Polar Power financials
$1.23−2.38%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.3M | $14.0M | $15.3M | $16.1M | $16.9M | $9.0M | $24.8M | $24.0M | $14.4M | $22.8M |
| Gross profit | -$3.2M | $1.3M | $695.0K | $2.1M | $3.4M | -$5.6M | $4.9M | $7.4M | $4.8M | $10.2M |
| Gross margin | −50.1% | 9.4% | 4.5% | 13.2% | 20.4% | −62.3% | 19.8% | 30.9% | 33.0% | 44.7% |
| Operating income | -$8.4M | -$4.4M | -$6.0M | -$5.5M | -$3.1M | -$13.0M | -$4.0M | -$1.1M | -$802.0K | $7.4M |
| Net income | -$9.1M | -$4.7M | -$6.5M | -$5.6M | -$1.4M | -$10.9M | -$4.0M | -$848.3K | -$757.4K | $4.4M |
| Net margin | −144.9% | −33.5% | −42.8% | −34.8% | −8.4% | −120.4% | −16.3% | −3.5% | −5.3% | 19.3% |
| Diluted EPS | $-3.59 | $-1.86 | $-3.45 | $-3.01 | $-0.77 | $-7.07 | $-2.80 | $-0.56 | $-0.49 | $4.06 |
| EBITDA | -$7.9M | -$4.2M | -$5.6M | -$5.0M | -$2.5M | -$12.3M | -$3.4M | -$713.2K | -$546.3K | $7.6M |
| Operating cash flow | -$1.1M | -$536.0K | -$3.4M | -$6.5M | -$9.4M | -$6.5M | -$2.2M | -$7.8M | -$1.6M | $604.9K |
| Free cash flow | -$1.1M | -$555.0K | -$3.6M | -$6.5M | -$9.5M | -$6.6M | -$2.5M | -$8.4M | -$1.9M | $439.8K |
| Diluted shares | 2.5M | 2.5M | 1.9M | 1.8M | 1.8M | 1.5M | 1.4M | 1.4M | 1.4M | 1.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $200.0K | $498.0K | $549.0K | $211.0K | $5.1M | $1.6M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $4.5M | $4.8M | $4.3M | $2.2M | $510.0K | $2.5M |
| Total assets | $10.4M | $17.5M | $25.3M | $24.2M | $27.2M | $17.8M |
| Total liabilities | $10.3M | $9.0M | $12.1M | $6.0M | $3.9M | $6.3M |
| Shareholders' equity | $144.0K | $8.5M | $13.2M | $18.2M | $23.3M | $11.5M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology