Polar Power, Inc. (POLA) Financial Statements
Industry: Miscellaneous Electrical Machinery, Equipment & Supplies
In fiscal 2025, Polar Power reported revenue of $6.3M, down 54.9% from $14.0M the year before. Net income was -$9.1M (a -144.9% net margin), or -$3.59 per diluted share. Gross margin was -50.1% and operating margin was -133.6%. Operating activities generated -$1.1M of cash, leaving -$1.1M of free cash flow. At fiscal year end, Polar Power held $10.4M in total assets against $10.3M in total liabilities, including $200,000 of cash and equivalents.
Open the full interactive Polar Power financials → Quarterly statements, key ratios, valuation history and price charts.
Polar Power Key Stats
| Share Price | $1.10 |
|---|---|
| Market Cap | $4.1M |
| Revenue YoY Growth | -54.9% |
| 52-Week Range | $1.08 – $5.27 |
| Shares Outstanding | 3.7 million (basic, 2026 Q2) |
Polar Power Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $9.0M | $16.9M | $16.1M | $15.3M | $14.0M | $6.3M |
| Cost of Goods Sold | $14.7M | $13.5M | $13.9M | $14.6M | $12.7M | $9.5M |
| Gross Profit | -$5.6M | $3.4M | $2.1M | $695,000 | $1.3M | -$3.2M |
| Operating Income | -$13.0M | -$3.1M | -$5.5M | -$6.0M | -$4.4M | -$8.4M |
| Pre-Tax Income | -$13.0M | -$1.4M | -$5.6M | -$6.5M | -$4.7M | -$9.1M |
| Income Tax | -$2.1M | — | — | — | — | — |
| Net Income | -$10.9M | -$1.4M | -$5.6M | -$6.5M | -$4.7M | -$9.1M |
| Diluted EPS | -$7.07 | -$0.77 | — | -$3.43 | -$1.86 | -$3.59 |
Polar Power Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.3M | $600,000 | $1.7M | $1.0M |
| Net Income | -$4.1M | -$3.5M | -$178,000 | -$1.8M |
| Diluted EPS | -$1.63 | -$1.38 | -$0.05 | -$0.49 |
Polar Power Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.6M | $5.1M | $211,000 | $549,000 | $498,000 | $200,000 |
| Current Assets | $14.6M | $25.2M | $23.3M | $22.0M | $15.6M | $10.0M |
| Total Assets | $17.8M | $27.2M | $24.2M | $25.3M | $17.5M | $10.4M |
| Current Liabilities | $4.5M | $3.4M | $6.0M | $10.2M | $8.6M | $10.3M |
| Total Long-Term Debt | $777,000 | $510,000 | $268,000 | $64,000 | — | — |
| Total Liabilities | $6.3M | $3.9M | $6.0M | $12.1M | $9.0M | $10.3M |
| Shareholders' Equity | $11.5M | $23.2M | $18.2M | $13.2M | $8.5M | $144,000 |
Polar Power Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$6.5M | -$9.4M | -$6.5M | -$3.4M | -$536,000 | -$1.1M |
| Cash From Investing | -$19,000 | -$71,000 | -$25,000 | -$194,000 | -$19,000 | — |
| Cash From Financing | $5.4M | $12.9M | $1.6M | $4.0M | $504,000 | $763,000 |
| Free Cash Flow | -$6.6M | -$9.5M | -$6.5M | -$3.6M | -$555,000 | -$1.1M |
Figures from Polar Power's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Polar Power financials page for every line item.
Polar Power Company Profile
| Ticker | POLA |
|---|---|
| Exchange | Nasdaq |
| Industry | Miscellaneous Electrical Machinery, Equipment & Supplies |
| Headquarters | Gardena, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001622345 |
Frequently Asked Questions
What was Polar Power's revenue in fiscal 2025?
Polar Power (POLA) reported revenue of $6.3M for fiscal 2025.
What is Polar Power's annual revenue history?
Polar Power's annual revenue by fiscal year: 2020: $9.0M; 2021: $16.9M; 2022: $16.1M; 2023: $15.3M; 2024: $14.0M; 2025: $6.3M.
What was Polar Power's net income in fiscal 2025?
Polar Power reported net income of -$9.1M for fiscal 2025.
What was Polar Power's earnings per share (EPS) in fiscal 2025?
Polar Power's diluted EPS was -$3.59 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Polar Power generate in fiscal 2025?
Polar Power generated -$1.1M of free cash flow in fiscal 2025.
What was Polar Power's revenue last quarter?
In its most recent reported quarter (2026 Q2), Polar Power reported revenue of $1.0M.
How many shares of Polar Power are outstanding?
Polar Power reported a weighted average of 3.7 million basic shares outstanding in 2026 Q2.
What is Polar Power's market cap?
Based on its latest closing price, Polar Power (POLA) has a market capitalization of about $4.1M.
When does Polar Power's fiscal year end?
Polar Power's fiscal year end, as registered with the SEC, is December 31.
Where is Polar Power headquartered?
Polar Power lists its business address in Gardena, California in its SEC filings.
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