Here are the 10-K annual reports from HSONP (HSONP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow HSONP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HSONP filings page.
Star Equity Holdings, Inc., a diversified holding company, filed its annual report outlining four segments: Building Solutions, Business Services, Energy Services, and Investments. The company completed a merger with Star Operating Companies, issuing approximately 744,291 shares of common stock and 2,690,637 shares of 10% Series A Preferred Stock.
Star Equity’s strategy centers on organic growth, expanding service offerings, and selective acquisitions, while also considering divestitures, equity and debt financings, and share repurchases. The business is highly client‑concentrated, with the top 25 clients generating 73% of 2025 revenue and one client accounting for 23%.
The report details extensive risk factors, including sensitivity to global economic conditions, commodity and labor cost inflation, cyclical demand in construction and energy, heavy reliance on key customers, indebtedness tied to credit facilities, and exposure to international, regulatory, cybersecurity, and ESG/DEI-related developments. As of December 31, 2025, the company reported approximately $215.4 million of U.S. federal and state net operating loss carryforwards.