Stardust Power Inc. SDST
Nasdaq · XNAS · stock · Primary Smelting & Refining of Nonferrous Metals
Chart by TradingView
2/9
Piotroski F — financial health
-34.13
Altman Z″ — distress risk · distress
—
Dividend payout · no dividend
Financials & ratios (annual, from 10-K)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Financials | |||||
| Operating income | -$16.1M | -$18.0M | -$2.3M | -$2.0M | -$3.6M |
| Net income | -$3.8M | -$23.8M | $139,000 | $15.1M | $4.7M |
| Operating cash flow | -$8.3M | -$9.7M | -$975,000 | -$1.5M | -$1.0M |
| Free cash flow | -$8.3M | -$9.7M | — | — | — |
| Total assets | $11.8M | $9.0M | $3.0M | $304.8M | $301.1M |
| Total liabilities | $17.6M | $28.4M | $6.8M | $14.8M | $26.2M |
| Shareholders' equity | -$5.8M | -$19.4M | -$3.7M | -$14.7M | -$25.1M |
| Ratios | |||||
| Return on assets | -32.4% | -263.3% | 4.6% | 4.9% | 1.6% |
| Return on equity | 65.5% | 122.5% | -3.7% | -102.3% | -18.7% |
| Current ratio | 0.29 | 0.09 | 1.75 | 0.03 | 0.37 |
Why these scores methodology →
Piotroski F-score: 2/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: -34.13 (distress)
- Working capital / assets -0.866
- Retained earnings / assets -5.804
- EBIT / assets -1.366
- Equity / liabilities -0.331
Sector peers
VFS · TM · HMC · SONY · AAPL · XOM · all Manufacturing →
Source: SEC EDGAR filings · CIK 0001831979 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.