Stardust Power Inc.(SDSTW)Earnings, Financials & Key Ratios
SDSTW•NASDAQ
$0.12
$5M mkt cap·Price updated May 7, 2026
AboutStardust Power Inc. develops battery-grade lithium products designed to supply the electric vehicle (EV) industry. It is developing a central lithium refinery in Muskogee, Oklahoma for producing battery-grade lithium. The company is based in Greenwich, Connecticut.Show more
- Revenue$0
- EBITDA-$18M-13028.9%
- Net Income-$24M-17189.2%
- EPS (Diluted)-0.55-4608.2%
- ROE-841.56%-953171.5%
- ROIC-148.13%-13789.1%
- Interest Coverage-2.36
SDSTW Key Insights
Stardust Power Inc. (SDSTW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SDSTW Price & Volume
Stardust Power Inc. (SDSTW) stock price & volume — 10-year historical chart
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SDSTW Growth Metrics
Stardust Power Inc. (SDSTW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-13.74%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM23.02%
Return on Capital
10 Years-45.98%
5 Years-45.98%
3 Years-60.9%
Last Year-180.69%
SDSTW Peer Comparison
Stardust Power Inc. (SDSTW) competitors in Battery Cells and Materials — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 LAC | 1.37B | 5.66 | -26.95 | -26.94% | 0.02 | |||
 SLI | 931.66M | 3.91 | 6.51 | 68.23% | 0.00 | |||
 ALB | 23.37B | 198.35 | -34.50 | -4.37% | -4.24% | -2.29% | 0.34 | |
 SQM | 13.08B | 91.61 | -64.51 | -39.35% | 12.12% | 9.48% | 0.93 | |
 TSLA | 1.55T | 411.81 | 381.31 | -2.93% | 3.96% | 4.75% | 0.10 | |
 GM | 70.7B | 78.41 | 23.98 | -1.29% | 1.38% | 3.84% | 2.06 | |
 F | 47.73B | 12.18 | -5.91 | 1.23% | -3.22% | -14.71% | 4.66 | |
 ENVX | 1.33B | 6.42 | -8.56 | 37.91% | -492.57% | -0.06% | 0.08 |
Compare SDSTW vs Peers
Stardust Power Inc. (SDSTW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SDSTW Income Statement
Stardust Power Inc. (SDSTW) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - |
| Cost of Goods Sold | 0 | 0 | 0 | 1.82K | 3.07K |
| COGS % of Revenue | - | - | - | - | - |
| Gross Profit | 0▲ 0% | 0▲ 0% | 0▲ 0% | -1.82K▲ 0% | -3.07K▲ 0% |
| Gross Margin % | - | - | - | - | - |
| Gross Profit Growth % | - | - | - | - | - |
| Operating Expenses | 3.6M | 1.98M | 2.27M | 17.97M | 19.1M |
| OpEx % of Revenue | - | - | - | - | - |
| Selling, General & Admin | 3.6M | 1.98M | 5.23M | 17.97M | 19.1M |
| SG&A % of Revenue | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | -2.96M | 0 | 0 |
| Operating Income | -3.6M▲ 0% | -1.98M▲ 44.9% | -2.27M▼ 14.4% | -17.97M▼ 692.1% | -19.1M▲ 0% |
| Operating Margin % | - | - | - | - | - |
| Operating Income Growth % | - | 44.87% | -14.36% | -692.11% | - |
| EBITDA | -3.6M | -1.98M | 139K | -17.97M | -19.1M |
| EBITDA Margin % | - | - | - | - | - |
| EBITDA Growth % | - | 44.87% | 107.01% | -13028.9% | -11.17% |
| D&A (Non-Cash Add-back) | 0 | 0 | 2.41M | 1.82K | 3.07K |
| EBIT | 4.71M | 15.07M | 139K | -16.12M | -13.69M |
| Net Interest Income | 75K | 4.6M | 2.28M | -7.62M | -8.05M |
| Interest Income | 75K | 4.6M | 2.28M | 10.84K | 19.45K |
| Interest Expense | 0 | 0 | 0 | 7.63M | 8.07M |
| Other Income/Expense | 8.3M | 17.05M | 2.41M | -5.78M | -2.44M |
| Pretax Income | 4.71M▲ 0% | 15.07M▲ 220.3% | 139K▼ 99.1% | -23.75M▼ 17189.2% | -21.54M▲ 0% |
| Pretax Margin % | - | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% |
| Net Income | 4.71M▲ 0% | 15.07M▲ 220.3% | 139K▼ 99.1% | -23.75M▼ 17189.2% | -21.54M▲ 0% |
| Net Margin % | - | - | - | - | - |
| Net Income Growth % | - | 220.28% | -99.08% | -17189.21% | -13.74% |
| Net Income (Continuing) | 4.71M | 15.07M | 139K | -23.75M | -21.54M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.13▲ 0% | 0.40▲ 207.7% | 0.01▼ 97.0% | -0.55▼ 4608.2% | -2.57▲ 0% |
| EPS Growth % | - | 207.69% | -96.95% | -4608.2% | 23.02% |
| EPS (Basic) | 0.13 | 0.40 | 0.01 | -0.55 | - |
| Diluted Shares Outstanding | 37.5M | 37.5M | 11.43M | 42.82M | 8.37M |
| Basic Shares Outstanding | 37.5M | 37.5M | 11.43M | 42.82M | 8.37M |
| Dividend Payout Ratio | - | - | - | - | - |
SDSTW Balance Sheet
Stardust Power Inc. (SDSTW) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Total Current Assets | 1.02M | 109K | 36K | 2.14M | 2.37M |
| Cash & Short-Term Investments | 842K | 101K | 22K | 912.57K | 1.59M |
| Cash Only | 842K | 101K | 22K | 912.57K | 1.59M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 0 | 0 | 502.84K | 332.36K |
| Days Sales Outstanding | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 117.89K | 455.73K |
| Total Non-Current Assets | 300.07M | 304.68M | 43.7M | 6.89M | 7.67M |
| Property, Plant & Equipment | 0 | 0 | 0 | 1.76M | 1.75M |
| Fixed Asset Turnover | - | - | - | - | 0.00x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 300.07M | 304.68M | 43.7M | 1.5M | 3.07M |
| Other Non-Current Assets | 0 | 0 | 0 | 3.63M | 15.82M |
| Total Assets | 301.1M▲ 0% | 304.78M▲ 1.2% | 43.74M▼ 85.6% | 9.02M▼ 79.4% | 10.04M▲ 0% |
| Asset Turnover | - | - | - | - | 0.00x |
| Asset Growth % | - | 1.22% | -85.65% | -79.37% | 447.5% |
| Total Current Liabilities | 2.81M | 3.88M | 7.87M | 25M | 14.36M |
| Accounts Payable | 0 | 0 | 1.26M | 10.26M | 0 |
| Days Payables Outstanding | - | - | - | 1000K | 975.55K |
| Short-Term Debt | 0 | 785K | 3.48M | 10.01M | 304.67K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 2.81M | 3.09M | 2.98M | 2.9M | 12.45M |
| Current Ratio | 0.37x | 0.03x | 0.00x | 0.09x | 0.09x |
| Quick Ratio | 0.37x | 0.03x | 0.00x | 0.09x | 0.09x |
| Cash Conversion Cycle | - | - | - | - | - |
| Total Non-Current Liabilities | 23.42M | 10.97M | 10.84M | 3.41M | 796.18K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 23.42M | 10.97M | 10.84M | 3.41M | 6.14M |
| Total Liabilities | 26.23M | 14.84M | 18.71M | 28.41M | 15.16M |
| Total Debt | 0 | 785K | 3.48M | 10.01M | 304.67K |
| Net Debt | -842K | 684K | 3.46M | 9.1M | -1.28M |
| Debt / Equity | - | 0.00x | 0.14x | - | -0.06x |
| Debt / EBITDA | - | - | 25.04x | - | -0.02x |
| Net Debt / EBITDA | - | - | 24.88x | - | 0.07x |
| Interest Coverage | - | - | - | -2.36x | -1.70x |
| Total Equity | 274.87M▲ 0% | 289.94M▲ 5.5% | 25.03M▼ 91.4% | -19.39M▼ 177.4% | -5.12M▲ 0% |
| Equity Growth % | - | 5.48% | -91.37% | -177.45% | -1006.57% |
| Book Value per Share | 7.33 | 7.73 | 2.19 | -0.45 | -0.61 |
| Total Shareholders' Equity | 274.87M | 289.94M | 25.03M | -19.39M | -5.12M |
| Common Stock | 300M | 304.68M | 43.7M | 4.6K | 883 |
| Retained Earnings | -25.13M | -14.73M | -18.67M | -52.62M | -64.59M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
SDSTW Cash Flow Statement
Stardust Power Inc. (SDSTW) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | -1.04M | -1.53M | -975K | -9.72M | -9.72M |
| Operating CF Margin % | - | - | - | - | - |
| Operating CF Growth % | - | -46.17% | 36.11% | -896.89% | -1495.04% |
| Net Income | 4.71M | 15.07M | 139K | -23.75M | -21.54M |
| Depreciation & Amortization | 0 | 0 | 0 | 1.82K | 3.07K |
| Stock-Based Compensation | 0 | 0 | 0 | 9.75M | 7.1M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -8.3M | -17.05M | -2.41M | 5.76M | 3.93M |
| Working Capital Changes | 2.56M | 458K | 1.29M | -1.48M | 2.75M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | -3.39M | 795.09K |
| Cash from Investing | -300M | 0 | 263.25M | -4.79M | -6.51M |
| Capital Expenditures | 0 | 0 | 0 | -2.65M | -3.21M |
| CapEx % of Revenue | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - |
| Other Investing | 0 | 0 | 265.05M | -542K | -3.8M |
| Cash from Financing | 301.87M | 785K | -262.35M | 14.15M | 14.27M |
| Debt Issued (Net) | -199K | 0 | 2.7M | 4.27M | 45.87K |
| Equity Issued (Net) | 1000K | 0 | -1000K | 253.26K | 3.26M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -265.05M | -40.27K | -11.33K |
| Other Financing | 0 | 785K | 0 | 9.63M | 2.05M |
| Net Change in Cash | 822K▲ 0% | -741K▼ 190.1% | -79K▲ 89.3% | -359.25K▼ 354.7% | -2.08K▲ 0% |
| Free Cash Flow | -1.04M▲ 0% | -1.53M▼ 46.2% | -975K▲ 36.1% | -12.37M▼ 1168.6% | -13.24M▲ 0% |
| FCF Margin % | - | - | - | - | - |
| FCF Growth % | - | -46.17% | 36.11% | -1168.62% | -50.07% |
| FCF per Share | -0.03 | -0.04 | -0.09 | -0.29 | -0.29 |
| FCF Conversion (FCF/Net Income) | -0.22x | -0.10x | -7.01x | 0.41x | 0.61x |
| Interest Paid | 0 | 0 | 0 | 16.05K | 150.81K |
| Taxes Paid | 0 | 0 | 0 | 3.17K | 0 |
SDSTW Key Ratios
Stardust Power Inc. (SDSTW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | 5.34% | 0.09% | -841.56% | 209% |
| Return on Invested Capital (ROIC) | -0.53% | -1.07% | -148.13% | -148.13% |
| Debt / Equity | 0.00x | 0.14x | - | -0.06x |
| Interest Coverage | - | - | -2.36x | -1.70x |
| FCF Conversion | -0.10x | -7.01x | 0.41x | 0.61x |
SDSTW Frequently Asked Questions
Stardust Power Inc. (SDSTW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Stardust Power Inc. (SDSTW) grew revenue by 0.0% over the past year. Growth has been modest.
Stardust Power Inc. (SDSTW) reported a net loss of $21.5M for fiscal year 2024.
Dividend & Returns
Stardust Power Inc. (SDSTW) has a return on equity (ROE) of -841.6%. Negative ROE indicates the company is unprofitable.
Stardust Power Inc. (SDSTW) had negative free cash flow of $13.2M in fiscal year 2024, likely due to heavy capital investments.
Explore More SDSTW
Stardust Power Inc. (SDSTW) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates