Star Equity Holdings, Inc. filed a Form 8-K on October 14, 2026, to furnish an updated investor presentation. The document, dated October 14, 2026, and prepared as of June 30, 2026, is available on the company’s website and serves as Exhibit 99.1 to the filing.
The presentation outlines the company’s strategic vision for 2030, projecting a significant increase in Adjusted EBITDA. Star Equity currently reports a Q2 2026 trailing twelve-month (TTM) pro forma Adjusted EBITDA of approximately $5.9 million. The company projects this metric to grow to $40 million by 2030.
The company attributes this growth to a combination of organic expansion and acquisitions. Star Equity anticipates organic growth of $40 million in Adjusted EBITDA by 2030, with any future acquisitions described as additive to this figure. The company also plans to monetize non-cash generating assets valued at more than $20 million over the next few years.
Financial metrics as of the presentation date include a market capitalization of $36.0 million and a common stock price of $9.75. The company reported approximately $8.9 million in cash and $14.1 million in total debt on operating businesses as of June 30, 2026. The company holds $215 million in net operating loss (NOL) carryforwards, which it states could result in future cash tax savings of approximately $45 million.
Star Equity has a history of share repurchases, having spent approximately $11 million on these activities since 2019. This includes a block purchase of approximately 8% of the company’s shares in Q3 2025.
