Filing Flows › Star Equity Holdings (STRR) › Q1 2026
Star Equity Holdings (STRR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Star Equity Holdings (STRR) reported revenue of $50.1M for the first quarter 2026 (Q1 2026), +57% from a year earlier and -12% from the quarter before. Operating margin was -8.0%, net loss $3.8M (7.6% of revenue).
Star Equity Holdings, Q1 2026: revenue $50.1M (+57% year over year), operating margin -8.0%, net loss $3.8M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $50.1M | -12% | +57% |
| Operating profit | −$4.0M | — | — |
| Net earnings | −$3.8M | — | — |
| Operating cash flow | −$1.4M | — | — |
What changed
Revenue was $50.1M in Q1 2026, up 57% year over year and down 12% from the previous quarter. Revenue from Contracting Customers was the largest line at 36% of revenue.
Gross margin was 41.1%, down 10.4 points from Q1 2025. Operating costs exceeded revenue by $4.0M, an operating margin of -8.0%. Operating expenses grew 36% against revenue growth of 57%. The fastest-growing cost line was General & admin (+79%). The quarter ended with a net loss of $3.8M, wider than the previous quarter's $1.7M loss.
Operating cash flow was −$1.4M. Non-cash charges added back $942K of depreciation and amortization and $484K of share-based compensation. Working capital and other items added $1.0M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$2.7M.
Questions
What was Star Equity Holdings' revenue in the first quarter 2026?
Star Equity Holdings (STRR) reported revenue of $50.1M for the first quarter 2026 (Q1 2026), +57% from a year earlier and -12% from the quarter before.
Was Star Equity Holdings profitable in the first quarter 2026?
Operating loss was $4.0M (-8.0% of revenue) and net loss $3.8M.