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GlobeNewswire·

Star Equity Holdings Reports 2026 Third Quarter Results

  • Star Equity Holdings reported Q3 2026 revenue of $53.9 million, a 12.4% increase from the prior year, with gross profit rising 12.6% to $23.2 million.
  • The company recorded a net loss of $2.2 million ($0.60 per diluted share) compared to a $1.8 million loss ($0.56 per diluted share) in Q3 2025.
  • Adjusted EBITDA increased to $1.5 million in Q3 2026 from $1.3 million in the prior year, while pro forma adjusted EBITDA was $3.1 million.
  • Total cash & restricted cash stood at $7.8 million at the end of the third quarter.
  • The company closed two accretive bolt-on acquisitions & launched a process to monetize real estate assets.
  • Energy Services expanded operations in October 2026 by acquiring a machine shop in Vernal, Utah, to add in-house machining capabilities.
  • Building Solutions reported a pro forma gross profit decline due to market softness, though backlog grew to $11.4 million & new orders exceeded $17.0 million.
  • Hudson Talent Solutions limited year-over-year gross profit decline to 2% & acquired Cornerstone RPO in November 2026 to bolster U.S. presence.
  • Corporate costs rose to $1.8 million in Q3 2026 from $1.2 million in the prior year but decreased $0.8 million on a pro forma basis due to merger synergies.
  • The company generated $0.9 million in operating cash flow & repurchased $0.3 million of common stock in the third quarter.
  • Star Equity holds a $215 million net operating loss carryforward as of December 31, 2025, protected by a 4.99% beneficial ownership limit.
  • The company expects to receive over $9.0 million in gross proceeds from two real estate sale-leaseback transactions to improve 2027 profitability.
Company
Star Equity Holdings, Inc.
Keywords
Nasdaq:STRR, Star Equity Holdings, Inc.