---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-010634"
form_type: "8-K"
ticker: "SDST"
cik: "0001831979"
company_name: "Stardust Power Inc."
filed_at: "2026-03-18T23:59:59+00:00"
generated_at: "2026-05-15T09:55:32.840066+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Stardust Power reports FY 2025 net loss $15.7M; cash $3.5M and going concern doubt

## Summary
- Net loss improved to $15.7M from $23.8M; EPS loss of $2.13 vs $5.55.
- Cash and equivalents $3.5M; substantial doubt about ability to continue as going concern.
- Muskogee refinery FEL-3 study completed; Phase I CapEx ~$500M; air permit received.
- Raised $13.2M equity, up to $10M debt; established $10M ATM facility with B. Riley.
- Non-binding feedstock deals with Mandrake & Prairie for up to 13,500 LCE tonnes/yr.

## SEC filing metadata
- accession: 0001493152-26-010634
- form_type: 8-K
- ticker: SDST
- cik: 0001831979
- company_name: Stardust Power Inc.
- filed_at: 2026-03-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831979/000149315226010634/0001493152-26-010634-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831979/000149315226010634/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-010634
- JSON: https://secwatch.observer/filing/0001493152-26-010634.json
- Plain text: https://secwatch.observer/filing/0001493152-26-010634.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.