Filing Flows › Star (STHO) › Q3 2026
Star (STHO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Star (STHO) reported revenue of $39.9M for the third quarter 2026 (Q3 2026), +42% from a year earlier and +106% from the quarter before. Operating margin was 8.9%, net loss $45.1M (112.9% of revenue).
Star, Q3 2026: revenue $39.9M (+42% year over year), operating margin 8.9%, net loss $45.1M, operating cash flow −$9.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39.9M | +106% | +42% |
| Operating profit | $3.6M | — | +191% |
| Net earnings | −$45.1M | -209% | -2606% |
| Operating cash flow | −$9.2M | — | -272% |
What changed
Revenue was $39.9M in Q3 2026, up 42% year over year and up 106% from the previous quarter. Land development revenue was the largest line at 52% of revenue. Land development revenue added $19.3M year over year (up 1133%), 163% of the total change. Other income declined 30%.
Operating profit was $3.6M, a 8.9% margin (up 4.6 points year over year). Of the extra revenue versus Q3 2025, 20% reached operating profit, above the 4% margin then. Total costs grew 35% against revenue growth of 42%. The fastest-growing cost line was Other operating costs (+43%). The quarter ended with a net loss of $45.1M, after a profit of $41.5M the previous quarter. Net interest and other expense of $48.6M was the main reason.
Operating cash flow was −$9.2M. Non-cash charges added back $791K of depreciation and amortization. Working capital and other items added $35.1M. Capital expenditures of $229K exceeded it, leaving free cash flow of −$9.4M.
Questions
What was Star's revenue in the third quarter 2026?
Star (STHO) reported revenue of $39.9M for the third quarter 2026 (Q3 2026), +42% from a year earlier and +106% from the quarter before.
Was Star profitable in the third quarter 2026?
Operating profit was $3.6M (8.9% of revenue) and net loss $45.1M.
Source: Star 10-Q on SEC EDGAR.