Earnings summaries and quarterly performance for HSON.
Research analysts who have asked questions during HSON earnings calls.
Recent press releases and 8-K filings for HSON.
Star Equity Holdings (HSON) CEO discusses growth strategy, M&A, and 2026 outlook
HSON
M&A
Guidance Update
New Projects/Investments
- Star Equity Holdings (HSON) is a diversified holding company with three operating divisions (Building Solutions, Business Services, Energy Services) and an Investments Division, aiming to grow from microcap to small-cap through acquiring other microcaps or private companies.
- The company recently merged with Hudson, leveraging Hudson's $240 million Net Operating Loss (NOL), and has an active M&A strategy, including a recently announced 5.4% stake in GEE Group (JOB).
- For 2026, consensus estimates project $13 million in EBITDA and approximately $240 million in revenue, with a long-term goal of $40 million in EBITDA by 2030 from organic growth.
- Star Equity Holdings prefers using cash, debt, or non-convertible preferred stock (STRR-P) with a 10% cash dividend for acquisitions, as they believe their common stock is significantly undervalued.
- The Business Services segment is making significant investments in AI services and aims to return to $100 million in gross profit and $20 million in EBITDA.
Jan 22, 2026, 3:45 PM
Star Equity Holdings Outlines Growth Strategy and M&A Activity
HSON
M&A
New Projects/Investments
Convertible Preferred Issuance
- Star Equity Holdings (HSON) is a diversified holding company with three operating divisions (Building Solutions, Business Services, Energy Services) and an Investments Division, focused on growing into small-cap status through strategic acquisitions of microcaps and private companies.
- The company projects $240 million in revenue and $13 million in EBITDA for 2026, with a long-term goal of $40 million in EBITDA by 2030 from organic growth across its operating businesses.
- HSON recently announced a 5.4% investment in Gee Group (JOB), a staffing company, after private acquisition discussions were ignored, and intends to use cash, debt, or 10% dividend preferred stock for future acquisitions, believing its common stock is undervalued.
- The Business Services division is undergoing significant investment in growth, including AI services, with a target to restore EBITDA to $20 million and potentially grow to $50 million with a 30% incremental margin.
- The company benefits from a $240 million Net Operating Loss (NOL) carried over from its merger with Hudson, which it expects to utilize effectively.
Jan 22, 2026, 3:45 PM
Star Equity Holdings Outlines Growth Strategy and 2026 Financial Projections
HSON
M&A
Guidance Update
New Projects/Investments
- Star Equity Holdings (HSON) operates as a diversified holding company with three operating divisions: Building Solutions, Business Services, and Energy Services, alongside an Investments Division. The company's strategy focuses on acquiring other microcaps or private companies to achieve growth beyond microcap status.
- The company utilizes a $240 million Net Operating Loss (NOL) from its merger with Hudson and has an internal M&A team that has completed several acquisitions and strategic investments in other microcaps.
- For 2026, consensus estimates project $240 million in revenue and $13 million in EBITDA for Star Equity Holdings. The company aims for its operating businesses to organically grow to $40 million in EBITDA by 2030.
- Acquisitions are primarily financed using cash, debt, or non-convertible preferred stock (STRR-P), which carries a 10% cash dividend and is considered a tax-favorable option for sellers.
- The Business Services division, which includes staffing, is expected to grow in 2026 (with industry forecasts of 5%-10% growth) and is actively integrating AI services to enhance its offerings and differentiate itself.
Jan 22, 2026, 3:45 PM
Star Equity Holdings Reports Strong Q3 2025 Results Driven by Recent Merger and Initiates Share Repurchase Program
HSON
Earnings
M&A
Share Buyback
- Star Equity Holdings, formerly Hudson Global, reported Q3 2025 revenue of $48 million, a 30% increase from the same quarter in 2024, largely due to the acquisition of Star Operating Companies completed on August 22, 2025.
- The company posted a net loss of $1.8 million, or $0.54 per share, but achieved a non-GAAP adjusted net income per share of $0.02 and a pro forma adjusted earnings per share of $0.19 for Q3 2025.
- Adjusted EBITDA increased to $1.3 million, with pro forma adjusted EBITDA reaching $3.1 million in Q3 2025, reflecting improved operating leverage following the merger.
- During the third quarter, the company repurchased approximately 8% of its outstanding shares and authorized a new $3 million share repurchase program.
- Management expects to realize $2 million in synergies from the merger, primarily by reducing corporate costs, with full realization anticipated within six months.
Nov 13, 2025, 3:00 PM
HSON Reports Q3 2025 Financial Results with Revenue Growth and Net Loss
HSON
Earnings
M&A
Revenue Acceleration/Inflection
- HSON reported Q3 2025 revenue of $48.0 million, marking a 30.1% increase from Q3 2024, alongside a 55.8% rise in Adjusted EBITDA to $1.3 million.
- For Q3 2025, the company recorded a net loss of $(1.8) million and Basic EPS of $(0.54).
- The Building Solutions division was a key growth driver, with its Q3 2025 revenue increasing 56.5% to $21.4 million and Adjusted EBITDA surging 287% to $2.6 million.
- The Q3 2025 results reflect the inclusion of Star Operating Companies' financials from August 22, 2025, following its acquisition, which contributed $7.0 million in acquired cash.
Nov 13, 2025, 3:00 PM
HSON (Star) Outlines 2026 Financial Projections and Growth Strategy
HSON
M&A
Guidance Update
Convertible Preferred Issuance
- HSON (Star) projects revenue over $250 million, adjusted EBITDA of at least $15 million, and earnings around $1.5 for 2026, with organic growth expected to increase EBITDA to $40 million by the end of the decade.
- The company's strategy focuses on organic growth, selective acquisitions of private companies or public microcaps, and effective capital allocation including share repurchases and asset monetization.
- Acquisitions are funded through $27 million in cash as of June 30 , undrawn credit lines, and non-convertible preferred stock (ticker STRRP) which is presented as a tax-efficient and non-dilutive currency for sellers.
- HSON (Star) operates like a publicly traded private equity firm, seeking asset-light, B2B businesses in growing, fragmented industries with strong management teams, and has recently acquired three private businesses.
Oct 20, 2025, 6:30 PM
Star Equity Holdings Discusses Growth Strategy and Financial Outlook
HSON
Guidance Update
M&A
Share Buyback
- Star Equity Holdings (HSON) projects revenue over $250 million, adjusted EBITDA of at least $15 million, and earnings around $1.50 for 2026, with organic EBITDA growth expected to reach $40 million by the end of the decade.
- The company's growth strategy centers on organic growth, selective acquisitions of asset-light, B2B businesses in fragmented industries, and effective capital allocation.
- HSON finances acquisitions using cash (with $27 million on the balance sheet as of June 30), debt, and a non-convertible preferred stock (STRRP) that offers a 10% cash yield and is used as a tax-efficient acquisition currency.
- The company has executed $10 million in share repurchases since 2020 and plans to monetize over $20 million in non-income-generating assets.
- Star Equity Holdings operates as a publicly traded private equity firm, centralizing public company costs to allow operating businesses to focus on growth.
Oct 20, 2025, 6:30 PM
Quarterly earnings call transcripts for HSON.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more