Press release 📈 Stocks 🌍 United States

Star Equity Holdings Targets $40M Adj. EBITDA by 2030 in Investor Update

Star Equity Holdings outlines a path to $40 million in Adjusted EBITDA by 2030, leveraging $215 million in NOLs and a strategy focused on organic growth, asset optimization, and potential acquisitions.

📅 November 13, 2026 🕐 1 min read

1 assets impacted (Stocks). Net bias: 0 Bullish, 0 Bearish, 1 Neutral. Strongest signal: STRR → 2/10 (60% confidence).

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STRR

Neutral 🤖 60%

📅 Short-term 🌍 US · Explicit

This is an investor presentation restating known facts: Q3 2026 TTM figures ($215.7M revenue, $4.3M Adj. EBITDA, -$1.52 Adj. EPS), $215M usable NOLs (~$12.22/share potential tax savings), ~$11M repurchased since 2019 and a ~36% insider stake. It sets aspirational 2030 targets ($40M Adj. EBITDA) but discloses no new results, transactions or terms. The proposed Harte Hanks merger appears only as a risk factor, adding uncertainty rather than a concrete catalyst.

Catalysts

• Reiterated 2030 goal of $40M Adj. EBITDA versus $4.3M Q3 2026 TTM
• Stated plan to monetize $20M+ of non-cash generating assets

Risk Factors

• Harte Hanks merger may be delayed or not completed, with transaction costs payable even if it fails
• Historically low trading volume and stock price volatility cited

🧭 Full analysis of these assets

🎯 Key Takeaways

Star Equity reported Q3 2026 TTM revenue of $215.7 million and Adjusted EBITDA of $4.3 million.
The company aims to increase Adjusted EBITDA to $40 million by 2030 through organic growth and acquisitions.
Management plans to monetize over $20 million of non-cash generating assets in the coming years.
The firm holds $215 million in usable NOLs, representing potential future tax savings of approximately $45 million.
Insiders maintain a stake of approximately 36% as of September 30, 2026.

📝 Executive Summary

Star Equity Holdings released an investor presentation reiterating its long-term strategic goals, including a target to grow Adjusted EBITDA to $40 million by 2030. The company reported Q3 2026 TTM revenue of $215.7 million and Adjusted EBITDA of $4.3 million, while highlighting $215 million in usable net operating losses as a key tax-efficient asset.

❓ FAQ

Does this filing change Star Equity's financial outlook?

No. It is a November 2026 investor presentation repeating Q3 2026 TTM figures ($215.7M revenue, $4.3M Adj. EBITDA) and long-term goals like $40M Adj. EBITDA by 2030, without new hard results or deal terms.

Why is the Harte Hanks deal mentioned?

Only as a risk factor: the presentation warns financing, stockholder approval or closing conditions may not be satisfied and integration costs may occur whether or not the merger completes.

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