The company reported a GAAP loss of $0.53 per share, missing estimates by $0.14 amid ongoing capital deployment.
Stardust Power reported a first-quarter GAAP loss of $0.53 per share, exceeding the expected loss by $0.14. The company’s net loss widened to $5.2 million for the period ended March 31, 2026, compared to $3.8 million in the same period last year.
Cash reserves declined to $1.2 million as of March 31, 2026, down from $3.5 million at the end of 2025. The company attributed the reduction to continued investments in engineering and site readiness.
No immediate market reaction was disclosed in the release.