Stardust Power (SDST) Cash Flow: Operating & Free Cash Flow

Stardust Power Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Stardust Power Inc. (SDST) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Operating Activities
Net Income	-15.72	-23.75	-3.79	15.07	4.71
Depreciation & Amortization	0.00	0.00	0.00	0.00	0.00
Stock Based Compensation	0.00	9.75	0.00	0.00	0.00
Change in Working Capital	0.29	-1.48	0.09	0.46	2.56
Change in Accounts Payable	0.00	-3.39	0.00	0.00	0.00
Change in Other Working Capital	0.29	7.31	0.09	0.46	2.56
Other Operating Activities	7.15	7.31	0.72	-17.05	-8.30
Net Cash from Operating Activities	-8.28	-9.72	-2.98	-1.53	-1.04
Investing Activities
Capital Expenditures	-0.02	-2.65	-0.10	0.00	0.00
Purchases of Investments	0.00	-1.60	-0.20	0.00	-300.00
Sales/Maturities of Investments	0.57	0.00	0.00	0.00	0.00
Other Investing Activities	0.00	-0.54	0.00	0.00	0.00
Net Cash from Investing Activities	-3.40	-4.79	-0.30	0.00	-300.00
Financing Activities
Debt Repayment	-3.60	-1.89	4.64	0.79	-0.20
Common Stock Issued	17.75	0.26	0.01	0.00	302.07
Common Stock Repurchased	0.00	-0.01	0.00	0.00	0.00
Other Financing Activities	0.10	8.06	-0.10	0.00	0.00
Net Cash from Financing Activities	14.24	14.15	4.56	0.79	301.87
Summary
Effect of Forex Changes on Cash	0.00	0.00	-0.10	0.00	0.00
Net Change in Cash	2.57	-0.36	1.17	-0.74	0.82
Cash at Beginning of Period	0.91	1.27	0.10	0.84	0.02
Cash at End of Period	3.48	0.91	1.27	0.10	0.84
Free Cash Flow	-8.30	-12.37	-3.09	-1.53	-1.04
Supplemental Disclosures
Interest Paid	-	0.02	0.01	-	-
Income Taxes Paid	-	0.00	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Stardust Power Cash Flow

What is Stardust Power's free cash flow?

Stardust Power had negative free cash flow of $8.30M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$8.28M minus $21.11K of capital expenditures.

How much does Stardust Power spend on capital expenditures?

Stardust Power spent $21.11K on capital expenditures in fiscal 2025, compared with $2.65M a year earlier.

Does Stardust Power pay dividends or buy back shares?

Yes. In fiscal 2025 Stardust Power returned $1.59K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition