The significant adjusted EPS miss and lack of guidance raise concerns about near-term profitability, especially in Building Solutions and Business Services. Monitor for any guidance updates or M&A announcements that could alter the trajectory. The $215M NOL provides a tax shield but does not offset operational losses.
Price Chart
Executive Summary
Star Equity Holdings reported Q2 2026 revenue of $54.9M (+54.6% YoY but -7% pro forma) and adjusted EPS of -$0.15, missing the Street consensus of -$0.07 by 114%. Net loss attributable to common shareholders widened to $2.5M from $0.7M a year ago. Adjusted EBITDA improved to $2.2M from $1.3M but fell sharply from the pro forma $8.5M (which included a $5.5M investment gain). Building Solutions underperformed while Energy Services showed strength. No guidance was provided.
Key Financial Metrics
Key Facts
- Revenue $54.9M, +54.6% reported YoY but -7% on a pro forma basis vs Q2 2025
- Adjusted EPS -$0.15 vs consensus -$0.07 (miss of 114%)
- Net loss attributable to common shareholders $2.5M vs $0.7M loss a year ago
- Adjusted EBITDA $2.2M vs $1.3M in Q2 2025; pro forma adjusted EBITDA was $8.5M including a $5.5M gain
- Cash and restricted cash $8.9M at June 30, 2026, down from $10.3M at Dec 31, 2025
- Building Solutions revenue -28% pro forma; Business Services revenue +2% but gross profit -4%; Energy Services revenue +19% pro forma
- Share repurchases of $0.2M in Q2; $1.6M remaining under $3M buyback program
- $215M NOL carryforward as of Dec 31, 2025
Financial Impact
Adjusted EPS miss of 114% and pro forma revenue decline of 7% indicate deteriorating operational performance; net loss widened by $1.8M YoY.
Risk Factors
- Continued weakness in Building Solutions due to soft construction markets
- Macroeconomic headwinds pressuring Business Services talent market
- Cash burn: operating cash flow was -$1.7M in Q2 vs +$0.1M a year ago
- No forward guidance increases uncertainty
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001210708-26-000073 |
| Document: strrq22026earningsslides.htm | 0001210708-26-000073 |
| Document: strr-20260814.htm | 0001210708-26-000073 |
| Document: 0001210708-26-000073-index-headers.html | 0001210708-26-000073 |
| Document: 0001210708-26-000073-index.html | 0001210708-26-000073 |
| Document: 0001210708-26-000073.txt | 0001210708-26-000073 |
| 8-K Data (Synthetic) | 0001210708-26-000073 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Press Release | $10.04 | awaiting T+1 | — | $9.70 (−3.39%) |
Oct 19, 2026 7d ago | S-4 | $9.94 $9.79 | ▼ −1.51% | ▼ −2.03% | $9.70 (−2.41%) |
Oct 14, 2026 12d ago | 8-K | $9.99 $9.81 | ▼ −1.80% | ▼ −0.70% | $9.70 (−2.90%) |
Sep 22, 2026 4w ago | 8-K | $10.33 $10.17 | ▼ −1.50% | ▼ −1.42% | $9.70 (−6.05%) |
Aug 14, 2026 10w ago | 8-K | $9.80 $9.82 | ▼ −0.20% | ▼ −0.68% | $9.70 (+1.02%) |
Aug 7, 2026 11w ago | Press Release | $11.30 $11.30 | ▲ +0.01% | ▲ +0.04% | $9.70 (−14.16%) |
Jun 29, 2026 17w ago | 8-K | $10.66 $10.73 | ▲ +0.66% | ▲ +0.79% | $9.70 (−9.01%) |
Jun 15, 2026 19w ago | Insider Cluster | $11.05 $11.08 | ▲ +0.27% | ▲ +1.52% | $9.70 (−12.22%) |
Jun 12, 2026 19w ago | Insider Cluster | $11.02 $11.05 | ▲ +0.27% | ▲ +0.87% | $9.70 (−11.98%) |
Jun 12, 2026 19w ago | Insider Cluster | $11.02 $11.05 | ▲ +0.27% | ▲ +0.87% | $9.70 (−11.98%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers