Earnings Releases·Nov 12, 2026, 8:52 AM ET

Star Equity Holdings — Q3 2026 Earnings Summary

Total revenue increased 12.4% year-over-year to $53.9 million, while net loss widened to $2.2 million ($0.60 per diluted share) from $1.8 million in the prior year quarter; adjusted EBITDA rose to $1.5 million from $1.3 million, and operating cash flow improved significantly to $0.9 million from a $2.7 million outflow.
Management anticipates profitability improvements in 2027 and expects over $9.0 million in gross proceeds from two sale-leaseback transactions on non-cash-generating real estate assets.
Strategic activity included two accretive bolt-on acquisitions (including Cornerstone RPO for HTS and a machine shop for Energy Services) and the repurchase of 28,736 shares for approximately $0.3 million, with $1.3 million remaining under the authorized program.
Segment performance varied: Building Solutions saw backlog growth to $11.4 million despite market softness, Business Services revenue declined 8.6% to $33.8 million amid regional gross profit declines, and Energy Services maintained pro forma adjusted EBITDA growth.