Star Equity Holdings, Inc. STRR
Star Equity Holdings, Inc. ("Star Equity," "Star," the "Company," "we," or "our," formerly known as Hudson Global, Inc. ("Hudson")) is a diversified multi-industry holding company operating through four reportable segments: Building Solutions, Business Services, Energy Services, and Investments. Our common stock and 10% Series A Cumulative Perpetual Preferred Stock are listed on the Nasdaq Global Market under the symbols "STRR" and "STRRP," respectively.
The Building Solutions segment operates in the construction industry. The Business Services segment, which consists of Hudson Talent Solutions, LLC ("HTS"), delivers customized recruitment and contracting solutions to mid-to-large multinational companies, including Recruitment Process Outsourcing ("RPO"), project-based RPO, contingent workforce solutions, recruitment consulting, outsourced professional contract staffing, and managed service provider ("MSP") services. The Energy Services segment consists of Alliance Drilling Tools, Inc. ("ADT"), which manufactures and supplies specialized drilling tools and downhole equipment used in directional drilling for oil and gas well construction as well as other applications, including mining, geothermal, and water wells. The Investments segment holds and manages certain corporate-owned real estate assets and investments in a limited number of publicly traded and private companies.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- Australia
- United States
- Other
- United Kingdom
| Region | FY2025 | FY2024 |
|---|---|---|
| Australia | $68.8M | $70.7M |
| United States | $60.5M | $26.6M |
| Other | $21.7M | $19.9M |
| United Kingdom | $21.1M | $22.9M |
As the company reported it, from the “SEGMENT AND GEOGRAPHIC DATA - Geographic Data Reporting (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Business Services
- Building Solutions
- Energy Services
| Segment | FY2025 |
|---|---|
| Business Services | $139.7M |
| Building Solutions | $27.6M |
| Energy Services | $4.9M |
As the company reported it, from the “SEGMENT AND GEOGRAPHIC DATA - Segment Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $172.2M | $140.1M | $161.3M | $200.9M | $169.2M | $101.4M | $93.8M | $66.9M | $59.6M | $422.7M |
| Cost of revenue | $92.3M | $69.9M | — | — | — | — | — | $24.8M | $17.6M | $248.3M |
| Gross profit | $79.9M | $70.2M | — | — | — | — | — | $42.1M | $42.1M | $174.4M |
| SG&A | $14.8M | $10.7M | $10.9M | $10.3M | $8.1M | $6.6M | $8.1M | $9.7M | $8.0M | $33.5M |
| Total operating expenses | $83.6M | $74.0M | $160.0M | $191.6M | $164.8M | $104.1M | $95.5M | $72.1M | $43.9M | $182.0M |
| Operating income | -$3.7M | -$3.8M | $1.4M | $9.3M | $4.4M | -$2.6M | -$1.7M | -$5.2M | -$1.8M | -$7.6M |
| Pre-tax income | -$3.9M | -$3.5M | $2.6M | $9.5M | $4.3M | -$708.0K | -$1.4M | -$5.2M | -$2.0M | -$8.2M |
| Income tax | $2.1M | $1.3M | $370.0K | $2.3M | $1.1M | $535.0K | $540.0K | $99.0K | $869.0K | $742.0K |
| Net income | -$6.7M | -$4.8M | $2.2M | $7.1M | $3.2M | -$1.2M | -$955.0K | $7.9M | -$2.9M | -$8.8M |
| EPS, basic | -1.85 | -1.59 | 0.72 | 2.37 | 1.11 | -0.43 | — | — | — | — |
| EPS, diluted | -1.85 | -1.59 | 0.70 | 2.27 | 1.07 | -0.43 | -0.30 | 2.39 | -0.09 | -0.26 |
| Shares, diluted (wtd. avg.) | 3.2M | 3.0M | 3.1M | 3.1M | 3.0M | 2.9M | 3.1M | 3.3M | 32.1M | 33.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $10.3M | $17.0M | $23.2M | $27.5M | $22.1M | $26.2M | $31.7M | $41.1M | $22.0M | $22.5M |
| Receivables | $35.2M | $20.1M | $19.7M | $26.3M | $25.7M | $13.4M | $12.8M | $9.9M | $11.5M | $58.5M |
| Inventory | $7.0M | $0 | — | — | — | — | — | — | — | — |
| Total current assets | $62.5M | $40.1M | $45.8M | $55.5M | $49.2M | $40.3M | $44.9M | $52.1M | $97.0M | $84.1M |
| Property, plant and equipment | $18.6M | $242.0K | $421.0K | $673.0K | $371.0K | $115.0K | $186.0K | $170.0K | $1.0K | $7.0M |
| Goodwill | $5.9M | $5.7M | $5.7M | $4.9M | $4.2M | $2.1M | $0 | — | $0 | $1.8M |
| Other intangibles | $1.7M | $2.5M | $3.6M | $4.5M | $5.5M | $1.4M | $0 | — | — | — |
| Total assets | $113.2M | $52.6M | $61.0M | $67.9M | $61.2M | $45.4M | $46.7M | $53.2M | $111.6M | $101.8M |
| Accounts payable | $4.8M | $1.8M | $868.0K | $1.7M | $871.0K | $576.0K | $1.1M | $1.5M | $1.2M | $4.7M |
| Short-term debt | $8.5M | $0 | — | — | — | — | — | — | $7.1M | $7.8M |
| Total current liabilities | $29.8M | $11.2M | $11.2M | $21.1M | $19.7M | $10.0M | $9.5M | $10.6M | $60.4M | $50.6M |
| Total liabilities | $47.5M | $12.2M | $12.4M | $22.1M | $21.9M | $11.1M | $10.7M | $12.7M | $68.5M | $59.9M |
| Retained earnings | -$435.9M | -$430.0M | -$425.2M | -$427.4M | -$434.5M | -$437.8M | -$436.5M | -$435.6M | -$443.4M | -$440.5M |
| Total equity | $65.7M | $40.4M | $48.6M | $45.8M | $39.3M | $34.3M | $36.0M | $40.5M | $43.2M | $41.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$7.3M | -$2.8M | $315.0K | $9.4M | $2.5M | -$1.4M | -$4.8M | -$15.5M | $2.2M | -$9.4M |
| Depreciation and amortisation | $2.1M | $1.4M | $1.5M | $1.4M | $597.0K | $179.0K | $85.0K | $696.0K | $2.7M | $3.1M |
| Stock-based compensation | $1.5M | $1.3M | $1.5M | $2.3M | $2.4M | $737.0K | $961.0K | $1.5M | $1.3M | $1.4M |
| Capital expenditure | $1.7M | $18.0K | $99.0K | $504.0K | $284.0K | $22.0K | $84.0K | $465.0K | $1.5M | $2.8M |
| Investing cash flow | $4.6M | $1.1M | -$2.2M | -$1.3M | -$6.3M | -$4.0M | -$84.0K | $27.3M | -$1.5M | -$2.7M |
| Financing cash flow | -$2.0M | -$3.1M | -$2.5M | -$2.0M | -$4.0K | -$927.0K | -$4.6M | $7.2M | -$2.5M | -$2.9M |
| Dividends paid | — | — | — | — | — | — | — | — | $0 | $3.4M |
| Buybacks | $2.6M | $2.8M | $959.0K | $1.1M | $0 | $2.2M | $4.5M | $208.0K | $858.0K | $5.1M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-194281.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $422.7M | $59.6M | $66.9M | $93.8M | $101.4M | $169.2M | $200.9M | $161.3M | $140.1M | $172.2M |
| Gross profit | $174.4M | $42.1M | $42.1M | — | — | — | — | — | $70.2M | $79.9M |
| Net income | -$8.8M | -$2.9M | $7.9M | -$955.0K | -$1.2M | $3.2M | $7.1M | $2.2M | -$4.8M | -$6.7M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event Item 8.01
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed Item 1.01
- Other event Item 8.01
- Results announced Item 2.02
- Material agreement signed Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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| EFOR | Everforth Inc | $1.79B | 16.8x | -2.9% |
| KFRC | KFORCE INC | $1.05B | 29.8x | -5.4% |
| BBSI | BARRETT BUSINESS SERVICES INC | $805.1M | 16.0x | 8.4% |
| KELYA | KELLY SERVICES INC | $582.6M | — | -1.9% |