NASDAQ · Financial Statements

Polar Power, Inc. (POLA) Financial Statements

$0.76 NASDAQ: POLA Market Cap $3.28M

Polar Power, Inc. most recently reported annual revenue of $6.0M, a net loss of $9.0M. Revenue declined at an average annual rate of 7.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Polar Power, Inc.: Revenue fell from $23.0M in 2016 to $6.0M in 2025, a change of -73.9% over 9 years; net profit was positive in 1 of 10 reported years; operating margin moved from 32.5% to -126.4%, a shift of -158.9 percentage points; the most recent year shows a net loss of $9.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$23.0M$14.0M$24.0M$25.0M$9.0M$17.0M$16.0M$15.0M$14.0M$6.0M
Operating Expenses$15.0M$15.0M$25.0M$29.0M$22.0M$20.0M$22.0M$21.0M$18.0M$14.0M
Operating Profit$7.0M$-1.0M$-1.0M$-4.0M$-13.0M$-3.0M$-6.0M$-6.0M$-4.0M$-8.0M
Operating Margin32.5%-5.0%-4.6%-16.1%-143.6%-18.3%-34.5%-39.2%-31.3%-126.4%
Other Income$0$0$0$0$0$2.0M$0$-1.0M$0$-1.0M
Interest$0$0$0$0$0$0$0$1.0M$1.0M$1.0M
Depreciation$0$0$0$1.0M$1.0M$1.0M$1.0M$0$0$0
Profit Before Tax$7.0M$-1.0M$-1.0M$-4.0M$-13.0M$-1.0M$-6.0M$-7.0M$-5.0M$-9.0M
Tax$39.4M$-14.8M$20.2M$-3.5M$16.4M$0$0$0$0$0
Net Profit$4.0M$-1.0M$-1.0M$-4.0M$-11.0M$-1.0M$-6.0M$-7.0M$-5.0M$-9.0M
EPS$4.06$-0.52$-0.59$-2.80$-7.03$-0.78$-3.04$-3.45$-1.86$-3.59
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$2.0M$4.0M$2.0M$5.0M$5.0M$3.0M$2.0M$3.0M$1.0M$1.0M$2.0M$1.0M
Operating Expenses$4.0M$7.0M$4.0M$4.0M$5.0M$6.0M$3.0M$3.0M$5.0M$4.0M$2.0M$3.0M
Operating Profit$-2.0M$-3.0M$-2.0M$0$0$-3.0M$-1.0M$0$-3.0M$-3.0M$0$-2.0M
Operating Margin-87.5%-82.4%-111.5%9.9%0.8%-110.5%-63.9%-4.1%-268.8%-555.8%1.4%-164.0%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-2.0M$-3.0M$-2.0M$1.0M$0$-3.0M$-1.0M$0$-4.0M$-4.0M$0$-2.0M
Tax$0$0$0$0$0$0$0$0$0$0$0$0
Net Profit$-2.0M$-3.0M$-2.0M$1.0M$0$-3.0M$-1.0M$0$-4.0M$-4.0M$0$-2.0M
EPS$-1.00$-1.66$-0.85$0.20$0.01$-1.22$-0.50$-0.11$-1.63$-1.36$-0.05$-0.49

Over the 10 years reported for Polar Power, Inc., cash stood at $0 in the latest year, shareholders' equity was $0, current assets covered current liabilities 1.00 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$27.0M$25.0M$25.0M$24.0M$18.0M$27.0M$24.0M$25.0M$18.0M$10.0M
Current Assets$26.0M$24.0M$23.0M$19.0M$15.0M$25.0M$23.0M$22.0M$16.0M$10.0M
Cash$16.0M$13.0M$6.0M$3.0M$2.0M$5.0M$0$1.0M$0$0
Inventory$5.0M$6.0M$8.0M$14.0M$9.0M$9.0M$15.0M$17.0M$13.0M$9.0M
Receivables$4.0M$4.0M$8.0M$1.0M$4.0M$7.0M$5.0M$4.0M$2.0M$0
Fixed Assets$1.0M$1.0M$2.0M$4.0M$3.0M$2.0M$1.0M$3.0M$2.0M$0
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$0$0$0$0
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$3.0M$2.0M$3.0M$5.0M$6.0M$4.0M$6.0M$12.0M$9.0M$10.0M
Current Liabilities$3.0M$1.0M$2.0M$3.0M$5.0M$3.0M$6.0M$10.0M$9.0M$10.0M
Borrowings$0$0$1.0M$3.0M$4.0M$1.0M$2.0M$8.0M$7.0M$6.0M
Other Liabilities$3.0M$1.0M$2.0M$2.0M$2.0M$2.0M$4.0M$5.0M$2.0M$5.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$24.0M$23.0M$22.0M$18.0M$11.0M$23.0M$18.0M$13.0M$9.0M$0

For Polar Power, Inc., operating cash flow was positive in 1 of 10 reported years; free cash flow in the latest year was negative at $1.0M; free cash flow was positive in 0 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$1.0M$-2.0M$-8.0M$-2.0M$-7.0M$-9.0M$-7.0M$-3.0M$-1.0M$-1.0M
Investing Cash Flow$0$-1.0M$-2.0M$-339.0M$0$0$0$0$0$0
Financing Cash Flow$0$0$0$0$1.0M$-1.0M$0$0$0$0
Net Cash Flow$16.0M$-2.0M$-9.0M$-3.0M$-1.0M$3.0M$-5.0M$0$0$0
Free Cash Flow$0$-2.0M$-8.0M$-3.0M$-7.0M$-9.0M$-7.0M$-4.0M$-1.0M$-1.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.00
EV / EBITDA-0.83
FCF Yield-71.36%
Quick Ratio0.11
Interest Coverage-8.13
Return 1Y-16.40%
Return 3Y-82.77%
Return 5Y-96.87%

Polar Power, Inc. (POLA) financials — frequently asked questions

What is Polar Power, Inc.'s annual revenue?

Polar Power, Inc. (POLA) reported annual revenue of $6.0M in its most recent fiscal year.

What is Polar Power, Inc.'s net profit?

Polar Power, Inc. (POLA) reported a net loss of $9.0M in its most recent fiscal year.

What is POLA EV/EBITDA?

Polar Power, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -0.83. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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