Polestar Automotive Holding UK PLC (PSNY) Financial Statements
$15.04NASDAQ: PSNYMarket Cap $1.06B
Polestar Automotive Holding UK PLC most recently reported annual revenue of $3.1B, a net loss of $2.4B. Revenue grew at an average annual rate of 38.0% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
Polestar Automotive Holding UK PLC: Revenue rose from $92.0M in 2019 to $3.1B in 2025, a change of +3223.9% over 6 years; net profit was positive in 0 of 7 reported years; operating margin moved from -207.7% to -65.0%, a shift of +142.7 percentage points; the most recent year shows a net loss of $2.4B.
Income Statement — 7 Years (USD millions)
Metric
2019
2020
2021
2022
2023
2024
2025
Revenue
$92.0M
$610.0M
$1.3B
$2.4B
$2.4B
$2.0B
$3.1B
Operating Expenses
$284.0M
$1.1B
$2.3B
$3.4B
$3.9B
$3.8B
$5.0B
Operating Profit
$-192.0M
$-440.0M
$-961.0M
$-914.0M
$-1.5B
$-1.8B
$-2.0B
Operating Margin
-207.7%
-72.2%
-71.5%
-37.4%
-62.2%
-89.1%
-65.0%
Other Income
$-5.0M
$-31.0M
$-50.0M
$836.0M
$278.0M
$-246.0M
$-374.0M
Interest
$21.0M
$27.0M
$45.0M
$77.0M
$206.0M
$335.0M
$375.0M
Depreciation
$33.0M
$216.0M
$212.0M
$141.0M
$115.0M
$56.0M
$53.0M
Profit Before Tax
$-196.0M
$-471.0M
$-1.0B
$-449.0M
$-1.2B
$-2.1B
$-2.4B
Tax
$-1.0M
$-2.9M
$300,000
$-6.6M
$590,000
$450,000
$160,000
Net Profit
$-198.0M
$-485.0M
$-1.0B
$-479.0M
$-1.2B
$-2.0B
$-2.4B
EPS
$-29.70
$-8.70
$-13.80
$-6.60
$-17.10
$-29.10
$-25.48
Dividend Payout
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.
Metric
Jun '23
Sep '23
Dec '23
Mar '24
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Mar '26
Revenue
$685.0M
$613.0M
$534.0M
$345.0M
$573.0M
$564.0M
$564.0M
$711.0M
$711.0M
$818.0M
$818.0M
$633.0M
Operating Expenses
$960.0M
$874.0M
$1.3B
$577.0M
$807.0M
$1.2B
$1.2B
$1.3B
$1.3B
$1.3B
$1.3B
$633.0M
Operating Profit
$-274.0M
$-261.0M
$-745.0M
$-232.0M
$-235.0M
$-674.0M
$-674.0M
$-548.0M
$-548.0M
$-457.0M
$-457.0M
$0
Operating Margin
-40.0%
-42.6%
-139.5%
-67.1%
-41.0%
-119.5%
-119.5%
-77.0%
-77.0%
-55.9%
-55.9%
0.0%
Interest
$64.0M
$63.0M
$53.0M
$127.0M
$75.0M
$86.0M
$48.0M
$37.0M
$91.0M
$0
$0
$0
Profit Before Tax
$-301.0M
$-153.0M
$-709.0M
$-271.0M
$-253.0M
$-768.0M
$-768.0M
$-618.0M
$-618.0M
$-562.0M
$-562.0M
$0
Tax
$-870,000
$-1.7M
$-2.4M
$-1.2M
$-5.4M
$1.4M
$2.0M
$-160,000
$-3.5M
$-3.5M
$-3.5M
—
Net Profit
$-304.0M
$-155.0M
$-726.0M
$-274.0M
$-267.0M
$-323.0M
$-755.0M
$-597.0M
$-597.0M
$-582.0M
$-582.0M
$-383.0M
EPS
$-4.20
$-2.21
$-10.20
$-3.90
$-3.90
$-4.50
$-10.80
$-8.40
$-8.40
$-5.08
$-5.08
$-4.14
Over the 7 years reported for Polestar Automotive Holding UK PLC, borrowings increased from $546.0M in 2019 to $6.5B in 2025, cash stood at $1.2B in the latest year, shareholders' equity was $28.0M, current assets covered current liabilities 0.43 times.
Balance Sheet — 7 Years (USD millions)
Metric
2019
2020
2021
2022
2023
2024
2025
Total Assets
$1.5B
$2.5B
$3.3B
$3.9B
$4.1B
$4.1B
$3.9B
Current Assets
$527.0M
$1.2B
$1.6B
$2.2B
$2.3B
$2.3B
$2.7B
Cash
$236.0M
$316.0M
$757.0M
$974.0M
$769.0M
$739.0M
$1.2B
Inventory
$23.0M
$433.0M
$546.0M
$658.0M
$928.0M
$1.1B
$859.0M
Receivables
$45.0M
$357.0M
$247.0M
$319.0M
$474.0M
$419.0M
$610.0M
Fixed Assets
$120.0M
$202.0M
$329.0M
$355.0M
$385.0M
$594.0M
$394.0M
Capital Work in Progress
$0
$0
$0
$0
$0
$0
$0
Investments
$0
$0
$1.0M
$2.0M
$2.0M
$0
$55.0M
Other Assets
$52.0M
$59.0M
$53.0M
$46.0M
$48.0M
$44.0M
$52.0M
Total Liabilities
$957.0M
$2.0B
$3.2B
$4.1B
$5.4B
$7.4B
$9.1B
Current Liabilities
$942.0M
$1.9B
$3.0B
$3.2B
$3.5B
$4.7B
$6.2B
Borrowings
$546.0M
$437.0M
$825.0M
$1.4B
$3.6B
$5.0B
$6.5B
Other Liabilities
$411.0M
$1.5B
$2.4B
$2.6B
$1.8B
$2.4B
$2.6B
Equity
$0
$1.3B
$1.9B
$21.0M
$21.0M
$21.0M
$28.0M
Reserves
$591.0M
$581.0M
$122.0M
$-133.0M
$-1.3B
$-3.3B
$-5.1B
For Polestar Automotive Holding UK PLC, operating cash flow was positive in 0 of 7 reported years; free cash flow in the latest year was negative at $1.4B; free cash flow was positive in 0 of 7 years.
What is Polestar Automotive Holding UK PLC's annual revenue?
Polestar Automotive Holding UK PLC (PSNY) reported annual revenue of $3.1B in its most recent fiscal year.
What is Polestar Automotive Holding UK PLC's net profit?
Polestar Automotive Holding UK PLC (PSNY) reported a net loss of $2.4B in its most recent fiscal year.
What is PSNY EV/EBITDA?
Polestar Automotive Holding UK PLC's enterprise value to EBITDA (EV/EBITDA) ratio is -8.87. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.