Star Holdings (STHO) Income Statement

Star Holdings reported revenue of $75.66M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 33.2% from $113.30M a year earlier. Star Holdings posted a net loss of $64.25M, compared with a net loss of $86.75M a year earlier. Gross margin was -18.6% and operating margin -29.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $16.86M, down 51.2% from the same quarter a year earlier.

Star Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Star Holdings income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Revenue & Gross Profit
Revenue	75.66	113.30	101.17	96.11	272.18
Cost of Revenue	89.73	97.56	130.11	113.34	209.00
Gross Profit	-14.07	16.36	-28.94	-17.23	55.09
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	-
Selling, General & Administrative	3.26	21.12	16.50	10.94	46.34
Operating Expenses	7.94	25.52	3.07	45.22	53.34
Operating Income	-22.01	-9.78	-32.00	-62.45	9.15
Other Income/Expense
Interest Income	4.53	-66.53	2.14	12.34	101.10
Interest Expense	18.37	-15.75	22.97	42.04	-51.37
Other Income/Expense	-34.91	-78.58	-164.29	55.84	76.05
Income
Income Before Tax	-70.75	-88.36	-196.29	-36.31	85.20
Income Tax Expense	0.03	0.00	0.00	0.00	22.53
Net Income	-64.25	-86.76	-196.36	-36.35	62.75
Net Income - Continuous Operations	-70.77	-88.36	-196.36	-36.31	62.67
Net Income - Discontinued Operations	-	-	-	-	-
EBITDA	-47.16	-5.45	-168.75	10.64	16.32
EBIT	-52.38	-9.78	-30.66	5.73	9.83
Depreciation & Amortization	5.22	4.33	4.57	4.91	6.49
Earnings Per Share
Basic EPS	-5.00	-7.00	-15.00	-3.00	5.00
Diluted EPS	-5.00	-7.00	-15.00	-3.00	5.00
Basic Shares Outstanding	13.11	13.32	13.32	13.32	13.32
Diluted Shares Outstanding	13.11	13.32	13.32	13.32	13.32

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Star Holdings Financial Statements

What was Star Holdings's revenue in fiscal 2025?

Star Holdings reported revenue of $75.66M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 33.2% from $113.30M a year earlier.

Is Star Holdings profitable?

No. Star Holdings reported a net loss of $64.25M in fiscal 2025. In fiscal 2024 it lost $86.75M.

What is Star Holdings's operating margin?

Star Holdings's operating income was −$22.01M on revenue of $75.66M in fiscal 2025, an operating margin of -29.1%, compared with -8.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition