Stock

Stardust Power

SDST

Chemicals - Specialty · Basic Materials

Price

$0.14

-0.03 (-15.88%)

pre-market:$0.16+9.72%

Market Cap

$1.5M

Exchange

NASDAQ Capital Market

Winston Score

–

No score yet — nothing to grade.

This is a pre-revenue company — it has no sales yet, just exploration or development costs. There’s no operating business to grade on profitability, margins or cash flow, so the Winston Score stays blank until it starts booking revenue.

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Share count rising — dilution

+96.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 3.8M (2021) → 7.4M (2025)

§Winston Score History

The full picture

Stardust Power is a startup focused on building a lithium refinery in the United States. Lithium is a key ingredient in batteries used for electric vehicles and energy storage systems. The company aims to produce battery-grade lithium hydroxide and lithium carbonate for sale to battery manufacturers and automakers.

Stardust Power plans to generate revenue by selling refined lithium products to customers in the growing EV supply chain. The company is based in the U.S. and is still in its early, pre-revenue stage, meaning it has not yet begun commercial production. Its potential advantage lies in domestic lithium refining, which could benefit from U.S. government incentives to reduce reliance on foreign supply chains. The key risk is significant: as a pre-revenue company, Stardust Power must secure substantial funding and successfully build and operate its refinery before it can generate meaningful income.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

+40.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

Research and development spending

Insider Activity

46.3%ownership

Insiders own a meaningful stake in the company

Cash Runway

~1 months

$569,066 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Stardust Power has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

N/A

—

Data not available

Profit after running costs

Operating Margin

N/A

—

Data not available

Return on the money invested

ROCE

N/A

—

Data not available

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Growth

Sales growth

Sales YoY

N/A

—

Data not available

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

N/A

—

Data not available

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Stability

What it owes vs what it owns

Debt / Equity

N/A

—

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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