SDST net incomeQ2 2026-$3.90M
SDST net income was -$3.90M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$3.70M a year earlier. For the full fiscal 2025 it was -$15.72M, compared with -$23.75M in fiscal 2024.
Stardust Power Inc. (SDST) financials
For the twelve months ended Jun 30, 2026, Stardust Power Inc. reported -$17.35M of net income.
- Net income, TTM
- -$17.35M
- Cash
- $540.3K
- Total debt
- $1.14M
FY2021FY2025
FY2024FY2025
SDST revenue and earnings growth
SDST EPSQ2 2026-$0.35
SDST diluted EPS was -$0.35 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$2.13.
SDST free cash flowQ2 2026-$1.95M
SDST free cash flow was -$1.95M in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$8.28M, compared with -$9.73M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Selling, general and admin | $16.08M | $17.97M | $5.23M | $1.98M | $3.60M |
| Operating income | -$16.08M | -$17.97M | -$2.27M | -$1.98M | -$3.60M |
| Interest expense | $422 | $50.5K | - | $100.0K | $100.0K |
| Net income | -$15.72M | -$23.75M | $139.0K | $15.07M | $4.71M |
| EPS, basic | -$2.13 | -$5.55 | - | - | $1.30 |
| EPS, diluted | -$2.13 | -$5.55 | - | - | $1.30 |
| Diluted shares | 7.4M | 4.3M | - | - | 2.9M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $3.48M | $912.6K | $1.27M | $101.0K | $842.0K |
| Current assets | $4.08M | $2.14M | $2.70M | $109.0K | $1.02M |
| Total assets | $11.78M | $9.02M | $3.02M | $304.78M | $301.10M |
| Current liabilities | $14.28M | $25.00M | $1.54M | $3.88M | $2.81M |
| Short-term debt | $205.4K | $10.01M | $73.0K | - | - |
| Long-term debt | $2.26M | - | - | - | - |
| Total debt | $2.47M | - | - | - | - |
| Total liabilities | $17.59M | $28.41M | $6.76M | $14.84M | $26.23M |
| Shareholders' equity | -$5.81M | -$19.39M | -$3.73M | -$3.73M | -$25.13M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$8.28M | -$9.72M | -$975.0K | -$1.53M | -$1.04M |
| Capital expenditures | $4.5K | $15.2K | - | - | - |
| Free cash flow | -$8.28M | -$9.73M | - | - | - |
| Investing cash flow | -$3.40M | -$4.79M | $263.25M | - | - |
| Financing cash flow | $14.24M | $14.15M | -$262.35M | $785.0K | $301.87M |
| Share repurchases | - | - | $265.05M | - | - |
| Stock-based compensation | $7.64M | $9.75M | - | - | - |
| Depreciation and amortization | $3.2K | $1.8K | - | - | - |
Key ratios
Income statement
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selling, general and admin | $3.89M | $3.98M | $3.47M | $3.83M | $3.04M | $5.75M | $6.49M | $8.98M | $1.27M | $1.24M | $3.54M | $778.5K |
| Operating income | -$3.89M | -$3.98M | -$3.47M | -$3.83M | -$3.04M | -$5.75M | -$6.49M | -$8.98M | -$1.27M | -$1.24M | -$3.54M | -$778.5K |
| Interest expense | $331.7K | $365.6K | $0 | $11.3K | $58.1K | $107.8K | $39.8K | $8.6K | $789 | $1.3K | - | $0 |
| Net income | -$3.90M | -$5.23M | -$3.75M | -$4.46M | -$3.70M | -$3.81M | -$9.57M | -$10.09M | -$2.69M | -$1.40M | -$3.29M | -$843.8K |
| EPS, basic | -$0.35 | -$0.53 | - | -$0.53 | -$0.59 | -$0.72 | -$2.22 | -$2.23 | -$0.70 | -$0.40 | - | -$0.20 |
| EPS, diluted | -$0.35 | -$0.53 | - | -$0.53 | -$0.59 | -$0.72 | -$2.22 | -$2.23 | -$0.70 | -$0.40 | - | -$0.20 |
| Diluted shares | 11.1M | 9.9M | - | 8.4M | 6.3M | 5.3M | - | 4.5M | 4.0M | 4.0M | - | 4.0M |
Balance sheet
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $540.3K | $1.24M | $3.48M | $1.59M | $2.61M | $1.59M | $912.6K | $1.59M | $642.0K | $388.4K | $1.27M | $957.7K |
| Current assets | $908.8K | $1.71M | $4.08M | $2.40M | $3.69M | $2.44M | $2.14M | $3.31M | $405.0K | - | $2.70M | $80.0K |
| Total assets | $9.05M | $9.44M | $11.78M | $10.04M | $11.30M | $11.45M | $9.02M | $5.38M | $1.94M | - | $3.02M | $42.70M |
| Current liabilities | $14.93M | $13.86M | $14.28M | $14.36M | $14.91M | $22.63M | $25.00M | $11.01M | $11.79M | - | $1.54M | $3.77M |
| Short-term debt | - | $103.8K | $205.4K | $304.7K | - | $6.33M | $10.01M | $383.8K | - | - | $73.0K | - |
| Long-term debt | $1.14M | $1.73M | $2.26M | - | - | - | - | - | - | - | - | - |
| Total debt | $1.14M | $1.83M | $2.47M | - | - | - | - | - | - | - | - | - |
| Total liabilities | $17.30M | $17.30M | $17.59M | $15.16M | $15.19M | $24.28M | $28.41M | $18.68M | $24.20M | - | $6.76M | $14.39M |
| Shareholders' equity | -$8.24M | -$7.87M | -$5.81M | -$5.12M | -$3.89M | -$12.84M | -$19.39M | -$13.30M | -$7.71M | -$5.07M | -$3.73M | -$2.83M |
Cash flow
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.94M | -$2.07M | -$1.73M | -$2.06M | -$1.62M | -$2.88M | -$1.21M | -$6.41M | -$1.17M | -$934.7K | -$296.0K | -$60.0K |
| Capital expenditures | $17.5K | $1.2K | - | - | - | - | $4.1K | $3.7K | $4.3K | $3.1K | - | - |
| Free cash flow | -$1.95M | -$2.07M | - | - | - | - | -$1.21M | -$6.41M | -$1.17M | -$937.8K | - | - |
| Investing cash flow | -$19.5K | -$174.8K | -$398.8K | -$784.6K | -$1.26M | -$960.3K | -$3.51M | -$778.9K | -$497.3K | -$3.1K | -$600.0K | -$300.0K |
| Financing cash flow | $1.26M | -$4.4K | $4.02M | $1.82M | $3.89M | $4.51M | $4.04M | $8.13M | $1.92M | $54.4K | $917.0K | $355.0K |
| Share repurchases | - | - | - | - | - | - | - | - | - | - | $0 | $0 |
| Stock-based compensation | $1.27M | $1.51M | $1.55M | $1.70M | $1.43M | $2.95M | $2.72M | $6.92M | $58.1K | $59.6K | - | - |
| Depreciation and amortization | $1.6K | $992 | $849 | $781 | $772 | $764 | $749 | $569 | $320 | $185 | - | - |
Key ratios
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.06 | 0.12 | 0.29 | 0.17 | 0.25 | 0.11 | 0.09 | 0.30 | 0.03 | - | 1.75 | 0.02 |
Source: XBRL data Stardust Power Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-10, first reported Nov 13, 2025.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
SDST peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| SDST | - | - | -$17.35M | - | - |
| LIN | $36.24B | +8.2% | $7.01B | 19.3% | $238.88B |
| APD | $12.60B | +4.5% | -$47.30M | -0.4% | $69.27B |
| DOW | $42.61B | +4.2% | -$897.00M | -2.1% | $22.41B |
| IFF | $11.69B | +24.3% | $182.00M | 1.6% | $21.14B |
| DD | $7.06B | +3.2% | $301.00M | 4.3% | $20.56B |
| LYB | $31.96B | +3.5% | $1.30B | 4.1% | $19.23B |
| ALB | $6.15B | +24.4% | $681.63M | 11.1% | $11.70B |
| SOLS | $4.17B | +9.4% | $325.00M | 7.8% | $10.01B |
SDST FAQ
4 questionsIs SDST profitable?
No. Stardust Power Inc. reported a net loss of $17.35M for the twelve months ended Jun 30, 2026.How much cash and debt does SDST have?
Stardust Power Inc. reported $540.3K in cash and cash equivalents and $1.14M of debt on its most recent balance sheet in SEC filings.When did SDST last report financial results?
The latest statements here come from Stardust Power Inc.'s 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.Where does this SDST financial data come from?
Quantisnow builds these statements from the structured XBRL data Stardust Power Inc. files with the SEC. It is provided for information only and is not investment advice.