Quarterly ResultMay 12, 2026, 04:48 PM
Star Equity Q1 Revenue +57.1% to $50.06M; Net Loss $(4.39)M
AI Summary
Star Equity Holdings reported a significant increase in total revenues for Q1 2026, reaching $50.06 million, up 57.1% from $31.87 million in Q1 2025. This growth was primarily driven by the inclusion of the newly acquired Building Solutions and Energy Services segments following the merger with Star Operating Companies in August 2025. However, the company also experienced an increased net loss attributable to common shareholders of $(4.39) million, or $(1.17) per share, compared to a net loss of $(1.76) million, or $(0.59) per share, in the prior year.
Key Highlights
- Total revenues increased 57.1% to $50.06 million in Q1 2026 from $31.87 million in Q1 2025.
- Net loss attributable to common shareholders widened to $(4.39) million, or $(1.17) per share.
- Building Solutions segment generated $11.60 million in revenue in Q1 2026.
- Business Services segment revenue rose to $35.01 million in Q1 2026 from $31.87 million.
- Energy Services segment contributed $3.46 million in revenue in Q1 2026.
- Net cash used in operating activities increased to $(1.40) million in Q1 2026.
- Total assets decreased to $108.51 million as of March 31, 2026, from $113.23 million.
- The company completed the acquisition of Star Operating Companies on August 22, 2025.
Price Impact
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