Star Equity Holdings, Inc. (formerly Hudson Global, Inc.) reported a significant increase in financial performance for the fiscal year ended December 31, 2025, with total revenue reaching $172.2 million, a 22.9% increase from $140.1 million in 2024. This growth was primarily driven by the acquisition of Star Operating Companies, which contributed approximately 23 percentage points to the revenue increase. Gross profit also rose to $79.9 million, up from $70.2 million in the previous year, reflecting a 13.9% increase. However, the company reported a net loss attributable to common shareholders of $6.7 million, compared to a loss of $4.8 million in 2024.
The acquisition of Star Operating Companies on August 22, 2025, marked a pivotal strategic development for Star Equity, allowing the company to expand its operational footprint across its four reportable segments: Building Solutions, Business Services, Energy Services, and Investments. The merger involved a stock exchange where SOC shareholders received shares of Star common stock and preferred stock, effectively integrating SOC's operations into Star's existing structure. Additionally, the company amended its Certificate of Incorporation to reflect its new name and issued preferred stock as part of the merger agreement.
Operationally, Star Equity employed approximately 1,200 individuals globally, with around 950 in its Business Services segment. The company serves a diverse client base, with 73% of its revenue generated from its top 25 clients in 2025, down from 85% in 2024. The Business Services segment, which includes Hudson Talent Solutions, reported a slight revenue decrease to $139.7 million, attributed to fluctuating demand for recruitment services amid challenging market conditions. The Energy Services segment, however, saw a revenue increase to $4.9 million, benefiting from improved oil prices and increased customer activity.
Looking ahead, Star Equity's management expressed optimism about future growth, emphasizing ongoing efforts to enhance market position and profitability. The company plans to continue exploring strategic alternatives, including potential acquisitions and organic growth initiatives, while monitoring market conditions for opportunities to repurchase shares. Despite the challenges posed by inflation and economic uncertainty, management believes that the demand for its services remains strong, and the integration of SOC will further bolster its operational capabilities.
About Hudson Global, Inc.
Hudson Global, Inc. is a leading provider of total talent solutions, specializing in Recruitment Process Outsourcing (RPO) and staffing services for mid-to-large multinational clients worldwide. The company offers customized recruitment, contracting, and professional staffing services across multiple regions, leveraging technology and industry expertise. Its core value lies in delivering tailored, scalable talent acquisition strategies to support clients' growth and workforce needs.
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