Star Holdings (STHO) Cost of Revenue (2022 - 2026)
Star Holdings (STHO) reported Cost of Revenue of $14.06 million for Q2 2026, down 71.5% from $49.35 million a year earlier and down 53.4% from the prior quarter.
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Analysis
Star Holdings (STHO) Cost of Revenue (2022 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Star Holdings' Cost of Revenue came in at $78.76 million, down 40.2% year-over-year; for FY2025, it was $107.23 million, down 26.4% from FY2024.
- Cost of Revenue has declined for four consecutive years, with a four-year compound annual growth rate of -27.5% (FY2021 to FY2025).
- By year, Cost of Revenue came in at $145.64 million in FY2024 (-15.9%), $173.11 million in FY2023 (-2.1%), $176.74 million in FY2022 (-54.6%) and $389.09 million in FY2021.
- The Q2 2026 figure ranks as the lowest quarterly Cost of Revenue in data going back to Q1 2022.
- Year over year, Cost of Revenue gained in 1 of the last eight quarters, with an average decline of 31.4%.
- The high point for year-over-year Cost of Revenue in five years was Q4 2023 (growth of 101.3%); the low point was Q2 2026 (a decline of 71.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $30.15 million (Q1 2026), $14.6 million (Q4 2025) and $19.95 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 23.35 Bn | 22.18 Bn | - | - |
| 2 | LandBridge | 6.08 Bn | 6.42 Bn | - | - |
| 3 | St Joe | 3.85 Bn | 3.35 Bn | 73.42 Mn | 85.41 Mn |
| 4 | ETF Managers Trust | 3.80 Bn | -3.56 Bn | - | - |
| 5 | Millrose Properties | 3.68 Bn | 3.32 Bn | - | - |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.22 Bn | 2.03 Bn | - | - |
| 7 | Opendoor Technologies | 1.92 Bn | -1.90 Bn | 86.00 Mn | 797.00 Mn |
| 8 | Star Holdings | 90.73 Mn | -79.87 Mn | 5.31 Mn | 14.06 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.06 Mn |
| Mar 31, 2026 | 30.15 Mn |
| Dec 31, 2025 | 14.60 Mn |
| Sep 30, 2025 | 19.95 Mn |
| Jun 30, 2025 | 49.35 Mn |
| Mar 31, 2025 | 23.32 Mn |
| Dec 31, 2024 | 29.91 Mn |
| Sep 30, 2024 | 29.13 Mn |
| Jun 30, 2024 | 50.19 Mn |
| Mar 31, 2024 | 36.42 Mn |
| Dec 31, 2023 | 56.92 Mn |
| Sep 30, 2023 | 49.57 Mn |
| Jun 30, 2023 | 37.15 Mn |
| Mar 31, 2023 | 29.57 Mn |
| Dec 31, 2022 | 28.28 Mn |
| Sep 30, 2022 | 49.00 Mn |
| Jun 30, 2022 | 60.59 Mn |
| Mar 31, 2022 | 38.87 Mn |
API Access
Star Holdings Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=STHO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "STHO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=STHO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();