The large net loss relative to market cap raises solvency concerns; monitor upcoming asset sales and loan repayments for cash flow sustainability. The mark-to-market loss on SAFE shares introduces volatility — watch SAFE's stock price for further impairments.
Price Chart
Executive Summary
Star Holdings reported a Q1 2026 net loss of $10.3M ($0.85 per share), driven partly by a $2.2M non-cash mark-to-market adjustment on its SAFE investment. The loss represents ~9.6% of the company's $107M market cap, a significant negative result. No revenue or guidance was provided.
Key Financial Metrics
Key Facts
- Net loss attributable to common shareholders of $10.3 million for Q1 2026
- EPS of ($0.85), including a $0.18 per share non-cash mark-to-market adjustment on SAFE shares
- Repurchased 0.2 million shares for $2.0 million at an average price of $8.45
- Received loan repayments totaling $13.7 million during the quarter
Financial Impact
Net loss of $10.3 million, approximately 9.6% of market cap
Risk Factors
- Continued losses eroding equity value
- Further mark-to-market losses on SAFE investment
- Inability to generate positive cash flow from asset sales
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001953366-26-000011 |
| Document: stho-20260508xex99d1.htm | 0001953366-26-000011 |
| Document: 0001953366-26-000011-index-headers.html | 0001953366-26-000011 |
| Document: 0001953366-26-000011-index.html | 0001953366-26-000011 |
| Document: 0001953366-26-000011.txt | 0001953366-26-000011 |
| 8-K Data (Synthetic) | 0001953366-26-000011 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 8-K | $8.30 | awaiting T+60 | — | $7.52 (−9.40%) |
Aug 7, 2026 11w ago | Press Release | $9.44 | awaiting T+60 | — | $7.52 (−20.34%) |
Aug 3, 2026 12w ago | 8-K | $9.24 | awaiting T+60 | — | $7.52 (−18.61%) |
May 8, 2026 24w ago | 8-K | $8.75 $9.38 | ▼ −7.20% | ▼ −2.81% | $7.52 (+14.06%) |
Apr 7, 2026 28w ago | DEFA14A | $8.09 $9.23 | ▲ +14.09% | ▲ +3.63% | $7.52 (−7.05%) |
US Market Status
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