Stardust Power (SDSTW) Operating Expenses (2021 - 2025)
Stardust Power (SDSTW) reported Operating Expenses of $3.7 million for Q4 2025, down 45.91% on a YoY basis from $6.9 million in Q4 2024, and down 7.38% quarter-over-quarter from $4.0 million in Q3 2025.
Stardust Power (SDSTW) Operating Expenses (2021 - 2025) Analysis & Trends
Stardust Power has reported Operating Expenses for 5 years, with the latest figure at $3.7 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses fell 45.91% year-over-year to $3.7 million; the trailing twelve-month figure through Dec 2025 stood at $17.1 million (down 10.24% YoY), and the FY2025 full-year result was $17.4 million, down 8.63% from the prior year.
- Operating Expenses for Q4 2025 stood at $3.7 million, down from $4.0 million in the prior quarter.
- The five-year high for Operating Expenses was $9.4 million in Q3 2024, with the low at $219000.0 in Q1 2021.
- Historically, Operating Expenses has averaged $2.4 million across 5 years, with a median of $1.4 million in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses slumped 78.3% — and 2024, when it soared 997.01%.
- Stardust Power's Operating Expenses 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 395.03 Bn | 394.98 Bn | - | - |
| 2 | Vertiv Holdings | 110.52 Bn | 108.02 Bn | 999.70 Mn | 451.80 Mn |
| 3 | Bloom Energy | 73.12 Bn | 70.66 Bn | 225.54 Mn | 153.35 Mn |
| 4 | nVent Electric | 26.38 Bn | 26.19 Bn | 445.60 Mn | 249.90 Mn |
| 5 | Hubbell | 25.79 Bn | 25.28 Bn | 505.30 Mn | 241.50 Mn |
| 6 | Advanced Energy Industries | 11.69 Bn | 11.69 Bn | 200.90 Mn | 132.60 Mn |
| 7 | Ballard Power Systems | 11.51 Bn | 10.98 Bn | 5.64 Mn | 16.90 Mn |
| 8 | Powell Industries | 10.32 Bn | 9.77 Bn | 87.94 Mn | 30.13 Mn |
| 9 | Acuity Inc. (De) | 9.21 Bn | 8.94 Bn | 520.40 Mn | 387.40 Mn |
| 10 | Stardust Power | - | - | - | 3.71 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 853,455.00 |
| 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 |