What is Star Equity's operating income?

Star Equity's total operating income in 2025 was -$3.69 million, based on the following breakdown: Total Gross Profit: $16.32 million Total Operating Expenses: $20.01 million

Star Equity (STRR) Financials

$11.15 -0.45 (-3.88%)

Closing price 07/16/2026 04:00 PM Eastern

Extended Trading

$11.60 +0.45 (+4.04%)

As of 04:00 AM Eastern

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Annual Income Statements for Star Equity

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	2.33	-8.79	-2.94	7.87	-0.96	-1.24	3.23	7.13	2.20	-4.77	-6.66
Consolidated Net Income / (Loss)	2.33	-8.79	-2.94	7.87	-0.96	-1.24	3.23	7.13	2.20	-4.77	-5.92
Net Income / (Loss) Continuing Operations	1.61	-8.93	-2.84	-5.27	-0.84	-1.24	3.23	7.13	2.20	-4.77	-5.92
Total Pre-Tax Income	2.25	-8.19	-1.98	-5.17	-1.38	-0.71	4.34	9.46	2.57	-3.47	-3.86
Total Operating Income	-17	-7.59	-1.81	-5.22	-1.66	-2.65	4.39	9.34	1.38	-3.81	-3.69
Total Gross Profit	38	35	7.02	30	58	67	116	127	98	12	16
Total Revenue	463	423	60	67	94	101	169	201	161	140	172
Operating Revenue	463	423	60	67	94	101	169	201	161	140	172
Total Cost of Revenue	425	388	53	37	36	34	53	74	63	128	156
Operating Cost of Revenue	425	388	53	37	36	34	53	74	63	128	156
Total Operating Expenses	55	42	8.83	35	59	70	112	117	97	16	20
Selling, General & Admin Expense	41	33	7.97	9.67	58	69	109	112	92	11	15
Marketing Expense	4.27	4.03	0.61	0.66	0.85	0.94	2.02	3.78	3.64	3.59	3.96
Depreciation Expense	3.85	3.09	0.36	0.02	0.09	0.18	0.60	1.38	1.47	1.36	1.21
Total Other Income / (Expense), net	19	-0.60	-0.17	0.05	0.28	1.94	-0.05	0.12	1.19	0.34	-0.17
Interest & Investment Income	-0.72	-0.36	-0.01	0.30	0.62	0.15	0.03	0.08	0.37	0.36	0.26
Other Income / (Expense), net	20	-0.25	-0.16	-0.25	-0.34	0.46	-0.08	0.04	0.81	-0.02	-0.43
Income Tax Expense	0.65	0.74	0.87	0.10	-0.54	0.54	1.12	2.33	0.37	1.30	2.06
Preferred Stock Dividends Declared	-	-	-	-	-	-	-	-	-	0.00	0.74
Basic Earnings per Share	$0.07	($0.26)	($0.09)	$2.39	($0.30)	($0.43)	$1.11	$2.37	$0.72	($1.59)	($1.85)
Weighted Average Basic Shares Outstanding	33.87M	33.17M	32.11M	3.29M	3.13M	2.91M	2.92M	3.01M	3.06M	3M	3.20M
Diluted Earnings per Share	$0.07	($0.26)	($0.09)	$2.39	($0.30)	($0.43)	$1.07	$2.27	$0.70	($1.59)	($1.85)
Weighted Average Diluted Shares Outstanding	34.08M	33.17M	32.11M	3.29M	3.13M	2.91M	3.00M	3.14M	3.14M	3M	3.20M
Weighted Average Basic & Diluted Shares Outstanding	33.30M	31.71M	31.16M	31.83M	2.94M	2.68M	2.72M	-	2.82M	2.75M	3.71M

This table shows Star Equity'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	0.53	0.73	-2.90	-0.44	-0.85	-0.59	-1.76	-0.69	-1.83	-2.38	-4.39
Consolidated Net Income / (Loss)	0.53	0.73	-2.90	-0.44	-0.85	-0.59	-1.76	-0.69	-1.76	-1.71	-3.79
Net Income / (Loss) Continuing Operations	0.53	0.73	-2.90	-0.44	-0.85	-0.59	-1.76	-0.69	-1.76	-1.71	-3.79
Total Pre-Tax Income	0.96	-0.05	-2.99	-0.19	-0.55	0.25	-1.72	-0.34	-1.52	-0.27	-4.06
Total Operating Income	1.28	-1.27	-3.04	-0.19	-0.46	-0.13	-1.72	-0.21	-1.64	-0.11	-4.02
Total Gross Profit	25	20	19	21	3.70	-32	2.05	21	4.49	-26	1.82
Total Revenue	39	34	34	36	37	34	32	36	48	57	50
Operating Revenue	39	34	34	36	37	34	32	36	48	57	50
Total Cost of Revenue	14	14	15	14	33	66	30	15	43	83	48
Operating Cost of Revenue	14	14	15	14	33	66	30	15	43	83	48
Total Operating Expenses	24	22	22	22	4.15	-32	3.78	21	6.14	-26	5.83
Selling, General & Admin Expense	2.50	84	2.93	2.41	2.82	2.54	2.56	2.79	4.82	4.67	4.60
Marketing Expense	0.88	0.85	0.88	0.78	0.97	0.96	0.93	0.97	0.91	1.14	0.92
Depreciation Expense	0.37	0.39	0.40	0.29	0.36	0.32	0.28	0.25	0.40	0.28	0.31
Total Other Income / (Expense), net	-0.31	1.22	0.05	-0.00	-0.09	0.38	0.00	-0.13	0.13	-0.17	-0.04
Interest & Investment Income	0.09	0.09	0.09	0.09	0.09	0.08	0.07	0.05	0.08	0.05	-0.01
Other Income / (Expense), net	-0.40	1.13	-0.04	-0.10	-0.18	0.30	-0.07	-0.19	0.05	-0.22	-0.03
Income Tax Expense	0.43	-0.78	-0.09	0.25	0.30	0.84	0.03	0.35	0.25	1.44	-0.27
Preferred Stock Dividends Declared	-	-	-	-	0.00	-	0.00	-	0.07	-	0.59
Basic Earnings per Share	$0.17	$0.24	($0.95)	($0.15)	($0.28)	($0.21)	($0.59)	($0.23)	($0.54)	($0.49)	($1.01)
Weighted Average Basic Shares Outstanding	3.07M	3.06M	3.04M	3.01M	2.98M	3M	2.99M	3.00M	3.26M	3.20M	3.74M
Diluted Earnings per Share	$0.17	$0.24	($0.95)	($0.15)	($0.28)	($0.21)	($0.59)	($0.23)	($0.54)	($0.49)	($1.01)
Weighted Average Diluted Shares Outstanding	3.14M	3.14M	3.04M	3.01M	2.98M	3M	2.99M	3.00M	3.26M	3.20M	3.74M
Weighted Average Basic & Diluted Shares Outstanding	2.82M	2.82M	2.83M	2.75M	2.73M	2.75M	2.75M	2.76M	3.44M	3.71M	3.70M

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	3.67	-16	-0.51	19	-9.34	-5.52	-4.09	6.09	-4.31	-5.50	-4.26
Net Cash From Operating Activities	-17	-9.42	2.20	-16	-4.83	-1.43	2.51	9.45	0.32	-2.79	-7.26
Net Cash From Continuing Operating Activities	-17	-9.42	2.20	-16	-4.83	-1.43	2.51	9.45	0.32	-2.79	-7.26
Net Income / (Loss) Continuing Operations	2.33	-8.79	-2.94	7.87	-0.96	-1.24	3.23	7.13	2.20	-4.77	-5.92
Consolidated Net Income / (Loss)	2.33	-8.79	-2.94	7.87	-0.96	-1.24	3.23	7.13	2.20	-4.77	-5.92
Depreciation Expense	3.85	3.09	2.75	0.70	0.09	0.18	0.60	1.38	1.47	1.36	2.08
Non-Cash Adjustments To Reconcile Net Income	-17	1.89	3.26	-12	1.04	0.77	2.57	2.34	1.95	1.84	0.90
Changes in Operating Assets and Liabilities, net	-6.88	-5.61	-0.87	-12	-5.00	-1.13	-3.89	-1.40	-5.30	-1.21	-4.32
Net Cash From Investing Activities	22	-2.72	-1.47	27	-0.08	-4.02	-6.30	-1.33	-2.15	1.06	4.57
Net Cash From Continuing Investing Activities	22	-2.72	-1.47	27	-0.08	-4.02	-6.30	-1.33	-2.15	1.06	4.57
Purchase of Property, Plant & Equipment	-3.06	-2.77	-1.47	-0.47	-0.08	-0.02	-0.28	-0.50	-0.10	-0.02	-1.70
Acquisitions	-	-	-	-	0.00	-4.00	-6.02	-0.83	-2.06	0.00	6.84
Purchase of Investments	-	-	-	-	-	-	-	-	-	0.00	-1.54
Sale of Property, Plant & Equipment	17	0.04	-	-	-	-	0.00	0.00	0.00	0.00	0.60
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	-	-	0.00	0.23
Other Investing Activities, net	-	-	-	-	-	-	-	-	-	1.08	0.15
Net Cash From Financing Activities	0.64	-2.93	-2.52	7.18	-4.59	-0.93	-0.00	-2.04	-2.45	-3.10	-1.96
Net Cash From Continuing Financing Activities	0.64	-2.93	-2.52	7.18	-4.59	-0.93	-0.00	-2.04	-2.45	-3.10	-1.96
Repayment of Debt	-145	-113	-181	-52	-	-	-	-	-	0.00	-11
Repurchase of Common Equity	-1.39	-5.13	-0.86	-0.21	-4.55	-2.24	0.00	-1.13	-0.96	-2.78	-2.64
Payment of Dividends	0.00	-3.40	-	-	-	-	-	-	-	0.00	-0.74
Issuance of Debt	147	119	180	60	-	-	-	-	-	0.00	13
Other Financing Activities, net	-0.24	-0.07	-0.01	-0.55	-0.04	1.31	-0.00	-0.91	-1.49	-0.33	-0.45
Effect of Exchange Rate Changes	-1.27	-1.27	1.28	0.06	0.16	0.85	-0.29	-	-0.02	-0.67	0.39
Cash Interest Paid	0.38	0.34	0.40	0.09	0.01	0.00	-	-	-	0.00	0.38
Cash Interest Received	-	-	0.01	0.30	-	-	-	-	-	0.36	0.30
Cash Income Taxes Paid	0.09	0.92	2.01	0.16	0.65	1.11	1.46	3.03	2.19	0.46	1.90

This table details how cash moves in and out of Star Equity'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	-1.03	1.19	-2.17	-5.72	1.21	1.17	-0.45	0.31	1.00	-5.12	-3.12
Net Cash From Operating Activities	-0.72	3.34	-1.79	-4.27	1.25	2.02	-0.80	0.14	-2.74	-3.85	-1.40
Net Cash From Continuing Operating Activities	-0.72	3.34	-1.79	-4.27	1.25	2.02	-0.80	0.14	-2.74	-3.85	-1.40
Net Income / (Loss) Continuing Operations	0.53	0.73	-2.90	-0.44	-0.85	-0.59	-1.76	-0.69	-1.76	-1.71	-3.79
Consolidated Net Income / (Loss)	0.53	0.73	-2.90	-0.44	-0.85	-0.59	-1.76	-0.69	-1.76	-1.71	-3.79
Depreciation Expense	0.37	0.39	0.40	0.29	0.36	0.32	0.28	0.25	0.67	0.88	0.94
Non-Cash Adjustments To Reconcile Net Income	0.18	0.92	0.08	0.49	0.28	0.99	0.39	0.26	0.19	0.06	-0.11
Changes in Operating Assets and Liabilities, net	-1.80	1.29	0.63	-4.60	1.46	1.30	0.28	0.33	-1.83	-3.09	1.57
Net Cash From Investing Activities	-0.03	-2.09	1.07	-0.01	0.00	0.00	-0.01	-0.04	6.19	-1.58	1.89
Net Cash From Continuing Investing Activities	-0.03	-2.09	1.07	-0.01	0.00	0.00	-0.01	-0.04	6.19	-1.58	1.89
Purchase of Property, Plant & Equipment	-0.03	-0.04	-0.01	-0.01	0.00	0.00	-0.01	-0.04	-0.62	-1.05	-1.29
Purchase of Investments	-	-	-	-	-	-	0.00	-	-	-1.15	-0.69
Sale of Property, Plant & Equipment	-	-	-	-	-	-	0.00	-	-	0.46	0.19
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	-	-	0.00	0.40
Other Investing Activities, net	-	-	1.08	-	-	-	0.00	-	-	0.15	3.29
Net Cash From Financing Activities	-0.21	-0.21	-1.10	-1.49	-0.40	-0.12	-0.01	-0.02	-2.58	0.65	-3.50
Net Cash From Continuing Financing Activities	-0.21	-0.21	-1.10	-1.49	-0.40	-0.12	-0.01	-0.02	-2.58	0.65	-3.50
Repayment of Debt	-	-	-	-	-	-	0.00	-	-	-7.58	-13
Repurchase of Common Equity	-0.20	-0.19	-0.94	-1.45	-0.39	-	0.00	-	-2.57	-0.07	-0.71
Payment of Dividends	-	-	-	-	-	-	0.00	-	-	-0.67	-0.59
Issuance of Debt	-	-	-	-	-	-	0.00	-	-	9.12	11
Other Financing Activities, net	-0.01	-0.02	-0.16	-0.04	-0.01	-0.12	-0.01	-0.02	-0.27	-0.15	-0.01
Effect of Exchange Rate Changes	-0.07	0.16	-0.36	0.05	0.36	-0.73	0.36	0.23	0.13	-0.33	-0.10
Cash Interest Paid	-	-	-	-	-	-	0.00	-	-	0.34	0.25
Cash Interest Received	0.09	-	0.09	0.09	0.09	0.08	0.07	0.03	0.15	0.05	0.02
Cash Income Taxes Paid	0.79	0.21	0.15	0.32	-0.21	0.20	0.28	0.26	0.56	0.79	0.20

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	125	102	112	53	47	45	61	68	61	53	113
Total Current Assets	106	84	97	52	45	40	49	56	46	40	62
Cash & Equivalents	38	21	5.58	41	31	26	22	27	23	17	10
Restricted Cash	-	-	-	-	0.15	0.15	0.22	0.16	0.35	0.48	1.82
Short-Term Investments	-	-	-	-	-	-	-	-	-	0.00	3.77
Note & Lease Receivable	-	-	-	-	-	-	-	-	-	0.00	0.26
Accounts Receivable	62	59	12	9.89	13	13	26	26	20	20	35
Inventories, net	-	-	-	-	-	-	-	-	-	0.00	6.99
Prepaid Expenses	5.98	4.27	0.39	0.67	0.80	0.89	1.48	1.96	3.17	2.56	4.17
Plant, Property, & Equipment, net	7.93	7.04	0.00	0.17	0.19	0.12	0.37	0.67	0.42	0.24	19
Total Noncurrent Assets	11	11	15	0.94	1.58	4.98	12	12	15	12	32
Long-Term Investments	-	-	-	-	-	-	-	-	-	0.00	0.95
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	-	0.00	8.63
Goodwill	-	-	-	-	0.00	2.09	4.22	4.88	5.75	5.70	5.94
Intangible Assets	-	-	-	-	0.00	1.40	5.49	4.52	3.63	2.49	1.69
Noncurrent Deferred & Refundable Income Taxes	6.72	6.49	0.32	0.58	0.79	1.04	1.35	1.48	3.36	2.65	1.91
Other Noncurrent Operating Assets	4.15	4.14	0.37	0.36	0.79	0.45	0.66	0.89	1.95	1.36	13
Total Liabilities & Shareholders' Equity	125	102	112	53	47	45	61	68	61	53	113
Total Liabilities	64	60	68	13	11	11	22	22	12	12	48
Total Current Liabilities	52	51	60	11	9.49	10	20	21	11	11	30
Short-Term Debt	2.37	7.77	-	0.00	-	0.19	0.75	1.25	0.77	0.62	8.47
Accounts Payable	5.18	4.67	1.19	1.46	1.06	0.58	0.87	1.68	0.87	1.79	4.77
Accrued Expenses	40	36	7.26	8.98	8.18	9.24	18	18	9.57	8.68	14
Current Deferred Revenue	-	-	-	-	-	-	-	-	-	0.13	1.50
Other Current Liabilities	2.25	1.76	-	-	0.25	-	0.36	0.34	-	-	0.66
Total Noncurrent Liabilities	12	9.35	8.08	2.13	1.18	1.10	2.23	1.03	1.19	0.93	18
Long-Term Debt	-	-	-	-	-	0.00	1.25	-	-	0.00	6.06
Capital Lease Obligations	-	-	-	0.00	-	0.02	-	-	0.66	0.44	11
Noncurrent Deferred Revenue	4.24	2.97	-	-	-	-	0.47	-	-	0.09	0.10
Other Noncurrent Operating Liabilities	5.66	4.17	0.19	0.15	0.34	0.19	0.51	0.95	0.44	0.40	0.31
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	61	42	43	40	36	34	39	46	49	40	66
Total Preferred & Common Equity	61	42	43	40	36	34	39	46	49	40	66
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	61	42	43	40	36	34	39	46	49	40	66
Common Stock	481	482	484	485	486	487	489	492	493	494	530
Retained Earnings	-428	-440	-443	-436	-437	-438	-435	-427	-425	-430	-436
Treasury Stock	-1.68	-6.87	-7.73	-8.49	-13	-15	-15	-17	-18	-21	-27
Accumulated Other Comprehensive Income / (Loss)	10	6.93	11	-0.61	-0.48	0.53	-0.09	-1.64	-1.29	-2.72	-1.36

This table presents Star Equity'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	61	59	56	57	53	56	117	109
Total Current Assets	49	45	42	43	41	43	68	58
Cash & Equivalents	22	20	15	16	17	17	15	8.09
Restricted Cash	0.17	0.39	0.42	0.46	0.49	0.50	1.21	1.65
Short-Term Investments	-	-	-	-	-	-	2.72	4.16
Note & Lease Receivable	-	-	-	-	-	-	-	0.26
Accounts Receivable	25	21	25	24	21	24	36	33
Inventories, net	-	-	-	-	-	-	7.75	7.07
Prepaid Expenses	2.29	2.77	2.42	2.25	2.89	2.41	4.56	3.99
Plant, Property, & Equipment, net	0.48	0.32	0.34	0.30	0.21	0.24	18	16
Total Noncurrent Assets	11	14	14	14	12	12	31	35
Long-Term Investments	-	-	-	-	-	-	0.95	0.95
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	6.79	8.77
Goodwill	4.87	5.73	5.72	5.77	5.72	5.76	5.97	5.91
Intangible Assets	3.69	3.34	3.04	2.76	2.26	2.03	1.87	1.53
Noncurrent Deferred & Refundable Income Taxes	1.45	3.56	3.53	3.63	2.68	3.05	3.41	2.79
Other Noncurrent Operating Assets	1.31	1.72	1.49	1.67	1.12	1.20	12	15
Total Liabilities & Shareholders' Equity	61	59	56	57	53	56	117	109
Total Liabilities	14	15	14	14	14	15	49	48
Total Current Liabilities	13	14	13	13	13	14	33	28
Short-Term Debt	0.00	0.77	0.76	0.76	0.47	0.32	7.00	6.79
Accounts Payable	0.61	1.97	1.12	1.17	3.06	2.34	5.52	4.51
Accrued Expenses	12	11	11	11	9.25	12	17	15
Current Deferred Revenue	-	-	-	-	-	-	3.43	0.88
Other Current Liabilities	0.54	-	-	-	-	-	-	0.75
Total Noncurrent Liabilities	1.00	1.01	0.83	1.07	0.93	1.19	17	20
Long-Term Debt	0.00	0.00	-	-	-	-	6.52	5.59
Capital Lease Obligations	-	0.48	0.29	0.54	0.40	0.65	9.47	14
Noncurrent Deferred Revenue	0.00	0.09	0.09	0.09	0.09	0.10	0.10	0.10
Other Noncurrent Operating Liabilities	1.00	0.44	0.45	0.44	0.43	0.45	0.47	0.44
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	47	44	43	43	39	40	68	61
Total Preferred & Common Equity	47	44	43	43	39	40	68	61
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	47	44	43	43	39	40	68	61
Common Stock	493	493	494	494	495	495	527	530
Retained Earnings	-426	-428	-429	-429	-432	-432	-434	-440
Treasury Stock	-18	-19	-21	-21	-21	-21	-24	-28
Accumulated Other Comprehensive Income / (Loss)	-2.20	-1.93	-1.81	-0.68	-2.29	-1.17	-1.40	-1.45

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	34,570,026.00	32,205,826.00	31,265,051.00	32,047,353.00	2,939,456.00	2,684,971.00	2,707,328.00	5,581,168.00	2,815,033.00	2,731,185.00	3,435,903.00
DEI Adjusted Shares Outstanding	3,457,003.00	3,220,583.00	3,126,505.00	3,204,735.00	2,939,456.00	2,684,971.00	2,707,328.00	5,581,168.00	2,815,033.00	2,731,185.00	3,435,903.00
DEI Earnings Per Adjusted Shares Outstanding	0.67	-2.73	-0.94	2.45	-0.32	-0.46	1.19	1.28	0.78	-1.75	-1.94
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-20.30%	-8.73%	-85.90%	12.27%	40.16%	8.14%	66.79%	18.74%	-19.70%	-13.19%	22.92%
EBITDA Growth	159.57%	-169.56%	116.46%	-710.63%	59.87%	-4.70%	344.91%	119.13%	-65.94%	-167.40%	17.46%
EBIT Growth	117.21%	-363.33%	74.89%	-177.83%	63.42%	-9.20%	297.48%	117.51%	-76.58%	-274.41%	-7.47%
NOPAT Growth	3.30%	55.13%	76.16%	-188.39%	68.16%	-59.30%	276.23%	115.56%	-83.18%	-325.24%	3.18%
Net Income Growth	117.65%	-477.42%	66.54%	367.49%	-112.14%	-30.16%	359.61%	120.92%	-69.17%	-317.02%	-24.05%
EPS Growth	117.50%	-471.43%	65.38%	367.49%	-112.55%	-43.33%	348.84%	112.15%	-69.16%	-327.14%	-16.35%
Operating Cash Flow Growth	2.74%	45.71%	123.39%	-804.13%	68.88%	70.46%	275.81%	276.94%	-96.67%	-984.76%	-160.32%
Free Cash Flow Firm Growth	-20.90%	42.94%	478.63%	-101.79%	-1,409.20%	15.79%	-33.16%	187.83%	-191.30%	105.75%	-15,324.36%
Invested Capital Growth	-1.03%	4.70%	-91.93%	-139.12%	621.20%	81.77%	127.04%	1.96%	36.75%	-11.16%	211.03%
Revenue Q/Q Growth	-6.19%	-1.35%	-58.81%	2.09%	10.45%	1.89%	15.52%	-3.12%	-5.63%	-0.26%	15.57%
EBITDA Q/Q Growth	228.99%	-3.06%	-49.15%	-3.88%	37.10%	-38.88%	156.29%	-15.07%	-17.63%	8.62%	3.09%
EBIT Q/Q Growth	229.91%	-1.71%	-50.15%	8.49%	35.89%	-41.85%	193.46%	-17.67%	-27.04%	7.38%	-13.83%
NOPAT Q/Q Growth	-457.67%	71.49%	-25.80%	8.47%	41.49%	-40.00%	154.74%	-23.12%	-20.09%	23.07%	0.43%
Net Income Q/Q Growth	-69.75%	20.98%	-139.50%	21.37%	68.77%	-29.89%	36.39%	-21.87%	43.94%	-38.18%	-23.45%
EPS Q/Q Growth	-68.18%	21.21%	-125.00%	21.37%	69.70%	-30.30%	32.10%	-22.79%	45.83%	-39.47%	-17.83%
Operating Cash Flow Q/Q Growth	-13.49%	33.91%	16.62%	-25.35%	-1.90%	-204.55%	223.48%	39.77%	-76.35%	-89.46%	-425.34%
Free Cash Flow Firm Q/Q Growth	-236.25%	73.36%	1,806.46%	-101.53%	-33.16%	-795.87%	-49.66%	281.26%	-1,813.84%	105.33%	-17.90%
Invested Capital Q/Q Growth	-7.96%	-20.13%	-93.63%	-130.68%	-22.07%	119.72%	89.42%	-14.30%	8.71%	-14.11%	5.89%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	8.26%	8.18%	11.78%	44.76%	61.44%	66.51%	68.66%	62.98%	61.04%	8.46%	9.48%
EBITDA Margin	1.47%	-1.12%	1.31%	-7.13%	-2.04%	-1.98%	2.90%	5.35%	2.27%	-1.76%	-1.18%
Operating Margin	-3.58%	-1.79%	-3.03%	-7.79%	-1.77%	-2.61%	2.60%	4.65%	0.86%	-2.72%	-2.14%
EBIT Margin	0.64%	-1.85%	-3.30%	-8.17%	-2.13%	-2.15%	2.55%	4.67%	1.36%	-2.73%	-2.39%
Profit (Net Income) Margin	0.50%	-2.08%	-4.93%	11.75%	-1.02%	-1.23%	1.91%	3.55%	1.36%	-3.41%	-3.44%
Tax Burden Percent	103.37%	107.31%	148.91%	-152.25%	69.10%	175.57%	74.29%	75.36%	85.59%	137.46%	153.45%
Interest Burden Percent	75.73%	104.56%	100.41%	94.55%	69.13%	32.43%	100.77%	100.89%	116.94%	90.60%	93.68%
Effective Tax Rate	28.67%	0.00%	0.00%	0.00%	0.00%	0.00%	25.71%	24.64%	14.41%	0.00%	0.00%
Return on Invested Capital (ROIC)	-43.21%	-19.04%	-8.21%	-520.96%	-61.28%	-28.00%	23.39%	35.96%	5.06%	-10.45%	-5.23%
ROIC Less NNEP Spread (ROIC-NNEP)	-86.36%	-4.33%	-2.04%	-548.97%	-61.85%	-30.13%	23.55%	35.55%	0.80%	0.63%	84.10%
Return on Net Nonoperating Assets (RNNOA)	47.08%	1.99%	1.30%	539.77%	58.78%	24.46%	-14.62%	-19.20%	-0.40%	-0.27%	-5.92%
Return on Equity (ROE)	3.87%	-17.06%	-6.92%	18.81%	-2.50%	-3.54%	8.77%	16.75%	4.66%	-10.72%	-11.15%
Cash Return on Invested Capital (CROIC)	-42.18%	-23.64%	161.91%	0.00%	-143.95%	-86.04%	-54.30%	34.02%	-25.99%	1.37%	-107.92%
Operating Return on Assets (OROA)	2.25%	-6.91%	-1.84%	-6.63%	-4.00%	-4.74%	8.09%	14.52%	3.41%	-6.75%	-4.96%
Return on Assets (ROA)	1.76%	-7.75%	-2.76%	9.55%	-1.91%	-2.70%	6.05%	11.04%	3.41%	-8.40%	-7.14%
Return on Common Equity (ROCE)	3.87%	-17.06%	-6.92%	18.81%	-2.50%	-3.54%	8.77%	16.75%	4.66%	-10.72%	-11.15%
Return on Equity Simple (ROE_SIMPLE)	3.81%	-20.99%	-6.82%	19.43%	-2.65%	-3.63%	8.21%	15.57%	4.53%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-12	-5.31	-1.27	-3.65	-1.16	-1.85	3.26	7.04	1.18	-2.67	-2.58
NOPAT Margin	-2.56%	-1.26%	-2.12%	-5.46%	-1.24%	-1.83%	1.93%	3.50%	0.73%	-1.90%	-1.50%
Net Nonoperating Expense Percent (NNEP)	43.15%	-14.71%	-6.18%	28.01%	0.57%	2.13%	-0.16%	0.40%	4.26%	-11.08%	-89.34%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	2.37%	-6.43%	-2.82%
Cost of Revenue to Revenue	91.74%	91.82%	88.22%	55.24%	38.56%	33.49%	31.35%	37.02%	38.96%	91.54%	90.52%
SG&A Expenses to Revenue	8.83%	7.91%	13.36%	14.45%	62.21%	68.01%	64.51%	55.77%	57.01%	7.64%	8.62%
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	11.84%	9.97%	14.81%	52.55%	63.21%	69.12%	66.06%	58.34%	60.18%	11.18%	11.62%
Earnings before Interest and Taxes (EBIT)	2.98	-7.83	-1.97	-5.47	-2.00	-2.18	4.31	9.38	2.20	-3.83	-4.12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.82	-4.74	0.78	-4.77	-1.91	-2.00	4.91	11	3.66	-2.47	-2.04
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.58	1.05	1.63	1.07	0.97	0.82	2.00	1.38	0.90	0.88	0.59
Price to Tangible Book Value (P/TBV)	1.58	1.05	1.63	1.07	0.97	0.92	2.65	1.73	1.11	1.11	0.67
Price to Revenue (P/Rev)	0.21	0.10	1.18	0.65	0.37	0.28	0.46	0.31	0.27	0.25	0.22
Price to Earnings (P/E)	41.60	0.00	0.00	5.50	0.00	0.00	24.33	8.86	19.84	0.00	0.00
Dividend Yield	0.00%	7.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.40%	0.00%	0.00%	18.18%	0.00%	0.00%	4.11%	11.29%	5.04%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.26	1.06	28.12	0.00	0.81	0.29	3.02	1.88	0.82	0.80	0.64
Enterprise Value to Revenue (EV/Rev)	0.13	0.07	1.09	0.04	0.04	0.02	0.35	0.18	0.14	0.14	0.28
Enterprise Value to EBITDA (EV/EBITDA)	9.03	0.00	82.93	0.00	0.00	0.00	11.93	3.45	6.03	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	20.70	0.00	0.00	0.00	0.00	0.00	13.59	3.96	10.05	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	17.95	5.28	18.65	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	29.40	0.00	0.00	0.00	23.37	3.93	70.07	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	2.59	0.00	0.00	0.00	0.00	5.58	0.00	54.96	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.04	0.19	0.00	0.00	0.00	0.01	0.05	0.03	0.03	0.03	0.39
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.00	0.01	0.01	0.26
Financial Leverage	-0.55	-0.46	-0.64	-0.98	-0.95	-0.81	-0.62	-0.54	-0.50	-0.43	-0.07
Leverage Ratio	2.20	2.20	2.51	1.97	1.31	1.31	1.45	1.52	1.37	1.28	1.56
Compound Leverage Factor	1.66	2.30	2.52	1.86	0.90	0.42	1.46	1.53	1.60	1.16	1.46
Debt to Total Capital	3.73%	15.65%	0.00%	0.00%	0.00%	0.62%	4.84%	2.66%	2.86%	2.56%	28.17%
Short-Term Debt to Total Capital	3.73%	15.65%	0.00%	0.00%	0.00%	0.56%	1.82%	2.66%	1.54%	1.50%	9.26%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	3.03%	0.00%	1.33%	1.06%	18.90%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	96.27%	84.35%	100.00%	100.00%	100.00%	99.38%	95.16%	97.34%	97.14%	97.44%	71.83%
Debt to EBITDA	0.35	-1.64	0.00	0.00	0.00	-0.11	0.41	0.12	0.39	-0.43	-12.64
Net Debt to EBITDA	-5.18	2.86	0.00	0.00	0.00	12.85	-4.06	-2.42	-5.88	6.65	-4.39
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	-0.01	0.25	0.00	0.18	-0.18	-8.48
Debt to NOPAT	-0.20	-1.46	0.00	0.00	0.00	-0.12	0.61	0.18	1.21	-0.40	-9.98
Net Debt to NOPAT	2.98	2.55	0.00	0.00	0.00	13.90	-6.11	-3.70	-18.19	6.16	-3.47
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	-0.01	0.38	0.00	0.56	-0.17	-6.70
Altman Z-Score	0.42	-1.32	-4.07	-7.57	-8.33	-9.10	-4.21	-3.08	-4.21	-6.61	-3.16
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.06	1.66	1.61	4.93	4.74	4.03	2.50	2.63	4.09	3.58	2.10
Quick Ratio	1.94	1.58	0.28	4.78	4.64	3.92	2.41	2.53	3.78	3.31	1.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-12	-6.59	25	-0.45	-6.76	-5.69	-7.58	6.66	-6.08	0.35	-53
Operating Cash Flow to CapEx	0.00%	-345.82%	149.76%	-3,335.91%	-5,747.62%	-6,481.82%	882.75%	1,886.23%	318.18%	-15,483.33%	-658.35%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.50	3.73	0.56	0.81	1.88	2.20	3.17	3.11	2.50	2.47	2.08
Accounts Receivable Turnover	6.79	6.99	1.70	6.24	8.27	7.73	8.63	7.72	7.02	7.04	6.22
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	52.14	56.48	16.93	782.83	527.03	674.07	696.33	384.90	294.95	422.49	18.26
Accounts Payable Turnover	73.55	78.82	17.95	27.86	28.65	41.43	73.31	58.35	49.38	96.51	47.53
Days Sales Outstanding (DSO)	53.78	52.21	214.48	58.45	44.14	47.20	42.27	47.25	52.01	51.87	58.64
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)	4.96	4.63	20.33	13.10	12.74	8.81	4.98	6.25	7.39	3.78	7.68
Cash Conversion Cycle (CCC)	48.82	47.58	194.15	45.35	31.40	38.39	37.29	40.99	44.62	48.08	50.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	27	29	2.30	-0.90	4.70	8.54	19	20	27	24	75
Invested Capital Turnover	16.91	15.16	3.87	95.48	49.44	15.33	12.12	10.27	6.90	5.49	3.49
Increase / (Decrease) in Invested Capital	-0.28	1.28	-26	-3.20	5.60	3.84	11	0.38	7.26	-3.02	51
Enterprise Value (EV)	62	30	65	2.70	3.79	2.45	59	37	22	19	48
Market Capitalization	97	44	70	43	35	28	79	63	44	36	39
Book Value per Share	$1.77	$1.30	$1.38	$1.26	$12.26	$12.77	$14.52	$16.41	$17.25	$14.80	$19.12
Tangible Book Value per Share	$1.77	$1.30	$1.38	$1.26	$12.26	$11.47	$10.94	$13.04	$13.92	$11.80	$16.90
Total Capital	64	50	43	40	36	34	41	47	50	41	91
Total Debt	2.37	7.77	0.00	0.00	0.00	0.21	2.00	1.25	1.43	1.06	26
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.02	1.25	0.00	0.66	0.44	17
Net Debt	-35	-14	-5.58	-41	-31	-26	-20	-26	-22	-16	8.96
Capital Expenditures (CapEx)	-14	2.72	1.47	0.47	0.08	0.02	0.28	0.50	0.10	0.02	1.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	19	20	31	0.95	4.11	4.52	8.28	8.36	12	12	25
Debt-free Net Working Capital (DFNWC)	57	41	37	42	35	30	30	36	35	30	41
Net Working Capital (NWC)	55	34	37	42	35	30	29	34	35	29	33
Net Nonoperating Expense (NNE)	-14	3.48	1.67	-12	-0.21	-0.61	0.04	-0.09	-1.01	2.10	3.34
Net Nonoperating Obligations (NNO)	-34	-13	-41	-41	-31	-26	-20	-26	-22	-16	8.96
Total Depreciation and Amortization (D&A)	3.85	3.09	2.75	0.70	0.09	0.18	0.60	1.38	1.47	1.36	2.08
Debt-free, Cash-free Net Working Capital to Revenue	4.16%	4.73%	52.10%	1.41%	4.38%	4.45%	4.89%	4.16%	7.71%	8.61%	14.68%
Debt-free Net Working Capital to Revenue	12.29%	9.78%	61.46%	62.01%	37.79%	30.04%	17.86%	17.74%	21.94%	21.09%	23.89%
Net Working Capital to Revenue	11.78%	7.94%	61.46%	62.01%	37.79%	29.85%	17.41%	17.12%	21.47%	20.65%	18.97%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.70	($2.60)	($0.90)	$2.40	($0.30)	($0.43)	$1.11	$2.37	$0.72	($1.59)	($1.85)
Adjusted Weighted Average Basic Shares Outstanding	3.39M	3.32M	3.21M	3.28M	3.13M	2.91M	2.92M	3.01M	3.06M	3M	3.20M
Adjusted Diluted Earnings per Share	$0.70	($2.60)	($0.90)	$2.40	($0.30)	($0.43)	$1.07	$2.27	$0.70	($1.59)	($1.85)
Adjusted Weighted Average Diluted Shares Outstanding	3.41M	3.32M	3.21M	3.28M	3.13M	2.91M	3.00M	3.14M	3.14M	3M	3.20M
Adjusted Basic & Diluted Earnings per Share	$0.70	($2.60)	($0.90)	$2.40	($0.30)	($0.43)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	3.55M	3.17M	3.12M	3.18M	2.94M	2.68M	2.72M	0.00	2.82M	2.75M	3.71M
Normalized Net Operating Profit after Tax (NOPAT)	-7.68	-4.20	-1.34	-3.65	-1.16	-1.85	3.26	7.04	1.18	-2.67	-2.58
Normalized NOPAT Margin	-1.66%	-0.99%	-2.25%	-5.46%	-1.24%	-1.83%	1.93%	3.50%	0.73%	-1.90%	-1.50%
Pre Tax Income Margin	0.49%	-1.94%	-3.31%	-7.72%	-1.47%	-0.70%	2.57%	4.71%	1.59%	-2.48%	-2.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-38.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-12.51%
Augmented Payout Ratio	59.51%	-97.02%	-29.17%	2.64%	-475.92%	-180.13%	0.00%	15.86%	43.63%	-58.18%	-57.09%

This table displays calculated financial ratios and metrics derived from Star Equity'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	2,823,210.00	2,815,033.00	2,815,360.00	2,833,144.00	2,751,386.00	2,731,185.00	2,750,735.00	2,750,735.00	2,755,335.00	3,435,903.00	3,707,060.00
DEI Adjusted Shares Outstanding	2,823,210.00	2,815,033.00	2,815,360.00	2,833,144.00	2,751,386.00	2,731,185.00	2,750,735.00	2,750,735.00	2,755,335.00	3,435,903.00	3,707,060.00
DEI Earnings Per Adjusted Shares Outstanding	0.19	0.26	-1.03	-0.16	-0.31	-0.21	-0.64	-0.25	-0.66	-0.69	-1.18
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-19.08%	-22.07%	-21.32%	-20.46%	-6.46%	-1.09%	-5.98%	-0.48%	30.14%	69.03%	57.10%
EBITDA Growth	-23.40%	-75.24%	-637.47%	-99.70%	-122.69%	90.31%	43.62%	-3,140.00%	-228.62%	13.24%	-105.29%
EBIT Growth	-31.37%	-119.53%	-2,139.07%	-121.61%	-173.43%	229.32%	41.70%	-40.78%	-148.99%	-290.70%	-125.40%
NOPAT Growth	-23.69%	-1,857.66%	-7,280.17%	-123.98%	-145.26%	132.72%	43.29%	-12.83%	-259.74%	-126.29%	-132.89%
Net Income Growth	-44.19%	1,082.26%	-918.64%	-176.30%	-258.72%	-179.81%	39.41%	-56.01%	-108.51%	-192.14%	-116.00%
EPS Growth	-43.33%	1,100.00%	-963.64%	-183.33%	-264.71%	-187.50%	37.89%	-53.33%	-92.86%	-133.33%	-71.19%
Operating Cash Flow Growth	-752.38%	-23.36%	63.97%	-261.31%	274.72%	-39.45%	55.07%	103.25%	-318.86%	-290.79%	-74.06%
Free Cash Flow Firm Growth	90.82%	-2,380.33%	-224.17%	-107.51%	-212.48%	140.57%	117.48%	196.48%	-1,180.81%	-1,634.53%	-22,539.83%
Invested Capital Growth	7.80%	36.75%	-3.17%	19.51%	12.44%	-11.16%	-5.81%	-16.71%	152.29%	211.03%	209.59%
Revenue Q/Q Growth	-12.25%	-13.77%	-0.24%	5.37%	3.20%	-8.83%	-5.16%	11.53%	34.94%	18.42%	-11.85%
EBITDA Q/Q Growth	-24.83%	-79.31%	-1,139.53%	100.19%	-5,760.00%	273.50%	-407.94%	89.95%	-511.84%	159.78%	-658.27%
EBIT Q/Q Growth	-33.10%	-115.23%	-2,215.04%	90.84%	-127.31%	126.83%	-1,143.60%	77.88%	-302.02%	79.45%	-1,133.54%
NOPAT Q/Q Growth	29.50%	-225.48%	-139.94%	93.85%	-144.39%	190.71%	-515.88%	87.76%	-679.15%	93.37%	-3,583.49%
Net Income Q/Q Growth	-7.79%	37.52%	-495.36%	84.78%	-91.84%	30.85%	-200.17%	60.82%	-156.40%	3.12%	-121.94%
EPS Q/Q Growth	-5.56%	41.18%	-495.83%	84.21%	-86.67%	25.00%	-180.95%	61.02%	-134.78%	9.26%	-106.12%
Operating Cash Flow Q/Q Growth	-127.03%	565.92%	-153.51%	-139.38%	129.28%	61.47%	-139.70%	117.33%	-2,069.78%	-40.76%	63.78%
Free Cash Flow Firm Q/Q Growth	52.68%	-646.09%	83.84%	-263.70%	28.75%	196.87%	-93.04%	1,907.52%	-1,045.90%	-16.06%	-1.82%
Invested Capital Q/Q Growth	4.10%	8.71%	-8.43%	15.33%	-2.06%	-14.11%	-2.91%	1.98%	196.67%	5.89%	-3.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	63.61%	59.81%	55.25%	59.89%	10.03%	-95.13%	6.44%	58.25%	9.37%	-46.47%	3.63%
EBITDA Margin	3.17%	0.76%	-7.91%	0.01%	-0.77%	1.46%	-4.74%	-0.43%	-1.94%	0.98%	-6.20%
Operating Margin	3.24%	-3.73%	-8.97%	-0.52%	-1.24%	-0.37%	-5.41%	-0.59%	-3.43%	-0.19%	-8.02%
EBIT Margin	2.22%	-0.39%	-9.09%	-0.79%	-1.74%	0.51%	-5.63%	-1.12%	-3.33%	-0.58%	-8.08%
Profit (Net Income) Margin	1.35%	2.16%	-8.55%	-1.23%	-2.30%	-1.74%	-5.51%	-1.94%	-3.68%	-3.01%	-7.58%
Tax Burden Percent	55.35%	-1,628.89%	97.05%	234.57%	154.38%	-232.14%	101.86%	200.58%	116.44%	623.72%	93.45%
Interest Burden Percent	110.31%	33.83%	96.98%	66.67%	85.49%	146.51%	96.04%	86.40%	94.92%	83.54%	100.32%
Effective Tax Rate	44.65%	0.00%	0.00%	0.00%	0.00%	332.14%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	12.80%	-18.01%	-37.99%	-2.00%	-4.62%	4.74%	-21.76%	-2.19%	-7.26%	-0.47%	-22.39%
ROIC Less NNEP Spread (ROIC-NNEP)	13.61%	-24.82%	-34.18%	-0.32%	-1.76%	9.35%	-18.68%	1.36%	2.75%	43.26%	16.77%
Return on Net Nonoperating Assets (RNNOA)	-6.44%	12.51%	15.22%	0.13%	0.72%	-3.99%	7.97%	-0.50%	-0.30%	-3.04%	-0.84%
Return on Equity (ROE)	6.36%	-5.50%	-22.77%	-1.87%	-3.90%	0.75%	-13.79%	-2.69%	-7.57%	-3.51%	-23.23%
Cash Return on Invested Capital (CROIC)	-1.33%	-25.99%	-1.44%	-26.37%	-24.84%	1.37%	-1.28%	11.50%	-91.72%	-107.92%	-111.11%
Operating Return on Assets (OROA)	5.93%	-0.98%	-22.18%	-1.85%	-4.14%	1.26%	-13.84%	-2.76%	-5.69%	-1.20%	-19.03%
Return on Assets (ROA)	3.62%	5.40%	-20.87%	-2.90%	-5.47%	-4.30%	-13.54%	-4.78%	-6.29%	-6.25%	-17.84%
Return on Common Equity (ROCE)	6.36%	-5.50%	-22.77%	-1.87%	-3.90%	0.75%	-13.79%	-2.69%	-7.56%	-3.51%	-23.23%
Return on Equity Simple (ROE_SIMPLE)	3.27%	0.00%	-2.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	0.71	-0.89	-2.13	-0.13	-0.32	0.29	-1.21	-0.15	-1.15	-0.08	-2.81
NOPAT Margin	1.79%	-2.61%	-6.28%	-0.37%	-0.87%	0.86%	-3.79%	-0.42%	-2.40%	-0.13%	-5.61%
Net Nonoperating Expense Percent (NNEP)	-0.81%	6.81%	-3.81%	-1.68%	-2.86%	-4.61%	-3.07%	-3.56%	-10.01%	-43.73%	-39.16%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.77%	-4.67%	-0.30%	-0.72%	0.70%	-2.99%	-0.36%	-1.27%	-0.08%	-3.23%
Cost of Revenue to Revenue	36.39%	40.19%	44.75%	40.11%	89.97%	195.13%	93.56%	41.75%	90.63%	146.47%	96.37%
SG&A Expenses to Revenue	6.35%	247.26%	8.64%	6.75%	7.66%	7.56%	8.05%	7.86%	10.05%	8.22%	9.18%
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	60.37%	63.54%	64.22%	60.41%	11.27%	-94.76%	11.85%	58.85%	12.79%	-46.28%	11.65%
Earnings before Interest and Taxes (EBIT)	0.87	-0.13	-3.08	-0.28	-0.64	0.17	-1.80	-0.40	-1.60	-0.33	-4.05
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.25	0.26	-2.68	0.01	-0.28	0.49	-1.51	-0.15	-0.93	0.56	-3.10
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.14	0.90	1.12	1.11	1.03	0.88	0.74	0.58	0.45	0.59	0.62
Price to Tangible Book Value (P/TBV)	1.40	1.11	1.41	1.39	1.28	1.11	0.93	0.72	0.51	0.67	0.71
Price to Revenue (P/Rev)	0.31	0.27	0.33	0.33	0.31	0.25	0.21	0.17	0.21	0.22	0.20
Price to Earnings (P/E)	34.85	19.84	0.00	0.00	0.00	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	2.87%	5.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.26	0.82	1.22	1.16	1.04	0.80	0.57	0.30	0.47	0.64	0.68
Enterprise Value to Revenue (EV/Rev)	0.18	0.14	0.20	0.23	0.21	0.14	0.10	0.05	0.22	0.28	0.26
Enterprise Value to EBITDA (EV/EBITDA)	7.07	6.03	62.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	10.44	10.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	21.22	18.65	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	23.60	70.07	8.65	0.00	0.00	0.00	0.00	2.70	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	54.96	0.00	2.34	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.03	0.03	0.02	0.03	0.03	0.02	0.02	0.34	0.39	0.43
Long-Term Debt to Equity	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.24	0.26	0.32
Financial Leverage	-0.47	-0.50	-0.45	-0.41	-0.41	-0.43	-0.43	-0.37	-0.11	-0.07	-0.05
Leverage Ratio	1.40	1.37	1.37	1.37	1.32	1.28	1.34	1.35	1.57	1.56	1.61
Compound Leverage Factor	1.55	0.46	1.33	0.91	1.13	1.87	1.29	1.17	1.49	1.31	1.61
Debt to Total Capital	0.00%	2.86%	2.73%	2.42%	2.94%	2.56%	2.16%	2.36%	25.33%	28.17%	29.89%
Short-Term Debt to Total Capital	0.00%	1.54%	1.68%	1.75%	1.71%	1.50%	1.17%	0.78%	7.71%	9.26%	7.80%
Long-Term Debt to Total Capital	0.00%	1.33%	1.05%	0.67%	1.23%	1.06%	0.99%	1.58%	17.62%	18.90%	22.08%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	97.14%	97.27%	97.58%	97.06%	97.44%	97.84%	97.64%	74.67%	71.83%	70.11%
Debt to EBITDA	0.00	0.39	2.58	-0.90	-0.48	-0.43	-0.67	-0.67	-10.93	-12.64	-7.16
Net Debt to EBITDA	0.00	-5.88	-40.58	11.97	5.55	6.65	12.45	11.24	-1.30	-4.39	-3.07
Long-Term Debt to EBITDA	0.00	0.18	0.99	-0.25	-0.20	-0.18	-0.31	-0.45	-7.61	-8.48	-5.29
Debt to NOPAT	0.00	1.21	-1.06	-0.47	-0.38	-0.40	-0.50	-0.55	-8.87	-9.98	-6.21
Net Debt to NOPAT	0.00	-18.19	16.68	6.23	4.33	6.16	9.26	9.29	-1.06	-3.47	-2.66
Long-Term Debt to NOPAT	0.00	0.56	-0.41	-0.13	-0.16	-0.17	-0.23	-0.37	-6.17	-6.70	-4.59
Altman Z-Score	-3.99	-4.34	-5.10	-5.45	-5.61	-6.36	-6.96	-6.90	-3.23	-3.04	-3.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.73	4.09	3.21	3.30	3.27	3.58	3.22	3.04	2.07	2.10	2.09
Quick Ratio	3.54	3.78	2.98	3.08	3.07	3.31	2.96	2.83	1.66	1.66	1.63
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1.09	-8.15	-1.32	-4.79	-3.41	3.31	0.23	4.62	-44	-51	-52
Operating Cash Flow to CapEx	-2,864.00%	9,531.43%	-19,833.33%	-30,521.43%	0.00%	0.00%	-13,366.67%	375.68%	-445.20%	-656.56%	-126.56%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.68	2.50	2.44	2.35	2.38	2.47	2.46	2.47	1.71	2.08	2.35
Accounts Receivable Turnover	6.33	7.02	6.30	5.50	5.69	7.04	6.53	5.74	4.91	6.22	7.03
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	296.03	294.95	321.35	320.92	360.53	422.49	520.87	477.85	15.95	18.26	23.67
Accounts Payable Turnover	63.97	49.38	38.10	47.15	85.78	96.51	56.71	33.54	20.45	47.53	45.99
Days Sales Outstanding (DSO)	57.69	52.01	57.97	66.34	64.15	51.87	55.86	63.62	74.38	58.64	51.89
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)	5.71	7.39	9.58	7.74	4.26	3.78	6.44	10.88	17.85	7.68	7.94
Cash Conversion Cycle (CCC)	51.98	44.62	48.39	58.60	59.90	48.08	49.43	52.74	56.53	50.96	43.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	25	27	25	29	28	24	23	24	71	75	72
Invested Capital Turnover	7.14	6.90	6.05	5.46	5.32	5.49	5.75	5.27	3.03	3.49	3.99
Increase / (Decrease) in Invested Capital	1.80	7.26	-0.81	4.66	3.09	-3.02	-1.44	-4.77	43	51	49
Enterprise Value (EV)	31	22	30	33	29	19	13	7.05	33	48	49
Market Capitalization	53	44	50	47	44	36	29	23	31	39	38
Book Value per Share	$16.52	$17.25	$15.74	$15.02	$15.61	$14.80	$14.35	$14.59	$24.60	$19.12	$16.45
Tangible Book Value per Share	$13.49	$13.92	$12.52	$11.93	$12.51	$11.80	$11.45	$11.76	$21.75	$16.90	$14.45
Total Capital	47	50	46	44	44	41	40	41	91	91	87
Total Debt	0.00	1.43	1.25	1.06	1.30	1.06	0.87	0.97	23	26	26
Total Long-Term Debt	0.00	0.66	0.48	0.29	0.54	0.44	0.40	0.65	16	17	19
Net Debt	-22	-22	-20	-14	-15	-16	-16	-16	2.74	8.96	11
Capital Expenditures (CapEx)	0.03	0.04	0.01	0.01	-0.00	-0.00	0.01	0.04	0.62	0.59	1.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	14	12	11	15	14	12	12	12	23	25	23
Debt-free Net Working Capital (DFNWC)	36	35	31	30	31	30	29	29	42	41	37
Net Working Capital (NWC)	36	35	31	29	30	29	28	29	35	33	30
Net Nonoperating Expense (NNE)	0.17	-1.62	0.77	0.31	0.53	0.88	0.55	0.54	0.61	1.63	0.98
Net Nonoperating Obligations (NNO)	-22	-22	-20	-14	-15	-16	-16	-16	2.74	8.96	11
Total Depreciation and Amortization (D&A)	0.37	0.39	0.40	0.29	0.36	0.32	0.28	0.25	0.67	0.88	0.94
Debt-free, Cash-free Net Working Capital to Revenue	8.22%	7.71%	6.97%	10.47%	10.22%	8.61%	8.59%	8.72%	15.26%	14.68%	12.18%
Debt-free Net Working Capital to Revenue	20.96%	21.94%	20.65%	21.02%	21.82%	21.09%	20.93%	21.30%	28.21%	23.89%	19.48%
Net Working Capital to Revenue	20.96%	21.47%	20.14%	20.48%	21.28%	20.65%	20.59%	21.06%	23.52%	18.97%	15.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.17	$0.24	($0.95)	($0.15)	($0.28)	($0.21)	($0.59)	($0.23)	($0.54)	($0.49)	($1.01)
Adjusted Weighted Average Basic Shares Outstanding	3.07M	3.06M	3.04M	3.01M	2.98M	3M	2.99M	3.00M	3.26M	3.20M	3.74M
Adjusted Diluted Earnings per Share	$0.17	$0.24	($0.95)	($0.15)	($0.28)	($0.21)	($0.59)	($0.23)	($0.54)	($0.49)	($1.01)
Adjusted Weighted Average Diluted Shares Outstanding	3.14M	3.14M	3.04M	3.01M	2.98M	3M	2.99M	3.00M	3.26M	3.20M	3.74M
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	2.82M	2.82M	2.83M	2.75M	2.73M	2.75M	2.75M	2.76M	3.44M	3.71M	3.70M
Normalized Net Operating Profit after Tax (NOPAT)	0.71	-0.89	-2.13	-0.13	-0.32	-0.09	-1.21	-0.15	-1.15	-0.08	-2.81
Normalized NOPAT Margin	1.79%	-2.61%	-6.28%	-0.37%	-0.87%	-0.26%	-3.79%	-0.42%	-2.40%	-0.13%	-5.61%
Pre Tax Income Margin	2.44%	-0.13%	-8.81%	-0.53%	-1.49%	0.75%	-5.41%	-0.97%	-3.16%	-0.48%	-8.11%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-12.51%	-16.75%
Augmented Payout Ratio	50.69%	43.63%	-179.79%	-133.53%	-85.75%	-58.18%	-50.69%	-10.14%	-53.66%	-57.09%	-58.86%

Financials Breakdown Chart

Star Equity Financials - Frequently Asked Questions

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

Star Equity's net income appears to be on an upward trend, with a most recent value of -$5.92 million in 2025, falling from $2.33 million in 2015. The previous period was -$4.77 million in 2024. Find out what analysts predict for Star Equity in the coming months.

Star Equity's total operating income in 2025 was -$3.69 million, based on the following breakdown:

Total Gross Profit: $16.32 million
Total Operating Expenses: $20.01 million

Over the last 10 years, Star Equity's total revenue changed from $463.20 million in 2015 to $172.16 million in 2025, a change of -62.8%.

Star Equity's total liabilities were at $47.52 million at the end of 2025, a 291.0% increase from 2024, and a 25.5% decrease since 2015.

In the past 10 years, Star Equity's cash and equivalents has ranged from $5.58 million in 2017 to $40.56 million in 2018, and is currently $10.27 million as of their latest financial filing in 2025.

Over the last 10 years, Star Equity's book value per share changed from 1.77 in 2015 to 19.12 in 2025, a change of 980.6%.

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Financial statements for NASDAQ:STRR last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Star Equity (STRR) Financials

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Star Equity Financials - Frequently Asked Questions

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Star Equity (STRR) Financials

Annual Income Statements for Star Equity

Quarterly Income Statements for Star Equity

Annual Cash Flow Statements for Star Equity

Quarterly Cash Flow Statements for Star Equity

Annual Balance Sheets for Star Equity

Quarterly Balance Sheets for Star Equity

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Quarterly Metrics And Ratios for Star Equity

Financials Breakdown Chart

Star Equity Financials - Frequently Asked Questions

When does Star Equity's fiscal year end?

How has Star Equity's net income changed over the last 10 years?

What is Star Equity's operating income?

How has Star Equity's revenue changed over the last 10 years?

How much debt does Star Equity have?

How much cash does Star Equity have?

How has Star Equity's book value per share changed over the last 10 years?

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