Financial health
- Operating income covered interest expense -38111.9× in the latest year, down from -36.0× 4 years ago.
- The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
SDST Financials Stardust Power Inc.
5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | — | -$4M | — | — | -$8M | — | $3M |
| 2024 | — | -$24M | — | — | -$10M | — | $912574 |
| 2023 | — | $139000 | — | — | — | — | $1M |
| 2022 | — | $15M | — | — | — | — | — |
| 2021 | — | $5M | — | — | — | — | — |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | — | -$5M | — | — | -$2M | — | $1M |
| Dec '25 | — | -$4M | — | — | — | — | $3M |
| Sep '25 | — | -$4M | — | — | — | — | $2M |
| Jun '25 | — | -$4M | — | — | — | — | $3M |
| Mar '25 | — | -$4M | — | — | — | — | $2M |
| Dec '24 | — | -$10M | — | — | -$1M | — | $912574 |
| Sep '24 | — | -$10M | — | — | -$6M | — | $2M |
| Jun '24 | — | -$3M | — | — | -$1M | — | — |
| Mar '24 | — | -$1M | — | — | -$937811 | — | — |
| Dec '23 | — | -$965000 | — | — | — | — | $1M |
| Sep '23 | — | -$843800 | — | — | — | — | — |
| Jun '23 | — | -$2M | — | — | — | — | — |
| Mar '23 | — | $882000 | — | — | — | — | — |
| Dec '22 | — | $3M | — | — | — | — | — |
| Sep '22 | — | $2M | — | — | — | — | — |
| Jun '22 | — | $3M | — | — | — | — | — |
| Mar '22 | — | $7M | — | — | — | — | — |
| Dec '21 | — | $530000 | — | — | — | — | — |
| Sep '21 | — | $2M | — | — | — | — | $969000 |
| Jun '21 | — | -$2M | — | — | — | — | $1M |
Valuation over time
How the market has priced SDST against its own fundamentals since 2024-07 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 1252.1× (Jul '24) to 525.9× (Nov '24).
P/E
Frequently asked questions
Is SDST growing its revenue and profit?
See the revenue and net-income charts above for Stardust Power Inc.'s multi-year trend.
How much debt does SDST have?
As of FY2025, Stardust Power Inc. reported — of total debt against $3M of cash; operating income covered interest expense -38111.9×.
What is SDST's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is SDST's P/E ratio?
As of Jun '26, Stardust Power Inc. traded at a price-to-earnings ratio of about 525.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.