Star Equity Reports Q2 2026 Earnings with Revenue Growth but Continued Net Loss
Star Equity (STRR) reported second-quarter earnings for 2026, showing total revenue of $54.9 million—a 54.6% increase compared to the same period in 2025. Despite this growth, the company posted a net loss attributable to common shareholders of $2.5 million or $0.66 per diluted share, worsening from a prior-year loss of $0.7 million. Adjusted EBITDA rose to $2.2 million compared to $1.3 million in Q2 2025 but fell short of the pro forma figure of $8.5 million last year. The Business Services segment grew by just 2% despite market pressures, while Building Solutions revenue declined due to construction sector softness and project timing issues. Energy Services showed strong performance with a 19% increase in revenue driven by higher tool utilization and new client wins. Star Equity also announced plans for the Harte Hanks acquisition at $5 per share, valued around $38 million.
Topics: adjusted_ebitda building_solutions business_services energy_services net_loss revenue