Stardust Power (SDST) Operating Expenses (2021 - 2026)
Stardust Power's (SDST) quarterly Operating Expenses came in at $3.7 million in Q4 2025, down 45.91% YoY from $6.9 million in Q4 2024, and down 7.38% on a QoQ basis from $4.0 million in Q3 2025.
Stardust Power (SDST) Operating Expenses (2021 - 2026) Analysis & Trends
Stardust Power (SDST) has 5 years of Operating Expenses data on file, last reported at $3.7 million in Q4 2025.
- Quarterly Operating Expenses fell 45.91% year-over-year to $3.7 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $17.1 million (down 10.24% YoY) and the FY2025 annual result came in at $17.4 million, down 8.63% from the prior year.
- Operating Expenses declined to $3.7 million in Q4 2025, from $4.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $9.4 million in Q3 2024 to a low of $219000.0 in Q1 2021.
- A 5-year average of $2.4 million and a median of $1.5 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses slumped 78.3% — and 2023, when it soared 766.27%.
- Tracing SDST's Operating Expenses over 5 years: stood at $256000.0 in 2021, then increased by 28.12% to $328000.0 in 2022, then soared by 766.27% to $2.8 million in 2023, then soared by 141.09% to $6.9 million in 2024, then tumbled by 45.91% to $3.7 million in 2025.
- The last three Operating Expenses figures came in at $3.7 million (Q4 2025), $4.0 million (Q3 2025), and $3.3 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 490.50 Mn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 173.34 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 257.30 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 264.40 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 141.00 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 413.10 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 31.00 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 151.24 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 72.69 Mn |
| 10 | Stardust Power | 6.31 Mn | 6.31 Mn | - | 4.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.30 Mn |
| Dec 31, 2025 | 3.71 Mn |
| Sep 30, 2025 | 4.00 Mn |
| Jun 30, 2025 | 3.34 Mn |
| Mar 31, 2025 | 6.04 Mn |
| Dec 31, 2024 | 6.85 Mn |
| Sep 30, 2024 | 9.36 Mn |
| Jun 30, 2024 | 1.47 Mn |
| Mar 31, 2024 | 1.35 Mn |
| Dec 31, 2023 | 2.84 Mn |
| Sep 30, 2023 | 1.98 Mn |
| Jun 30, 2023 | 388,000.00 |
| Mar 31, 2023 | 1.15 Mn |
| Dec 31, 2022 | 328,000.00 |
| Sep 30, 2022 | 1.44 Mn |
| Jun 30, 2022 | 479,000.00 |
| Mar 31, 2022 | 266,000.00 |
| Dec 31, 2021 | 256,000.00 |
| Sep 30, 2021 | 1.07 Mn |
| Jun 30, 2021 | 2.21 Mn |