SequelSEC

Star Holdings STHO

Lessors of Real Property, NEC · CIK 0001953366 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$110.14M
Fiscal year ended 2025-12-31
Operating income
Unavailable
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$100.00MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$8.27Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / revenue0.9×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.4×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Star Holdings (STHO) reported revenue of $110.14M and net income of -$64.25M for the fiscal year ended 2025-12-31. This page shows 5 annual periods of income statement, balance sheet and cash flow figures normalized from Star Holdings’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Lessors of Real Property, NEC.

Income

Star Holdings income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue$110.14M$113.30M$123.05M$124.08M$272.18M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailableUnavailable
Net income-$64.25M-$86.76M-$196.36M-$36.35M$62.74M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 13.11Mshares 13.32Mshares 13.32Mshares 13.32Mshares 13.32M
Pretax income-$70.75M-$88.36M-$196.29M-$36.31M$85.20M
Income tax expense$27.00K$2.00KUnavailableUnavailable$22.53M
Diluted EPS$-4.90$-6.51$-14.74$-2.73$4.71
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$14.56M$21.12M$36.20M$10.94M$46.34M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Star Holdings balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Cash & equivalents$50.08M$34.96M$50.66M$4.23M$15.50M
Total assets$570.20M$608.66M$669.20M$1.01BUnavailable
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$304.33M$263.66M$235.36M$33.10MUnavailable
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$265.87M$345.00M$433.84M$972.27M$1.22B
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt$268.72M$217.35M$192.90MUnavailableUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

Star Holdings cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Operating cash flow-$11.66M-$31.29M-$18.72M-$27.36M$8.53M
Capital expendituresUnavailableUnavailableUnavailableUnavailableUnavailable
Investing cash flow-$1.54M$306.00K$186.02M$236.06M$673.12M
Financing cash flow$34.83M$15.82M-$114.06M-$218.30M-$676.43M
Net change in cash$21.63M-$15.17M$53.24M-$9.60M$5.22M
Stock-based compensationUnavailableUnavailable$1.78M-$11.81M$23.36M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchases$7.95MUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$5.22M$4.33M$4.57M$4.91M$6.49M

Derived

Star Holdings derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailable
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenueUnavailableUnavailable1.4%-9.5%8.6%
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growth-2.8%-7.9%-0.8%-54.4%Unavailable
Net margin-58.3%-76.6%-159.6%-29.3%23.1%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equity1.01xUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailable26.4%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open STHO in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-07View SEC filing
10-Q · Filed 2026-05-08View SEC filing
10-K · Filed 2026-02-17View SEC filing
10-Q · Filed 2025-11-07View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-12View SEC filing

Companies in the same industry

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.