Star Holdings Financials
Star Holdings (STHO) reported $93.8M in revenue over the twelve months to Jun 30, 2026, down 17.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Star Holdings looks increasingly like a balance-sheet management story, with asset shrinkage cushioning losses as leverage rises.
In the latest year, the net loss was still-$64.2M even though operating cash burn was only-$11.7M ; that mismatch suggests much of the earnings damage is non-cash, tied more to how the asset base is being marked or unwound than to daily cash outlays alone. Meanwhile, equity kept shrinking as debt-to-equity climbed to 1.1x, so each remaining dollar of book capital is supporting a more leveraged balance sheet.
The improvement in reported results looks mostly like cost discipline, not a stronger revenue engine: SG&A fell to
The company also appears more externally financed than self-funding: long-term debt reached
Financial Health Signals
Star Holdings does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Star Holdings passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Star Holdings reported a net loss of $64.2M while operations used $11.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Star Holdings generated $110.1M in revenue in fiscal year 2025. This represents a decrease of 2.8% from the prior year.
Star Holdings reported -$64.2M in net income in fiscal year 2025. This represents an increase of 25.9% from the prior year.
Star Holdings earned -$4.90 per diluted share (EPS) in fiscal year 2025. This represents an increase of 24.7% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Star Holdings held $50.1M in cash against $268.7M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Star Holdings's net profit margin was -58.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 18.2 percentage points from the prior year.
Star Holdings's ROE was -25.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Star Holdings spent $8.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
STHO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19.4M-7.5% | $20.9M-17.4% | $25.4M-9.8% | $28.1M-33.2% | $42.1M+187.6% | $14.6M-55.4% | $32.8M+33.4% | $24.6M |
| SG&A Expenses | $2.6M-20.4% | $3.3M+0.9% | $3.3M-2.3% | $3.3M+2.4% | $3.3M-31.0% | $4.7M+3.0% | $4.6M+0.4% | $4.6M |
| Net Income | $41.4M+504.1% | -$10.3M+46.4% | -$19.1M-1163.7% | $1.8M+104.6% | -$39.3M-416.9% | -$7.6M+92.6% | -$102.6M-211.6% | $91.9M |
| EPS (Diluted) | $3.43+503.5% | -$0.85+43.3% | -$1.50-1171.4% | $0.14+104.7% | -$2.95-417.5% | -$0.57+92.6% | -$7.70-211.6% | $6.90 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, Interest Expense, Income Tax.
STHO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $508.2M+5.8% | $480.4M-15.8% | $570.2M-4.3% | $595.9M+1.0% | $589.9M-4.6% | $618.2M+1.6% | $608.7M-12.6% | $696.5M |
| Cash & Equivalents | $52.8M-14.9% | $62.1M+23.9% | $50.1M+23.4% | $40.6M-8.2% | $44.2M+45.8% | $30.3M-13.3% | $35.0M-22.4% | $45.0M |
| Total Liabilities | $225.2M-6.2% | $240.2M-21.1% | $304.3M+0.7% | $302.2M+2.8% | $294.0M+4.3% | $281.9M+6.9% | $263.7M+6.4% | $247.9M |
| Long-Term Debt | $208.8M+0.9% | $207.0M-23.0% | $268.7M+3.6% | $259.3M+5.7% | $245.4M+6.0% | $231.5M+6.5% | $217.3M+8.0% | $201.2M |
| Total Equity | $281.7M+17.9% | $238.9M-5.1% | $251.8M-8.6% | $275.4M-0.3% | $276.1M-12.7% | $316.1M-2.5% | $324.3M-24.1% | $427.5M |
| Retained Earnings | -$316.3M+11.6% | -$357.7M-3.0% | -$347.4M-5.8% | -$328.3M+0.5% | -$330.1M-13.5% | -$290.8M-2.7% | -$283.2M-56.8% | -$180.6M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities.
STHO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.8M+66.3% | -$8.4M-5.0% | -$8.0M-250.7% | $5.3M+301.1% | -$2.6M+58.3% | -$6.3M+7.9% | -$6.9M-81.4% | -$3.8M |
| Investing Cash Flow | -$6.4M-1125.4% | $626K-96.3% | $16.8M+220.6% | -$13.9M-459.2% | $3.9M+146.8% | -$8.3M+48.8% | -$16.2M-1446.3% | -$1.0M |
| Financing Cash Flow | -$1K-100.0% | $2.7M+1.3% | $2.6M-69.1% | $8.5M-26.9% | $11.6M-3.9% | $12.1M-13.8% | $14.0M | N/A |
| Share Buybacks | $0-100.0% | $2.0M-55.4% | $4.5M+36.6% | $3.3M | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.
STHO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 214.1% | -49.0%+26.5pp | -75.5%-81.9pp | 6.4%+99.9pp | -93.5%-41.5pp | -52.0% | -313.1% | 374.3% |
| Return on Equity | 14.7%+19.0pp | -4.3%+3.3pp | -7.6%-8.3pp | 0.7%+14.9pp | -14.2%-11.8pp | -2.4%+29.2pp | -31.6%-53.1pp | 21.5% |
| Return on Assets | 8.2%+10.3pp | -2.1%+1.2pp | -3.4%-3.7pp | 0.3%+7.0pp | -6.7%-5.4pp | -1.2%+15.6pp | -16.9%-30.0pp | 13.2% |
| Debt-to-Equity | 0.74-0.1x | 0.87-0.2x | 1.07+0.1x | 0.94+0.1x | 0.89+0.2x | 0.73+0.1x | 0.67+0.2x | 0.47 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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Where Star Holdings Ranks
Frequently Asked Questions
What is Star Holdings's annual revenue?
Star Holdings (STHO) reported $110.1M in total revenue for fiscal year 2025. This represents a -2.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Star Holdings's revenue growing?
Star Holdings (STHO) revenue declined by 2.8% year-over-year, from $113.3M to $110.1M in fiscal year 2025.
Is Star Holdings profitable?
No, Star Holdings (STHO) reported a net income of -$64.2M in fiscal year 2025, with a net profit margin of -58.3%.
How much debt does Star Holdings have?
As of fiscal year 2025, Star Holdings (STHO) had $50.1M in cash and equivalents against $268.7M in long-term debt.
What is Star Holdings's net profit margin?
Star Holdings (STHO) had a net profit margin of -58.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Star Holdings's return on equity (ROE)?
Star Holdings (STHO) has a return on equity of -25.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Star Holdings's operating cash flow?
Star Holdings (STHO) recorded an outflow of $11.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Star Holdings's total assets?
Star Holdings (STHO) had $570.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Star Holdings's debt-to-equity ratio?
Star Holdings (STHO) had a debt-to-equity ratio of 1.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Star Holdings's return on assets (ROA)?
Star Holdings (STHO) had a return on assets of -11.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Star Holdings's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Star Holdings (STHO) held $50.1M in cash, cash equivalents and investments, and reported an operating cash outflow of $11.7M over that year. Dividing the one by the other, the reported balance equals about 52 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Star Holdings's Piotroski F-Score?
Star Holdings (STHO) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Holdings's earnings high quality?
Star Holdings (STHO) reported a net loss of $64.2M while operations used $11.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.