Stardust Power Inc. (SDST) Income Statement
SDST 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSDST revenue and net income
SDST growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SDST quarterly EPS vs estimates
Stardust Power beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 12, 2026 (estimate $-0.30).
SDST income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | $3,166 | $1,823 | $6 | — | — | — |
| Gross profit | −$3,166 | −$1,823 | −$6 | — | — | — |
| Sales, general & admin | $16.1M | $18.0M | $2.7M | — | — | — |
| Total operating expenses | $16.1M | $18.0M | $2.7M | $2.0M | $3.6M | $5,000 |
| Operating income | −$16.1M | −$18.0M | −$2.7M | −$2.0M | −$3.6M | −$5,000 |
| Interest income | $12,014 | $10,838 | — | — | — | — |
| Interest expense | $519,958 | $7.6M | $7,828 | — | — | — |
| Income before taxes | −$15.7M | −$23.8M | −$3.8M | $15.1M | $4.7M | −$5,000 |
| Income taxes | — | — | −$7 | — | — | — |
| Net income | −$15.7M | −$23.8M | −$3.8M | $15.1M | $4.7M | −$5,000 |
| EBITDA | −$15.2M | −$16.1M | −$3.8M | $15.1M | $4.7M | −$5,000 |
| EPS (diluted) | −$2.17 | −$5.07 | −$0.07 | $0.41 | $0.12 | $0.00 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | — | $992 | $849 | $781 | $772 | $764 | $749 | $1,074 | $320 | $185 | — | — |
| Gross profit | — | −$992 | −$849 | −$781 | −$772 | −$764 | −$749 | −$1,074 | −$320 | −$185 | — | — |
| Sales, general & admin | $3.9M | $4.0M | $3.5M | $3.8M | $3.0M | $5.7M | $6.5M | $9.0M | $1.5M | $1.2M | $1.4M | $778,455 |
| Total operating expenses | $3.9M | $4.0M | $3.5M | $3.8M | $3.0M | $5.7M | $6.5M | $9.0M | $1.3M | $1.2M | $3.5M | $297,000 |
| Operating income | −$3.9M | −$4.0M | −$3.5M | −$3.8M | −$3.0M | −$5.7M | −$6.5M | −$9.0M | −$1.3M | −$1.2M | −$3.5M | −$297,000 |
| Interest income | $2 | $0 | $0 | $4 | $4,731 | $7,279 | $7,441 | $3,397 | $215,000 | $0 | — | $0 |
| Interest expense | $331,715 | $592,793 | $68,865 | $66,042 | $78,789 | $306,263 | $7.6M | $8,558 | $789 | $1,289 | — | $0 |
| Income before taxes | −$3.9M | −$5.2M | −$3.7M | −$4.5M | −$3.7M | −$3.8M | −$9.6M | −$10.1M | −$2.7M | −$1.4M | −$3.3M | $390,000 |
| Income taxes | — | — | — | — | — | — | — | — | −$0 | $1 | $0 | — |
| Net income | −$3.9M | −$5.2M | −$3.7M | −$4.5M | −$3.7M | −$3.8M | −$9.6M | −$10.1M | −$2.7M | −$1.4M | −$3.3M | $390,000 |
| EBITDA | −$4.2M | −$4.6M | −$3.7M | −$4.4M | −$3.6M | −$3.5M | −$1.9M | −$10.1M | −$2.7M | −$1.4M | −$3.3M | $390,000 |
| EPS (diluted) | −$0.35 | −$0.53 | −$0.34 | −$0.53 | −$0.60 | −$0.70 | −$0.05 | −$2.20 | −$0.24 | −$2.59 | −$2.87 | $0.34 |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SDST's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SDST financial results
Stardust Power reported no revenue in fiscal year 2025 (ended December 31, 2025). It had a net loss of $15.7 million. Diluted earnings per share came to −$2.17.
See the SDST stock overview for the latest quote and news, or the SDST chart for price history and technical indicators.
SDST income statement FAQ
Does Stardust Power have revenue?
Stardust Power reported no revenue for fiscal year 2025, which ended on December 31, 2025.
Is Stardust Power profitable?
No. Stardust Power reported a net loss of $15.7 million in fiscal 2025.
What are Stardust Power's earnings per share?
Stardust Power earned $-2.17 per diluted share in fiscal 2025, compared with $-5.07 a year earlier.
When will Stardust Power report its next earnings?
Stardust Power is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 after the market closes.
When does Stardust Power's fiscal year end?
Stardust Power's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.