Stardust Power (SDST) Operating Expenses (2021 - 2026)
Stardust Power's (SDST) quarterly Operating Expenses came in at $4.3 million in Q2 2026, up 28.92% on a YoY basis from $3.3 million in Q2 2025, and up 16.13% quarter-over-quarter from $3.7 million in Q4 2025.
Analysis
Stardust Power (SDST) Operating Expenses (2021 - 2026) Analysis & Trends
Stardust Power (SDST) has reported Operating Expenses for 6 consecutive years, with $4.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 28.92% year-over-year to $4.3 million; the trailing twelve-month figure through Jun 2026 stood at $15.3 million (down 40.04% YoY), and the FY2025 full-year result was $17.4 million, down 8.63% from the prior year.
- Operating Expenses grew to $4.3 million in Q2 2026 per SDST's latest filing, from $3.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $9.4 million in Q3 2024 and bottomed at $266000.0 in Q1 2022.
- Historically, Operating Expenses has averaged $2.9 million across 5 years, with a median of $2.0 million in 2023.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses tumbled 78.3% in 2022, then jumped 766.27% in 2023.
- Over 5 years, Operating Expenses stood at $328000.0 in 2022, then surged by 766.27% to $2.8 million in 2023, then surged by 141.09% to $6.9 million in 2024, then sank by 45.91% to $3.7 million in 2025, then rose by 16.13% to $4.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $4.3 million, $3.7 million, and $4.0 million for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chemical & Mining Co Of Chile | 21.57 Bn | 17.22 Bn | 1.26 Bn | -52.40 Mn |
| 2 | Albemarle | 14.91 Bn | 13.28 Bn | 590.30 Mn | - |
| 3 | Lithium Americas | 1.19 Bn | -93.18 Mn | - | 15.14 Mn |
| 4 | Sigma Lithium | 1.18 Bn | 1.16 Bn | 32.81 Mn | -25.24 Mn |
| 5 | Lithium Argentina AG | 1.10 Bn | 941.56 Mn | 110.99 Mn | -6.65 Mn |
| 6 | Solid Power | 552.51 Mn | 552.51 Mn | -1.85 Mn | 30.02 Mn |
| 7 | Standard Lithium | 488.07 Mn | 350.82 Mn | - | 3.05 Mn |
| 8 | American Battery Technology | 355.35 Mn | 316.07 Mn | 737,749.00 | 35.14 Mn |
| 9 | Atlas Lithium | 96.89 Mn | 60.40 Mn | - | 11.83 Mn |
| 10 | Stardust Power | 1.75 Mn | 1.75 Mn | - | 4.30 Mn |
Historic Data
Download Data
Historic 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 |