Star Equity Holdings, formerly Hudson Global, reported its third‑quarter 2025 financial results, the first earnings release under the new name following the August 22 merger that created a diversified holding company structure. The company posted a net income per diluted share of $0.02, a turnaround from the $0.13 loss recorded in Q3 2024, and total revenue of $47.9 million, with adjusted EBITDA of $2.4 million.
Segment performance was led by Business Services, which generated $37.0 million in revenue and $1.7 million in adjusted EBITDA. Building Solutions contributed $9.6 million in revenue and $0.6 million in adjusted EBITDA, while Energy Services added $1.3 million in revenue and $0.1 million in adjusted EBITDA, underscoring the company’s diversified revenue mix.
The company highlighted the utilization of $240 million in U.S. federal net operating losses and the completion of a $5 million share‑repurchase program, actions that enhance shareholder value and improve tax efficiency.
The merger’s impact is evident in the positive earnings momentum: the company’s ability to turn a profit and sustain adjusted EBITDA growth across its segments signals that the anticipated synergies and cost efficiencies are materializing. This performance positions Star Equity Holdings favorably for future expansion and reinforces the strategic rationale behind the diversified holding company model.
While the release does not provide forward guidance, the results demonstrate a clear shift toward profitability and a more balanced revenue base. The company’s focus on leveraging its net operating losses and maintaining disciplined cost management should support continued earnings growth in subsequent quarters.
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