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Private company

Startek, Inc.

Startek, Inc. is an American help supply services company based in Greenwood Village.2

Last updated Oct 21, 2026.

Overview

  • IndustryServices-Help Supply Services2
  • HeadquartersGreenwood Village, United States2
  • Incorporated inDE3
  • Business address4610 South Ulster Street, Suite 150, Denver, Co 802373
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300ONES3WQ9KY7P172
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

15.0%Gross margin4
-0.2%Operating margin4
-0.6%Net margin4
-18.1%Revenue growth, 20224
-1.2%Return on equity4
0.22×Debt to equity4

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue85¢$327.3M
  • Selling, general and admin13¢$48.7M
  • Other costs1¢$5.0M
  • Income tax1¢$4.1M

Out of $385.1M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2022

  • Share buybacks7¢$1.8M
  • Kept or used elsewhere93¢$23.0M

Out of $24.9M of cash from operations.4

Financial statements

Revenue5674$385.1M in 2022−28% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $535.4M$535.4M20182019: $659.2M$659.2M2019+23%2020: $641.8M$641.8M2020−3%2021: $470.2M$470.2M2021−27%2022: $385.1M$385.1M2022−18%
Gross profit85674$57.8M in 2022+59% since 2016
0$50.0M$100.0M$150.0M2016: $36.4M$36.4M20162017: $32.4M$32.4M2017−11%2018: $85.9M$85.9M2018+165%2019: $110.9M$110.9M2019+29%2020: $87.2M$87.2M2020−21%2021: $64.8M$64.8M2021−26%2022: $57.8M$57.8M2022−11%
Operating income85674-$707.0K in 2022
-$20.0M-$10.0M0$10.0M$20.0M2016: $2.9M$2.9M20162017: -$742.0K-$742.0K20172018: -$5.8M-$5.8M2018+681%2019: $9.7M$9.7M20192020: -$10.3M-$10.3M20202021: $15.9M$15.9M20212022: -$707.0K-$707.0K2022
Net income85674-$2.3M in 2022
-$40.0M-$20.0M0$20.0M2016: $395.0K$395.0K20162017: -$1.3M-$1.3M20172018: -$27.5M-$27.5M2018+2052%2019: -$15.0M-$15.0M2019−45%2020: -$39.0M-$39.0M2020+160%2021: $1.5M$1.5M20212022: -$2.3M-$2.3M2022
Fiscal year2016201720182019202020212022
Revenue$535.4M5$659.2M6$641.8M7$470.2M4$385.1M4
Cost of revenue$449.5M5$547.0M6$553.0M7$405.5M4$327.3M4
Gross profit$36.4M8$32.4M8$85.9M5$110.9M6$87.2M7$64.8M4$57.8M4
Selling, general and admin$33.2M8$32.6M8$74.4M5$91.4M6$59.7M7$42.5M4$48.7M4
Operating income$2.9M8-$742.0K8-$5.8M5$9.7M6-$10.3M7$15.9M4-$707.0K4
Income before tax$5.8M4$3.8M4
Income tax$718.0K8-$436.0K8$3.9M5$4.8M6$7.8M7$6.9M4$4.1M4
Net income$395.0K8-$1.3M8-$27.5M5-$15.0M6-$39.0M7$1.5M4-$2.3M4
Earnings per share$0.038-$0.088-$0.396-$0.997$0.044-$0.064
Earnings per share (diluted)$0.028-$0.088-$0.396-$0.997$0.044-$0.064
Shares (weighted, basic)40.7M shares440.3M shares4
Shares (weighted, diluted)41.1M shares440.3M shares4

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Corporate structure

Startek, Inc. sits at the top of its group. 3 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Startek, Inc.

  • Of Hope City Filed SC 13G/A on Startek, Inc., latest Feb 13, 2024 (2 filings since Dec 28, 2023)
  • Steven D. Lebowitz Filed SC 13G/A on Startek, Inc., latest Feb 6, 2024 (3 filings since Feb 8, 2022)
  • CSP ALPHA HOLDINGS PARENT PTE LTD Filed SC 13D/A on Startek, Inc., latest Jan 8, 2024 (7 filings since Dec 20, 2021)
  • Lc Mci Filed SC 13D/A on Startek, Inc., latest Dec 28, 2023 (4 filings since Jan 13, 2023)
  • Startek, Inc. Greenwood Village, Colorado, United States
    • CSP ALPHA HOLDINGS PTE. LTD. Subsidiary · Singapore, Singapore
      • AEGIS CUSTOMER SUPPORT SERVICES PRIVATE LIMITED Subsidiary · Mumbai, India

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Startek, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$51.7M4 Dec 31, 2022$70.5M4 Dec 31, 2021−26.6%
Accumulated depreciation$27.3M4 Dec 31, 2022$41.5M4 Dec 31, 2021−34.1%
Property and equipment, net$22.9M4 Dec 31, 2022$25.4M4 Dec 31, 2021−9.8%
Operating-lease assets (leased space)$36.5M4 Dec 31, 2022$55.4M4 Dec 31, 2021−34.2%

Real estate and locations

ItemLatestA year beforeChange
Countries it operates in114 Dec 31, 2022

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$22.5M4 Dec 31, 2022$32.1M4 Dec 31, 2021−30.0%
Stakes in other companies (equity method)$04 Dec 31, 2022$31.7M4 Dec 31, 2021−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$120.5M4 Dec 31, 2022$128.6M4 Dec 31, 2021−6.3%
Finite-lived intangibles, gross$131.1M4 Dec 31, 2022$131.1M7 Dec 31, 20210%
Accumulated amortization$51.3M4 Dec 31, 2022$41.0M7 Dec 31, 2021+25.3%
Finite-lived intangibles, net$79.7M4 Dec 31, 2022$90.1M4 Dec 31, 2021−11.5%

Leadership

Who has led Startek, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Steven D. Butler2006
  2. A. Laurence Jones2007–2011
  3. Chad A. Carlson2011–2018
  4. Lance Rosenzweig2018–2019
  5. Aparup Sengupta2020–2021
  6. Bharat Rao2022–2024

Chair

  1. Aparup Sengupta2020

President

  1. A. Laurence Jones2007–2011
  2. Chad A. Carlson2011–2018
  3. Lance Rosenzweig2018–2019

Chief financial officer

  1. Rodd Erik Granger2006
  2. David G. Durham2007–2011
  3. Lisa A. Weaver2011–2015
  4. Donald Norsworthy2015–2018
  5. Ramesh Kamath2018
  6. Vikash Sureka2021
  7. Nishit Shah2022
  8. Neeraj Jain2023–2024

Chief operating officer

  1. Chad A. Carlson2010–2011
  2. Peter F. Martino2019
  3. Sandeep Gulati2019
  4. Rajiv Ahuja2019
2010201520202025
Board members and other officers (47)

Former names

  • STARTEK INCMay 23, 1997 to Jan 31, 20133

Timeline

  1. Jan 5, 20248-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer76
  2. Nov 9, 20238-K Results of operations77
  3. Oct 10, 20238-K Entered a material agreement; Shareholder vote; Regulation FD disclosure78
  4. Aug 10, 20238-K Results of operations79
  5. Jun 5, 20238-K Executive or director change80
  6. May 11, 20238-K Results of operations81
  7. Apr 21, 20238-K Entered a material agreement82
  8. Apr 7, 20238-K Completed an acquisition or sale; Regulation FD disclosure83
  9. Mar 27, 20238-K Completed an acquisition or sale84
  10. Jan 17, 20238-K Entered a material agreement85
  11. Dec 30, 20228-K Entered a material agreement86
  12. Nov 22, 20228-K Shareholder vote87
  13. Feb 3, 2022New chief executive Bharat Rao becomes CEO12
  14. Jul 8, 2020New chief executive Aparup Sengupta becomes CEO13
  15. Jul 23, 2018New chief executive Lance Rosenzweig becomes CEO14
  16. Jul 6, 2011New chief executive Chad A. Carlson becomes CEO15
  17. Jan 9, 2007New chief executive A. Laurence Jones becomes CEO16
  18. Jun 14, 2006New chief executive Steven D. Butler becomes CEO17

Calendar

When it reported results

  1. Nov 9, 2023Reported quarterly or annual results77
  2. Aug 10, 2023Reported quarterly or annual results79
  3. May 11, 2023Reported quarterly or annual results81
  4. Nov 8, 2022Reported quarterly or annual results88
  5. Aug 8, 2022Reported quarterly or annual results89
  6. May 9, 2022Reported quarterly or annual results90
  7. Mar 10, 2022Reported quarterly or annual results91
  8. Nov 2, 2021Reported quarterly or annual results92

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

174 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 27 major events, 85 insider forms, 16 large holders, 37 other. The latest 20:

  1. Feb 13, 2024SC 13G/A EDGAR
  2. Feb 6, 2024SC 13G/A EDGAR
  3. Jan 19, 202415-12G EDGAR
  4. Jan 8, 2024EFFECT EDGAR
  5. Jan 8, 2024SC 13D/A EDGAR
  6. Jan 5, 20244 EDGAR
  7. Jan 5, 20244 EDGAR
  8. Jan 5, 20244 EDGAR
  9. Jan 5, 20244 EDGAR
  10. Jan 5, 20244 EDGAR
  11. Jan 5, 20244 EDGAR
  12. Jan 5, 20244 EDGAR
  13. Jan 5, 20244 EDGAR
  14. Jan 5, 20244 EDGAR
  15. Jan 5, 20244 EDGAR
  16. Jan 5, 2024POS AM EDGAR
  17. Jan 5, 2024S-8 POS EDGAR
  18. Jan 5, 2024S-8 POS EDGAR
  19. Jan 5, 2024S-8 POS EDGAR
  20. Jan 5, 2024S-8 POS EDGAR

The 174 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 0 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 1, 2023Banerjee SudipDirectorSale6,000$2.88$17.3KForm 4
Jan 30, 2023Pahuja AnupamDirectorSale2,844$4.08$11.6KForm 4
Jan 26, 2023Pahuja AnupamDirectorSale3,000$4.26$12.8KForm 4
Dec 6, 2022Banerjee SudipDirectorSale3,000$3.96$11.9KForm 4
Dec 6, 2022Banerjee SudipDirectorSale3,000$3.96$11.9KForm 4
Aug 17, 2022Banerjee SudipDirectorSale3,000$4.05$12.2KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Startek, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARStartek, Inc.1
  • CIK0001031029
  • Employer ID (EIN)84-13705381
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)7363 Services-Help Supply Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address4610 South Ulster Street, Suite 150, Denver, CO 802371
  • Phone303-262-45001
  • Shares outstanding40,345,831 as of Nov 2, 202311
  • Public float$49.5M as of Jun 30, 20224
  • On EDGAR sinceJan 29, 19971
  • Filings1,273 in all: 4 (526), 8-K (237), 10-Q (80), 3 (73), SC 13G/A (68), DEF 14A (24), DEFA14A (22), SC 13G (22)1
    All 51 form types

    10-K (21), CT ORDER (19), 4/A (18), SC 13D/A (18), S-8 (17), ARS (13), S-8 POS (13), UPLOAD (10), CORRESP (9), 8-K/A (7), 5 (6), SC 13D (5), 10-K/A (4), 10-K405 (4), 10-Q/A (4), 3/A (4), EFFECT (4), S-1/A (4), S-3/A (4), SC 13E3/A (4), POS AM (3), S-3 (3), SC TO-T/A (3), 424B3 (2), D (2), PRE 14A (2), PRER14C (2), 10-KT (1), 15-12G (1), 25-NSE (1), 424B1 (1), 424B4 (1), 8-A12B (1), DEF 14C (1), DEFM14A (1), DEFM14C (1), PREM14A (1), PREM14C (1), S-1 (1), S-3MEF (1), SC 13E3 (1), SC 14D9 (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Mar 28, 2023
    Quarterly report (10-Q) Nov 9, 2023
    Proxy statement (DEF 14A) Oct 12, 2022
    Latest 8-K (8-K) Jan 5, 2024

Sources

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