Star Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	7.61	7.43	6.9	6.74	12.86	16.82
Service and Other Revenue	108.85	102.72	106.4	116.32	111.22	255.35
Revenue	116.46	110.14	113.3	123.05	124.08	272.18
Revenue Growth (YoY)	13.63%	-2.78%	-7.93%	-0.83%	-54.41%	-
Property Expenses	51.49	49.67	48.26	47.75	49.9	45.13
Service and Other Expenses	31.27	28.76	48.67	62.66	63.44	171.96
Total Property Expenses	82.76	78.43	96.94	110.41	113.34	217.09
Gross Profit	33.7	31.71	16.36	12.64	10.73	55.09
Selling, General & Admin	13.13	14.56	21.12	36.2	10.94	46.34
Depreciation & Amortization Expenses	6.47	5.22	4.33	4.57	4.91	6.49
Other Operating Expenses	0.39	-0.53	0.69	2.53	59.97	-6.89
Operating Income	13.72	12.47	-9.78	-30.66	-65.08	9.15
Net Gains on Disposal of Properties	-	-	3.7	-	25.19	26.32
Interest Income	-70.18	-64.77	-66.53	-140.57	45.63	101.1
Interest Expense	-20.69	-18.37	-15.75	-22.97	-42.04	-51.37
Other Non-Operating Income (Expense)	-	-0.07	-	-2.09	-	-
Total Non-Operating Income (Expense)	-90.88	-83.21	-78.58	-165.63	28.77	76.05
Pretax Income	-62.7	-70.75	-88.36	-196.29	-36.31	85.2
Provision for Income Taxes	0.03	0.03	0	-	-	22.53
Net Income	-66.9	-64.25	-86.76	-196.36	-36.35	62.75
Minority Interest in Earnings	10.29	6.53	1.61	-0.07	-0.04	0.07
Net Income to Common	-66.9	-64.25	-86.76	-196.36	-36.35	62.75
Shares Outstanding (Basic)	13	13	13	13	13	13
Shares Outstanding (Diluted)	13	13	13	13	13	13
Shares Change (YoY)	-3.81%	-1.58%	-	-	-	-
EPS (Basic)	-5.17	-4.90	-6.51	-14.74	-2.73	4.71
EPS (Diluted)	-5.17	-4.90	-6.51	-14.74	-2.73	4.71
Shares Outstanding	12.08	12.32	13.32	13.32	-	-
Free Cash Flow	-50.72	-66.45	-67.22	-32.77	-49.84	-16.07
Free Cash Flow Per Share	-3.96	-5.07	-5.05	-2.46	-3.74	-1.21
Gross Margin	28.94%	28.79%	14.44%	10.27%	8.65%	20.24%
Operating Margin	11.78%	11.32%	-8.63%	-24.92%	-52.45%	3.36%
Profit Margin	-66.28%	-64.26%	-77.99%	-159.52%	-29.26%	23.03%
FCF Margin	-43.55%	-60.33%	-59.33%	-26.63%	-40.17%	-5.91%
EBITDA	20.18	17.68	-5.45	-26.09	-60.17	15.64
EBITDA Margin	17.33%	16.05%	-4.81%	-21.20%	-48.49%	5.75%
EBIT	13.72	12.47	-9.78	-30.66	-65.08	9.15
EBIT Margin	11.78%	11.32%	-8.63%	-24.92%	-52.45%	3.36%
Effective Tax Rate	-0.04%	-0.04%	-0.00%	0.00%	0.00%	26.44%

Updated May 8, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q