What is Star's operating income?

Star's total operating income in 2025 was -$70.68 million, based on the following breakdown: Total Gross Profit: $31.71 million Total Operating Expenses: $37.62 million

Star (STHO) Financials

$9.06 +0.04 (+0.44%)

Closing price 04:00 PM Eastern

Extended Trading

$9.07 +0.01 (+0.11%)

As of 04:10 PM Eastern

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Annual Income Statements for Star

This table shows Star's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	63	-36	-196	-87	-64
Consolidated Net Income / (Loss)	63	-36	-196	-88	-71
Net Income / (Loss) Continuing Operations	63	-36	-196	-88	-71
Total Pre-Tax Income	85	-36	-196	-88	-71
Total Operating Income	35	-82	-225	-88	-71
Total Gross Profit	81	36	13	20	32
Total Revenue	298	149	123	117	110
Operating Revenue	298	149	123	117	110
Total Cost of Revenue	217	113	110	97	78
Operating Cost of Revenue	217	113	110	97	78
Total Operating Expenses	46	118	66	42	38
Selling, General & Admin Expense	47	11	37	21	15
Depreciation Expense	6.49	4.91	4.57	4.33	5.22
Other Operating Expenses / (Income)	-8.09	87	25	16	18
Total Other Income / (Expense), net	50	46	-143	-67	-65
Interest Expense	51	0.00	2.09	0.00	0.07
Interest & Investment Income	83	46	31	0.00	0.00
Other Income / (Expense), net	18	-	-171	-67	-65
Income Tax Expense	23	0.00	0.00	0.00	0.03
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.07	0.04	0.07	-1.61	-6.53
Basic Earnings per Share	$4.71	($2.73)	($14.74)	($6.51)	($4.90)
Weighted Average Basic Shares Outstanding	13.32M	13.32M	13.32M	13.32M	13.11M
Diluted Earnings per Share	$4.71	($2.73)	($14.74)	($6.51)	($4.90)
Weighted Average Diluted Shares Outstanding	13.32M	13.32M	13.32M	13.32M	13.11M
Weighted Average Basic & Diluted Shares Outstanding	-	-	13.32M	13.32M	12.09M

This table shows Star's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-82	66	-49	-27	92	-103	-7.60	-39	1.80	-19	-10
Consolidated Net Income / (Loss)	-82	66	-49	-28	91	-103	-8.05	-40	0.27	-23	-14
Net Income / (Loss) Continuing Operations	-82	66	-49	-28	91	-87	-8.05	-40	0.27	-23	-14
Total Pre-Tax Income	-82	66	-49	-28	91	-103	-8.05	-40	0.27	-23	-14
Total Operating Income	3.09	-200	-11	-10	-2.38	6.03	-11	3.01	1.22	-64	-12
Total Gross Profit	12	2.89	1.31	-0.63	7.22	12	-1.90	11	10	12	0.09
Total Revenue	44	37	25	31	28	33	15	42	28	25	21
Operating Revenue	44	37	25	31	28	33	15	42	28	25	21
Total Cost of Revenue	32	34	24	31	21	21	17	31	18	13	21
Operating Cost of Revenue	32	34	24	31	21	21	17	31	18	13	21
Total Operating Expenses	8.71	32	12	9.60	9.60	6.12	9.32	8.19	9.14	11	12
Selling, General & Admin Expense	7.49	7.25	7.45	4.59	4.57	4.58	4.72	3.26	3.34	3.26	3.65
Depreciation Expense	1.13	1.28	1.18	1.18	0.99	0.98	0.98	0.95	1.09	2.19	2.23
Other Operating Expenses / (Income)	0.10	23	3.81	3.83	4.05	0.56	3.63	3.98	4.71	5.51	6.51
Total Other Income / (Expense), net	-85	95	-38	-18	94	-93	3.18	-43	-0.95	-24	-2.16
Interest Expense	4.88	-19	0.00	0.00	0.00	-12	0.07	0.00	0.00	-	0.00
Other Income / (Expense), net	-80	76	-38	-18	94	-105	3.25	-43	-0.95	-24	-2.16
Net Income / (Loss) Attributable to Noncontrolling Interest	0.06	0.01	-0.02	-0.84	-0.43	-0.33	-0.44	-0.41	-1.53	-4.15	-4.20
Basic Earnings per Share	($6.14)	$4.96	($3.68)	($2.04)	$6.90	($7.69)	($0.57)	($2.95)	$0.14	($1.52)	($0.85)
Weighted Average Basic Shares Outstanding	13.32M	13.32M	13.32M	13.32M	13.32M	13.32M	13.32M	13.31M	13.17M	13.11M	12.13M
Diluted Earnings per Share	($6.14)	$4.96	($3.68)	($2.04)	$6.90	($7.69)	($0.57)	($2.95)	$0.14	($1.52)	($0.85)
Weighted Average Diluted Shares Outstanding	13.32M	13.32M	13.32M	13.32M	13.32M	13.32M	13.32M	13.31M	13.17M	13.11M	12.13M
Weighted Average Basic & Diluted Shares Outstanding	13.32M	13.32M	13.32M	13.32M	13.32M	13.32M	13.32M	13.29M	12.74M	12.09M	12.08M

This table details how cash moves in and out of Star's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	5.22	-9.60	53	-15	22
Net Cash From Operating Activities	8.53	-27	-19	-31	-12
Net Cash From Continuing Operating Activities	8.53	-27	-19	-31	-12
Net Income / (Loss) Continuing Operations	63	-36	-196	-88	-71
Consolidated Net Income / (Loss)	63	-36	-196	-88	-71
Depreciation Expense	6.49	4.91	4.57	4.33	5.22
Amortization Expense	-14	-6.86	1.31	6.88	7.29
Non-Cash Adjustments To Reconcile Net Income	-66	15	163	52	46
Changes in Operating Assets and Liabilities, net	20	-3.61	8.27	-6.09	0.31
Net Cash From Investing Activities	673	236	186	0.31	-1.54
Net Cash From Continuing Investing Activities	673	236	186	0.31	-1.54
Purchase of Property, Plant & Equipment	-24	-22	-13	-36	-49
Acquisitions	-71	-82	21	0.00	0.00
Sale of Property, Plant & Equipment	310	100	69	48	47
Sale and/or Maturity of Investments	538	228	117	0.00	18
Other Investing Activities, net	-80	13	-7.54	-11	-18
Net Cash From Financing Activities	-676	-218	-114	16	35
Net Cash From Continuing Financing Activities	-676	-218	-114	16	35
Repayment of Debt	0.00	-0.03	-75	0.00	-4.91
Repurchase of Common Equity	-	-	0.00	0.00	-7.95
Payment of Dividends	-0.50	0.00	-2.54	0.00	0.00
Issuance of Debt	0.00	0.00	253	16	48
Other Financing Activities, net	-676	-218	-290	0.00	0.00

This table details how cash moves in and out of Star's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-6.58	9.50	-4.60	1.47	-3.05	-8.99	-2.51	13	-0.11	11	-5.11
Net Cash From Operating Activities	-8.32	-5.74	-14	-6.41	-3.79	-6.87	-6.33	-2.64	5.31	-8.00	-8.40
Net Cash From Continuing Operating Activities	-8.32	-5.74	-14	-6.41	-3.79	-6.87	-6.33	-2.64	5.31	-8.00	-8.40
Net Income / (Loss) Continuing Operations	-82	66	-49	-28	91	-103	-8.05	-40	0.28	-23	-14
Consolidated Net Income / (Loss)	-82	66	-49	-28	91	-103	-8.05	-40	0.28	-23	-14
Depreciation Expense	1.12	1.28	1.18	1.18	0.99	0.98	0.98	0.95	1.09	2.19	2.23
Amortization Expense	-0.04	1.62	1.69	1.72	1.62	1.86	1.69	1.75	1.81	2.04	1.69
Non-Cash Adjustments To Reconcile Net Income	73	-77	34	21	-96	93	-1.40	34	1.67	12	1.46
Changes in Operating Assets and Liabilities, net	-1.12	2.18	-2.03	-2.30	-2.22	0.46	0.45	0.27	0.46	-0.87	0.68
Net Cash From Investing Activities	17	40	9.63	7.88	-1.05	-16	-8.28	3.87	-14	17	0.63
Net Cash From Continuing Investing Activities	17	40	9.63	7.88	-1.05	-16	-8.28	3.87	-14	17	0.63
Purchase of Property, Plant & Equipment	-0.69	-4.93	-6.21	-0.38	-12	-17	-0.31	-22	-11	-0.23	-0.42
Acquisitions	-	-	-	-	-	-	0.00	-	-	-	-3.05
Sale of Property, Plant & Equipment	22	26	17	16	-27	2.97	5.54	26	-32	47	13
Sale and/or Maturity of Investments	0.25	-0.13	0.00	-	-	-	3.05	0.45	-	15	2.80
Other Investing Activities, net	-4.14	-1.96	-0.74	-7.90	38	-1.77	-17	-1.14	29	-45	-12
Net Cash From Financing Activities	-15	-25	0.00	-	1.78	14	12	12	8.49	2.63	2.66
Net Cash From Continuing Financing Activities	-15	-25	0.00	-	1.78	14	12	12	8.49	2.63	2.66
Repayment of Debt	-15	-22	0.00	-	-	-	-5.25	-0.11	-0.03	0.48	-0.16
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	-3.28	-4.48	-2.00
Issuance of Debt	-	-	0.00	-	1.78	14	17	12	12	6.63	4.82

This table presents Star's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,005	669	609	570
Total Current Assets	4.23	51	35	50
Cash & Equivalents	4.23	51	35	50
Plant, Property, & Equipment, net	-18	-22	-25	-30
Accumulated Depreciation	18	22	25	30
Total Noncurrent Assets	1,019	641	599	550
Long-Term Investments	636	316	250	185
Noncurrent Note & Lease Receivables	40	23	52	46
Other Noncurrent Operating Assets	344	301	297	319
Total Liabilities & Shareholders' Equity	1,005	669	609	570
Total Liabilities	33	235	264	304
Total Current Liabilities	33	42	46	36
Accounts Payable	33	42	46	36
Total Noncurrent Liabilities	0.00	193	217	269
Long-Term Debt	0.00	193	217	269
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	972	434	345	266
Total Preferred & Common Equity	972	412	324	252
Total Common Equity	972	412	324	252
Common Stock	0.00	608	608	600
Retained Earnings	0.00	-196	-283	-347
Accumulated Other Comprehensive Income / (Loss)	0.00	0.36	-0.10	-0.42
Noncontrolling Interest	0.73	22	21	14

This table presents Star's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	604	623	601	697	618	590	596	480
Total Current Assets	46	46	48	45	30	44	41	46
Cash & Equivalents	46	46	48	45	30	44	41	46
Plant, Property, & Equipment, net	-21	-23	-24	-25	-26	-27	-27	-29
Accumulated Depreciation	21	23	24	25	26	27	27	29
Total Noncurrent Assets	580	600	575	676	614	572	583	463
Long-Term Investments	241	279	261	355	253	210	209	183
Noncurrent Note & Lease Receivables	22	24	32	33	49	49	56	56
Other Noncurrent Operating Assets	317	298	282	289	312	313	317	224
Total Liabilities & Shareholders' Equity	604	623	601	697	618	590	596	480
Total Liabilities	255	238	244	248	282	294	302	240
Total Current Liabilities	43	43	47	47	50	49	43	33
Accounts Payable	43	43	47	47	50	49	43	33
Total Noncurrent Liabilities	213	195	197	201	231	245	259	207
Long-Term Debt	213	195	197	201	231	245	259	207
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	349	385	357	449	336	296	294	240
Total Preferred & Common Equity	345	362	335	428	316	276	275	239
Total Common Equity	345	362	335	428	316	276	275	239
Common Stock	608	608	608	608	608	607	604	598
Retained Earnings	-263	-245	-273	-181	-291	-330	-328	-358
Accumulated Other Comprehensive Income / (Loss)	-0.14	0.21	0.22	0.55	-0.70	-1.20	-0.38	-1.05
Noncontrolling Interest	3.86	22	21	21	20	20	18	1.26

This table displays calculated financial ratios and metrics derived from Star's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	-49.99%	-17.56%	-4.92%	-5.86%
EBITDA Growth	0.00%	-285.92%	-365.55%	68.70%	14.44%
EBIT Growth	0.00%	-254.27%	-383.81%	64.06%	12.55%
NOPAT Growth	0.00%	-319.83%	-174.63%	80.18%	20.01%
Net Income Growth	0.00%	-157.94%	-440.58%	54.98%	19.90%
EPS Growth	0.00%	-157.96%	-439.93%	55.83%	24.73%
Operating Cash Flow Growth	0.00%	-420.58%	31.58%	-67.15%	62.74%
Free Cash Flow Firm Growth	0.00%	0.00%	78.21%	-143.24%	10.48%
Invested Capital Growth	0.00%	0.00%	-21.86%	6.88%	7.89%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-3.67%	-6.30%
EBITDA Q/Q Growth	0.00%	0.00%	-9,650.87%	-157.11%	0.41%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-175.44%	-0.67%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	76.04%	-761.77%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-209.54%	52.94%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-206.03%	55.74%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	15.36%	-3.72%	-10.78%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-406.42%	-57.46%
Invested Capital Q/Q Growth	0.00%	0.00%	-5.61%	10.96%	-1.15%
Profitability Metrics	-	-	-	-	-
Gross Margin	27.27%	24.06%	10.27%	17.15%	28.79%
EBITDA Margin	15.12%	-56.20%	-317.37%	-52.48%	-111.62%
Operating Margin	11.88%	-54.89%	-182.87%	-5.19%	-64.17%
EBIT Margin	17.79%	-54.89%	-322.15%	-62.06%	-122.98%
Profit (Net Income) Margin	21.00%	-24.33%	-159.52%	-75.53%	-64.26%
Tax Burden Percent	73.56%	100.00%	100.00%	100.00%	100.04%
Interest Burden Percent	160.42%	44.32%	49.52%	121.69%	52.23%
Effective Tax Rate	26.44%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-34.53%	-53.23%	-1.58%	-17.15%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-41.10%	-43.70%	68.01%	108.18%
Return on Net Nonoperating Assets (RNNOA)	0.00%	27.06%	25.31%	-21.11%	-6.02%
Return on Equity (ROE)	0.00%	-7.47%	-27.92%	-22.69%	-23.17%
Cash Return on Invested Capital (CROIC)	0.00%	-234.53%	-28.69%	-8.24%	-24.74%
Operating Return on Assets (OROA)	0.00%	-8.15%	-47.35%	-11.36%	-22.98%
Return on Assets (ROA)	0.00%	-3.61%	-23.44%	-13.83%	-12.01%
Return on Common Equity (ROCE)	0.00%	-7.46%	-27.46%	-21.44%	-21.85%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-3.74%	0.00%	-27.24%	0.00%
Net Operating Profit after Tax (NOPAT)	26	-57	-158	-4.25	-49
NOPAT Margin	8.74%	-38.43%	-128.01%	-3.64%	-44.92%
Net Nonoperating Expense Percent (NNEP)	0.00%	6.58%	-9.52%	-69.59%	-125.34%
Return On Investment Capital (ROIC_SIMPLE)	-	-5.90%	-25.13%	-0.76%	-9.25%
Cost of Revenue to Revenue	72.73%	75.94%	89.73%	82.86%	71.21%
SG&A Expenses to Revenue	15.70%	7.66%	30.06%	18.11%	13.23%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.39%	78.96%	53.86%	22.34%	34.15%
Earnings before Interest and Taxes (EBIT)	53	-82	-396	-73	-135
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	45	-84	-391	-61	-123
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.48	0.40	0.42
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.48	0.40	0.42
Price to Revenue (P/Rev)	0.00	0.00	1.62	1.11	0.95
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.18	0.30	0.51
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.39	0.71	1.38
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.00	0.44	0.63	1.01
Long-Term Debt to Equity	0.00	0.00	0.44	0.63	1.01
Financial Leverage	0.00	-0.66	-0.58	-0.31	-0.06
Leverage Ratio	0.00	1.03	1.19	1.64	1.93
Compound Leverage Factor	0.00	0.46	0.59	2.00	1.01
Debt to Total Capital	0.00%	0.00%	30.78%	38.65%	50.27%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	30.78%	38.65%	50.27%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.07%	3.56%	3.67%	2.64%
Common Equity to Total Capital	0.00%	99.93%	65.67%	57.68%	47.10%
Debt to EBITDA	0.00	0.00	-0.49	-3.54	-2.19
Net Debt to EBITDA	0.00	0.00	0.45	1.10	-0.27
Long-Term Debt to EBITDA	0.00	0.00	-0.49	-3.54	-2.19
Debt to NOPAT	0.00	0.00	-1.22	-51.09	-5.43
Net Debt to NOPAT	0.00	0.00	1.11	15.87	-0.68
Long-Term Debt to NOPAT	0.00	0.00	-1.22	-51.09	-5.43
Altman Z-Score	0.00	0.00	-1.66	-0.58	-1.21
Noncontrolling Interest Sharing Ratio	0.00%	0.07%	1.64%	5.51%	5.69%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.00	0.13	1.19	0.75	1.41
Quick Ratio	0.00	0.13	1.19	0.75	1.41
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-390	-85	-22	-71
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	-463.54%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-40.62	0.00	-1,019.56
Operating Cash Flow to Interest Expense	0.17	0.00	-8.96	0.00	-166.54
Operating Cash Flow Less CapEx to Interest Expense	5.74	0.00	17.79	0.00	-202.47
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.15	0.15	0.18	0.19
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	3.42	2.92	2.18	1.91
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	106.60	124.90	167.13	190.62
Cash Conversion Cycle (CCC)	0.00	-106.60	-124.90	-167.13	-190.62
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	332	260	277	299
Invested Capital Turnover	0.00	0.90	0.42	0.44	0.38
Increase / (Decrease) in Invested Capital	0.00	332	-73	18	22
Enterprise Value (EV)	0.00	0.00	48	83	152
Market Capitalization	0.00	0.00	200	130	105
Book Value per Share	$0.00	$72.94	$30.90	$24.35	$19.77
Tangible Book Value per Share	$0.00	$72.94	$30.90	$24.35	$19.77
Total Capital	0.00	972	627	562	535
Total Debt	0.00	0.00	193	217	269
Total Long-Term Debt	0.00	0.00	193	217	269
Net Debt	0.00	-640	-174	-68	34
Capital Expenditures (CapEx)	-286	-77	-56	-12	2.52
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-33	-42	-46	-36
Debt-free Net Working Capital (DFNWC)	0.00	-29	8.20	-11	14
Net Working Capital (NWC)	0.00	-29	8.20	-11	14
Net Nonoperating Expense (NNE)	-37	-21	39	84	21
Net Nonoperating Obligations (NNO)	0.00	-640	-174	-68	34
Total Depreciation and Amortization (D&A)	-7.99	-1.95	5.88	11	13
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-22.18%	-34.51%	-39.58%	-32.33%
Debt-free Net Working Capital to Revenue	0.00%	-19.35%	6.66%	-9.70%	13.14%
Net Working Capital to Revenue	0.00%	-19.35%	6.66%	-9.70%	13.14%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($14.74)	($6.51)	($4.90)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	13.32M	13.32M	13.11M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($14.74)	($6.51)	($4.90)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	13.32M	13.32M	13.11M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	13.32M	13.32M	12.09M
Normalized Net Operating Profit after Tax (NOPAT)	27	-47	-158	-4.25	-49
Normalized NOPAT Margin	8.91%	-31.64%	-128.01%	-3.64%	-44.92%
Pre Tax Income Margin	28.54%	-24.33%	-159.52%	-75.52%	-64.23%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	1.03	0.00	-189.67	0.00	-1,935.01
NOPAT to Interest Expense	0.51	0.00	-75.37	0.00	-706.77
EBIT Less CapEx to Interest Expense	6.60	0.00	-162.92	0.00	-1,970.94
NOPAT Less CapEx to Interest Expense	6.08	0.00	-48.62	0.00	-742.70
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.80%	0.00%	-1.30%	0.00%	0.00%
Augmented Payout Ratio	0.80%	0.00%	-1.30%	0.00%	-11.24%

This table displays calculated financial ratios and metrics derived from Star's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	0.00	13,319,552.00	13,319,552.00	13,319,552.00	13,319,552.00	-	13,319,552.00	13,319,552.00	13,290,018.00	-	12,088,770.00
DEI Adjusted Shares Outstanding	0.00	13,319,552.00	13,319,552.00	13,319,552.00	13,319,552.00	-	13,319,552.00	13,319,552.00	13,290,018.00	-	12,088,770.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	4.97	-3.68	-2.04	6.90	-	-0.57	-2.95	0.14	-	-0.85
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.43%	0.00%	51.53%	19.90%	-35.17%	-11.97%	-42.51%	37.65%	-0.50%	-22.60%	43.20%
EBITDA Growth	-9,941.48%	-11,084.71%	57.99%	69.94%	223.75%	-231.44%	88.49%	-47.73%	-96.63%	49.70%	-98.61%
EBIT Growth	-3,942.79%	0.00%	55.71%	66.89%	218.64%	-240.93%	83.72%	-42.10%	-99.70%	48.04%	-81.27%
NOPAT Growth	262.19%	0.00%	44.21%	-25.47%	-209.83%	174.84%	-0.81%	129.41%	151.35%	1.43%	-9.56%
Net Income Growth	-565.38%	0.00%	46.00%	68.92%	211.88%	-255.55%	83.58%	-42.10%	-99.70%	77.37%	-79.69%
EPS Growth	-568.70%	0.00%	45.96%	69.78%	212.38%	-255.04%	84.51%	-44.61%	-97.97%	80.23%	-49.12%
Operating Cash Flow Growth	0.00%	37.16%	-2,468.59%	-56.19%	54.49%	-19.53%	55.54%	58.80%	240.20%	-16.52%	-32.75%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	108.28%	-120.37%	86.02%	83.40%	-328.31%	-5.35%	257.51%
Invested Capital Growth	0.00%	-21.86%	0.00%	0.00%	-9.08%	6.88%	11.33%	17.95%	21.11%	7.89%	-23.41%
Revenue Q/Q Growth	71.00%	-14.59%	-31.65%	20.11%	-7.53%	15.97%	-55.36%	187.57%	-33.16%	-9.79%	-17.42%
EBITDA Q/Q Growth	8.81%	-59.68%	-163.19%	45.67%	475.42%	-197.81%	96.81%	-597.49%	108.57%	-2,740.01%	87.42%
EBIT Q/Q Growth	8.68%	-61.20%	-169.91%	42.95%	427.24%	-203.45%	95.29%	-398.01%	100.69%	-32,227.01%	83.58%
NOPAT Q/Q Growth	137.91%	-9,337.82%	-38.10%	8.03%	66.82%	159.04%	82.63%	126.83%	-42.07%	-3,751.24%	80.70%
Net Income Q/Q Growth	9.09%	180.90%	-174.08%	42.95%	427.24%	-212.48%	92.18%	-393.67%	100.69%	-8,596.72%	37.90%
EPS Q/Q Growth	9.04%	180.78%	-174.19%	44.57%	438.24%	-211.45%	92.59%	-417.54%	104.75%	-1,185.71%	44.08%
Operating Cash Flow Q/Q Growth	-102.80%	30.95%	-147.74%	54.98%	40.91%	-81.35%	7.86%	58.27%	301.06%	-250.72%	-4.98%
Free Cash Flow Firm Q/Q Growth	0.00%	53.32%	-492.96%	4.93%	109.03%	-151.30%	41.68%	-12.87%	-24.18%	-28.88%	187.19%
Invested Capital Q/Q Growth	0.00%	-5.61%	-1.61%	-4.83%	2.88%	10.96%	2.48%	0.83%	5.63%	-1.15%	-27.25%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.09%	7.78%	5.17%	-2.08%	25.57%	37.10%	-12.97%	26.63%	36.84%	47.53%	0.44%
EBITDA Margin	-174.46%	-326.15%	-181.32%	-82.02%	333.00%	-292.83%	-36.29%	-88.02%	11.29%	-330.46%	-50.33%
Operating Margin	7.10%	-537.42%	-43.76%	-33.51%	-8.42%	18.41%	-76.73%	7.16%	4.34%	-251.17%	-58.71%
EBIT Margin	-176.94%	-333.95%	-192.62%	-91.49%	323.80%	-301.49%	-54.54%	-94.45%	0.97%	-347.15%	-69.04%
Profit (Net Income) Margin	-187.64%	177.72%	-192.62%	-91.49%	323.80%	-314.05%	-55.02%	-94.45%	0.97%	-91.81%	-69.04%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.12%	100.00%
Interest Burden Percent	106.05%	-53.22%	100.00%	100.00%	100.00%	104.17%	100.88%	100.00%	100.00%	26.42%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-223.47%	-31.59%	-26.39%	-3.89%	5.62%	-21.13%	2.23%	1.85%	-67.14%	-19.06%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-288.84%	32.16%	10.18%	-72.83%	94.23%	-20.92%	70.31%	2.85%	-192.48%	-3.31%
Return on Net Nonoperating Assets (RNNOA)	0.00%	167.26%	-10.81%	-3.24%	24.87%	-29.25%	5.26%	-13.24%	-0.73%	10.71%	0.43%
Return on Equity (ROE)	0.00%	-56.21%	-42.39%	-29.64%	20.97%	-23.63%	-15.87%	-11.01%	1.12%	-56.43%	-18.63%
Cash Return on Invested Capital (CROIC)	0.00%	-28.69%	-211.97%	-213.77%	-1.68%	-8.24%	-33.66%	-14.60%	-16.39%	-24.74%	6.51%
Operating Return on Assets (OROA)	0.00%	-49.08%	-81.45%	-41.64%	60.46%	-55.21%	-9.33%	-18.67%	0.18%	-64.87%	-14.64%
Return on Assets (ROA)	0.00%	26.12%	-81.45%	-41.64%	60.46%	-57.51%	-9.41%	-18.67%	0.18%	-17.16%	-14.64%
Return on Common Equity (ROCE)	0.00%	-55.29%	-39.94%	-27.86%	20.32%	-22.33%	-14.94%	-10.31%	1.06%	-53.22%	-17.94%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	-42.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	2.17	-200	-7.79	-7.17	-2.38	4.22	-7.85	2.11	1.22	-45	-8.61
NOPAT Margin	4.97%	-537.42%	-30.63%	-23.46%	-8.42%	12.89%	-53.71%	5.01%	4.34%	-175.82%	-41.10%
Net Nonoperating Expense Percent (NNEP)	-227.65%	65.37%	-63.75%	-36.57%	68.94%	-88.62%	-0.21%	-68.08%	-1.00%	125.34%	-15.75%
Return On Investment Capital (ROIC_SIMPLE)	-	-31.91%	-1.34%	-1.29%	-0.37%	0.75%	-1.38%	0.39%	0.22%	-8.34%	-1.92%
Cost of Revenue to Revenue	72.91%	92.22%	94.83%	102.08%	74.43%	62.90%	112.97%	73.37%	63.16%	52.47%	99.56%
SG&A Expenses to Revenue	17.19%	19.47%	29.29%	15.04%	16.16%	13.98%	32.28%	7.74%	11.86%	12.86%	17.43%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.99%	84.66%	48.93%	31.43%	33.99%	18.69%	63.76%	19.48%	32.50%	43.25%	59.15%
Earnings before Interest and Taxes (EBIT)	-77	-124	-49	-28	91	-99	-7.98	-40	0.27	-88	-14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-76	-121	-46	-25	94	-96	-5.31	-37	3.17	-84	-11
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.48	0.47	0.48	0.43	0.40	0.36	0.38	0.40	0.42	0.38
Price to Tangible Book Value (P/TBV)	0.00	0.48	0.47	0.48	0.43	0.40	0.36	0.38	0.40	0.42	0.38
Price to Revenue (P/Rev)	0.00	1.62	1.31	1.17	1.52	1.11	1.07	0.88	0.93	0.95	0.79
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	2.25	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	44.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.18	0.25	0.29	0.03	0.30	0.29	0.40	0.45	0.51	0.32
Enterprise Value to Revenue (EV/Rev)	0.00	0.39	0.49	0.51	0.06	0.71	0.77	0.97	1.16	1.38	0.60
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.07	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.08	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	23.12	18.30	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.31
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.61	0.44	0.51	0.55	0.45	0.63	0.69	0.83	0.88	1.01	0.86
Long-Term Debt to Equity	0.61	0.44	0.51	0.55	0.45	0.63	0.69	0.83	0.88	1.01	0.86
Financial Leverage	-0.21	-0.58	-0.34	-0.32	-0.34	-0.31	-0.25	-0.19	-0.26	-0.06	-0.13
Leverage Ratio	1.73	1.19	1.62	1.68	1.63	1.64	1.72	1.82	1.74	1.93	1.91
Compound Leverage Factor	1.84	-0.63	1.62	1.68	1.63	1.71	1.74	1.82	1.74	0.51	1.91
Debt to Total Capital	37.90%	30.78%	33.64%	35.60%	30.96%	38.65%	40.76%	45.33%	46.89%	50.27%	46.29%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	37.90%	30.78%	33.64%	35.60%	30.96%	38.65%	40.76%	45.33%	46.89%	50.27%	46.29%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.69%	3.56%	3.84%	3.87%	3.24%	3.67%	3.56%	3.66%	3.30%	2.64%	0.28%
Common Equity to Total Capital	61.42%	65.67%	62.52%	60.53%	65.79%	57.68%	55.67%	51.01%	49.81%	47.10%	53.42%
Debt to EBITDA	52.05	-0.49	-1.47	-2.66	2.10	-3.54	-2.25	-7.54	-2.10	-2.19	-1.62
Net Debt to EBITDA	-18.03	0.45	0.98	1.51	-2.07	1.10	0.51	0.28	-0.07	-0.27	0.17
Long-Term Debt to EBITDA	52.05	-0.49	-1.47	-2.66	2.10	-3.54	-2.25	-7.54	-2.10	-2.19	-1.62
Debt to NOPAT	0.00	-1.22	-12.76	-11.78	-6.85	-51.09	-3.74	49.51	34.68	-5.43	-4.12
Net Debt to NOPAT	0.00	1.11	8.46	6.69	6.76	15.87	0.84	-1.86	1.23	-0.68	0.44
Long-Term Debt to NOPAT	0.00	-1.22	-12.76	-11.78	-6.85	-51.09	-3.74	49.51	34.68	-5.43	-4.12
Altman Z-Score	0.00	-0.32	-0.16	-0.16	0.69	-0.72	-0.33	-0.60	-0.36	-0.93	-0.64
Noncontrolling Interest Sharing Ratio	1.11%	1.64%	5.79%	6.01%	3.13%	5.51%	5.90%	6.32%	5.30%	5.69%	3.73%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.07	1.19	1.06	1.03	0.96	0.75	0.60	0.91	0.95	1.41	1.40
Quick Ratio	1.07	1.19	1.06	1.03	0.96	0.75	0.60	0.91	0.95	1.41	1.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-273	-127	-263	-250	23	-14	-37	-42	-52	-66	58
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	-9.64%	-47.72%	0.00%	0.00%	12.50%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-55.93	0.00	0.00	0.00	0.00	0.00	-525.68	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-1.71	0.00	0.00	0.00	0.00	0.00	-90.37	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	2.58	0.00	0.00	0.00	0.00	0.00	-15.56	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.15	0.42	0.46	0.19	0.18	0.17	0.20	0.18	0.19	0.21
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	2.92	0.00	0.00	2.48	2.18	1.91	1.86	1.91	1.91	1.98
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	124.90	0.00	0.00	147.41	167.13	191.17	196.13	190.81	190.62	184.37
Cash Conversion Cycle (CCC)	0.00	-124.90	0.00	0.00	-147.41	-167.13	-191.17	-196.13	-190.81	-190.62	-184.37
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	275	260	255	243	250	277	284	287	303	299	218
Invested Capital Turnover	0.00	0.42	1.03	1.13	0.46	0.44	0.39	0.44	0.43	0.38	0.46
Increase / (Decrease) in Invested Capital	275	-73	255	243	-25	18	29	44	53	22	-67
Enterprise Value (EV)	0.00	48	65	70	6.88	83	82	115	137	152	70
Market Capitalization	0.00	200	172	161	184	130	113	104	109	105	92
Book Value per Share	$25.90	$30.90	$27.21	$25.17	$32.10	$24.35	$23.73	$20.73	$20.72	$19.77	$19.76
Tangible Book Value per Share	$25.90	$30.90	$27.21	$25.17	$32.10	$24.35	$23.73	$20.73	$20.72	$19.77	$19.76
Total Capital	562	627	580	554	650	562	568	541	553	535	447
Total Debt	213	193	195	197	201	217	231	245	259	269	207
Total Long-Term Debt	213	193	195	197	201	217	231	245	259	269	207
Net Debt	-74	-174	-129	-112	-199	-68	-52	-9.22	9.22	34	-22
Capital Expenditures (CapEx)	-21	-21	-10	-16	39	14	-5.24	-4.56	42	-46	-13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-43	-42	-43	-47	-47	-46	-50	-49	-43	-36	-33
Debt-free Net Working Capital (DFNWC)	2.90	8.20	2.56	1.20	-1.67	-11	-20	-4.37	-2.33	14	13
Net Working Capital (NWC)	2.90	8.20	2.56	1.20	-1.67	-11	-20	-4.37	-2.33	14	13
Net Nonoperating Expense (NNE)	84	-266	41	21	-94	107	0.19	42	0.95	-21	5.85
Net Nonoperating Obligations (NNO)	-74	-174	-129	-114	-199	-68	-52	-9.22	9.22	34	-22
Total Depreciation and Amortization (D&A)	1.08	2.90	2.87	2.90	2.60	2.84	2.67	2.71	2.90	4.23	3.92
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-34.51%	-32.78%	-34.42%	-38.46%	-39.58%	-47.47%	-41.27%	-36.52%	-32.33%	-28.51%
Debt-free Net Working Capital to Revenue	0.00%	6.66%	1.94%	0.88%	-1.37%	-9.70%	-18.93%	-3.72%	-1.98%	13.14%	11.31%
Net Working Capital to Revenue	0.00%	6.66%	1.94%	0.88%	-1.37%	-9.70%	-18.93%	-3.72%	-1.98%	13.14%	11.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($6.14)	$4.96	($3.68)	($2.04)	$6.90	($7.69)	($0.57)	($2.95)	$0.14	($1.52)	($0.85)
Adjusted Weighted Average Basic Shares Outstanding	13.32M	13.32M	13.32M	13.32M	13.32M	13.32M	13.32M	13.31M	13.17M	13.11M	12.13M
Adjusted Diluted Earnings per Share	($6.14)	$4.96	($3.68)	($2.04)	$6.90	($7.69)	($0.57)	($2.95)	$0.14	($1.52)	($0.85)
Adjusted Weighted Average Diluted Shares Outstanding	13.32M	13.32M	13.32M	13.32M	13.32M	13.32M	13.32M	13.31M	13.17M	13.11M	12.13M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	13.32M	13.32M	13.32M	13.32M	13.32M	13.32M	13.32M	13.29M	12.74M	12.09M	12.08M
Normalized Net Operating Profit after Tax (NOPAT)	2.17	-140	-7.79	-7.17	-1.66	4.22	-7.85	2.11	0.85	-45	-8.61
Normalized NOPAT Margin	4.97%	-376.20%	-30.63%	-23.46%	-5.89%	12.89%	-53.71%	5.01%	3.04%	-175.82%	-41.10%
Pre Tax Income Margin	-187.64%	177.72%	-192.62%	-91.49%	323.80%	-314.05%	-55.02%	-94.45%	0.97%	-91.71%	-69.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-15.80	0.00	0.00	0.00	0.00	0.00	-113.94	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.44	0.00	0.00	0.00	0.00	0.00	-112.21	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-11.52	0.00	0.00	0.00	0.00	0.00	-39.13	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	4.73	0.00	0.00	0.00	0.00	0.00	-37.40	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-1.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-1.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-11.24%	-12.89%

Financials Breakdown Chart

Star Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Star's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Star's net income appears to be on an upward trend, with a most recent value of -$70.77 million in 2025, falling from $62.67 million in 2021. The previous period was -$88.36 million in 2024. Check out Star's forecast to explore projected trends and price targets.

Star's total operating income in 2025 was -$70.68 million, based on the following breakdown:

Total Gross Profit: $31.71 million
Total Operating Expenses: $37.62 million

Over the last 4 years, Star's total revenue changed from $298.49 million in 2021 to $110.14 million in 2025, a change of -63.1%.

Star's total liabilities were at $304.33 million at the end of 2025, a 15.4% increase from 2024, and a 819.4% increase since 2022.

In the past 3 years, Star's cash and equivalents has ranged from $4.23 million in 2022 to $50.66 million in 2023, and is currently $50.08 million as of their latest financial filing in 2025.

Over the last 4 years, Star's book value per share changed from 0.00 in 2021 to 19.77 in 2025, a change of 1,976.9%.

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Financial statements for NASDAQ:STHO last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Star (STHO) Financials

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Star (STHO) Financials

Annual Income Statements for Star

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Quarterly Cash Flow Statements for Star

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Financials Breakdown Chart

Star Financials - Frequently Asked Questions

When does Star's financial year end?

How has Star's net income changed over the last 4 years?

What is Star's operating income?

How has Star's revenue changed over the last 4 years?

How much debt does Star have?

How much cash does Star have?

How has Star's book value per share changed over the last 4 years?

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