Star Holdings (STHO) Operating Expenses (2022 - 2026)
Star Holdings (STHO) recorded quarterly Operating Expenses of $33.2 million in Q1 2026, up 36.93% quarter-over-quarter from $24.3 million in Q4 2025, and up 28.59% on a YoY basis from $25.8 million in Q1 2025.
Star Holdings (STHO) Operating Expenses (2022 - 2026) Analysis & Trends
Star Holdings' Operating Expenses history runs 5 years deep, the most recent figure standing at $33.2 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 28.59% year-over-year to $33.2 million; the TTM figure through Mar 2026 stood at $123.4 million (down 3.64% YoY), while the FY2025 annual figure was $116.0 million, down 16.41% from the prior year.
- Operating Expenses was $33.2 million for Q1 2026 at Star Holdings, up from $24.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $75.9 million in Q1 2023 to a low of $24.3 million in Q4 2025.
- Historically, Operating Expenses has averaged $42.6 million across 5 years, with a median of $39.0 million in 2025.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses surged 89.62% in 2023, then sank 51.81% in 2024.
- A 5-year view of Operating Expenses shows it stood at $70.8 million in 2022, then tumbled by 34.16% to $46.6 million in 2023, then slumped by 33.85% to $30.8 million in 2024, then decreased by 21.31% to $24.3 million in 2025, then jumped by 36.93% to $33.2 million in 2026.
- The last three Operating Expenses figures came in at $33.2 million (Q1 2026), $24.3 million (Q4 2025), and $26.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | IHS Holding | 45.03 Bn | 44.04 Bn | 231.80 | -120.70 Mn |
| 2 | Cbre | 38.54 Bn | 37.33 Bn | 1.85 Bn | - |
| 3 | Costar | 14.00 Bn | 12.72 Bn | 701.00 Mn | 698.00 Mn |
| 4 | Jones Lang Lasalle | 13.85 Bn | 13.53 Bn | - | 6.18 Bn |
| 5 | KE Holdings | 7.04 Bn | 4.80 Bn | 661.06 Mn | -476.55 Mn |
| 6 | Compass | 5.66 Bn | 5.19 Bn | 2.31 Bn | 3.06 Bn |
| 7 | Opendoor Technologies | 4.24 Bn | 4.17 Bn | 72.00 Mn | 231.00 Mn |
| 8 | Cushman & Wakefield | 3.11 Bn | 2.51 Bn | 420.70 Mn | 2.48 Bn |
| 9 | Newmark | 2.67 Bn | 2.62 Bn | - | 820.20 Mn |
| 10 | Star Holdings | 109.24 Mn | 64.13 Mn | 1.40 Mn | 33.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 33.24 Mn |
| Dec 31, 2025 | 24.27 Mn |
| Sep 30, 2025 | 26.89 Mn |
| Jun 30, 2025 | 39.04 Mn |
| Mar 31, 2025 | 25.85 Mn |
| Dec 31, 2024 | 30.84 Mn |
| Sep 30, 2024 | 30.63 Mn |
| Jun 30, 2024 | 40.79 Mn |
| Mar 31, 2024 | 36.57 Mn |
| Dec 31, 2023 | 46.63 Mn |
| Sep 30, 2023 | 44.88 Mn |
| Jun 30, 2023 | 38.35 Mn |
| Mar 31, 2023 | 75.88 Mn |
| Dec 31, 2022 | 70.82 Mn |
| Sep 30, 2022 | 49.84 Mn |
| Jun 30, 2022 | 70.53 Mn |
| Mar 31, 2022 | 40.01 Mn |