Polar Power, Inc. (POLA)
NASDAQ: POLA · Real-Time Price · USD
1.880
+0.090 (5.03%)
At close: Apr 28, 2026, 4:00 PM EDT
1.835
-0.045 (-2.39%)
Pre-market: Apr 29, 2026, 4:14 AM EDT
Polar Power Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
| Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| Revenue | 6.3 | 13.97 | 15.29 | 16.06 | 16.9 | |
| Revenue Growth (YoY) | -54.87% | -8.65% | -4.75% | -4.97% | 87.09% | |
| Cost of Revenue | 9.46 | 12.66 | 14.6 | 13.93 | 13.45 | |
| Gross Profit | -3.16 | 1.31 | 0.7 | 2.13 | 3.45 | |
| Selling, General & Admin | 4.17 | 4.92 | 5.46 | 6.2 | 4.56 | |
| Research & Development | 0.65 | 0.77 | 1.22 | 1.46 | 1.99 | |
| Operating Expenses | 4.81 | 5.69 | 6.69 | 7.66 | 6.54 | |
| Operating Income | -7.97 | -4.38 | -5.99 | -5.53 | -3.1 | |
| Interest Expense | -0.72 | -0.65 | -0.56 | -0.06 | -0.06 | |
| Interest & Investment Income | - | 0.22 | - | - | - | |
| Other Non Operating Income (Expenses) | -0.1 | 0.13 | 0 | 0.01 | 0.03 | |
| EBT Excluding Unusual Items | -8.79 | -4.68 | -6.55 | -5.58 | -3.13 | |
| Asset Writedown | -0.35 | - | - | - | - | |
| Other Unusual Items | - | - | - | - | 1.72 | |
| Pretax Income | -9.13 | -4.68 | -6.55 | -5.58 | -1.41 | |
| Net Income | -9.13 | -4.68 | -6.55 | -5.58 | -1.41 | |
| Net Income to Common | -9.13 | -4.68 | -6.55 | -5.58 | -1.41 | |
| Shares Outstanding (Basic) | 3 | 3 | 2 | 2 | 2 | |
| Shares Outstanding (Diluted) | 3 | 3 | 2 | 2 | 2 | |
| Shares Change (YoY) | 1.27% | 32.13% | 3.21% | 1.24% | 17.60% | |
| EPS (Basic) | -3.59 | -1.86 | -3.45 | -3.04 | -0.78 | |
| EPS (Diluted) | -3.59 | -1.86 | -3.45 | -3.04 | -0.78 | |
| Free Cash Flow | -1.06 | -0.56 | -3.62 | -6.53 | -9.45 | |
| Free Cash Flow Per Share | -0.42 | -0.22 | -1.91 | -3.55 | -5.20 | |
| Gross Margin | -50.06% | 9.41% | 4.54% | 13.23% | 20.39% | |
| Operating Margin | -126.40% | -31.32% | -39.17% | -34.46% | -18.34% | |
| Profit Margin | -144.88% | -33.48% | -42.82% | -34.78% | -8.37% | |
| Free Cash Flow Margin | -16.83% | -3.97% | -23.70% | -40.68% | -55.94% | |
| EBITDA | -7.9 | -4.21 | -5.6 | -5.03 | -2.55 | |
| EBITDA Margin | -125.33% | -30.12% | -36.64% | -31.30% | -15.09% | |
| D&A For EBITDA | 0.07 | 0.17 | 0.39 | 0.51 | 0.55 | |
| EBIT | -7.97 | -4.38 | -5.99 | -5.53 | -3.1 | |
| EBIT Margin | -126.40% | -31.32% | -39.17% | -34.46% | -18.34% | |
Source: S&P Capital IQ. Standard template.
Financial Sources.