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SEGMENT AND GEOGRAPHIC DATA
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC DATA SEGMENT AND GEOGRAPHIC DATA
Segment Reporting

Corporate expenses are reported separately for the four reportable segments and pertain to certain functions, such as executive management, corporate governance, investor relations, legal, accounting, tax, and treasury. A portion of these expenses are attributed to the reportable segments for providing the above services to them, and have been allocated to the segments as management service expenses, and are included in the segments’ non-operating other income (expense). We have disclosed for each reportable segment the significant expense that is reviewed by CODM in the tables below with no additional significant expenses beyond those presented. Segment information is presented in accordance with ASC 280, “Segment Reporting.” This standard is based on a management approach that requires segmentation based upon the Company’s internal
organization and disclosure of revenue and certain expenses based upon internal accounting methods. The Company’s financial reporting systems present various data for management to run the business, including internal profit and loss statements prepared on a basis not consistent with U.S. GAAP. Accounts receivable and long-lived assets are the only significant assets separated by segment for internal reporting purposes.

Our reportable segments are based upon our internal organizational structure, the manner in which our operations are managed, the criteria used by our Chief Executive Officer, who is our Chief Operating Decision Maker (“CODM”), to evaluate segment performance, the availability of separate financial information, and overall materiality considerations. Effective as of the acquisition of SOC on August 21, 2025, our business divisions are organized into the following four reportable segments, reflecting the manner in which our CODM assesses performance and allocates resources:

1.Building Solutions
2.Business Services
3.Energy Services
4.Investments

Our reporting segments have been determined based on the nature of the products and services offered to customers or the nature of their function in the organization. We evaluate performance based on gross profit and operating income (loss). Our operating costs included in our shared service functions primarily consist of senior executive officers, finance, human resources, legal, and information technology. Star Equity shared service corporate costs have been separated from the reportable segments. Prior period presentation previously disclosed conforms to current year presentation.
Segment information for the three and nine months ended September 30, 2025 and 2024, respectively, is as follows:
Building SolutionsBusiness ServicesEnergy ServicesInvestmentsCorporate and Intersegment eliminationsTotal
For The Three Months Ended September 30, 2025
Revenues$9,603 $37,038 $1,318 $53 $(53)$47,959 
Cost of revenues7,919 18,408 972 33 — 27,332 
Gross profit (a)
1,684 18,630 346 20 (53)20,627 
Salaries and related(761)(14,570)(231)— (573)(16,135)
Office and general(488)(2,154)(158)(26)(1,993)(4,819)
Marketing and promotion(9)(901)(3)— — (913)
Operating expenses depreciation and amortization(40)(350)(8)— (6)(404)
Operating income (loss)$386 $655 $(54)$(6)$(2,625)$(1,644)
EBITDA (loss) (b)
$495 $797 $140 $(6)$(2,356)$(930)
Total depreciation and amortization(109)(350)(169)(33)(5)(666)
Interest income (expense), net(51)(128)(39)89 210 81 
Provision for income tax— (3)— — (246)(249)
Net income (loss)$335 $316 $(68)$50 $(2,397)$(1,764)
For The Nine Months Ended September 30, 2025
Revenues$9,603 $104,445 $1,318 $53 $(53)$115,366 
Cost of revenues7,919 50,782 972 33 — 59,706 
Gross profit (a)
1,684 53,663 346 20 (53)55,660 
Salaries and related(761)(42,925)(231)— (1,400)(45,317)
Office and general(488)(5,437)(158)(26)(4,067)(10,176)
Marketing and promotion(9)(2,803)(2)— — (2,814)
Operating expenses depreciation and amortization(40)(872)(8)— (12)(932)
Operating income (loss)$386 $1,626 $(53)$(6)$(5,532)$(3,579)
EBITDA (loss) (b)
$495 $1,255 $140 $(6)$(4,478)$(2,594)
Total depreciation and amortization(109)(872)(169)(33)(11)(1,194)
Interest income (expense), net(51)(406)(39)89 613 206 
Provision for income tax— (451)— — (175)(626)
Net income (loss)$335 $(474)$(68)$50 $(4,051)$(4,208)
As of September 30, 2025
Accounts receivable, net$7,416 $24,777 $3,967 $— $79 $36,239 
Long-lived assets, net of accumulated depreciation and amortization (c)
$4,309 $8,073 $6,995 $6,660 $177 $26,214 
Total assets$34,532 $45,910 $12,628 $19,524 $4,546 $117,140 
Business ServicesCorporate and Intersegment eliminationsTotal
For The Three Months Ended September 30, 2024
Revenues$36,853 $— $36,853 
Cost of revenues18,250 — 18,250 
Gross profit (a)
18,603 — 18,603 
Salaries and related(14,609)(299)(14,908)
Office and general(1,862)(961)(2,823)
Marketing and promotion(970)(1)(971)
Operating expenses depreciation and amortization(355)(3)(358)
Operating income (loss)$807 $(1,264)$(457)
EBITDA (loss) (b)
$704 $(987)$(283)
Depreciation and amortization(355)(3)(358)
Interest income (expense), net(132)225 93 
Provision for income taxes(248)(50)(298)
Net loss$(31)$(815)$(846)
For The Nine Months Ended September 30, 2024
Revenues$106,456 $— $106,456 
Cost of revenues53,908 — 53,908 
Gross profit (a)
52,548 — 52,548 
Salaries and related(43,335)(1,064)(44,399)
Office and general(5,213)(2,951)(8,164)
Marketing and promotion(2,624)(3)(2,627)
Operating expenses depreciation and amortization(1,034)(8)(1,042)
Operating income (loss)$342 $(4,026)$(3,684)
EBITDA (loss) (b)
$279 $(3,239)$(2,960)
Total depreciation and amortization(1,034)(8)(1,042)
Interest income (expense), net(390)670 280 
Provision for incomes taxes(367)(96)(463)
Net loss$(1,512)$(2,673)$(4,185)
As of December 31, 2024
Accounts receivable, net$20,093 $— $20,093 
Long-lived assets, net of accumulated depreciation and amortization (c)
$8,410 $26 $8,436 
Total assets$45,273 $7,310 $52,583 
(a)Gross profit in the Business Services segment includes the direct staffing costs of salaries, payroll taxes, employee benefits, travel expenses, and insurance costs for the Company’s contractors and reimbursed out-of-pocket expenses and other direct costs. The region where services are provided, the mix of RPO and contracting, and the functional nature of the staffing services provided can affect operating income and EBITDA. The salaries, commissions, payroll taxes, and employee benefits related to recruitment professionals are included under the caption “Salaries and related” in the Condensed Consolidated Statements of Operations.

(b)SEC Regulation S-K Item 229.10(e)1(ii)(A) defines EBITDA as earnings before interest, taxes, depreciation and amortization. EBITDA is presented to provide additional information to investors about the Company’s operations on
a basis consistent with the measures that the Company uses to manage its operations and evaluate its performance. Management also uses this measurement to evaluate working capital requirements. EBITDA should not be considered in isolation or as a substitute for operating income and net income prepared in accordance with U.S. GAAP or as a measure of the Company’s profitability.

(c)Comprised of property and equipment, intangible assets and goodwill, net of accumulated depreciation and amortization.

Geographic Data Reporting

A summary of revenues for the three and nine months ended September 30, 2025 and 2024 and net assets by geographic area as of September 30, 2025 and 2024 and as of December 31, 2024, were as follows:
AustraliaUnited
States		United
Kingdom		OtherTotal
For The Three Months Ended September 30, 2025  
Revenue (a)
$18,998 $18,439 $4,922 $5,600 $47,959 
For The Three Months Ended September 30, 2024  
Revenue (a)
$18,089 $7,233 $5,913 $5,618 $36,853 
For The Nine Months Ended September 30, 2025
Revenue (a)
$50,692 $31,688 $16,427 $16,559 $115,366 
For The Nine Months Ended September 30, 2024
Revenue (a)
$54,770 $19,577 $17,317 $14,792 $106,456 
As of September 30, 2025    
Long-lived assets, net of accumulated depreciation and amortization (b)
$42 $24,131 $17 $2,024 $26,214 
Net assets$5,337 $47,086 $2,949 $12,399 $67,771 
As of December 31, 2024    
Long-lived assets, net of accumulated depreciation and amortization (b)
$20 $6,667 $16 $1,733 $8,436 
Net assets$7,788 $17,066 $3,076 $12,498 $40,428 
  
(a) Revenue by geographic region disclosed above is net of any inter-segment revenue and, therefore, represents only revenue from external customers according to the location of the operating subsidiary.

(b) Comprised of property and equipment, intangible assets and goodwill, net of accumulated depreciation and amortization.