STRRP — what changed in the latest 10-Q
A section-by-section comparison of STRRP's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-14 vs the prior 10-Q · 2026-05-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +92 | −36 | ~28 | 20 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | +1 | 0 | ~3 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-14
Summary of Financial Performance Highlights For The Six Months Ended June 30, 2026
• Revenue was $105.0 million for the six months ended June 30, 2026, compared to $67.4 million for the same period in 2025, an increase of $37.6 million, or 55.8%. The increase in revenue was principally driven by the inclusion of revenues from the Star Operating Companies acquisition, which contrib…
• Gross profit was $43.4 million for the six months ended June 30, 2026, compared to $35.0 million for the same period in 2025, an increase of $8.3 million, or 23.7%. The increase in gross profit was driven by the acquisition of Star Operating Companies, which increased gross profit growth by 23 per…
• Selling, general and administrative expenses (including salaries and related expenses) and other non-operating income (expense) (“SG&A and Non-Op”) was $48.3 million for the six months ended June 30, 2026, compared to $36.7 million for the same period in 2025, an increase of $11.6 million, or 31.7…
• Net loss was $5.6 million for the six months ended June 30, 2026, compared to net loss of $2.4 million for the same period in 2025, an increase in net loss of $3.2 million.
Text removed vs the prior filing · source: 10-Q · 2026-05-12
Net loss attributable to common shareholders$(4,385)$(1,756)
For the three months ended March 31, 2026, Building Solutions contributed $11.6 million to the Company's revenue. The segment faced several headwinds during the quarter that constrained revenue generation. Weather-related disruptions and seasonal road restrictions limited the ability to execute on s…
For the three months ended March 31, 2026, Building Solutions contributed $1.6 million to the Company's gross profit. Reduced operational activity resulted in unfavorable fixed cost absorption, putting pressure on overall profitability despite maintaining underlying pricing discipline.
For the three months ended March 31, 2026, Building Solutions SG&A and Non-OP expenses were $3.2 million or 27% of revenue. The segment demonstrated effective cost management during the quarter, controlling discretionary spending and maintaining operational efficiency despite the challenging revenue…
For the three months ended March 31, 2026, Building Solutions generated operating loss of $1.2 million and EBITDA loss of $1.4 million or 12% of revenue. The quarter's profitability was primarily impacted by lower volume, which compressed gross margins through unfavorable fixed cost absorption. Whil…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-14
As part of the SOC merger, we acquired Alliance Drilling Tools ("ADT"). Consistent with SEC guidance permitting the exclusion of an acquired business from an assessment of internal control over financial reporting for a period not to exceed one year from the date of acquisition, management's assessm…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice