Stardust Power (SDST) Operating Expenses (2021 - 2025)

Stardust Power (SDST) posted Operating Expenses of $3.7 million for Q4 2025, down 7.38% on a QoQ basis from $4.0 million in Q3 2025, and down 45.91% year-over-year from $6.9 million in Q4 2024.

Stardust Power (SDST) Operating Expenses (2021 - 2025) Analysis & Trends

Stardust Power's Operating Expenses history runs 5 years deep, the most recent figure standing at $3.7 million for 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 was $3.7 million for Q4 2025 at Stardust Power, down from $4.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $9.4 million in Q3 2024 and bottomed at $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 sank 78.3% — and 2023, when it soared 766.27%.
  • Stardust Power's Operating Expenses stood at $256000.0 in 2021, then gained by 28.12% to $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.
  • Business Quant data shows SDST's Operating Expenses at $3.7 million in Q4 2025, $4.0 million in Q3 2025, and $3.3 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 2.76 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 451.80 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 153.35 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 241.50 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 249.90 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 132.60 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 413.10 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 30.13 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 589.73 Mn
10 Stardust Power 12.41 Mn 12.41 Mn - 3.71 Mn

Historic Data

Download Data
DateValue
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
Mar 31, 2021 219,000.00