Stardust Power Inc.(SDST)Earnings, Financials & Key Ratios
SDST•NASDAQ
$2.38
$23M 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-571.6%
- Net Income-$24M-526.2%
- EPS (Diluted)-5.50-450.0%
- Interest Coverage-2.36+99.3%
SDST Key Insights
Stardust Power Inc. (SDST) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗Weak 3Y average ROE of 1.3%
- ✗Weak Piotroski F-Score: 3/9
- ✗Weak momentum: RS Rating 14 (bottom 14%)
- ✗Low quality earnings: Net income not backed by cash flow
- ✗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.
SDST Price & Volume
Stardust Power Inc. (SDST) stock price & volume — 10-year historical chart
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SDST Growth Metrics
Stardust Power Inc. (SDST) 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-23.3%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-0.56%
Return on Capital
10 Years-1.21%
5 Years-1.21%
3 Years-1.22%
Last Year-
SDST Peer Comparison
Stardust Power Inc. (SDST) 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 |
|---|---|---|---|---|---|---|---|---|
 SLI | 931.66M | 3.91 | 6.51 | 68.23% | 0.00 | |||
 LAC | 1.37B | 5.66 | -26.95 | -26.94% | 0.02 | |||
 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 | |
 CHNR | 41.53M | 4.30 | -88.68 | -15.72% | ||||
 MP | 12.28B | 69.13 | -138.26 | 35.12% | -23.32% | -3.68% | 0.44 | |
 ENPH | 4.67B | 35.47 | 27.50 | 10.72% | 9.64% | 13.28% | 1.14 | |
 FSLR | 23.06B | 214.57 | 15.10 | 24.09% | 30.73% | 18.01% | 0.05 |
Compare SDST vs Peers
Stardust Power Inc. (SDST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SDST Income Statement
Stardust Power Inc. (SDST) 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 | 6 | 1.82K | 3.07K |
| COGS % of Revenue | - | - | - | - | - |
| Gross Profit | 0▲ 0% | 0▲ 0% | -6▲ 0% | -1.82K▼ 30283.3% | -3.07K▲ 0% |
| Gross Margin % | - | - | - | - | - |
| Gross Profit Growth % | - | - | - | -30283.33% | - |
| Operating Expenses | 3.6M | 1.98M | 2.68M | 17.97M | 19.1M |
| OpEx % of Revenue | - | - | - | - | - |
| Selling, General & Admin | 3.6M | 1.98M | 2.68M | 17.97M | 19.1M |
| SG&A % of Revenue | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -3.6M▲ 0% | -1.98M▲ 44.9% | -2.68M▼ 34.9% | -17.97M▼ 571.7% | -19.1M▲ 0% |
| Operating Margin % | - | - | - | - | - |
| Operating Income Growth % | - | 44.87% | -34.86% | -571.71% | - |
| EBITDA | 4.7M | 15.07M | -2.68M | -17.97M | -19.1M |
| EBITDA Margin % | - | - | - | - | - |
| EBITDA Growth % | - | 220.28% | -117.76% | -571.65% | -29.31% |
| D&A (Non-Cash Add-back) | 0 | 0 | 6 | 1.82K | 3.07K |
| EBIT | 4.71M | 15.07M | -3.79M | -16.12M | -13.49M |
| Net Interest Income | 75K | 4.6M | -7.83K | -7.62M | -8.05M |
| Interest Income | 75K | 4.6M | 0 | 10.84K | 19.45K |
| Interest Expense | 0 | 0 | 7.83K | 7.63M | 8.07M |
| Other Income/Expense | 8.3M | 17.05M | -1.12M | -5.78M | -2.44M |
| Pretax Income | 4.71M▲ 0% | 15.07M▲ 220.3% | -3.79M▼ 125.2% | -23.75M▼ 526.2% | -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% | -3.79M▼ 125.2% | -23.75M▼ 526.2% | -21.54M▲ 0% |
| Net Margin % | - | - | - | - | - |
| Net Income Growth % | - | 220.28% | -125.17% | -526.16% | -23.3% |
| Net Income (Continuing) | 4.71M | 15.07M | -3.79M | -23.75M | -21.54M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.30▲ 0% | 4.00▲ 207.7% | -1.00▼ 125.0% | -5.50▼ 450.0% | -2.57▲ 0% |
| EPS Growth % | - | 207.69% | -125% | -450% | -0.56% |
| EPS (Basic) | 1.30 | 4.00 | -1.00 | -5.50 | - |
| Diluted Shares Outstanding | 3.75M | 3.75M | 4.36M | 4.28M | 8.37M |
| Basic Shares Outstanding | 3.75M | 3.75M | 4.36M | 4.28M | 8.37M |
| Dividend Payout Ratio | - | - | - | - | - |
SDST Balance Sheet
Stardust Power Inc. (SDST) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Total Current Assets | 1.02M | 109K | 2.7M | 2.14M | 2.37M |
| Cash & Short-Term Investments | 842K | 101K | 1.27M | 912.57K | 1.59M |
| Cash Only | 842K | 101K | 1.27M | 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 | 1.01M | 117.89K | 455.73K |
| Total Non-Current Assets | 300.07M | 304.68M | 320.52K | 6.89M | 7.67M |
| Property, Plant & Equipment | 0 | 0 | 1.97K | 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 | 218.56K | 1.5M | 3.07M |
| Other Non-Current Assets | 0 | 0 | 100K | 3.63M | 15.82M |
| Total Assets | 301.1M▲ 0% | 304.78M▲ 1.2% | 3.02M▼ 99.0% | 9.02M▲ 198.4% | 10.04M▲ 0% |
| Asset Turnover | - | - | - | - | 0.00x |
| Asset Growth % | - | 1.22% | -99.01% | 198.39% | 1001.31% |
| Total Current Liabilities | 2.81M | 3.88M | 1.54M | 25M | 14.36M |
| Accounts Payable | 0 | 0 | 1.26M | 10.26M | 0 |
| Days Payables Outstanding | - | - | 1000K | 1000K | 975.55K |
| Short-Term Debt | 0 | 785K | 72.97K | 10.01M | 304.67K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 2.81M | 3.09M | 2.99K | 2.9M | 12.45M |
| Current Ratio | 0.37x | 0.03x | 1.75x | 0.09x | 0.09x |
| Quick Ratio | 0.37x | 0.03x | 1.75x | 0.09x | 0.09x |
| Cash Conversion Cycle | - | - | - | - | - |
| Total Non-Current Liabilities | 23.42M | 10.97M | 5.22M | 3.41M | 796.18K |
| Long-Term Debt | 0 | 0 | 5.21M | 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 | 5.66K | 3.41M | 6.14M |
| Total Liabilities | 26.23M | 14.84M | 6.76M | 28.41M | 15.16M |
| Total Debt | 0 | 785K | 5.29M | 10.01M | 304.67K |
| Net Debt | -842K | 684K | 4.01M | 9.1M | -1.28M |
| Debt / Equity | - | 0.00x | - | - | -0.06x |
| Debt / EBITDA | - | 0.05x | - | - | -0.02x |
| Net Debt / EBITDA | -0.18x | 0.05x | - | - | 0.07x |
| Interest Coverage | - | - | -341.81x | -2.36x | -1.67x |
| Total Equity | 274.87M▲ 0% | 289.94M▲ 5.5% | -3.73M▼ 101.3% | -19.39M▼ 419.1% | -5.12M▲ 0% |
| Equity Growth % | - | 5.48% | -101.29% | -419.06% | -427.95% |
| Book Value per Share | 73.30 | 77.32 | -0.86 | -4.53 | -0.61 |
| Total Shareholders' Equity | 274.87M | 289.94M | -3.73M | -19.39M | -5.12M |
| Common Stock | 300M | 304.68M | 4.02K | 4.6K | 883 |
| Retained Earnings | -25.13M | -14.73M | -3.79M | -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 |
SDST Cash Flow Statement
Stardust Power Inc. (SDST) 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 | -2.98M | -9.72M | -9.72M |
| Operating CF Margin % | - | - | - | - | - |
| Operating CF Growth % | - | -46.17% | -95.49% | -225.81% | -124.31% |
| Net Income | 4.71M | 15.07M | -3.79M | -23.75M | -21.54M |
| Depreciation & Amortization | 0 | 0 | 6 | 1.82K | 3.07K |
| Stock-Based Compensation | 0 | 0 | 0 | 9.75M | 8.8M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -8.3M | -17.05M | 718.48K | 5.76M | 2.23M |
| Working Capital Changes | 2.56M | 458K | 91.89K | -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 | -301.97K | -4.79M | -6.51M |
| Capital Expenditures | 0 | 0 | -101.97K | -2.65M | -3.21M |
| CapEx % of Revenue | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | -542K | -3.8M |
| Cash from Financing | 301.87M | 785K | 4.56M | 14.15M | 14.27M |
| Debt Issued (Net) | -199K | 0 | 4.64M | 4.27M | 45.87K |
| Equity Issued (Net) | 1000K | 0 | 14.94K | 253.26K | 3.26M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -7.67K | -11.33K |
| Other Financing | 0 | 785K | -95.9K | 9.63M | 2.05M |
| Net Change in Cash | 822K▲ 0% | -741K▼ 190.1% | 1.17M▲ 258.0% | -359.25K▼ 130.7% | -2.08K▲ 0% |
| Free Cash Flow | -1.04M▲ 0% | -1.53M▼ 46.2% | -3.09M▼ 102.2% | -12.37M▼ 300.9% | -13.24M▲ 0% |
| FCF Margin % | - | - | - | - | - |
| FCF Growth % | - | -46.17% | -102.17% | -300.92% | -3.28% |
| FCF per Share | -0.28 | -0.41 | -0.71 | -2.89 | -2.89 |
| FCF Conversion (FCF/Net Income) | -0.22x | -0.10x | 0.79x | 0.41x | 0.61x |
| Interest Paid | 0 | 0 | 0 | 16.05K | 150.81K |
| Taxes Paid | 0 | 0 | 0 | 3.17K | 0 |
SDST Key Ratios
Stardust Power Inc. (SDST) 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% | -2.65% | - | 209% |
| Return on Invested Capital (ROIC) | -0.53% | -1.38% | - | 183.2% |
| Debt / Equity | 0.00x | - | - | -0.06x |
| Interest Coverage | - | -341.81x | -2.36x | -1.67x |
| FCF Conversion | -0.10x | 0.79x | 0.41x | 0.61x |
SDST Frequently Asked Questions
Stardust Power Inc. (SDST) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Stardust Power Inc. (SDST) grew revenue by 0.0% over the past year. Growth has been modest.
Stardust Power Inc. (SDST) reported a net loss of $21.5M for fiscal year 2024.
Dividend & Returns
Stardust Power Inc. (SDST) had negative free cash flow of $13.2M in fiscal year 2024, likely due to heavy capital investments.
Explore More SDST
Stardust Power Inc. (SDST) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
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