iStar Income Statement 2025-2008 | STAR

Brief overview of profit and loss at iStar

The figures are compared over a five-year interval. iStar reported revenue of $531 million in 2020 and $386 million by 2025. Overall revenue changed by −27.4%, equal to an annualized rate of about −6.2%. The negative rate indicates weakening core operations.

At the gross-profit level, the result moved from $353 million to $381 million, a change of +7.8%. Gross profit as a share of revenue changed from 66.5% to 98.8%. The expansion indicates stronger pricing power or better control of direct costs.

EBITDA was $247 million at the beginning and $109 million at the end of the period (−55.7%). The operating result developed less favorably than sales. EBITDA margin moved from 46.5% to 28.4%. Operating return per unit of revenue declined.

The final result was −30.9 million dollars initially and 114 million dollars in the final year. The trajectory reversed from a loss to positive earnings.

Overall conclusion

Positive developments coexist with areas of weakness. The financial profile benefits from improving gross profitability and a stronger final result. The overall view is constrained by limited revenue growth and a declining EBITDA margin. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.