Stardust Power Reports Q2 2026 Loss; Focus on Financing and Project Development
Stardust Power Inc. reported a loss of $0.35 per share for Q2 2026, slightly better than the expected $0.36. With cash reserves declining to $0.5 million, the company emphasizes the urgency of securing external financing as it progresses with its lithium refinery project in Muskogee, Oklahoma.
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Stardust Power Inc. recorded a net loss of $3.9 million in Q2 2026, compared to $3.7 million in the same quarter the previous year. The company's cash and cash equivalents fell to $0.5 million from $3.5 million at the end of 2025.
The loss per share improved to $0.35 from $0.59 year-over-year. Key engineering phases and major permit approvals for the lithium refinery in Muskogee are complete, but the company remains dependent on capital markets for financing.
The stock closed at $0.68, increasing 0.92% during regular trading, yet fell 1.46% in after-hours trading. The management highlighted the completion of significant engineering milestones while focusing on financing construction, yet risks include ongoing cash flow deficits and additional financing needs.
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