Star Equity Holdings, Inc. (STRR) Income Statement
STRR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSTRR revenue and net income
Where STRR's revenue goes
2025Each bar shows an amount and its share of revenue. STRR kept −3.4% of revenue as net income.
STRR profit margins
STRR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +222.6% | −5.0% | +17.1% | +11.0% |
| Gross profit | +611.5% | −7.4% | +41.3% | +15.9% |
| 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.
STRR quarterly EPS vs estimates
Star Equity beat the analyst EPS estimate in 1 of the last 8 quarters. Next report: November 12, 2026 (estimate $-0.05).
STRR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $172.2M | $53.4M | $161.3M | $200.9M | $106.6M | $78.2M | $72.9M | $104.2M | $104.6M | $125.5M |
| Cost of revenue | $93.5M | $42.3M | $81.1M | $101.7M | $91.3M | $64.2M | $55.8M | $85.9M | $83.4M | $89.7M |
| Gross profit | $78.7M | $11.1M | $80.3M | $99.2M | $15.2M | $14.0M | $17.2M | $18.3M | $21.2M | $35.8M |
| Sales, general & admin | $82.3M | $17.0M | $77.4M | $88.5M | $22.6M | $18.6M | $21.6M | $20.5M | $24.8M | $30.0M |
| Total operating expenses | $82.3M | $19.5M | $78.9M | $89.9M | $26.8M | $21.2M | $19.1M | $22.8M | $26.5M | $32.7M |
| Operating income | −$3.7M | −$8.4M | $1.4M | $9.3M | −$11.6M | −$7.2M | −$1.9M | −$4.5M | −$5.3M | $3.1M |
| Interest income | $260,000 | $360,000 | $372,000 | $83,000 | $33,000 | — | — | — | — | — |
| Interest expense | — | $633,000 | $973,000 | $564,000 | $905,000 | $1.3M | $746,000 | $751,000 | $730,000 | $1.4M |
| Income before taxes | −$3.9M | −$10.2M | $2.6M | $9.5M | −$8.9M | −$5.2M | −$2.9M | −$5.4M | −$7.0M | $1.9M |
| Income taxes | $2.1M | $263,000 | $370,000 | $2.3M | $60,000 | $129,000 | −$199,000 | −$1.6M | $28.0M | −$12.4M |
| Net income | −$5.9M | −$10.4M | $2.2M | $7.1M | −$3.0M | −$6.5M | −$4.6M | $736,000 | −$35.7M | $14.3M |
| EBITDA | −$1.8M | −$6.6M | $4.0M | $10.7M | −$3.0M | $6.2M | $5.9M | $4.1M | $4.7M | $15.2M |
| EPS (diluted) | −$0.42 | −$0.66 | $0.79 | $3.20 | $1.06 | −$0.93 | −$0.14 | −$6.80 | −$17.81 | −$0.80 |
| Gross margin | 45.7% | 20.7% | 49.8% | 49.4% | 14.3% | 17.9% | 23.5% | 17.5% | 20.3% | 28.5% |
| Operating margin | −2.1% | −15.8% | 0.9% | 4.6% | −10.9% | −9.2% | −2.6% | −4.4% | −5.1% | 2.5% |
| Net margin | −3.4% | −19.6% | 1.4% | 3.5% | −2.8% | −8.3% | −6.3% | 0.7% | −34.1% | 11.4% |
| 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 | $54.9M | $50.1M | $56.8M | $48.0M | $35.5M | $12.9M | $17.1M | $13.7M | $35.7M | $9.1M | $14.1M | $10.4M |
| Cost of revenue | $32.5M | $29.8M | $32.9M | $27.7M | $16.9M | $9.8M | $12.6M | $10.8M | $18.1M | $7.5M | $11.3M | $8.2M |
| Gross profit | $22.5M | $20.2M | $23.9M | $20.2M | $18.6M | $3.1M | $4.4M | $2.8M | $17.6M | $1.6M | $2.9M | $2.2M |
| Sales, general & admin | $23.8M | $24.3M | $24.0M | $21.9M | $18.6M | $5.3M | $143,000 | $7.4M | $17.5M | $4.1M | $3.2M | $3.4M |
| Total operating expenses | $23.8M | $24.3M | $24.0M | $21.9M | $18.8M | $6.0M | $866,000 | $8.1M | $17.8M | $4.5M | $3.7M | $3.9M |
| Operating income | −$1.4M | −$4.0M | −$109,000 | −$1.6M | −$211,000 | −$2.8M | $3.6M | −$5.3M | −$187,000 | −$3.0M | −$801,000 | −$1.7M |
| Interest income | — | — | $54,000 | $81,000 | $54,000 | $71,000 | $80,000 | $93,000 | $94,000 | — | — | — |
| Interest expense | — | $13,000 | — | — | $80,000 | $18,000 | $3,000 | $41,000 | $221,000 | $374,000 | $404,000 | $433,000 |
| Income before taxes | −$1.6M | −$4.1M | −$274,000 | −$1.5M | −$343,000 | −$3.4M | −$2.2M | −$2.0M | −$188,000 | −$2.2M | $961,000 | −$2.2M |
| Income taxes | $270,000 | −$266,000 | $1.4M | $249,000 | $345,000 | −$2.2M | $285,000 | −$18,000 | $253,000 | $35,000 | −$847,000 | $172,000 |
| Net income | −$1.8M | −$3.8M | −$1.7M | −$1.8M | −$688,000 | −$1.2M | −$2.5M | −$2.0M | −$441,000 | −$2.2M | $1.7M | −$2.6M |
| EBITDA | −$436,000 | −$3.1M | $610,000 | −$849,000 | −$98,000 | −$2.1M | −$1.1M | −$953,000 | $99,000 | −$1.5M | −$194,000 | −$1.6M |
| EPS (diluted) | −$0.15 | −$0.99 | −$0.10 | $0.02 | $0.12 | −$0.46 | $0.15 | −$0.13 | $0.04 | −$0.72 | −$0.03 | $0.24 |
| Gross margin | 40.9% | 40.4% | 42.1% | 42.2% | 52.4% | 24.3% | 26.0% | 20.6% | 49.3% | 17.3% | 20.2% | 21.1% |
| Operating margin | −2.5% | −8.0% | −0.2% | −3.4% | −0.6% | −22.0% | 21.0% | −39.0% | −0.5% | −32.5% | −5.7% | −15.9% |
| Net margin | −3.4% | −7.6% | −3.0% | −3.7% | −1.9% | −9.1% | −14.4% | −14.4% | −1.2% | −24.4% | 12.2% | −25.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in STRR's financial statements (latest annual report filed March 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
STRR financial results
In fiscal year 2025 (ended December 31, 2025), Star Equity reported revenue of $172.2 million, up 222.6% from the year before. It had a net loss of $5.9 million, a net profit margin of −3.4%. Diluted earnings per share came to −$0.42. Over five years revenue grew at an average rate of 17.1% a year.
See the STRR stock overview for the latest quote and news, or the STRR chart for price history and technical indicators.
STRR income statement FAQ
What is Star Equity's annual revenue?
Star Equity reported total revenue of $172.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 222.6% from $53.4 million the previous year.
Is Star Equity profitable?
No. Star Equity reported a net loss of $5.9 million in fiscal 2025, a net profit margin of −3.4%; its operating margin was −2.1%.
What is Star Equity's gross margin?
Star Equity's gross margin was 45.7% in fiscal 2025: for every $100 of revenue, Star Equity kept $46 after the direct cost of its products and services.
How fast is Star Equity growing?
Revenue grew 17.1% a year on average over the last five fiscal years, from $78.2 million to $172.2 million.
What are Star Equity's earnings per share?
Star Equity earned $-0.42 per diluted share in fiscal 2025, compared with $-0.66 a year earlier.
When will Star Equity report its next earnings?
Star Equity is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 before the market opens.
When does Star Equity's fiscal year end?
Star Equity's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 20, 2026.