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Star Equity Holdings (STRR) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Star Equity Holdings (STRR) Q2 2026 earnings results →

Q2 2026 Revenue up 55% year over year to $54.9M · 3¢ of every $1 of revenue lost · operating margin -2.5%

Star Equity Holdings made $54.9M in Q2 2026 (+55% Y/Y): Business Services $36.4M, Revenue from Other Contracts with Customers $18.6M. Operating margin -2.5%, net loss $1.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.

Revenue$54.9M
Year over year+55%
Operating margin-2.5%
Net earnings−$1.8M
Operating cash flow−$1.7M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $54.9M in Q2 2026, up 55% year over year and up 10% from the previous quarter. Revenue from Contracting Customers was the largest line at 35% of revenue.

Gross margin was 41.5%, down 10.9 points from Q2 2025. Operating costs exceeded revenue by $1.4M, an operating margin of -2.5%. Operating expenses grew 28% against revenue growth of 55%. The fastest-growing cost line was General & admin (+74%). The quarter ended with a net loss of $1.8M, narrower than the previous quarter's $3.8M loss.

Operating cash flow was −$1.7M. Non-cash charges added back $934K of depreciation and amortization and $707K of share-based compensation. Working capital and other items used $1.5M. Capital expenditures of $1.5M exceeded it, leaving free cash flow of −$3.2M.

Quarterly history

Star Equity Holdings revenue by quarterStar Equity Holdings revenue by quarter$33.6MQ4 2024$31.9MQ1 2025$35.5MQ2 2025$48.0MQ3 2025$56.8MQ4 2025$50.1MQ1 2026$54.9MQ2 2026
Star Equity Holdings net earnings by quarterStar Equity Holdings net earnings by quarter−$585KQ4 2024−$1.8MQ1 2025−$688KQ2 2025−$1.8MQ3 2025−$1.7MQ4 2025−$3.8MQ1 2026−$1.8MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 14, 2026$54.9M+55%-2.5%−$1.8M−$1.7M
Q1 202610-QMay 12, 2026$50.1M+57%-8.0%−$3.8M−$1.4M
Q4 202510-KMar 20, 2026$56.8M+69%-0.2%−$1.7M−$3.9M
Q3 202510-QNov 14, 2025$48.0M+30%-3.4%−$1.8M−$2.7M
Q2 202510-QAug 8, 2025$35.5M-0.5%-0.6%−$688K$139K
Q1 202510-QMay 13, 2025$31.9M-6%-5.4%−$1.8M−$802K
Q4 202410-KMar 14, 2025$33.6M-1%-0.4%−$585K$2.0M

Charts

Star Equity Holdings: revenue growth, year over year and quarter over quarterStar Equity Holdings: revenue growth, year over year and quarter over quarterY/YQ/Q-1%Q4 2024-6%-5%Q1 20250%+12%Q2 2025+30%+35%Q3 2025+69%+18%Q4 2025+57%-12%Q1 2026+55%+10%Q2 2026
Latest (Q2 2026): Y/Y +55%, Q/Q +10%.
Star Equity Holdings: where the cash came from (+) and went (−), TTM to Q2 2026Star Equity Holdings: where the cash came from (+) and went (−), TTM to Q2 2026Operating cash flow−$9.7MOther investing$9.5MCash drawn (+) / kept (−)$8.6MCapital spending−$4.5MBuybacks−$3.5MTaxes on employees’ shares−$442KExchange rates−$341KOther financing$240KAsset & business sales$149K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Star Equity Holdings: profit against cash, quarter by quarterStar Equity Holdings: profit against cash, quarter by quarterNet incomeOperating cash flow−$846K$1.3MQ3 2024−$585K$2.0MQ4 2024−$1.8M−$802KQ1 2025−$688K$139KQ2 2025−$1.8M−$2.7MQ3 2025−$1.7M−$3.9MQ4 2025−$3.8M−$1.4MQ1 2026−$1.8M−$1.7MQ2 2026
Latest (Q2 2026): Net income −$1.8M, Operating cash flow −$1.7M.
Star Equity Holdings: diluted shares by fiscal yearStar Equity Holdings: diluted shares by fiscal year3MFY20203MFY20213MFY20223MFY20233MFY20243MFY2025
+9.9% since FY2020: more shares outstanding (issuance, stock pay).
Star Equity Holdings in its industry: growth against margin (17 companies, SIC 7363)Star Equity Holdings in its industry: growth against margin (17 companies, SIC 7363)revenue growth, year over year →↑ operating marginmedian +5%median 2%MANNSPRHIEFORKELYAAMNTBITTECKFRCBBSICIRCRCMTDLHCBGSFHQIRLBYSTRR (+55%, -2%)
Services-Help Supply Services; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Star Equity Holdings

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.

In its own words, from its 10-K, filed Mar 20, 2026.

Star Equity Holdings against its Services-Help Supply Services peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +55% against the peers' median +2%. Operating margin: -2.5% against the peers' median 2.3%.

CompanyQuarterRevenueY/YOp. margin
STRR Star Equity HoldingsQ2 2026$54.9M+55%-2.5%
MAN ManpowerGroupQ3 2026$4.8B+4%1.7%
NSP InsperityQ3 2026$1.7B+2%-0.1%
RHI Robert HalfQ3 2026$1.4B+0.4%5.5%
EFOR EverforthQ3 2026$1.0B+2%5.5%
KELYA Kelly ServicesQ3 2026$927M-0.8%0.1%
AMN AMN Healthcare ServicesQ3 2026$717M+13%7.0%
TBI TrueBlueQ3 2026$521M+21%2.3%
TTEC Ttec HoldingsQ2 2026$455M-11%2.4%

Source: Star Equity Holdings 10-Q on SEC EDGAR · CIK 1210708 · Services-Help Supply Services

13F: who owns STRR and who is buying

Largest holders of STRR (13F)Largest holders of STRR (13F)Mink Brook Asset Management LLC$3.4MVanguard Group$1.7MVanguard Capital Management LLC$1.4MCable Car Capital, LP$1.1MRenaissance Technologies LLC$857KPerritt Capital Management$746KBlackRock$655KNorth Star Investment Management$586KDimensional Fund Advisors LP$446KGeode Capital Management, LLC$329K
Funds' net buying of STRR by quarter (13F)Funds' net buying of STRR by quarter (13F)$509K2024-09$7K2024-12−$245K2025-03−$704K2025-06−$3.6M2025-09$365K2025-12−$433K2026-03$32K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on STRR

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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