Polar Power, Inc. (POLA) — Financial statements
Income statement, balance sheet, and cash flow for Polar Power, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 6↓54.9% | 14↓8.7% | 15↓4.8% | 16↓5.0% | 17 | |
| Cost of Revenue | 9↓25.3% | 13↓13.3% | 15↑4.8% | 14↑3.6% | 13 | |
| Gross Profit | -3↓340.2% | 1↑89.1% | 0.70↓67.3% | 2↓38.3% | 3 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.65↓16.2% | 0.77↓36.9% | 1↓16.3% | 1↓26.5% | 2 | |
| General & Administrative Expenses | 3↓14.0% | 4↓8.9% | 4↓9.2% | 5↑54.0% | 3 | |
| Selling & Marketing Expenses | 0.81↓20.1% | 1↓13.8% | 1↓20.3% | 1↓1.1% | 1 | |
| SG&A Expenses | 4↓15.3% | 5↓10.0% | 5↓11.9% | 6↑36.0% | 5 | |
| Other Expenses | 0.00 | 0.00 | 0.00↓100.0% | 0.01 | 0.00 | |
| Operating Expenses | 5↓15.4% | 6↓14.9% | 7↓12.7% | 8↑17.0% | 7 | |
| Total Costs & Expenses | 14↓22.2% | 18↓13.8% | 21↓1.4% | 22↑8.0% | 20 | |
| Operating Results | ||||||
| Operating Income | -8↓82.1% | -4↑27.0% | -6↓8.3% | -6↓78.6% | -3 | |
| Depreciation & Amortization | 0.07↓59.9% | 0.17↓56.8% | 0.39↓23.7% | 0.51↓7.7% | 0.55 | |
| EBITDA | -8↓116.2% | -4↑31.1% | -6↓11.6% | -5↓523.5% | -0.81 | |
| EBIT | -8↓108.9% | -4↑32.7% | -6↓8.4% | -6↓308.1% | -1 | |
| Interest & Other Income | ||||||
| Net Interest Income | -0.72↓68.2% | -0.43↑23.4% | -0.56↓863.8% | -0.06↑3.3% | -0.06 | |
| Interest Income | 0.00↓100.0% | 0.22 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 0.72↑10.9% | 0.65↑16.1% | 0.56↑863.8% | 0.06↓3.3% | 0.06 | |
| Non-Operating Income | 0.45↑228.2% | -0.35↓34600.0% | -0.00↑85.7% | -0.01↑99.6% | -2 | |
| Other Income / Expenses | -1↓285.8% | -0.30↑45.9% | -0.56↓994.1% | -0.05↓103.0% | 2 | |
| Income Before Tax | -9↓95.3% | -5↑28.6% | -7↓17.3% | -6↓294.9% | -1 | |
| Income Tax Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -9↓95.3% | -5↑28.6% | -7↓17.3% | -6↓294.9% | -1 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -9↓95.3% | -5↑28.6% | -7↓17.4% | -6↓73.3% | -3 | |
| Bottom-Line Net Income | -9↓95.3% | -5↑28.6% | -7↓17.3% | -6↓294.9% | -1 | |
| EPS (Basic) | -3.59↓93.0% | -1.86↓272.0% | -0.50↓16.3% | -0.43↓72.0% | -0.25 | |
| EPS (Diluted) | -3.59↓93.0% | -1.86↓272.0% | -0.50↓16.3% | -0.43↓72.0% | -0.25 | |
| Weighted Average Shares | 3↑1.3% | 3↓80.9% | 13↑1.9% | 13↑1.2% | 13 | |
| Weighted Average Diluted Shares | 3↑1.3% | 3↓80.9% | 13↑1.9% | 13↑1.2% | 13 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.