Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Star Holdings files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2023
FY2023
FY2024
FY2025
Revenue
272
124
123
113
110
General and administrative
46.3
10.9
36.2
21.1
14.6
Pre-tax income
85.2
-36.3
-196
-88.4
-70.7
Income tax
22.5
0
0.03
Net income to minority interests
-0.07
0.04
0.07
-1.61
-6.53
Net income
62.7
-36.3
-196
-86.8
-64.2
EPS, basic
4.71
-2.73
-14.74
-6.51
-4.90
EPS, diluted
4.71
-2.73
-14.74
-6.51
-4.90
Shares, basic (weighted)
13.3
13.3
13.3
13.3
13.1
Shares, diluted (weighted)
13.3
13.3
13.3
13.3
13.1
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
15.5
4.23
50.7
35
50.1
Lease right-of-use assets
1.86
1.38
0.92
0.46
Intangible assets
0.32
0.18
0.13
0.1
Total assets
1,005
669
609
570
Total liabilities
33.1
235
264
304
Total debt
193
217
269
Paid-in capital
608
608
600
Retained earnings
-196
-283
-347
Other comprehensive income
0.36
-0.1
-0.42
Shareholders' equity
412
324
252
Minority interests
0.73
22.3
20.7
14.1
Total equity
1,224
972
434
345
266
Total liabilities and equity
1,005
669
609
570
Shares outstanding
0
13.3
13.3
12.3
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
62.7
-36.3
-196
-88.4
-70.8
Depreciation and amortization
6.49
4.91
4.57
4.33
5.22
Stock-based compensation
23.4
-11.8
1.78
Deferred income tax
2.5
-24.8
-17.4
Change in payables
-1.97
-3.62
9.77
-5.53
-1.34
Cash from operations
8.53
-27.4
-18.7
-31.3
-11.7
Cash from investing
673
236
186
0.31
-1.54
Debt issued
253
15.8
47.7
Debt repaid
-69.8
-4.5
Share buybacks
-7.95
Cash from financing
-676
-218
-114
15.8
34.8
Net change in cash
5.22
-9.6
53.2
-15.2
21.6
Interest paid
51.4
42
20.2
9.67
10.1
Income taxes paid
0.1
0.1
0.2
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2026; growth uses fiscal years. Valuation uses the share price of $7.71 on November 10, 2026.
Profitability
Metric
Value
How it is calculated
Net margin
-31.3%
Net income / revenue.
Operating cash flow margin
-26.9%
Cash from operations / revenue.
Return on equity (ROE)
-14.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-8.0%
Net income / average total assets.
D&A / revenue
5.7%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-2.8%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-3.9%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-22.4%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-6.3%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-17.2%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
-1.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
-0.5%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Debt / equity
0.67x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
38.2%
Total debt / total assets.
Liabilities / assets
42.8%
Total liabilities / total assets.
Net debt
$87.4M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$8.74
Revenue / diluted weighted shares.
Operating cash flow per share
-$2.35
Cash from operations / diluted weighted shares.
Book value per share
$19.56
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.88x
Market cap / revenue.
P/B
0.39x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.39x
Market cap / tangible book value, when positive.
EV/Sales
1.71x
Enterprise value / revenue.
Earnings yield
-35.5%
Net income / market cap (the inverse of P/E).
Shareholder yield
7.0%
(Dividends paid + share buybacks) / market cap.
What was Star Holdings's revenue in fiscal 2025?
Star Holdings reported revenue of $110.1M for fiscal 2025, 2.8% lower than the year before.
Was Star Holdings profitable in fiscal 2025?
No. It reported a net loss of $64.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.