | 3.22 | 3.58 | 3.27 | 3.30 | 4.66 | 3.99 | 5.12 |
| Quick ratio | 1.62 | 1.68 | 1.72 | 1.69 | 2.83 | 2.96 | 3.31 | 3.07 | 3.08 | 3.29 | 3.39 | 4.25 |
| Debt / equity | 0.47 | 0.44 | 0.40 | 0.34 | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 | 0.05 | 0.06 | 0.03 |
| Equity / assets | 55.2% | 56.2% | 58.0% | 57.9% | 72.2% | 74.2% | 76.9% | 75.1% | 75.8% | 87.4% | 86.5% | 88.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 20, 2026); data from EODHD.
STRR financial position
At the end of fiscal 2025 (December 31, 2025), Star Equity had total assets of $113.2 million (up 115.3% from a year earlier), total liabilities of $47.5 million and shareholders' equity of $65.7 million. It held $15.9 million in cash and short-term investments against $26.4 million of debt, net debt of $10.6 million. Its current ratio was 2.10. In the latest quarter (ended June 30, 2026) total assets were $108.2 million and equity $59.8 million.
Related: STRR income statement, STRR cash flow statement, STRR key metrics. See the STRR stock overview for the latest quote and news.
STRR balance sheet FAQ
What are Star Equity's total assets?
Star Equity reported total assets of $113.2 million at the end of fiscal 2025 (December 31, 2025), compared with $52.6 million a year earlier.
How much debt does Star Equity have?
Star Equity had $26.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.40.
How much cash does Star Equity have?
Star Equity held $15.9 million in cash and short-term investments at the end of fiscal 2025; with $26.4 million of debt that is net debt of $10.6 million.
What is Star Equity's book value?
Star Equity's shareholders' equity (book value) was $65.7 million at the end of fiscal 2025, or $20.55 per share.
What is Star Equity's current ratio?
Star Equity had current assets of $62.5 million and current liabilities of $29.8 million, a current ratio of 2.10 (it can cover its short-term obligations).
How much goodwill does Star Equity have?
Star Equity carried $7.6 million of goodwill and intangible assets, 6.7% of total assets, at the end of fiscal 2025.