Star Equity Holdings Inc Financials

STRRP

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 40/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Star Equity Holdings Inc has an operating margin of -2.7%, meaning the company retains $-3 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 0.9% the prior year.

Growth

Star Equity Holdings Inc's revenue declined 13.2% year-over-year, from $161.3M to $140.1M. This contraction results in a growth score of 0/100.

Leverage

100

Star Equity Holdings Inc carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 3.58, Star Equity Holdings Inc holds $3.58 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Star Equity Holdings Inc generated -$2.8M in operating cash flow, capex of $18K consumed most of it, leaving -$2.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

3/9

Star Equity Holdings Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.58x

For every $1 of reported earnings, Star Equity Holdings Inc generates $0.58 in operating cash flow (-$2.8M OCF vs -$4.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

This page shows Star Equity Holdings Inc (STRRP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

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Key Financial Metrics

Revenue

$140.1M

YoY-13.2%

5Y CAGR+8.3%

10Y CAGR-13.3%

Star Equity Holdings Inc generated $140.1M in revenue in fiscal year 2024. This represents a decrease of 13.2% from the prior year.

EBITDA

-$2.4M

YoY-185.9%

Star Equity Holdings Inc's EBITDA was -$2.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 185.9% from the prior year.

Free Cash Flow

-$2.8M

YoY-1398.6%

Star Equity Holdings Inc generated -$2.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 1398.6% from the prior year.

Net Income

-$4.8M

YoY-317.0%

Star Equity Holdings Inc reported -$4.8M in net income in fiscal year 2024. This represents a decrease of 317.0% from the prior year.

EPS (Diluted)

$-1.59

YoY-327.1%

Star Equity Holdings Inc earned $-1.59 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 327.1% from the prior year.

Cash & Debt

$17.0M

YoY-24.8%

5Y CAGR-11.4%

10Y CAGR-6.7%

Star Equity Holdings Inc held $17.0M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY-2.0%

5Y CAGR-1.3%

Star Equity Holdings Inc had 3M shares outstanding in fiscal year 2024. This represents a decrease of 2.0% from the prior year.

Gross Margin

N/A

Operating Margin

-2.7%

YoY-3.6pp

5Y CAGR-0.9pp

10Y CAGR+0.3pp

Star Equity Holdings Inc's operating margin was -2.7% in fiscal year 2024, reflecting core business profitability. This is down 3.6 percentage points from the prior year.

Net Margin

-3.4%

YoY-4.8pp

5Y CAGR-2.4pp

10Y CAGR-1.1pp

Star Equity Holdings Inc's net profit margin was -3.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$2.8M

YoY+189.4%

5Y CAGR-9.4%

Star Equity Holdings Inc spent $2.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 189.4% from the prior year.

Capital Expenditures

$18K

YoY-81.8%

5Y CAGR-26.5%

10Y CAGR-43.4%

Star Equity Holdings Inc invested $18K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 81.8% from the prior year.

STRRP Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$140.1M-13.2%	$161.3M-19.7%	$200.9M+18.7%	$169.2M+66.8%	$101.4M+8.1%	$93.8M
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$10.7M-1.9%	$10.9M+5.5%	$10.3M+27.6%	$8.1M+22.3%	$6.6M-18.3%	$8.1M
Operating Income	-$3.8M-375.4%	$1.4M-85.2%	$9.3M+112.5%	$4.4M+266.1%	-$2.6M-59.3%	-$1.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$1.3M+251.4%	$370K-84.1%	$2.3M+108.7%	$1.1M+108.8%	$535K+199.1%	-$540K
Net Income	-$4.8M-317.0%	$2.2M-69.2%	$7.1M+120.9%	$3.2M+359.6%	-$1.2M-30.2%	-$955K
EPS (Diluted)	$-1.59-327.1%	$0.70-69.2%	$2.27+112.1%	$1.07+348.8%	$-0.43	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$48.0M+34.9%	$35.5M+11.5%	$31.9M-5.2%	$33.6M-5.9%	$35.7M+5.4%	$33.9M-0.2%	$34.0M-13.8%	$39.4M
Cost of Revenue	$27.3M	N/A	N/A	$18.3M	N/A	N/A	N/A	N/A
Gross Profit	$20.6M	N/A	N/A	$18.6M	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	$4.8M+72.5%	$2.8M+8.9%	$2.6M+1.0%	$2.5M+5.3%	$2.4M-17.7%	$2.9M+0.2%	$2.9M+16.8%	$2.5M
Operating Income	-$1.6M-679.1%	-$211K+87.8%	-$1.7M-1279.2%	-$125K+33.2%	-$187K+93.8%	-$3.0M-139.9%	-$1.3M-199.2%	$1.3M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$249K-27.8%	$345K+978.1%	$32K-96.2%	$837K+230.8%	$253K+387.5%	-$88K+88.7%	-$778K-280.9%	$430K
Net Income	-$1.8M-156.4%	-$688K+60.8%	-$1.8M-200.2%	-$585K-32.7%	-$441K+84.8%	-$2.9M-495.4%	$733K+37.5%	$533K
EPS (Diluted)	$-0.54-134.8%	$-0.23+61.0%	$-0.59-181.0%	$-0.21-40.0%	$-0.15+84.2%	$-0.95-495.8%	$0.24+41.2%	$0.17

STRRP Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$52.6M-13.7%	$61.0M-10.3%	$67.9M+10.9%	$61.2M+34.9%	$45.4M-2.8%	$46.7M
Current Assets	$40.1M-12.4%	$45.8M-17.4%	$55.5M+12.9%	$49.2M+22.0%	$40.3M-10.3%	$44.9M
Cash & Equivalents	$17.0M-24.8%	$22.6M-16.6%	$27.1M+24.9%	$21.7M-15.9%	$25.8M-17.3%	$31.2M
Inventory	$0	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$20.1M+1.9%	$19.7M-25.0%	$26.3M+2.0%	$25.7M+91.5%	$13.4M+5.1%	$12.8M
Goodwill	$5.7M-0.8%	$5.7M+17.9%	$4.9M+15.5%	$4.2M+102.1%	$2.1M	$0
Total Liabilities	$12.2M-2.0%	$12.4M-44.0%	$22.1M+1.0%	$21.9M+97.4%	$11.1M+4.1%	$10.7M
Current Liabilities	$11.2M+0.1%	$11.2M-46.9%	$21.1M+7.3%	$19.7M+96.8%	$10.0M+5.5%	$9.5M
Long-Term Debt	$0	N/A	N/A	$1.3M	N/A	$0
Total Equity	$40.4M-16.7%	$48.6M+6.0%	$45.8M+16.5%	$39.3M+14.7%	$34.3M-4.9%	$36.0M
Retained Earnings	-$430.0M-1.1%	-$425.2M+0.5%	-$427.4M+1.6%	-$434.5M+0.7%	-$437.8M-0.3%	-$436.5M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$117.1M+110.8%	$55.6M+4.5%	$53.2M+1.1%	$52.6M0.0%	$52.6M0.0%	$52.6M-13.7%	$61.0M0.0%	$61.0M
Current Assets	$67.8M+56.7%	$43.3M+5.1%	$41.2M+2.7%	$40.1M-4.5%	$42.0M-5.7%	$44.5M-2.8%	$45.8M-6.3%	$49.0M
Cash & Equivalents	$15.4M-8.7%	$16.8M+1.7%	$16.6M-2.7%	$17.0M+16.0%	$14.7M-28.2%	$20.4M-9.7%	$22.6M+4.6%	$21.6M
Inventory	$7.7M	N/A	N/A	$0	N/A	N/A	N/A	N/A
Accounts Receivable	$36.2M+53.9%	$23.5M+10.7%	$21.3M+5.9%	$20.1M0.0%	$20.1M0.0%	$20.1M+1.9%	$19.7M0.0%	$19.7M
Goodwill	$6.0M+3.6%	$5.8M+0.8%	$5.7M+0.2%	$5.7M-0.4%	$5.7M-0.1%	$5.7M-0.4%	$5.7M+18.0%	$4.9M
Total Liabilities	$49.4M+219.6%	$15.4M+12.7%	$13.7M+12.8%	$12.2M-10.4%	$13.6M-8.9%	$14.9M+20.1%	$12.4M-12.2%	$14.1M
Current Liabilities	$32.8M+130.1%	$14.3M+11.5%	$12.8M+13.9%	$11.2M-11.9%	$12.7M-8.3%	$13.9M+23.9%	$11.2M-14.5%	$13.1M
Long-Term Debt	$6.5M	N/A	N/A	$0	N/A	N/A	N/A	N/A
Total Equity	$67.8M+68.9%	$40.1M+1.7%	$39.5M-2.4%	$40.4M-5.0%	$42.6M-3.9%	$44.3M-8.8%	$48.6M+4.1%	$46.6M
Retained Earnings	-$434.2M-0.4%	-$432.5M-0.2%	-$431.8M-0.4%	-$430.0M-0.3%	-$428.6M-0.1%	-$428.1M-0.7%	-$425.2M+0.2%	-$426.0M

STRRP Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$2.8M-984.8%	$315K-96.7%	$9.4M+276.9%	$2.5M+275.8%	-$1.4M+70.5%	-$4.8M
Capital Expenditures	$18K-81.8%	$99K-80.4%	$504K+77.5%	$284K+1190.9%	$22K-73.8%	$84K
Free Cash Flow	-$2.8M-1398.6%	$216K-97.6%	$8.9M+302.4%	$2.2M+253.5%	-$1.4M+70.5%	-$4.9M
Investing Cash Flow	$1.1M+149.1%	-$2.2M-62.4%	-$1.3M+78.9%	-$6.3M-56.7%	-$4.0M-4684.5%	-$84K
Financing Cash Flow	-$3.1M-26.5%	-$2.5M-20.4%	-$2.0M-50825.0%	-$4K+99.6%	-$927K+79.8%	-$4.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$2.8M+189.4%	$959K-15.2%	$1.1M	$0-100.0%	$2.2M-50.7%	$4.5M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$2.7M-2069.8%	$139K+117.3%	-$802K-139.7%	$2.0M+147.3%	-$4.3M-139.4%	-$1.8M-153.5%	$3.3M+565.9%	-$716K
Capital Expenditures	$615K+1562.2%	$37K+516.7%	$6K+250.0%	-$4K-128.6%	$14K+55.6%	$9K-74.3%	$35K+40.0%	$25K
Free Cash Flow	-$3.4M-3387.3%	$102K+112.6%	-$808K-140.1%	$2.0M+147.0%	-$4.3M-139.0%	-$1.8M-154.3%	$3.3M+545.5%	-$741K
Investing Cash Flow	$6.2M+16840.5%	-$37K-516.7%	-$6K-250.0%	$4K+128.6%	-$14K-101.3%	$1.1M+151.1%	-$2.1M-8260.0%	-$25K
Financing Cash Flow	-$2.6M-11113.0%	-$23K-187.5%	-$8K+93.5%	-$123K+91.7%	-$1.5M-35.6%	-$1.1M-429.0%	-$207K+3.3%	-$214K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$2.6M	$0	$0	$0-100.0%	$1.4M+54.5%	$936K+405.9%	$185K-8.0%	$201K

STRRP Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-2.7%-3.6pp	0.9%-3.8pp	4.7%+2.1pp	2.6%+5.2pp	-2.6%-0.8pp	-1.8%
Net Margin	-3.4%-4.8pp	1.4%-2.2pp	3.5%+1.6pp	1.9%+3.1pp	-1.2%-0.2pp	-1.0%
Return on Equity	N/A	4.5%-11.0pp	15.6%+7.4pp	8.2%	N/A	N/A
Return on Assets	-9.1%-12.7pp	3.6%-6.9pp	10.5%+5.2pp	5.3%+8.0pp	-2.7%-0.7pp	-2.0%
Current Ratio	3.58-0.5	4.09+1.5	2.63+0.1	2.50-1.5	4.03-0.7	4.74
Debt-to-Equity	0.00-0.3	0.26-0.2	0.48+0.5	0.03-0.3	0.32+0.3	0.00
FCF Margin	-2.0%-2.1pp	0.1%-4.3pp	4.5%+3.1pp	1.3%+2.7pp	-1.4%+3.8pp	-5.2%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	43.0%	N/A	N/A	50.5%	N/A	N/A	N/A	N/A
Operating Margin	-3.4%-2.8pp	-0.6%+4.8pp	-5.4%-5.0pp	-0.4%+0.1pp	-0.5%+8.5pp	-9.0%-5.2pp	-3.7%-7.0pp	3.2%
Net Margin	-3.7%-1.7pp	-1.9%+3.6pp	-5.5%-3.8pp	-1.7%-0.5pp	-1.2%+7.3pp	-8.6%-10.7pp	2.2%+0.8pp	1.4%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	1.5%+0.4pp	1.1%
Return on Assets	-1.5%-0.3pp	-1.2%+2.1pp	-3.3%-2.2pp	-1.1%-0.3pp	-0.8%+4.7pp	-5.5%-6.7pp	1.2%+0.3pp	0.9%
Current Ratio	2.07-1.0	3.04-0.2	3.22-0.4	3.58+0.3	3.30+0.1	3.21-0.9	4.09+0.4	3.73
Debt-to-Equity	0.10-0.3	0.38+0.0	0.35+0.3	0.00-0.3	0.32-0.0	0.34+0.1	0.26-0.0	0.30
FCF Margin	-7.0%-7.3pp	0.3%+2.8pp	-2.5%-8.5pp	6.0%+18.0pp	-12.0%-6.7pp	-5.3%-15.0pp	9.7%+11.6pp	-1.9%

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Frequently Asked Questions

What is Star Equity Holdings Inc's annual revenue?

Star Equity Holdings Inc (STRRP) reported $140.1M in total revenue for fiscal year 2024. This represents a -13.2% 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 Equity Holdings Inc's revenue growing?

Star Equity Holdings Inc (STRRP) revenue declined by 13.2% year-over-year, from $161.3M to $140.1M in fiscal year 2024.

Is Star Equity Holdings Inc profitable?

No, Star Equity Holdings Inc (STRRP) reported a net income of -$4.8M in fiscal year 2024, with a net profit margin of -3.4%.

What is Star Equity Holdings Inc's earnings per share (EPS)?

Star Equity Holdings Inc (STRRP) reported diluted earnings per share of $-1.59 for fiscal year 2024. This represents a -327.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Star Equity Holdings Inc's EBITDA?

Star Equity Holdings Inc (STRRP) had EBITDA of -$2.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Star Equity Holdings Inc have?

As of fiscal year 2024, Star Equity Holdings Inc (STRRP) had $17.0M in cash and equivalents against $0 in long-term debt.

What is Star Equity Holdings Inc's operating margin?

Star Equity Holdings Inc (STRRP) had an operating margin of -2.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Star Equity Holdings Inc's net profit margin?

Star Equity Holdings Inc (STRRP) had a net profit margin of -3.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Star Equity Holdings Inc's free cash flow?

Star Equity Holdings Inc (STRRP) generated -$2.8M in free cash flow during fiscal year 2024. This represents a -1398.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Star Equity Holdings Inc's operating cash flow?

Star Equity Holdings Inc (STRRP) generated -$2.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Star Equity Holdings Inc's total assets?

Star Equity Holdings Inc (STRRP) had $52.6M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Star Equity Holdings Inc's capital expenditures?

Star Equity Holdings Inc (STRRP) invested $18K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Star Equity Holdings Inc buy back shares?

Yes, Star Equity Holdings Inc (STRRP) spent $2.8M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Star Equity Holdings Inc have outstanding?

Star Equity Holdings Inc (STRRP) had 3M shares outstanding as of fiscal year 2024.

What is Star Equity Holdings Inc's current ratio?

Star Equity Holdings Inc (STRRP) had a current ratio of 3.58 as of fiscal year 2024, which is generally considered healthy.

What is Star Equity Holdings Inc's debt-to-equity ratio?

Star Equity Holdings Inc (STRRP) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Star Equity Holdings Inc's return on assets (ROA)?

Star Equity Holdings Inc (STRRP) had a return on assets of -9.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Star Equity Holdings Inc's cash runway?

Based on fiscal year 2024 data, Star Equity Holdings Inc (STRRP) had $17.0M in cash against an annual operating cash burn of $2.8M. This gives an estimated cash runway of approximately 73 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.

What is Star Equity Holdings Inc's Piotroski F-Score?

Star Equity Holdings Inc (STRRP) has a Piotroski F-Score of 3 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Star Equity Holdings Inc's earnings high quality?

Star Equity Holdings Inc (STRRP) has an earnings quality ratio of 0.58x, 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.

How financially healthy is Star Equity Holdings Inc?

Star Equity Holdings Inc (STRRP) scores 40 out of 100 on our Financial Profile, indicating moderate 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.