SDST · Stardust Power Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $3.98M | - | $3.83M | $3.04M | $1.24M | - | $8.98M | $1.46M | - | $297.0K |
| Total Operating Expenses | - | - | - | $0 | $0 | - | - | - | - | - |
| D&A | $992 | - | - | - | $185 | - | - | - | - | - |
| Operating Income | ($3.98M) | - | ($3.83M) | ($3.04M) | ($1.24M) | - | ($8.98M) | ($1.46M) | - | ($297.0K) |
| Interest Expense | $365.6K | - | $11.3K | $58.1K | $1.3K | - | $8.6K | - | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($5.23M) | - | ($4.46M) | ($3.70M) | ($3.81M) | - | ($10.09M) | ($2.17M) | - | $390.0K |
| EPS - Basic | ($0.53) | - | ($0.53) | ($0.70) | ($0.40) | - | ($2.20) | - | - | - |
| EPS - Diluted | ($0.53) | - | ($0.53) | ($0.70) | ($0.40) | - | ($0.20) | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.24M | $3.48M | $1.59M | $2.61M | $1.59M | $912.6K | $1.59M | $22.0K | $22.0K | $247.0K |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $8.46M | $8.31M | $9.25M | $10.59M | $11.93M | $10.26M | $6.49M | $1.94M | $64.0K | $4.0K |
| Current Assets | $1.71M | $4.08M | $2.40M | $3.69M | $2.44M | $2.14M | $3.31M | $405.0K | $36.0K | $80.0K |
| Total Assets | $9.44M | $11.78M | $10.04M | $11.30M | $11.45M | $9.02M | $5.38M | $1.94M | $43.74M | $42.70M |
| Current Liabilities | $13.86M | $14.28M | $14.36M | $14.91M | $22.63M | $25.00M | $11.01M | $11.79M | $7.87M | $3.77M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $17.30M | $17.59M | $15.16M | $15.19M | $24.28M | $28.41M | $18.68M | $24.20M | $18.71M | $14.39M |
| Stockholders' Equity | ($7.87M) | ($5.81M) | ($5.12M) | ($3.89M) | ($12.84M) | ($19.39M) | ($13.30M) | ($23.80M) | ($18.67M) | ($14.31M) |
| Retained Earnings | ($73.58M) | ($68.34M) | ($64.59M) | ($60.13M) | ($56.43M) | ($52.62M) | ($43.05M) | ($23.80M) | ($18.67M) | ($14.31M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($2.07M) | - | - | - | ($934.7K) | - | - | - | - | - |
| Investing Cash Flow | ($174.8K) | - | - | - | ($3.1K) | - | - | - | - | - |
| Financing Cash Flow | ($4.4K) | - | - | - | $54.4K | - | - | - | - | - |
| CapEx | $1.2K | - | - | - | $3.1K | - | - | - | - | - |
| Free Cash Flow | ($2.07M) | - | - | - | ($937.8K) | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 0.39 | - | - | - | 0.25 | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -55.5% | - | -44.4% | -32.8% | -33.3% | - | -187.7% | -112.3% | - | 0.9% |
| Return on equity | 66.5% | - | 87.1% | 95.3% | 29.7% | - | 75.9% | 9.1% | - | -2.7% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.12 | 0.29 | 0.17 | 0.25 | 0.11 | 0.09 | 0.30 | 0.03 | 0.00 | 0.02 |
| Quick ratio | 0.12 | 0.29 | 0.17 | 0.25 | 0.11 | 0.09 | 0.30 | 0.03 | 0.00 | 0.02 |
| Cash ratio | 0.09 | 0.24 | 0.11 | 0.17 | 0.07 | 0.04 | 0.14 | 0.00 | 0.00 | 0.07 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -10.9x | - | -338.9x | -52.3x | -958.4x | - | -1049.4x | - | - | - |
| Equity multiplier | -1.20 | -2.03 | -1.96 | -2.91 | -0.89 | -0.47 | -0.40 | -0.08 | -2.34 | -2.98 |
| Liabilities / Assets | 1.83 | 1.49 | 1.51 | 1.34 | 2.12 | 3.15 | 3.47 | 12.50 | 0.43 | 0.34 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -222.6% | - | 57.4% | -107.7% | - | - | -2923.9% | -367.1% | - | 75.5% |
| Net income growth (YoY) | -37.4% | - | 55.8% | -70.3% | - | - | - | - | - | -81.6% |
| EPS growth (YoY) | -32.5% | - | -165.0% | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -120.3% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 38.7% | 70.0% | 61.5% | 83.7% | - | -3.8% | 7.0% | -70.1% | -26.7% | 4.3% |
Peer comparison
Same SIC group: Primary Smelting & Refining of Nonferrous Metals
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| UAMY | - | - | - |
Comparing Stardust Power Inc. against the 1 most active filer in the same SIC group.