Star Equity Holdings, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $172.2M | $140.1M | $161.3M | $200.9M | $169.2M | $101.4M | $93.8M | $66.9M |
| Cost of Revenue | $92.3M | $69.9M | — | — | — | — | — | $24.8M |
| Gross Profit | $79.9M | $70.2M | — | — | — | — | — | $42.1M |
| Gross Margin | 46.4% | 50.1% | — | — | — | — | — | 62.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $14.8M | $10.7M | $10.9M | $10.3M | $8.1M | $6.6M | $8.1M | $9.7M |
| Operating Income | $-3.7M | $-3.8M | $1.4M | $9.3M | $4.4M | $-2.6M | $-1.7M | $-5.2M |
| Operating Margin | -2.1% | -2.7% | 0.9% | 4.6% | 2.6% | -2.6% | -1.8% | -7.8% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-3.9M | $-3.5M | $2.6M | $9.5M | $4.3M | $-708.0K | $-1.4M | $-5.2M |
| Income Tax Expense | $2.1M | $1.3M | $370.0K | $2.3M | $1.1M | $535.0K | $-540.0K | $99.0K |
| Net Income | $-5.9M | $-4.8M | $2.2M | $7.1M | $3.2M | $-1.2M | $-955.0K | $7.9M |
| Net Margin | -3.4% | -3.4% | 1.4% | 3.5% | 1.9% | -1.2% | -1.0% | 11.8% |
| EPS (Basic) | $-1.85 | $-1.59 | $0.72 | $2.37 | $1.11 | $-0.43 | $-0.30 | $2.39 |
| EPS (Diluted) | $-1.85 | $-1.59 | $0.70 | $2.27 | $1.07 | $-0.43 | $-0.30 | $2.39 |
| Shares Outstanding (Basic) | 3.2M | 3.0M | 3.1M | 3.0M | 2.9M | 2.9M | 3.1M | 3.3M |
| Shares Outstanding (Diluted) | 3.2M | 3.0M | 3.1M | 3.1M | 3.0M | 2.9M | 3.1M | 3.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |