Star Alliance Financials
This page shows Star Alliance (STAL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
External financing, not internal cash generation, is carrying the business as liquidity stays extremely tight and shares multiply.
Across FY2022-FY2024, operating cash outflow narrowed from-$740K to-$262K , which suggests the cash burn is smaller than at its worst. But equity turned negative by FY2024 while shares outstanding rose from 210.0M to 654.3M, showing that lower burn still has not translated into a self-funding business.
Short-term liquidity deteriorated faster than the cash burn improved: the current ratio fell from 1.6x in FY2022 to 0.03x in FY2024. Cash of
Financing costs are a real part of the loss structure, not just a footnote: FY2024 interest expense was
Financial Health Signals
Based on FY2024 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Star Alliance's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Star Alliance carries a low D/E ratio of -1.35, meaning only $-1.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 81/100, indicating a strong balance sheet with room for future borrowing.
Star Alliance's current ratio of 0.03 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Star Alliance passes 1 of 9 financial strength tests. 1 of 3 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Star Alliance generates $0.11 in operating cash flow (-$262K OCF vs -$2.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Star Alliance earns $-1.8 in operating income for every $1 of interest expense (-$609K vs $331K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Star Alliance reported -$2.4M in net income in fiscal year 2024.
Star Alliance earned $0.00 per diluted share (EPS) in fiscal year 2024. This represents an increase of 100.0% from the prior year.
Cash & Balance Sheet
Star Alliance held $90K in cash against $0 in long-term debt as of fiscal year 2024.
Star Alliance had 654M shares outstanding in fiscal year 2024. This represents an increase of 211.6% from the prior year.
Margins & Returns
Capital Allocation
STAL Income Statement
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $24K-36.9% | $38K+88.6% | $20K | N/A | $81K-74.0% | $310K-45.4% | $568K |
| Operating Income | N/A | -$180K+1.7% | -$183K-42.5% | -$128K | N/A | -$224K+80.2% | -$1.1M+83.8% | -$7.0M |
| Interest Expense | N/A | $59K-46.5% | $110K+71.0% | $65K | N/A | $56K-17.2% | $68K-50.0% | $136K |
| Income Tax | N/A | $0 | $0 | $0 | N/A | $0 | $0 | $0 |
| Net Income | N/A | -$869K-46.2% | -$594K-59.6% | -$372K | N/A | -$384K+82.4% | -$2.2M+70.4% | -$7.4M |
| EPS (Diluted) | N/A | $0.00 | $0.00 | $0.00 | N/A | $0.00+100.0% | $-0.01+75.0% | $-0.04 |
STAL Balance Sheet
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $705K-23.4% | $920K-7.5% | $995K-0.8% | $1.0M+0.9% | $994K-2.4% | $1.0M-94.1% | $17.4M+876.4% | $1.8M |
| Current Assets | $92K-77.7% | $412K-15.4% | $488K-1.7% | $496K+1.9% | $487K-4.7% | $511K+27.1% | $402K-68.3% | $1.3M |
| Cash & Equivalents | $90K+18885.7% | $475-90.5% | $5K-62.9% | $14K+208.1% | $4K+21.7% | $4K+72.7% | $2K-69.8% | $7K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.7M-2.9% | $2.8M+7.0% | $2.6M+10.4% | $2.4M-18.3% | $2.9M+44.3% | $2.0M-89.0% | $18.1M+846.1% | $1.9M |
| Current Liabilities | $2.7M-2.9% | $2.8M+7.0% | $2.6M+10.4% | $2.4M-18.3% | $2.9M+44.3% | $2.0M-74.7% | $7.9M+311.0% | $1.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$2.0M-7.2% | -$1.9M-16.0% | -$1.6M-18.9% | -$1.3M+28.5% | -$1.9M-92.9% | -$976K-27.7% | -$764K-455.0% | -$138K |
| Retained Earnings | -$28.6M-4.4% | -$27.4M-3.3% | -$26.5M-2.3% | -$25.9M+1.2% | -$26.2M-4.9% | -$25.0M-1.6% | -$24.6M-9.7% | -$22.4M |
STAL Cash Flow Statement
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$9K+89.4% | -$90K+34.4% | -$136K-411.7% | -$27K+52.2% | -$56K+75.2% | -$225K-198.1% | -$75K+28.4% | -$105K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
| Financing Cash Flow | $204K+140.2% | $85K-33.6% | $128K+257.3% | $36K-36.7% | $57K-75.0% | $226K+220.7% | $71K+73.8% | $41K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
STAL Financial Ratios
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | -94.4%-34.7pp | -59.7%-22.6pp | -37.1% | N/A | -37.7%-25.1pp | -12.6%+402.3pp | -414.9% |
| Current Ratio | 0.03-0.1 | 0.15-0.0 | 0.19-0.0 | 0.21+0.0 | 0.17-0.1 | 0.26+0.2 | 0.05-0.6 | 0.66 |
| Debt-to-Equity | -1.35+0.1 | -1.50+0.1 | -1.62+0.1 | -1.75-0.2 | -1.53+0.5 | -2.04+21.7 | -23.71-9.8 | -13.91 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$2.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.03), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Star Alliance profitable?
No, Star Alliance (STAL) reported a net income of -$2.4M in fiscal year 2024.
What is Star Alliance's operating cash flow?
Star Alliance (STAL) generated -$262K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Star Alliance's total assets?
Star Alliance (STAL) had $705K in total assets as of fiscal year 2024, including both current and long-term assets.
What is Star Alliance's current ratio?
Star Alliance (STAL) had a current ratio of 0.03 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Star Alliance's debt-to-equity ratio?
Star Alliance (STAL) had a debt-to-equity ratio of -1.35 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Star Alliance's return on assets (ROA)?
Star Alliance (STAL) had a return on assets of -334.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Star Alliance's cash runway?
Based on fiscal year 2024 data, Star Alliance (STAL) had $90K in cash against an annual operating cash burn of $262K. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Star Alliance's debt-to-equity ratio negative or unusual?
Star Alliance (STAL) has negative shareholder equity of -$2.0M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Star Alliance's Piotroski F-Score?
Star Alliance (STAL) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Star Alliance's earnings high quality?
Star Alliance (STAL) has an earnings quality ratio of 0.11x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Star Alliance cover its interest payments?
Star Alliance (STAL) has an interest coverage ratio of -1.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Star Alliance?
Star Alliance (STAL) scores 13 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.