- Stardust Solar (TSXV:SUN) released financial results for Q3 2025, posting record revenue and achieving its first quarter in positive EBITDA territory
- Stardust Solar is a North American franchise specializing in renewable energy installation
- Stardust Solar stock has given back 12.50 per cent year-over-year and 25 per cent since inception in October 2024
Stardust Solar (TSXV:SUN) released financial results for Q3 2025, posting record revenue of C$1.78 million, up by 99 per cent year-over-year, and marking its first quarter in positive EBITDA territory, earning C$16,293. Here are the highlights:
- The company secured a quarterly record of C$2.55 million in new contracts, up by 206 per cent YoY, bringing its backlog to C$4.4 million.
- Operating cash flow of C$131,000, also marking Stardust’s first positive quarter under the metric.
- Gross margin of 44 per cent, up from 31 per cent YoY, with the year-to-date margin also at 44 per cent, up from 29 per cent YoY.
- Operating expenses of C$812,628, up by 14 per cent YoY, reflecting higher advertising, promotion, professional and administrative costs underpinning growth initiatives.
- Cash and cash equivalents of C$340,000 as of September 30, 2024, up from -C$171,000 as of June 30, 2025.
A net loss for the quarter of C$25,018, representing a 95 per cent quarter-over-quarter improvement in net loss margin, shows the company to be on the verge of bottom-line profitability.
Stardust Solar’s near-term focus includes continued growth in franchising and direct product sales, supported by disciplined deployments of working capital towards greater supply-chain efficiency and long-term cash flow.
Management commentary
“Q3 proves our model is scaling with discipline,” Mark Tadros, founder and chief executive officer of Stardust Solar, said in Tuesday’s news release. “Most importantly, our net loss narrowed to just C$25,000 with positive operating cash flow, showing clear progress towards consistent profitability. We are focused on converting backlog into revenue, supporting our franchise partners and tightly managing working capital.”
About Stardust Solar
Stardust Solar is a North American franchise specializing in renewable energy installation, including solar panels (PV), energy storage systems and electric vehicle supply equipment.
Stardust Solar stock (TSXV:SUN) is up by 5 per cent on the news trading at C$0.10 as of 9:58 am ET. The stock has given back 12.50 per cent year-over-year and 25 per cent since inception in October 2024.
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