STARDUST POWER WTS (SDSTW) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 28, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SDSTW SEC filings page.
This page shows STARDUST POWER INC WTS (SDSTW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Stardust Power reports no revenue, while external financing supports operations and liabilities still exceed assets.
The net loss fell from$23.8M in FY2024 to$3.8M in FY2025, yet operating cash flow remained negative. That gap indicates the earnings improvement did not translate into a comparable reduction in cash needs, so reported profit and operating cash generation are not moving together.
The financing structure remains dependent on capital raised outside operations: FY2025 financing cash flow was
SG&A rose from
Financial Health Signals
STARDUST POWER INC WTS does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
STARDUST POWER INC WTS passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass.
STARDUST POWER INC WTS reported a net loss of $15.7M while operations used $8.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
STARDUST POWER INC WTS reported an operating loss of $16.1M against $422 in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
STARDUST POWER INC WTS's EBITDA was -$3.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
STARDUST POWER INC WTS reported a net loss of $3.9M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
STARDUST POWER INC WTS earned -$0.35 per diluted share (EPS) in Q2 2026. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Cash & Balance Sheet
STARDUST POWER INC WTS recorded an outflow of $2.0M in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
STARDUST POWER INC WTS held $540K in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
STARDUST POWER INC WTS invested $18K in capex in Q2 2026, funding long-term assets and infrastructure. Against the prior quarter it is up 1421.9%.
Not reported for Q2 2026.
Not reported for Q2 2026.
SDSTW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $3.9M+28.3% | $4.1M-29.4% | N/A | $3.8M-57.4% | $3.0M+139.6% | $5.7M+365.3% | N/A | $9.0M+1053.7% |
| Operating Income | -$3.9Mn/m | -$4.0Mn/m | N/A | -$3.8Mn/m | -$3.0Mn/m | -$5.7Mn/m | N/A | -$9.0Mn/m |
| EBITDA | -$3.9Mn/m | -$4.0Mn/m | N/A | -$3.8Mn/m | -$3.0Mn/m | -$5.7Mn/m | N/A | -$9.0M |
| Interest Expense | $332K+471.0% | $366K+239.0% | N/A | $11K+31.9% | $58K+7262.7% | $108K+8266.3% | N/A | $9K |
| Net Income | -$3.9Mn/m | -$5.2Mn/m | N/A | -$4.5Mn/m | -$3.7Mn/m | -$3.8Mn/m | N/A | -$10.1Mn/m |
| EPS (Basic) | -$0.35 | -$0.53 | -$0.34 | -$0.53 | -$0.59 | -$0.72 | -$2.15 | -$2.23 |
| EPS (Diluted) | -$0.35 | -$0.53 | -$0.34 | -$0.53 | -$0.59 | -$0.72 | -$2.15 | -$2.23 |
| Diluted Shares (Avg) | 11M | 10M | N/A | 8M | 6M | 5M | N/A | 5M |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Income Tax.
SDSTW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.1M-19.9% | $9.4M-17.6% | $11.8M+30.5% | $10.0M+86.7% | $11.3M+483.9% | $11.4M | $9.0M+198.4% | $5.4M-87.4% |
| Current Assets | $909K-75.4% | $1.7M-29.8% | $4.1M+90.8% | $2.4M-27.5% | $3.7M+810.7% | $2.4M | $2.1M-20.9% | $3.3M+4033.8% |
| Cash & Equivalents | $540K-79.3% | $1.2M-22.2% | $3.5M+281.4% | $1.6M-0.1% | $2.6M+306.1% | $1.6M+308.9% | $913K-28.2% | $1.6M+65.7% |
| Short-Term Investments | $0 | $0n/m | $0n/m | $0n/m | N/A | $0n/m | $0n/m | $0n/m |
| Long-Term Investments | $29K+58.0% | $43K-97.1% | $37K-97.5% | $46K-32.1% | $18Kn/m | $1.5Mn/m | $1.5M+584.7% | $68Kn/m |
| Total Liabilities | $17.3M+13.9% | $17.3M-28.7% | $17.6M-38.1% | $15.2M-18.9% | $15.2M+57.5% | $24.3M | $28.4M+320.3% | $18.7M-59.0% |
| Current Liabilities | $14.9M+0.2% | $13.9M-38.7% | $14.3M-42.9% | $14.4M+30.4% | $14.9M | $22.6M | $25.0M+1522.3% | $11.0M+191.7% |
| Non-Current Liabilities | $2.4M+728.9% | $3.4M+108.5% | $3.3M-3.1% | $796K-89.6% | $285Kn/m | $1.7M | $3.4M-34.6% | $7.7M-81.6% |
| Long-Term Debt | N/A | $1.7M | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$8.2Mn/m | -$7.9Mn/m | -$5.8Mn/m | -$5.1Mn/m | -$3.9Mn/m | -$12.8Mn/m | -$19.4Mn/m | -$13.3Mn/m |
| Retained Earnings | -$77.5Mn/m | -$73.6Mn/m | -$68.3Mn/m | -$64.6Mn/m | -$60.1Mn/m | -$56.4M | -$52.6Mn/m | -$43.1Mn/m |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
SDSTW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.9Mn/m | -$2.1Mn/m | -$1.7Mn/m | -$2.1Mn/m | -$1.6Mn/m | -$2.9Mn/m | -$1.2Mn/m | -$6.4Mn/m |
| Depreciation & Amortization | $2K+103.9% | $992+29.8% | $849+13.4% | $781+37.3% | $772+141.3% | $764+313.0% | $749 | $569 |
| Stock-Based Compensation | N/A | $1.5M-48.9% | N/A | N/A | N/A | $3.0M+4856.9% | N/A | N/A |
| Capital Expenditures | $18K | $1K | N/A | N/A | N/A | N/A | $4K | $4K |
| Free Cash Flow | -$2.0M | -$2.1M | N/A | N/A | N/A | N/A | -$1.2M | -$6.4M |
| Investing Cash Flow | -$19Kn/m | -$175Kn/m | -$399Kn/m | -$785Kn/m | -$1.3Mn/m | -$960Kn/m | -$3.5Mn/m | -$779Kn/m |
| Financing Cash Flow | $1.3M-67.6% | -$4K-100.1% | $4.0M-0.6% | $1.8M-77.6% | $3.9M+102.6% | $4.5M+8194.7% | $4.0M+340.9% | $8.1M+2191.3% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
SDSTW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, Liabilities-to-Equity, Asset Turnover, FCF Margin.
Note: Shareholder equity is negative (-$5.8M), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.29), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| STARDUST POWER INC WTS SDSTW | FY2025 | N/A | -$15.7M | N/A | $384K | — |
| Dragonfly Energy Holdings Corp. Warrant DFLIW | FY2025 | $58.6M | -$69.9M | N/A | N/A | 39/100 |
| E-Power Inc. EPOW | FY2025 | $46.4M | -$16.6M | -35.8% | $12.7M | 27/100 |
| Asia Pacific Wire & Cable Corp APWC | FY2025 | $489.7M | $5.2M | 1.1% | $50.3M | 51/100 |
| Flux Power Holdings, Inc. FLUX | FY2026 | $42.1M | -$7.4M | -17.7% | $9.9M | 20/100 |
Where STARDUST POWER INC WTS Ranks
Frequently Asked Questions
Is STARDUST POWER INC WTS profitable?
No, STARDUST POWER INC WTS (SDSTW) reported a net loss of $15.7M in fiscal year 2025.
What is STARDUST POWER INC WTS's EBITDA?
STARDUST POWER INC WTS (SDSTW) had EBITDA of -$16.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is STARDUST POWER INC WTS's free cash flow?
STARDUST POWER INC WTS (SDSTW) recorded an outflow of $8.3M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is STARDUST POWER INC WTS's operating cash flow?
STARDUST POWER INC WTS (SDSTW) recorded an outflow of $8.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are STARDUST POWER INC WTS's total assets?
STARDUST POWER INC WTS (SDSTW) had $11.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are STARDUST POWER INC WTS's capital expenditures?
STARDUST POWER INC WTS (SDSTW) invested $4K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is STARDUST POWER INC WTS's current ratio?
STARDUST POWER INC WTS (SDSTW) had a current ratio of 0.29 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is STARDUST POWER INC WTS's return on assets (ROA)?
STARDUST POWER INC WTS (SDSTW) had a return on assets of -133.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is STARDUST POWER INC WTS's P/E ratio?
STARDUST POWER INC WTS (SDSTW) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $384K as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is STARDUST POWER INC WTS's price-to-sales ratio?
STARDUST POWER INC WTS (SDSTW) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $384K as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does STARDUST POWER INC WTS's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, STARDUST POWER INC WTS (SDSTW) held $3.5M in cash, cash equivalents and investments, and reported an operating cash outflow of $8.3M over that year. Dividing the one by the other, the reported balance equals about 5 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is STARDUST POWER INC WTS's debt-to-equity ratio negative or not reported?
STARDUST POWER INC WTS (SDSTW) has negative shareholder equity of -$5.8M as of fiscal year 2025, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is STARDUST POWER INC WTS's Piotroski F-Score?
STARDUST POWER INC WTS (SDSTW) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are STARDUST POWER INC WTS's earnings high quality?
STARDUST POWER INC WTS (SDSTW) reported a net loss of $15.7M while operations used $8.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can STARDUST POWER INC WTS cover its interest payments?
STARDUST POWER INC WTS (SDSTW) reported an operating loss of $16.1M against $422 in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.