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Star Holdings (STHO) Fundamental Analysis & AI Grade 2026

STHO Nasdaq Lessors of Real Property, NEC MD CIK: 0001953366
Updated This Month • Analysis: May 13, 2026 • SEC Data: 2026-03-31
Combined AI Grade
D
82% Confidence
N/A
D
82% Conf
Pending
Analysis scheduled

📊 STHO Key Takeaways

Revenue: $20.9M
Net Margin: -49.0%
Free Cash Flow: $-8.4M
Current Ratio: N/A
Debt/Equity: 0.87x
EPS: $-0.85
AI Grade: D with 82% confidence
Star Holdings (STHO) receives a D fundamental grade with 82% confidence from our AI analysis based on SEC 10-K filings. With revenue of $20.9M, net profit margin of -49.0%, and return on equity (ROE) of -4.3%, Star Holdings demonstrates mixed fundamentals in the Market sector. Below is our complete STHO stock analysis for 2026.

Is Star Holdings (STHO) a Good Investment?

Claude

Star Holdings exhibits severe financial distress with operating losses of $70.7M against $20.9M revenue (−337.8% operating margin) and negative operating cash flow of −$8.4M. The company cannot service $207M debt from operations (−7.0x interest coverage) and is burning cash despite declining revenue.

Star Holdings Key Strengths (STHO)

Claude
  • + EPS improved 24.7% YoY indicating some operational progress toward break-even
  • + Moderate debt-to-equity ratio of 0.87x relative to peer sector risks
  • + $46.4M cash provides near-term liquidity runway for restructuring

STHO Stock Risks: Star Holdings Investment Risks

Claude
  • ! Operating losses of $70.7M are 3.4x annual revenue—core business fundamentally unprofitable
  • ! Negative interest coverage (−7.0x) means debt service cannot be funded from operations
  • ! Negative operating cash flow of −$8.4M shows ongoing cash burn with no path visible
  • ! Revenue declining 2.8% YoY with deteriorating operational metrics
  • ! Debt burden of $207M unsustainable relative to negative earnings and cash flow

Key Metrics to Watch

Claude
  • * Operating income path to profitability and timeline for positive EBIT
  • * Operating cash flow trend—acceleration or stabilization of cash burn rate
  • * Revenue stabilization and gross margin recovery by segment
  • * Debt restructuring announcements or refinancing activity

Star Holdings (STHO) Financial Metrics & Key Ratios

Revenue
$20.9M
Net Income
$-10.3M
EPS (Diluted)
$-0.85
Free Cash Flow
$-8.4M
Total Assets
$480.4M
Cash Position
$46.4M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

STHO Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -337.8%
Net Margin -49.0%
ROE -4.3%
ROA -2.1%
FCF Margin -40.1%

STHO vs Market Sector: How Star Holdings Compares

How Star Holdings compares to Market sector averages

Net Margin
STHO -49.0%
vs
Sector Avg 12.0%
STHO Sector
ROE
STHO -4.3%
vs
Sector Avg 15.0%
STHO Sector
Current Ratio
STHO 0.0x
vs
Sector Avg 1.8x
STHO Sector
Debt/Equity
STHO 0.9x
vs
Sector Avg 0.7x
STHO Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Star Holdings Stock Overvalued? STHO Valuation Analysis 2026

Based on fundamental analysis, Star Holdings shows some fundamental concerns relative to the Market sector in 2026.

Return on Equity
-4.3%
Sector avg: 15%
Net Profit Margin
-49.0%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.87x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Star Holdings Balance Sheet: STHO Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
0.87x
Debt/Assets
50.0%
Interest Coverage
-7.01x
Long-term Debt
$207.0M

STHO Revenue & Earnings Growth: 5-Year Financial Trend

STHO 5-year financial data: Year 2023: Revenue $272.2M, Net Income $62.7M, EPS $4.71. Year 2024: Revenue $124.1M, Net Income -$36.3M, EPS $-2.73. Year 2025: Revenue $123.1M, Net Income -$196.4M, EPS $-14.74.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Star Holdings's revenue has declined by 55% over the 5-year period, indicating business contraction. The most recent EPS of $-14.74 indicates the company is currently unprofitable.

STHO Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-40.1%
Free cash flow / Revenue

STHO Quarterly Earnings & Performance

Quarterly financial performance data for Star Holdings including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $14.6M -$7.6M $-0.57
Q3 2025 $24.6M $1.8M $0.14
Q2 2025 $30.6M -$27.1M $-2.04
Q1 2025 $14.6M -$7.6M $-0.57
Q3 2024 $24.6M $15.8M $1.19
Q2 2024 $25.5M -$27.1M $-2.04
Q1 2024 $16.8M -$49.0M $-3.68
Q3 2023 $38.4M -$3.9M $-0.29

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Star Holdings Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$8.4M
Cash generated from operations
Stock Buybacks
$2.0M
Shares repurchased (TTM)
Dividends
None
No dividend program

STHO SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Star Holdings (CIK: 0001953366)

📋 Recent SEC Filings

Date Form Document Action
May 22, 2026 8-K tm2615375d1_8k.htm View →
May 8, 2026 8-K stho-20260508x8k.htm View →
May 8, 2026 10-Q stho-20260331x10q.htm View →
Apr 7, 2026 DEF 14A stho-20260521xdef14a.htm View →
Apr 1, 2026 8-K stho-20260327x8k.htm View →

Frequently Asked Questions about STHO

What is the AI rating for STHO?

Star Holdings (STHO) has an AI grade of D with 82% confidence, based on fundamental analysis of SEC EDGAR filings.

What are STHO's key strengths?

Claude: EPS improved 24.7% YoY indicating some operational progress toward break-even. Moderate debt-to-equity ratio of 0.87x relative to peer sector risks.

What are the risks of investing in STHO?

Claude: Operating losses of $70.7M are 3.4x annual revenue—core business fundamentally unprofitable. Negative interest coverage (−7.0x) means debt service cannot be funded from operations.

What is STHO's revenue and growth?

Star Holdings reported revenue of $20.9M.

Does STHO pay dividends?

Star Holdings does not currently pay dividends.

Where can I find STHO SEC filings?

Official SEC filings for Star Holdings (CIK: 0001953366) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is STHO's EPS?

Star Holdings has a diluted EPS of $-0.85.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is STHO's fundamental grade?

Based on our AI fundamental analysis in May 2026, Star Holdings has a D grade with 82% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is STHO stock overvalued or undervalued?

Valuation metrics for STHO: ROE of -4.3% (sector avg: 15%), net margin of -49.0% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is STHO's AI grade for 2026?

Our dual AI analysis gives Star Holdings a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is STHO's free cash flow?

Star Holdings's operating cash flow is $-8.4M, with capital expenditures of N/A. FCF margin is -40.1%.

How does STHO compare to other Market stocks?

Vs Default sector averages: Net margin -49.0% (avg: 12%), ROE -4.3% (avg: 15%), current ratio N/A (avg: 1.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 13, 2026 | Data as of: 2026-03-31 | Powered by Claude AI