STHO · Star Holdings - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.94M | - | $28.11M | $42.05M | $14.62M | - | $24.55M | $30.55M | $25.44M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $3.29M | - | $3.33M | $3.25M | $4.72M | - | $4.56M | $4.59M | $7.39M | - |
| Total Operating Expenses | $33.23M | - | $26.89M | $39.04M | $25.84M | - | $30.63M | $40.79M | $36.57M | - |
| D&A | $2.23M | - | $1.09M | $952.0K | $977.0K | - | $986.0K | $1.18M | $1.18M | - |
| Operating Income | - | - | $274.0K | ($39.72M) | ($8.05M) | - | $91.47M | ($89.93M) | ($48.99M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | - | - | $2.0K | - |
| Net Income | ($10.26M) | - | $1.80M | ($39.31M) | ($7.60M) | - | $91.90M | ($27.11M) | ($48.98M) | - |
| EPS - Basic | ($0.85) | - | $0.14 | ($2.95) | ($0.57) | - | $6.90 | ($2.04) | ($3.68) | - |
| EPS - Diluted | ($0.85) | - | $0.14 | ($2.95) | ($0.57) | - | $6.90 | ($2.04) | ($3.68) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $62.06M | $50.08M | $40.59M | $44.20M | $30.31M | $34.96M | $45.05M | $48.28M | $45.73M | $50.66M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $480.36M | $570.20M | $595.86M | $589.92M | $618.24M | $608.65M | $696.54M | $601.04M | $622.90M | $669.20M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $207.00M | $268.72M | $259.27M | $245.40M | $231.46M | $217.35M | $201.21M | $197.21M | $195.02M | $192.90M |
| Total Liabilities | $240.20M | $304.33M | $302.20M | $293.97M | $281.87M | $263.66M | $247.92M | $244.28M | $238.20M | $235.36M |
| Stockholders' Equity | $238.89M | $251.77M | $275.43M | $276.14M | $316.14M | $324.34M | $427.55M | $335.31M | $362.42M | $411.55M |
| Retained Earnings | ($357.70M) | ($347.44M) | ($328.31M) | ($330.11M) | ($290.80M) | ($283.20M) | ($180.64M) | ($272.54M) | ($245.42M) | ($196.44M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($8.40M) | - | - | - | ($6.33M) | - | - | - | ($14.23M) | - |
| Investing Cash Flow | $626.0K | - | - | - | ($8.28M) | - | - | - | $9.63M | - |
| Financing Cash Flow | $2.66M | - | - | - | $12.09M | - | - | - | - | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | 1.0% | -94.5% | -55.0% | - | 372.6% | -294.4% | -192.6% | - |
| EBITDA margin | - | - | 4.9% | -92.2% | -48.3% | - | 376.6% | -290.5% | -188.0% | - |
| Net margin | -49.0% | - | 6.4% | -93.5% | -52.0% | - | 374.3% | -88.8% | -192.6% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 15.7% | - | 11.9% | 7.7% | 32.3% | - | 18.6% | 15.0% | 29.1% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -2.1% | - | 0.3% | -6.7% | -1.2% | - | 13.2% | -4.5% | -7.9% | - |
| Return on equity | -4.3% | - | 0.7% | -14.2% | -2.4% | - | 21.5% | -8.1% | -13.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | -6.9% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.87 | 1.07 | 0.94 | 0.89 | 0.73 | 0.67 | 0.47 | 0.59 | 0.54 | 0.47 |
| Debt / Assets | 0.43 | 0.47 | 0.44 | 0.42 | 0.37 | 0.36 | 0.29 | 0.33 | 0.31 | 0.29 |
| Debt / EBITDA | - | - | 189.67 | - | - | - | 2.18 | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.01 | 2.26 | 2.16 | 2.14 | 1.96 | 1.88 | 1.63 | 1.79 | 1.72 | 1.63 |
| Liabilities / Assets | 0.50 | 0.53 | 0.51 | 0.50 | 0.46 | 0.43 | 0.36 | 0.41 | 0.38 | 0.35 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.05 | 0.07 | 0.02 | - | 0.04 | 0.05 | 0.04 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 58.8x | - | - | - | 2.0x | - | - | - |
| P / B | 0.4x | - | 0.4x | 0.4x | 0.4x | - | 0.4x | 0.5x | 0.5x | - |
| P / S | 4.4x | - | 3.9x | 2.5x | 7.8x | - | 7.5x | 5.3x | 6.8x | - |
| EV / EBITDA | - | - | 239.3x | - | - | - | 3.7x | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 43.2% | - | 14.5% | 37.7% | -42.5% | - | -36.1% | -25.0% | 51.5% | - |
| Revenue CAGR (3y) | 7.7% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | -99.7% | 55.8% | 83.6% | - | - | - | - | - |
| Net income growth (YoY) | -34.9% | - | -98.0% | -45.0% | 84.5% | - | 424.8% | 69.9% | 46.0% | - |
| EPS growth (YoY) | -49.1% | - | -98.0% | -44.6% | 84.5% | - | 426.7% | 69.8% | -9100.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -24.4% | -22.4% | -35.6% | -17.6% | -12.8% | -21.2% | 24.0% | -21.4% | -29.9% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$131.94M totalOther Income Revenue$51.75M · 39.2%
Land Development$46.44M · 35.2%
Hotel$21.80M · 16.5%
Operating Lease Income$7.42M · 5.6%
Interest Income Revenue$4.53M · 3.4%
Peer comparison
Same SIC group: Lessors of Real Property, NEC
Comparing Star Holdings against the 5 most active filers in the same SIC group.