Stardust Power Inc.

SDSTNASDAQIndustrials● Active

$2.02

$-0.02(-0.98%)

Market Cap$17101884

P/E Ratio—

52W High$7.67

52W Low$1.43

Avg Volume192K

Open$2.00

Beta0.57

Free Cash Flow Financials Revenue

Stardust Power Inc. (SDST) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

SDST · free cash flow · updated Jun 8, 2026

Core FCF metrics

SDST · FCF · TTM · margin & CAGR

Free cash flow was −$8.3M for FY2025 (fiscal year ending 2025-12-31), up 32.9% year-over-year

FY2025 Free Cash Flow−$8.3M▲ +32.9% YoY

Trailing 12M (TTM)−$6.7Mtrailing 4 quarters sum

FCF Margin——

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

SDST · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$8.3M(0M)−$8.3M▲ +32.9%—

FY2024−$9.7M(3M)−$12.4M▼ 300.9%—

FY2023−$3.0M(0M)−$3.1M▼ 102.2%—

FY2022−$1.5M(0M)−$1.5M▼ 46.2%—

FY2021−$1.0M(0M)−$1.0M——

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

SDST · P/FCF · FCF yield · FCF per share

Stardust Power Inc. (SDST) reported negative free cash flow of −$0.01B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

SDST · cash flow statement · operating / investing / financing

For FY2025, Stardust Power Inc. generated −$8.3M in operating cash flow and spent 0M in capital expenditures, yielding −$8.3M in free cash flow.

Operating Activities

−$8.3M

Cash from core business operations

2025-12-31

Investing Activities

−$3.4M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$14.2M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$8.3M) − |CapEx| (0M) = FCF (−$8.3M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

SDST vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Stardust Power Inc.YOU

SDST

−$8.3M+32.9%—

Loss

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Stardust Power Inc. (SDST) reported free cash flow of −$8.3M for FY2025 (fiscal year ending 2025-12-31), up 32.9% year-over-year.

Stardust Power Inc. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 5 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

SDST free cash flow · 8 questions

Stardust Power Inc. free cash flow was −$8.3M for FY2025, up 32.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$6.7M.

SDST free cash flowSDST FCFSDST FCF 2025SDST free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Stardust Power Inc. · Stardust Power Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026