NASDAQ : STHO
Star Holdings — Financial statements
Real Estate · Real Estate Services · United States
Last price 7.47 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 90.25M
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Financial statements
Star Holdings (STHO) reported revenue of 98.27M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 35.08M | 53.86M | 66.86M | 79.17M | 74.61M | 205.93M |
| Other Revenue | 63.19M | 64.28M | 46.44M | 43.88M | 49.47M | 66.25M |
| Revenue | 98.27M | 118.14M | 113.30M | 123.05M | 124.08M | 272.18M |
| Cost of Revenue | 64.26M | 77.89M | 97.56M | 112.15M | 158.34M | 209.00M |
| Gross Profit | 34.01M | 40.25M | 15.74M | 10.90M | -34.26M | 63.17M |
| Selling, General & Admin | 12.49M | 14.56M | 21.12M | 36.20M | 10.94M | 46.34M |
| Other Operating Expenses | 2.00K | 9.00K | 64.00K | 791.00K | 494.00K | 515.00K |
| Operating Expenses | 18.87M | 19.79M | 25.52M | 41.56M | 16.34M | 53.34M |
| Operating Income | 15.14M | 20.46M | -9.78M | -30.66M | -50.60M | 9.83M |
| Interest Expense | -20.81M | -18.37M | -15.75M | -22.97M | -42.04M | -51.37M |
| Earnings From Equity Investments | 30.82M | 45.63M | 83.46M | |||
| EBT Excluding Unusual Items | -5.67M | 2.10M | -25.53M | -22.81M | -47.02M | 41.92M |
| Gain (Loss) on Sale of Investments | 1.89M | -64.77M | -66.53M | -171.39M | 17.64M | |
| Gain (Loss) on Sale of Assets | 14.00M | 3.70M | 25.19M | 26.32M | ||
| Asset Writedown | -14.48M | -679.00K | ||||
| Legal Settlements | -6.20M | -8.00M | ||||
| Other Unusual Items | -70.00K | -2.09M | ||||
| Pretax Income | 4.02M | -70.75M | -88.36M | -196.29M | -36.31M | 85.20M |
| Income Tax Expense | 27.00K | 27.00K | 2.00K | 22.53M | ||
| Earnings From Continuing Operations | 4.00M | -70.77M | -88.36M | -196.29M | -36.31M | 62.67M |
| Minority Interest in Earnings | 9.86M | 6.53M | 1.61M | -66.00K | -37.00K | 74.00K |
| Net Income | 13.85M | -64.25M | -86.75M | -196.36M | -36.35M | 62.74M |
| Net Income to Common | 13.85M | -64.25M | -86.75M | -196.36M | -36.35M | 62.74M |
| Shares Outstanding (Basic) | 12.50M | 13.11M | 13.32M | 13.32M | 13.32M | 13.32M |
| Shares Outstanding (Diluted) | 12.50M | 13.11M | 13.32M | 13.32M | 13.32M | 13.32M |
| EPS (Basic) | 1.11 | -4.90 | -6.51 | -14.74 | -2.73 | 4.71 |
| EPS (Diluted) | 1.11 | -4.90 | -6.51 | -14.74 | -2.73 | 4.71 |
| Gross Margin | 34.61% | 34.07% | 13.89% | 8.86% | -27.62% | 23.21% |
| Operating Margin | 15.41% | 17.32% | -8.63% | -24.92% | -40.78% | 3.61% |
| Profit Margin | 14.10% | -54.38% | -76.57% | -159.57% | -29.29% | 23.05% |
| EBITDA | 21.51M | 25.68M | -5.45M | -26.09M | -45.70M | 16.32M |
| EBITDA Margin | 21.89% | 21.74% | -4.81% | -21.20% | -36.83% | 6.00% |
| D&A For EBITDA | 6.37M | 5.21M | 4.33M | 4.57M | 4.91M | 6.49M |
| EBIT | 15.14M | 20.46M | -9.78M | -30.66M | -50.60M | 9.83M |
| EBIT Margin | 15.41% | 17.32% | -8.63% | -24.92% | -40.78% | 3.61% |
| Effective Tax Rate | 0.67% | 26.44% | ||||
| Revenue as Reported | 93.77M | 110.14M | 113.30M | 123.05M | 124.08M | 272.18M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 34.81M | 50.08M | 34.96M | 50.66M | 4.23M | 15.50M |
| Cash & Short-Term Investments | 34.81M | 50.08M | 34.96M | 50.66M | 4.23M | 15.50M |
| Other Receivables | 3.74M | 2.98M | 4.24M | 3.79M | 4.16M | 8.54M |
| Receivables | 20.14M | 21.79M | 39.19M | 20.11M | 52.82M | 218.76M |
| Inventory | 101.39M | 112.84M | 176.44M | 181.39M | 232.01M | 286.81M |
| Restricted Cash | 17.99M | 17.09M | 10.59M | 10.05M | 3.25M | 1.57M |
| Total Current Assets | 174.33M | 201.80M | 261.18M | 262.22M | 329.96M | 522.64M |
| Property, Plant & Equipment | 67.22M | 149.81M | 73.77M | 76.79M | 78.36M | 94.57M |
| Long-Term Investments | 258.39M | 210.41M | 265.27M | 321.03M | 587.14M | 623.04M |
| Other Intangible Assets | 76.00K | 102.00K | 127.00K | 180.00K | 319.00K | 1.21M |
| Long-Term Deferred Charges | 17.00K | 42.00K | 69.00K | 101.00K | 129.00K | 818.00K |
| Other Long-Term Assets | 8.19M | 8.04M | 8.23M | 8.88M | 9.47M | 14.49M |
| Total Assets | 508.22M | 570.20M | 608.65M | 669.20M | 1.01B | 1.26B |
| Accounts Payable | 1.20M | 2.20M | 2.54M | 4.25M | ||
| Accrued Expenses | 4.92M | 10.28M | 16.72M | 13.11M | 4.86M | 5.54M |
| Current Portion of Leases | 486.00K | |||||
| Other Current Liabilities | 3.40M | 2.80M | 5.70M | 4.90M | ||
| Total Current Liabilities | 8.32M | 14.28M | 24.62M | 18.01M | 7.40M | 10.28M |
| Long-Term Debt | 208.84M | 268.72M | 217.35M | 192.90M | ||
| Long-Term Leases | 399.00K | 634.00K | 1.09M | 1.54M | 2.01M | 1.90M |
| Long-Term Unearned Revenue | 3.10M | 20.70M | 20.60M | 20.10M | 21.20M | 20.10M |
| Other Long-Term Liabilities | 4.58M | 2.81M | 2.50M | 100.00K | ||
| Total Liabilities | 225.24M | 304.33M | 263.66M | 235.36M | 33.10M | 32.38M |
| Common Stock | 12.00K | 12.00K | 13.00K | 13.00K | 971.54M | 1.22B |
| Additional Paid-In Capital | 597.62M | 599.62M | 607.62M | 607.62M | ||
| Retained Earnings | -316.25M | -347.44M | -283.20M | -196.44M | ||
| Comprehensive Income & Other | 335.00K | -424.00K | -104.00K | 359.00K | ||
| Total Common Equity | 281.72M | 251.77M | 324.34M | 411.55M | 971.54M | 1.22B |
| Minority Interest | 1.26M | 14.10M | 20.66M | 22.29M | 726.00K | 689.00K |
| Shareholders' Equity | 282.98M | 265.87M | 345.00M | 433.84M | 972.27M | 1.22B |
| Total Liabilities & Equity | 508.22M | 570.20M | 608.65M | 669.20M | 1.01B | 1.26B |
| Total Debt | 209.24M | 269.36M | 218.44M | 194.43M | 2.01M | 2.39M |
| Net Cash (Debt) | -174.42M | -219.28M | -183.49M | -143.77M | 2.22M | 13.11M |
| Net Cash Per Share | -13.95 | -16.73 | -13.78 | -10.79 | 0.17 | 0.98 |
| Filing Date Shares Outstanding | 12.08M | 12.09M | 13.32M | 13.32M | 13.32M | 13.32M |
| Total Common Shares Outstanding | 12.08M | 12.32M | 13.32M | 13.32M | 13.32M | 13.32M |
| Working Capital | 166.01M | 187.52M | 236.56M | 244.20M | 322.56M | 512.37M |
| Book Value Per Share | 23.32 | 20.44 | 24.35 | 30.90 | 72.94 | |
| Tangible Book Value | 281.64M | 251.66M | 324.21M | 411.37M | 971.22M | 1.22B |
| Tangible Book Value Per Share | 23.31 | 20.43 | 24.34 | 30.88 | 72.91 | |
| Land | 4.98M | 5.57M | 5.57M | 5.57M | 5.57M | 6.83M |
| Buildings | 90.29M | 173.49M | 92.55M | 91.91M | 89.02M | 106.68M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 13.85M | -64.25M | -86.75M | -196.36M | -36.35M | 62.74M |
| Depreciation & Amortization | 6.37M | 5.21M | 4.33M | 4.57M | 4.91M | 6.49M |
| Loss (Gain) From Sale of Assets | -14.37M | -3.70M | -25.19M | -26.32M | ||
| Asset Writedown & Restructuring Costs | 14.48M | 679.00K | ||||
| Loss (Gain) From Sale of Investments | -1.89M | 64.77M | 66.53M | 171.39M | -17.64M | |
| Loss (Gain) on Equity Investments | -30.82M | -45.63M | -83.46M | |||
| Stock-Based Compensation | 1.78M | -11.81M | 23.36M | |||
| Other Operating Activities | -16.23M | -16.39M | -6.16M | 20.74M | 27.85M | 45.87M |
| Change in Accounts Receivable | -807.00K | -561.00K | -378.00K | 570.00K | 491.00K | 5.22M |
| Change in Accounts Payable | -1.11M | -1.34M | -5.53M | 9.77M | -3.62M | -1.97M |
| Change in Other Net Operating Assets | 259.00K | 1.43M | -247.00K | -2.10M | 2.51M | 1.65M |
| Operating Cash Flow | -13.92M | -11.66M | -31.29M | -18.72M | -27.36M | 8.53M |
| Sale (Purchase) of Real Estate | 12.66M | -8.23M | 11.71M | 54.91M | 77.03M | 285.46M |
| Investment in Securities | 47.29M | -58.70M | 73.55M | |||
| Other Investing Activities | -2.84M | -1.54M | -143.00K | 20.80M | 19.44M | -3.65M |
| Investing Cash Flow | -2.93M | -1.54M | 306.00K | 186.02M | 236.06M | 673.12M |
| Long-Term Debt Issued | 47.69M | 15.81M | 253.07M | |||
| Long-Term Debt Repaid | -4.53M | -70.97M | ||||
| Net Debt Issued (Repaid) | 23.75M | 43.15M | 15.81M | 182.10M | ||
| Repurchase of Common Stock | -9.76M | -7.95M | ||||
| Other Financing Activities | -214.00K | -373.00K | -296.16M | -218.31M | -676.43M | |
| Financing Cash Flow | 13.78M | 34.83M | 15.81M | -114.06M | -218.31M | -676.43M |
| Net Cash Flow | -3.08M | 21.63M | -15.17M | 53.24M | -9.60M | 5.22M |
| Levered Free Cash Flow | 86.17M | 70.69M | -19.69M | 97.62M | 114.22M | 510.03M |
| Unlevered Free Cash Flow | 99.18M | 82.17M | -9.85M | 111.98M | 140.49M | 542.13M |
| Cash Interest Paid | 10.12M | 10.12M | 9.67M | 20.23M | 42.04M | 51.37M |
| Change in Working Capital | -1.66M | -468.00K | -6.15M | 8.24M | -623.00K | 4.89M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 95.80M | 104.81M | 129.60M | 199.53M | ||
| Enterprise Value | 270.23M | 342.48M | 308.04M | 372.29M | ||
| Last Close Price | 7.47 | 8.23 | 9.73 | 14.98 | ||
| PS Ratio | 0.92 | 0.89 | 1.14 | 1.62 | ||
| PB Ratio | 0.32 | 0.39 | 0.38 | 0.46 | ||
| P/TBV Ratio | 0.32 | 0.42 | 0.40 | 0.48 | ||
| EV/Sales Ratio | 2.69 | 2.90 | 2.72 | 3.02 | ||
| EV/EBITDA Ratio | 12.30 | 13.34 | ||||
| EV/EBIT Ratio | 17.48 | 16.73 | ||||
| Debt / Equity Ratio | 0.74 | 1.01 | 0.63 | 0.45 | 0.00 | 0.00 |
| Debt / EBITDA Ratio | 9.49 | 10.28 | 0.15 | |||
| Net Debt / Equity Ratio | 0.62 | 0.82 | 0.53 | 0.33 | -0.00 | -0.01 |
| Net Debt / EBITDA Ratio | 8.11 | 8.54 | -33.68 | -5.51 | 0.05 | -0.80 |
| Asset Turnover | 0.18 | 0.20 | 0.18 | 0.15 | 0.11 | 0.17 |
| Inventory Turnover | 0.44 | 0.54 | 0.55 | 0.54 | 0.61 | 0.58 |
| Quick Ratio | 4.63 | 3.72 | 1.59 | 3.02 | 1.14 | 2.34 |
| Current Ratio | 20.95 | 14.14 | 10.61 | 14.56 | 44.61 | 50.87 |
| Return on Equity (ROE) | 1.38% | -23.17% | -22.69% | -27.92% | -3.31% | 4.15% |
| Return on Assets (ROA) | 1.72% | 2.17% | -0.96% | -2.29% | -2.80% | 0.39% |
| Return on Invested Capital (ROIC) | 3.50% | 4.04% | -1.77% | -3.96% | -4.64% | 0.47% |
| Return on Capital Employed (ROCE) | 3.00% | 3.70% | -1.70% | -4.70% | -5.10% | 0.80% |
| Earnings Yield | 13.97% | -61.30% | -66.94% | -98.41% | ||
| Buyback Yield / Dilution | 6.11% | 1.58% |