Star Equity Q2 revenue up 54.6% to $54.9M but net loss widens to $2.5M

Star Equity Holdings, Inc.

Revenue $54.9M, +54.6% YoY; gross profit $22.8M, +22.3%.
Net loss attributable to common shareholders $2.5M ($0.66/diluted) vs $0.7M loss ($0.23) in Q2 2025; adjusted EPS -$0.15 vs +$0.20.
Adjusted EBITDA $2.2M vs $1.3M; pro forma adjusted EBITDA $8.5M incl $5.5M gain.
Building Solutions backlog $10.6M, up from $8.0M; Energy Services revenue +19% to $3.9M.
Cash $8.9M; repurchased 15,833 shares for $0.2M; $215M NOL.

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