Stardust Power Inc. develops battery grade lithium products in the United States. The company is developing a lithium refinery in Muskogee, Oklahoma ...
Stardust Power Inc. (NASDAQ: SDST) is a specialty chemicals company dedicated to developing battery-grade lithium products in the United States. Its primary project is a lithium refinery in Muskogee, Oklahoma, designed to produce battery-grade lithium carbonate, a critical input for lithium-ion batteries used in electric vehicles and energy storage. The ...Stardust Power Inc. (NASDAQ: SDST) is a specialty chemicals company dedicated to developing battery-grade lithium products in the United States. Its primary project is a lithium refinery in Muskogee, Oklahoma, designed to produce battery-grade lithium carbonate, a critical input for lithium-ion batteries used in electric vehicles and energy storage. The company aims to strengthen America's energy security by creating a domestic supply chain for lithium, reducing reliance on foreign sources. Founded in 2022 by CEO Roshan Pujari, who has over 20 years of experience in investments and company formation, Stardust Power has grown rapidly, breaking ground on its Muskogee facility in January 2025. The company has secured a significant offtake agreement with Sumitomo Corporation and has been selected for national projects. With only 10 full-time employees, it operates as a lean startup but plans to scale. Financially, it is in the pre-revenue stage, with no sales yet and negative profitability metrics; however, it is investing heavily in capital projects. The company's enterprise value is approximately $9.55 million, and it holds debt and negative working capital typical for early-stage ventures. Stardust Power's mission is to produce lithium domestically, aiming to produce up to 50,000 tonnes per year initially, and to contribute to the global transition to clean energy. Key personnel include founder/CEO Roshan Pujari and CFO Uday Devasper. The company's long-term vision is to become a leading supplier of battery-grade lithium in the U.S., fostering local jobs and technological advancement.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$0
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Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-15.7M
+33.8%
+25.4%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
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Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
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Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
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Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-8.3M
+32.9%
+14.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
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Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
-58.5%
-13.2%
+97.6%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.28x
+231.9%
-50.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.