Stardust Solar loses $25,018 in Q3 2025

Executive Summary

• Stardust Solar Energy Inc. reported its first EBITDA‑positive quarter, posting Q3 2025 EBITDA of $16,293.
• Record Q3 revenue of $1.78 million (up 99% YoY) with a gross margin improvement to 44%.
• Signed contracts reached $2.55 million in the quarter, raising total backlog to $4.4 million.

Key Details

• Revenue: $1.78 M for Q3 2025 (+99% YoY).
• Gross Margin: 44% in Q3 2025 vs. 31% in Q3 2024; YTD margin also 44% vs. 29% YTD 2024.
• EBITDA: $16,293 – first positive EBITDA quarter since IPO.
• Net Loss: $25,018 for the quarter (loss per share = $0.00), net loss margin improved to –1% from –39% in Q2 2025.
• Operating Expenses: $812,628 (‑14% YoY) driven by higher advertising, promotion, professional and administrative costs.
• Signed Contracts: $2.55 M signed in Q3 2025 (+206% YoY), increasing backlog to $4.4 M (+38% vs. 30 Jun 2025).
• Liquidity: Cash & cash equivalents of $340,000 at quarter‑end (up from $171,000 on 30 Jun 2025).
• Operating Cash Flow: Positive $131,000 – first positive operating cash flow quarter.
• Nine‑Month Results (ended 30 Sep 2025): Revenue $3.99 M (+40% YoY).
• Trailing‑12‑Month Revenue: Approximately $4.8 M (+32% YoY).

Notable Quotes

“Q3 proves our model is scaling with discipline,” said Mark Tadros, Founder and CEO. “We delivered record revenue, first‑ever EBITDA positivity… Most importantly, our net loss narrowed to just $25,000 with positive operating cash flow, showing clear progress toward consistent profitability.”