Star Holdings (STHO) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, STHO scores 26 out of 100, a letter grade of E, labeled "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are:

• Fundamental Cash Engine: 9 / 20 (ROIC -25.5%; FCF yield -12.95%). Returns on capital and free cash flow are both negative, meaning the business is currently consuming rather than generating cash relative to its market value.
• Whale 13F Flow: 3 / 20 (institutional accumulation and options positioning). The pillar score is low; the underlying holder data is not available in source data.
• Insider Conviction: 3 / 20 (SEC Form 4 and Congressional PTR cluster flow). The low score reflects weak insider signal; the underlying trade detail is not available in source data.
• Macro Regime Fit: 3 / 20 (Beta 1.0; sector sensitivity). A beta of 1.0 means the stock is expected to move with the broad market, offering no defensive cushion in a sell-off.
• Forensic Balance Sheet: 8 / 20 (Altman Z 2.5; Piotroski F 2/9; Debt/Equity 0.5). The Piotroski score of 2 out of 9 signals weak fundamental quality, while the Altman Z of 2.5 sits in a middle zone that warrants caution rather than immediate distress.

Implications for a prospective investor: upside drivers in the source data are limited, since the strongest pillar (Fundamental Cash Engine) is still scored at 9 of 20 and reflects negative returns. Valuation tradeoffs cannot be fully assessed because P/E, Forward P/E, EV/EBITDA, and EPS are not available in source data, so the stock cannot be judged against earnings-based benchmarks. The combination of negative ROIC, negative FCF yield, and a weak Piotroski score means the investment case, as represented in these sources, rests on balance-sheet and cash-position support rather than on operating earnings. This brief is educational and is not personalized financial advice.

Star Holdings (STHO) is a NASDAQ-listed issuer classified under the Real Estate sector and Real Estate industry, per the company profile. The profile lists a market capitalization of $0.1B. Specific products, customer segments, and revenue mechanics are not available in source data.

Per the SEC financials, revenue declined from $123.1M in FY 2023 to $113.3M in FY 2024 and $110.1M in FY 2025, while net loss narrowed from $-196.4M to $-86.8M to $-64.2M. Net margin is reported as -58.3%, and gross and operating margins are reported as 0%. ROIC is reported at -25.5%. The Altman Z-Score is 2.5 and the Piotroski F-Score is 2 out of 9, per the Roarable RQD rating. Debt/Equity is 0.5 per the same source, while reported cash rose from $35.0M to $50.1M in FY 2025.

The news wire contains six items tagged to STHO, all carrying a YELLOW light and a MARKET WIRE impact label. Several headlines do not describe Star Holdings: one concerns a reality television personality, another a Swiss real-estate fund ticker (SR1.F), and another an unrelated sports story. The items that reference STHO directly are a MarketBeat report on a "Hold" rating from Wall Street Zen, and a Stock Traders Daily item on a rule-based strategy; a further item reports STHO trading flat at $8.01. These are headline-level signals only and do not provide verified catalysts. Risk watch: the news wire contains mis-tagged and unrelated content, so the catalyst set should be treated as unreliable. No proprietary signals are listed in the Butterfly graph.

Per the Butterfly Supply-Chain Graph, supply_chain is "NONE," butterfly_links is empty, and proprietary_signals is empty. Upstream and downstream dependencies are not available in source data. Sector correlation data is not available in source data beyond the Real Estate classification and the Beta of 1.0. Second-order bottlenecks cannot be identified from the sources provided.

• What is the company's revenue composition and property or asset base, given that the profile provides only a sector label?
• Why is operating income reported as $0.0M across all three periods while net losses are large, and what drives the gap?
• What is the debt amount, since the Debt field is N/A in every period while Debt/Equity is listed at 0.5?
• What are the EPS, P/E, and EV/EBITDA figures, which are absent despite a reported market cap?
• Which institutional, insider, and congressional holders are present, given that the holders and analyst sections are empty?