Star Holdings (STHO) Income Statement
STHO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSTHO revenue and net income
Where STHO's revenue goes
2025Each bar shows an amount and its share of revenue. STHO kept −58.3% of revenue as net income.
STHO profit margins
STHO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +23.9% | +4.6% | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| 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.
STHO quarterly EPS vs estimates
Next report: November 6, 2026.
STHO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $110.1M | $88.9M | $101.2M | $96.1M | $221.8M |
| Cost of revenue | $88.9M | $114.4M | $130.1M | $113.3M | $217.1M |
| Gross profit | $21.3M | −$25.6M | −$28.9M | −$17.2M | $4.7M |
| Research & development | — | — | $2 | $6 | $0 |
| Sales, general & admin | $14.6M | $3.6M | $16.5M | $10.9M | $46.3M |
| Total operating expenses | $8.8M | −$13.5M | $3.1M | $45.2M | $23.9M |
| Operating income | $12.5M | −$12.1M | −$32.0M | −$62.5M | −$19.2M |
| Interest income | $4.5M | $2.3M | $2.1M | $12.3M | $29.5M |
| Interest expense | $18.4M | $7.0M | $23.0M | $42.0M | $51.4M |
| Income before taxes | −$70.7M | −$88.4M | −$196.3M | −$36.3M | $85.2M |
| Income taxes | $27,000 | $2,000 | −$196.2M | $37,000 | $22.5M |
| Net income | −$64.2M | −$86.8M | −$196.4M | −$36.3M | $62.7M |
| EBITDA | −$47.2M | −$68.3M | −$168.7M | $10.6M | $143.1M |
| EPS (diluted) | −$1.67 | −$6.51 | −$14.74 | −$2.73 | $4.83 |
| Gross margin | 19.3% | −28.8% | −28.6% | −17.9% | 2.1% |
| Operating margin | 11.3% | −13.6% | −31.6% | −65.0% | −8.6% |
| Net margin | −58.3% | −97.6% | −194.1% | −37.8% | 28.3% |
| 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 | $10.5M | $20.9M | $25.4M | $13.4M | $34.6M | $9.0M | $27.0M | $17.6M | $23.8M | $20.5M | $49.8M | $26.7M |
| Cost of revenue | $15.8M | $25.3M | $17.7M | $17.8M | $30.9M | $16.5M | $38.1M | $21.0M | $31.2M | $24.1M | $34.3M | $31.8M |
| Gross profit | $18.0M | −$4.4M | $7.7M | −$4.3M | $3.7M | −$7.5M | −$11.1M | −$3.4M | −$7.4M | −$3.6M | $15.5M | −$5.1M |
| Sales, general & admin | $2.6M | $3.3M | $8.0M | $3.3M | $3.3M | $4.7M | $12.9M | $4.6M | $4.6M | $7.4M | $7.2M | $7.3M |
| Total operating expenses | $1.8M | $1.8M | $632,000 | $4.4M | −$2.2M | $1.1M | −$16.2M | −$832,000 | −$545,000 | $4.0M | $21.5M | −$5.1M |
| Operating income | $16.2M | −$6.2M | $7.0M | −$8.8M | $5.9M | −$8.6M | $5.1M | −$2.6M | −$6.8M | −$7.7M | −$6.0M | $3.1M |
| Interest income | $1.0M | $497,000 | $1.2M | $1.2M | $1.1M | $1.1M | $966,000 | $548,000 | $442,000 | $389,000 | $380,000 | $244,000 |
| Interest expense | $4.1M | $6.1M | $5.9M | $4.7M | $4.0M | $1.6M | $4.1M | $1.8M | $3.8M | $3.8M | $3.8M | $4.4M |
| Income before taxes | $41.5M | −$14.5M | −$23.3M | $274,000 | −$39.7M | −$8.0M | −$102.9M | $91.5M | −$28.0M | −$49.0M | $66.1M | −$81.8M |
| Income taxes | — | — | $27,000 | — | — | $70,000 | — | — | −$28.8M | $2,000 | $4.2M | $4.5M |
| Net income | $41.5M | −$10.3M | −$19.1M | $1.8M | −$39.3M | −$7.6M | −$102.6M | $91.9M | −$27.1M | −$49.0M | $66.1M | −$81.8M |
| EBITDA | $46.4M | −$6.1M | −$15.1M | $6.1M | −$34.8M | −$3.3M | −$97.8M | $96.5M | −$22.9M | −$44.0M | $71.2M | −$76.2M |
| EPS (diluted) | −$0.19 | −$0.67 | −$1.50 | $0.14 | $0.26 | −$0.57 | −$7.70 | $6.90 | −$2.04 | −$3.68 | $4.97 | −$6.14 |
| Gross margin | 171.7% | −20.8% | 30.2% | −32.3% | 10.7% | −82.8% | −41.2% | −19.6% | −31.0% | −17.7% | 31.0% | −19.0% |
| Operating margin | 154.8% | −29.6% | 27.7% | −65.3% | 17.0% | −94.7% | 18.8% | −14.9% | −28.7% | −37.4% | −12.1% | 11.6% |
| Net margin | 396.4% | −49.0% | −75.5% | 13.4% | −113.7% | −84.1% | −380.0% | 522.8% | −113.9% | −239.0% | 132.9% | −306.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in STHO's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
STHO financial results
In fiscal year 2025 (ended December 31, 2025), Star reported revenue of $110.1 million, up 23.9% from the year before. It had a net loss of $64.2 million, a net profit margin of −58.3%. Diluted earnings per share came to −$1.67.
See the STHO stock overview for the latest quote and news, or the STHO chart for price history and technical indicators.
STHO income statement FAQ
What is Star's annual revenue?
Star reported total revenue of $110.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 23.9% from $88.9 million the previous year.
Is Star profitable?
No. Star reported a net loss of $64.2 million in fiscal 2025, a net profit margin of −58.3%; its operating margin was 11.3%.
What is Star's gross margin?
Star's gross margin was 19.3% in fiscal 2025: for every $100 of revenue, Star kept $19 after the direct cost of its products and services.
What are Star's earnings per share?
Star earned $-1.67 per diluted share in fiscal 2025, compared with $-6.51 a year earlier.
When will Star report its next earnings?
Star is expected to report results for the quarter ending September 30, 2026 on November 6, 2026.
When does Star's fiscal year end?
Star's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.