Stardust Power Inc Financials
This page shows Stardust Power Inc (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).
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Stardust Power Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Stardust Power Inc's current ratio of 0.29 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Stardust Power Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Stardust Power Inc generates $0.53 in operating cash flow (-$8.3M OCF vs -$15.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Stardust Power Inc earns $-38111.9 in operating income for every $1 of interest expense (-$16.1M vs $422). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Stardust Power Inc's EBITDA was -$16.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.5% from the prior year.
Stardust Power Inc reported -$15.7M in net income in fiscal year 2025. This represents an increase of 33.8% from the prior year.
Stardust Power Inc earned $-2.13 per diluted share (EPS) in fiscal year 2025. This represents an increase of 61.6% from the prior year.
Cash & Balance Sheet
Stardust Power Inc generated -$8.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 14.9% from the prior year.
Stardust Power Inc held $3.5M in cash against $0 in long-term debt as of fiscal year 2025.
Stardust Power Inc had 10M shares outstanding in fiscal year 2025. This represents an increase of 106.8% from the prior year.
Margins & Returns
Capital Allocation
Stardust Power Inc invested $4K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 70.5% from the prior year.
SDSTW Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $3.8M+26.0% | $3.0M-47.2% | $5.7M | N/A | $9.0M+608.8% | $1.3M+2.6% | $1.2M |
| Operating Income | N/A | -$3.8M-26.0% | -$3.0M+47.2% | -$5.7M | N/A | -$9.0M-608.8% | -$1.3M-2.6% | -$1.2M |
| Interest Expense | N/A | $11K-80.6% | $58K-46.1% | $108K | N/A | $9K+984.7% | $789-38.8% | $1K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | -$4.5M-20.4% | -$3.7M+2.8% | -$3.8M | N/A | -$10.1M-274.6% | -$2.7M-92.6% | -$1.4M |
| EPS (Diluted) | N/A | $-0.53 | $-0.06+14.3% | $-0.07 | N/A | $-2.23-3085.7% | $-0.07-75.0% | $-0.04 |
SDSTW Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.8M+17.3% | $10.0M-11.2% | $11.3M-1.3% | $11.4M+26.9% | $9.0M+67.8% | $5.4M+177.7% | $1.9M | N/A |
| Current Assets | $4.1M+70.1% | $2.4M-35.0% | $3.7M+51.1% | $2.4M+14.2% | $2.1M-35.4% | $3.3M+716.6% | $405K | N/A |
| Cash & Equivalents | $3.5M+119.6% | $1.6M-39.2% | $2.6M+64.1% | $1.6M+74.0% | $913K-42.5% | $1.6M+147.2% | $642K+65.3% | $388K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $17.6M+16.0% | $15.2M-0.2% | $15.2M-37.4% | $24.3M-14.5% | $28.4M+52.1% | $18.7M+93.7% | $9.6M | N/A |
| Current Liabilities | $14.3M-0.6% | $14.4M-3.6% | $14.9M-34.1% | $22.6M-9.5% | $25.0M+127.0% | $11.0M | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$5.8M-13.5% | -$5.1M-31.7% | -$3.9M+69.7% | -$12.8M+33.8% | -$19.4M-45.7% | -$13.3M-72.6% | -$7.7M-52.0% | -$5.1M |
| Retained Earnings | -$68.3M-5.8% | -$64.6M-7.4% | -$60.1M-6.6% | -$56.4M-7.2% | -$52.6M-22.2% | -$43.1M-80.9% | -$23.8M | N/A |
SDSTW Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.7M+16.1% | -$2.1M-27.4% | -$1.6M+43.8% | -$2.9M-138.5% | -$1.2M+81.2% | -$6.4M-448.2% | -$1.2M-25.1% | -$935K |
| Capital Expenditures | N/A | N/A | N/A | N/A | $4K+9.3% | $4K-13.0% | $4K+37.0% | $3K |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$1.2M+81.1% | -$6.4M-446.6% | -$1.2M-25.1% | -$938K |
| Investing Cash Flow | -$399K+49.2% | -$785K+37.6% | -$1.3M-30.9% | -$960K+72.7% | -$3.5M-350.9% | -$779K-56.6% | -$497K-15781.7% | -$3K |
| Financing Cash Flow | $4.0M+120.8% | $1.8M-53.2% | $3.9M-13.8% | $4.5M+11.6% | $4.0M-50.3% | $8.1M+323.6% | $1.9M+3430.5% | $54K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SDSTW Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | -44.4%-11.6pp | -32.8%+0.5pp | -33.3% | N/A | -187.7%-48.5pp | -139.2% | N/A |
| Current Ratio | 0.29+0.1 | 0.17-0.1 | 0.25+0.1 | 0.11+0.0 | 0.09-0.2 | 0.30 | N/A | N/A |
| Debt-to-Equity | -3.03-0.1 | -2.96+0.9 | -3.91-2.0 | -1.89-0.4 | -1.47-0.1 | -1.40-0.2 | -1.25 | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$5.8M), which causes debt-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.
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Frequently Asked Questions
Is Stardust Power Inc profitable?
No, Stardust Power Inc (sdstw) reported a net income of -$15.7M in fiscal year 2025.
What is Stardust Power Inc's EBITDA?
Stardust Power Inc (sdstw) had EBITDA of -$16.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Stardust Power Inc's free cash flow?
Stardust Power Inc (sdstw) generated -$8.3M in free cash flow during fiscal year 2025. This represents a 14.9% change compared to the previous fiscal year. 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's operating cash flow?
Stardust Power Inc (sdstw) generated -$8.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Stardust Power Inc's total assets?
Stardust Power Inc (sdstw) had $11.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Stardust Power Inc's capital expenditures?
Stardust Power Inc (sdstw) invested $4K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Stardust Power Inc's current ratio?
Stardust Power Inc (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's debt-to-equity ratio?
Stardust Power Inc (sdstw) had a debt-to-equity ratio of -3.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Stardust Power Inc's return on assets (ROA)?
Stardust Power Inc (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's cash runway?
Based on fiscal year 2025 data, Stardust Power Inc (sdstw) had $3.5M in cash against an annual operating cash burn of $8.3M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Stardust Power Inc's debt-to-equity ratio negative or unusual?
Stardust Power Inc (sdstw) has negative shareholder equity of -$5.8M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. 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's Piotroski F-Score?
Stardust Power Inc (sdstw) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. 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's earnings high quality?
Stardust Power Inc (sdstw) has an earnings quality ratio of 0.53x, considered low quality (accrual-driven). 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 cover its interest payments?
Stardust Power Inc (sdstw) has an interest coverage ratio of -38111.9x, meaning it can struggle to cover its interest obligations. 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.
How financially healthy is Stardust Power Inc?
Stardust Power Inc (sdstw) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.