POLAR POWER, INC. financials
Source: EDGAR filings · Built 2026-06-19T01:25:55Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | -555.00K | -3.62M | -6.53M | -9.45M | -6.57M |
| EBITDA | -8.36M | -4.21M | -5.60M | -5.03M | -2.55M | -12.34M |
| Working Capital | -262.00K | 7.04M | 11.78M | 17.37M | 21.76M | 10.12M |
| Net Debt | 275.00K | 1.36M | 2.50M | 1.25M | -901.00K | 791.00K |
| Gross Margin | -50.06% | 9.41% | 4.54% | 13.23% | 20.39% | -62.26% |
| Operating Margin | -133.61% | -31.32% | -39.17% | -34.46% | -18.34% | -143.55% |
| Net Margin | -144.88% | -33.48% | -42.82% | -34.78% | -8.37% | -120.37% |
| Return on Equity (ROE) | -6342.36% | -54.95% | -49.65% | -30.71% | -6.08% | -94.60% |
| Return on Assets (ROA) | -87.51% | -26.66% | -25.92% | -23.09% | -5.20% | -61.08% |
| Current Ratio | 0.97× | 1.82× | 2.15× | 3.92× | 7.41× | 3.24× |
| Debt-to-Equity | 3.30× | 0.22× | 0.23× | 0.08× | 0.18× | 0.21× |
| Effective Tax Rate | — | — | — | — | — | 16.44% |
| Cash Conversion Ratio | 0.12× | 0.11× | 0.52× | 1.17× | 6.63× | 0.60× |
| Accruals Ratio | -0.77× | -0.24× | -0.12× | 0.04× | 0.29× | -0.24× |
| SBC % of Revenue | 34.14% | 17.07% | 20.92% | 3.21% | — | — |
| CapEx Coverage | — | -28.21× | -17.68× | -260.28× | -132.11× | -344.63× |
| Free Cash Flow Per Share | — | $-0.22 | $-1.91 | $-0.51 | $-0.74 | $-0.61 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 6.30M | 13.97M | 15.29M | 16.06M | 16.90M | 9.03M |
| Cost of Goods and Services Sold | 9.46M | 12.66M | 14.60M | 13.93M | 13.45M | 14.65M |
| Gross Profit | -3.16M | 1.31M | 695.00K | 2.13M | 3.44M | -5.62M |
| Research and Development Expense | 646.00K | 771.00K | 1.22M | 1.46M | 1.99M | 1.72M |
| Operating Expenses | 5.27M | 5.69M | 6.68M | 7.66M | 6.54M | 7.34M |
| Operating Income (Loss) | -8.42M | -4.38M | -5.99M | -5.53M | -3.10M | -12.96M |
| Income Tax Expense (Benefit) | — | — | — | — | — | -2.14M |
| Net Income (Loss) Attributable to Parent | -9.13M | -4.68M | -6.55M | -5.58M | -1.41M | -10.87M |
| Earnings Per Share, Basic | $-3.59 | $-1.86 | $-3.45 | $-0.43 | $-0.11 | — |
| Weighted Average Number of Shares Outstanding, Basic | 2.54M | 2.51M | 1.90M | 12.88M | 12.72M | — |
| Earnings Per Share, Diluted | $-3.59 | $-1.86 | $-3.45 | $-0.43 | — | — |
| Weighted Average Number of Shares Outstanding, Diluted | 2.54M | 2.51M | 1.90M | 12.88M | — | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 200.00K | 498.00K | 549.00K | 211.00K | 5.10M | 1.65M |
| Assets, Current | 10.03M | 15.60M | 21.99M | 23.32M | 25.15M | 14.64M |
| Assets | 10.44M | 17.55M | 25.26M | 24.19M | 27.18M | 17.80M |
| Long-term Debt | — | — | 64.00K | 268.00K | 510.00K | 777.00K |
| Liabilities, Current | 10.29M | 8.56M | 10.21M | 5.95M | 3.39M | 4.52M |
| Liabilities | 10.29M | 9.03M | 12.07M | 6.01M | 3.93M | 6.31M |
| Stockholders' Equity Attributable to Parent | 144.00K | 8.51M | 13.19M | 18.18M | 23.25M | 11.49M |
| Common Stock, Shares, Outstanding | 2.68M | 2.51M | 2.51M | 12.95M | 12.79M | 11.75M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -1.06M | -536.00K | -3.43M | -6.51M | -9.38M | -6.55M |
| Payments to Acquire Property, Plant, and Equipment | — | 19.00K | 194.00K | 25.00K | 71.00K | 19.00K |
| Net Cash Provided by (Used in) Investing Activities | — | -19.00K | -194.00K | -25.00K | -71.00K | -19.00K |
| Net Cash Provided by (Used in) Financing Activities | 763.00K | 504.00K | 3.96M | 1.64M | 12.91M | 5.37M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | — | — | -137.00K |
| EBITDA | 40.00K | -3.32M | -3.86M | -93.00K | -1.08M | -2.88M |
| Working Capital | 2.11M | -262.00K | 2.38M | 5.75M | 5.82M | 7.04M |
| Net Debt | 186.00K | 275.00K | 836.00K | 1.02M | 1.47M | 1.36M |
| Gross Margin | 65.68% | -357.50% | -177.53% | 34.34% | 18.57% | -58.73% |
| Operating Margin | 1.39% | -555.67% | -304.56% | -4.06% | -63.90% | -110.45% |
| Net Margin | -10.30% | -585.33% | -320.90% | -10.01% | -73.42% | -116.29% |
| Return on Equity (ROE) | -7.45% | -2438.89% | -140.91% | -3.88% | -17.44% | -35.82% |
| Return on Assets (ROA) | -1.55% | -33.65% | -33.09% | -1.64% | -7.62% | -17.38% |
| Current Ratio | 1.23× | 0.97× | 1.25× | 1.61× | 1.64× | 1.82× |
| Debt-to-Equity | 0.09× | 3.30× | 0.29× | 0.17× | 0.21× | 0.22× |
| Cash Conversion Ratio | 12.31× | 0.13× | 0.14× | 3.65× | 0.46× | 0.04× |
| Accruals Ratio | 0.18× | -0.29× | -0.28× | 0.04× | -0.04× | -0.17× |
| SBC % of Revenue | 29.75% | 88.83% | 42.42% | 18.50% | 33.49% | 20.02% |
| CapEx Coverage | — | — | — | — | — | -136.00× |
| Free Cash Flow Per Share | — | — | — | — | — | $-0.05 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.73M | 600.00K | 1.27M | 2.71M | 1.72M | 2.62M |
| Cost of Goods and Services Sold | 593.00K | 2.75M | 3.53M | 1.78M | 1.40M | 4.16M |
| Gross Profit | 1.14M | -2.15M | -2.26M | 930.00K | 320.00K | -1.54M |
| Research and Development Expense | 169.00K | 183.00K | 157.00K | 146.00K | 160.00K | 185.00K |
| Operating Expenses | 1.11M | 1.19M | 1.62M | 1.04M | 1.42M | 1.36M |
| Operating Income (Loss) | 24.00K | -3.33M | -3.88M | -110.00K | -1.10M | -2.90M |
| Net Income (Loss) Attributable to Parent | -178.00K | -3.51M | -4.08M | -271.00K | -1.26M | -3.05M |
| Earnings Per Share, Basic | $-0.05 | $-1.35 | $-1.63 | $-0.11 | $-0.50 | $-1.21 |
| Weighted Average Number of Shares Outstanding, Basic | 3.48M | 2.54M | 2.51M | 2.51M | 2.51M | 2.51M |
| Earnings Per Share, Diluted | $-0.05 | $-1.35 | $-1.63 | $-0.11 | $-0.50 | $-1.21 |
| Weighted Average Number of Shares Outstanding, Diluted | 3.48M | 2.54M | 2.51M | 2.51M | 2.51M | 2.51M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 27.00K | 200.00K | 4.00K | 175.00K | 68.00K | 498.00K |
| Assets, Current | 11.16M | 10.03M | 11.82M | 15.24M | 14.96M | 15.60M |
| Assets | 11.45M | 10.44M | 12.35M | 16.55M | 16.59M | 17.55M |
| Liabilities, Current | 9.06M | 10.29M | 9.45M | 9.49M | 9.14M | 8.56M |
| Liabilities | 9.06M | 10.29M | 9.45M | 9.56M | 9.34M | 9.03M |
| Stockholders' Equity Attributable to Parent | 2.39M | 144.00K | 2.90M | 6.98M | 7.25M | 8.51M |
| Common Stock, Shares, Outstanding | 3.64M | 2.68M | 2.51M | 2.51M | 2.51M | 2.51M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -2.19M | -472.00K | -589.00K | -988.00K | -584.00K | -136.00K |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | — | 1.00K |
| Net Cash Provided by (Used in) Investing Activities | — | — | — | — | — | -1.00K |
| Net Cash Provided by (Used in) Financing Activities | 2.02M | 668.00K | 95.00K | 665.00K | 154.00K | 137.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (POLA CIK 0001622345),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.