Stardust Power Inc. (SDST)
Stardust Power Inc. develops battery grade lithium products in the United States. The company is developing a lithium refinery in Muskogee, Oklahoma for producing battery-grade lithium carbonate. The company was founded in 2022 and is headquartered in Greenwich, Connecticut.
Sector: Primary Smelting & Refining of Nonferrous Metals
Industry: Chemicals - Specialty
Stardust Power Inc.
OTC:SDSTBasic Materials · Chemicals - Specialty
-6.78%$0.0055
Mkt Cap$223K
Float37.28M
O/S40.58M
Vol
$ Vol
RVOL
Inst Own1.9%
SI7.4%
Earnings
Dilution
Financials Summary
Revenue$0
Net Income-$15.72M
Total Assets$11.78M
Free Cash Flow-$8.3M
Debt & Equity
Total Debt$3.4M
Total Equity-$5.81M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:10
Nasdaq bars a compliance period at 1:250
- 1:10Reverse splitSep 8, 202510 shares → 1
Balance Sheet Details
Assets$11.78M
Liabilities$17.59M
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$1.76M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - |
| Cost of Revenue | $3K | $2K | $6 | $0 | $0 | $0 |
| Gross Profit | -$3K | -$2K | -$6 | $0 | $0 | $0 |
| Gross Margin | - | - | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $16.08M | $17.97M | $2.68M | $1.98M | $3.6M | $5K |
| Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $16.08M | $17.97M | $2.68M | $1.98M | $3.6M | $5K |
| Operating Income (EBIT) | -$16.08M | -$17.97M | -$2.68M | -$1.98M | -$3.6M | -$5K |
| Operating Margin | - | - | - | - | - | - |
| Interest Expense | $520K | $7.63M | $8K | $0 | $0 | $0 |
| Interest Income | $12K | $11K | $0 | $4.6M | $75K | $0 |
| Other Income (Expense) | $360K | -$5.78M | -$1.12M | $17.05M | $8.3M | $0 |
| Income Before Tax (EBT) | -$15.72M | -$23.75M | -$3.79M | $15.07M | $4.71M | -$5K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$15.72M | -$23.75M | -$3.79M | $15.07M | $4.71M | -$5K |
| Net Income Margin | - | - | - | - | - | - |
| Supplementary Data | ||||||
| EPS | -2.13 | -5.50 | -1.00 | 4.00 | 1.30 | -0.00 |
| Diluted EPS | -2.13 | -5.50 | -1.00 | 4.00 | 1.30 | -0.00 |
| Weighted Average OS | 7.39M | 4.28M | 4.36M | 3.75M | 3.75M | 3.75M |
| EBITDA | -$15.2M | -$16.12M | -$3.79M | $15.07M | $4.7M | -$5K |
| EBITDA Margin | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $3.48M | $913K | $1.27M | $101K | $842K | $20K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $3.48M | $913K | $1.27M | $101K | $842K | $20K |
| Accounts Receivable | $0 | $503K | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $25K | $118K | $1.01M | $0 | $0 | $0 |
| Total Current Assets | $4.05M | $2.14M | $2.7M | $109K | $1.02M | $20K |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $1.76M | $1.76M | $2K | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $37K | $1.5M | $219K | $304.68M | $300.07M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $5.93M | $3.63M | $100K | $0 | $0 | $205K |
| Total Long-Term Assets | $7.72M | $6.89M | $321K | $304.68M | $300.07M | $205K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $11.78M | $9.02M | $3.02M | $304.78M | $301.1M | $225K |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $0 | $10.26M | $1.26M | $0 | $0 | $0 |
| Short-Term Debt | $1.14M | $10.01M | $73K | $785K | $0 | $199K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $11.48M | $2.9M | $3K | $3.09M | $2.81M | $6K |
| Total Current Liabilities | $14.28M | $25M | $1.54M | $3.88M | $2.81M | $205K |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $2.26M | $0 | $5.21M | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.05M | $3.41M | $6K | $10.97M | $23.42M | $0 |
| Total Long-Term Liabilities | $3.31M | $3.41M | $5.22M | $10.97M | $23.42M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $17.59M | $28.41M | $6.76M | $14.84M | $26.23M | $205K |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $975 | $5K | $4K | $304.68M | $300M | $1K |
| Retained Earnings | -$68.34M | -$52.62M | -$3.79M | -$14.73M | -$25.13M | -$5K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $62.53M | $33.23M | $55K | $0 | $0 | $24K |
| Total Equity | -$5.81M | -$19.39M | -$3.73M | $289.94M | $274.87M | $20K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $11.78M | $9.02M | $3.02M | $304.78M | $301.1M | $225K |
| Supplementary Data | ||||||
| Total Debt | $3.4M | $10.01M | $5.29M | $785K | $0 | $199K |
| Net Debt | -$82K | $9.1M | $4.01M | $684K | -$842K | $179K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | |||||
| Net Income | -$15.72M | -$23.75M | -$3.79M | $15.07M | $4.71M |
| Depreciation & Amortization | $3K | $2K | $6 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $9.75M | $0 | $0 | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | -$3.39M | $0 | $0 | $0 |
| Other Working Capital | $290K | $1.91M | $92K | $458K | $2.56M |
| Total Working Capital Change | $290K | -$1.48M | $92K | $458K | $2.56M |
| Other Non-Cash Items | $7.15M | $5.76M | $718K | -$17.05M | -$8.3M |
| Net Cash from Operating | -$8.28M | -$9.72M | -$2.98M | -$1.53M | -$1.04M |
| Investing Activities | |||||
| Capital Expenditures | -$3.97M | -$2.65M | -$102K | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$1.6M | -$200K | $0 | -$300M |
| Sales of Investments | $570K | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$542K | $0 | $0 | $0 |
| Net Cash from Investing | -$3.4M | -$4.79M | -$302K | $0 | -$300M |
| Financing Activities | |||||
| Debt Repaid | - | -$2.54M | -$4.57M | - | $199K |
| Common Stock Issuance | $17.75M | $261K | $15K | $0 | $302.06M |
| Common Stock Repurchases | -$2K | -$8K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $100K | $9.63M | -$96K | $0 | $0 |
| Net Cash from Financing | $14.24M | $14.15M | $4.56M | $785K | $301.87M |
| Forex Effect | $0 | $0 | -$101K | $0 | $0 |
| Net Change in Cash | $2.57M | -$359K | $1.17M | -$741K | $822K |
| Supplementary Data | |||||
| Operating Cash Flow | -$8.28M | -$9.72M | -$2.98M | -$1.53M | -$1.04M |
| Capital Expenditure | -$21K | -$2.65M | -$102K | $0 | $0 |
| Free Cash Flow | -$8.3M | -$12.37M | -$3.09M | -$1.53M | -$1.04M |
| Cash at Beginning | $913K | $1.27M | $101K | $842K | $20K |
| Cash at End | $3.48M | $913K | $1.27M | $101K | $842K |