POLA
Polar Power Inc
NASDAQ: POLA · INDUSTRIALS · ELECTRICAL EQUIPMENT & PARTS
$1.81
-3.72% today
Updated 2026-04-29
Market cap
$6.84M
P/E ratio
—
P/S ratio
1.09x
EPS (TTM)
$-3.59
Dividend yield
—
52W range
$1 – $6
Volume
1.8M
Polar Power Inc (POLA) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.20M | $6.85M | $22.80M | $14.42M | $24.05M | $24.80M | $9.03M | $16.90M | $16.06M | $15.29M | $13.97M | $6.30M |
| Revenue growth (YoY) | — | +31.6% | +233.0% | -36.8% | +66.8% | +3.1% | -63.6% | +87.1% | -5.0% | -4.8% | -8.7% | -54.9% |
| Cost of revenue | $3.29M | $4.43M | $12.62M | $9.58M | $16.61M | $19.88M | $14.65M | $13.45M | $13.93M | $14.60M | $12.66M | $9.46M |
| Gross profit | $1.91M | $2.41M | $10.18M | $4.84M | $7.43M | $4.92M | $-5.62M | $3.44M | $2.13M | $695000.00 | $1.31M | $-3.16M |
| Gross margin | 36.8% | 35.2% | 44.7% | 33.6% | 30.9% | 19.8% | -62.3% | 20.4% | 13.2% | 4.5% | 9.4% | -50.1% |
| R&D | $108559.00 | $116297.00 | $213931.00 | $1.33M | $1.91M | $2.28M | $1.72M | $1.99M | $1.46M | $1.22M | $771000.00 | $646000.00 |
| SG&A | $553105.00 | $1.45M | $2.11M | $2.85M | $4.04M | $4.00M | $4.06M | $3.07M | $4.73M | $4.29M | $3.91M | $3.36M |
| Operating income | $965225.00 | $306526.00 | $7.40M | $-721960.00 | $-1.10M | $-3.98M | $-12.96M | $-3.10M | $-5.53M | $-5.99M | $-4.38M | $-7.97M |
| Operating margin | 18.6% | 4.5% | 32.5% | -5.0% | -4.6% | -16.1% | -143.5% | -18.3% | -34.5% | -39.2% | -31.3% | -126.4% |
| EBITDA | $1.06M | $450099.00 | $7.61M | $-483959.00 | $-657499.00 | $-2.65M | $-11.70M | $-805000.00 | $-5.02M | $-5.60M | $-3.86M | $-7.90M |
| EBITDA margin | 20.4% | 6.6% | 33.4% | -3.4% | -2.7% | -10.7% | -129.6% | -4.8% | -31.3% | -36.6% | -27.6% | -125.3% |
| EBIT | $965225.00 | $306526.00 | $7.40M | $-739590.00 | $-1.04M | $-3.94M | $-12.95M | $-1.35M | $-5.53M | $-5.99M | $-4.03M | $-7.97M |
| Interest expense | $44927.00 | $50971.00 | $112550.00 | $17822.00 | $20170.00 | $103000.00 | $60000.00 | $60000.00 | $58000.00 | $559000.00 | $649000.00 | $720000.00 |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $575248.00 | $-33339.00 | $4.40M | $-777576.00 | $-848252.00 | $-4.19M | $-10.87M | $-3.22M | $-5.58M | $-6.55M | $-4.68M | $-9.13M |
| Net income growth (YoY) | — | -105.8% | +13306.2% | -117.7% | -9.1% | -393.7% | -159.6% | +70.4% | -73.3% | -17.4% | +28.6% | -95.3% |
| Profit margin | 11.1% | -0.5% | 19.3% | -5.4% | -3.5% | -16.9% | -120.4% | -19.0% | -34.7% | -42.8% | -33.5% | -144.9% |