Star Holdings (STHO) Operating Expenses (2022 - 2026)
Star Holdings (STHO) posted Operating Expenses of $21.6 million for Q2 2026, down 34.98% on a QoQ basis from $33.2 million in Q1 2026, and down 44.65% year-over-year from $39.0 million in Q2 2025.
Analysis
Star Holdings (STHO) Operating Expenses (2022 - 2026) Analysis & Trends
Star Holdings has reported Operating Expenses for 5 years, with the latest figure at $21.6 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 44.65% year-over-year to $21.6 million in Q2 2026; TTM through Jun 2026 was $106.0 million, a 16.11% decrease from a year earlier, with the FY2025 full-year figure at $116.0 million, down 16.41% from the prior year.
- Operating Expenses was $21.6 million for Q2 2026 at Star Holdings, down from $33.2 million in the prior quarter.
- The five-year high for Operating Expenses was $70.8 million in Q4 2022, with the low at $21.6 million in Q2 2026.
- Average Operating Expenses over 5 years is $39.9 million, with a median of $38.7 million recorded in 2023.
- The sharpest annual moves came in 2023 and 2026: Operating Expenses slumped 45.63% in 2023, then advanced 28.59% in 2026.
- Over 5 years, Operating Expenses stood at $70.8 million in 2022, then slumped by 34.16% to $46.6 million in 2023, then sank by 33.85% to $30.8 million in 2024, then slipped by 21.31% to $24.3 million in 2025, then slipped by 10.96% to $21.6 million in 2026.
- The last three Operating Expenses figures came in at $21.6 million (Q2 2026), $33.2 million (Q1 2026), and $24.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 25.25 Bn | 25.00 Bn | - | 54.24 Mn |
| 2 | Eason Technology | 6.05 Bn | 6.05 Bn | - | - |
| 3 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.85 Bn | 2.85 Bn | - | -9.30 Mn |
| 4 | Opendoor Technologies | 2.70 Bn | 1.80 Bn | 86.00 Mn | 230.00 Mn |
| 5 | LandBridge | 2.41 Bn | 2.37 Bn | 65.51 Mn | 15.90 Mn |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn | 109.70 Mn |
| 7 | Frp Holdings | 423.91 Mn | 423.91 Mn | - | 9.62 Mn |
| 8 | American Realty Investors | 251.43 Mn | 251.43 Mn | - | 15.42 Mn |
| 9 | Belpointe PREP | 187.01 Mn | 187.01 Mn | - | 3.00 Mn |
| 10 | Star Holdings | 114.77 Mn | 79.96 Mn | 5.31 Mn | 21.61 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.61 Mn |
| 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 | 46.84 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 |