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Star Equity Holdings reports Q1 2026 revenue up 57%, but net loss widens to $4.4M amid startup delays and market softness.

Company Fundamentals
11 May 2026
GlobeNewsWire
View Source
Neutral
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Star Equity Holdings announced a 57.1% revenue increase to $50.1 million in Q1 2026 compared to the prior year, driven by growth in its Business Services and Energy Services divisions. However, the company reported a net loss of $4.4 million, wider than the $1.8 million loss in Q1 2025, due to startup delays in new projects and challenging market conditions affecting its Building Solutions and Business Services divisions. Despite these setbacks, Energy Services showed strong momentum, and the company secured new business contracts, including a $4.2 million multifamily housing project. Star Equity remains focused on cost management, operational improvements, and strategic M&A to improve profitability and shareholder value going forward.

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