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| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $22.8M | $14.4M | $24.0M | $24.8M | $9.03M | $16.9M | $16.1M | $15.3M | $14.0M | $6.30M |
| Growth (year over year) | — | −36.8% | +66.8% | +3.1% | −63.6% | +87.1% | −5.0% | −4.8% | −8.7% | −54.9% |
| Gross profit | $10.2M | $4.76M | $7.43M | $4.92M | −$5.62M | $3.44M | $2.13M | $695.0K | $1.31M | −$3.16M |
| Gross margin | 44.7% | 33.0% | 30.9% | 19.8% | −62.3% | 20.4% | 13.2% | 4.5% | 9.4% | −50.1% |
| Operating income | $7.40M | −$802.0K | −$1.10M | −$3.98M | −$13.0M | −$3.10M | −$5.53M | −$5.99M | −$4.38M | −$8.42M |
| Operating margin | 32.5% | −5.6% | −4.6% | −16.1% | −143.5% | −18.3% | −34.5% | −39.2% | −31.3% | −133.6% |
| Net income | $4.40M | −$757.4K | −$848.3K | −$4.04M | −$10.9M | −$1.41M | −$5.58M | −$6.55M | −$4.68M | −$9.13M |
| Net margin | 19.3% | −5.3% | −3.5% | −16.3% | −120.4% | −8.4% | −34.8% | −42.8% | −33.5% | −144.9% |
| EPS (diluted) | $28.42 | −$3.43 | −$3.92 | −$19.60 | −$49.49 | −$5.39 | −$3.01 | −$3.45 | −$1.86 | −$3.59 |
| Balance sheet | ||||||||||
| Cash and equivalents | $16.2M | $14.2M | $5.64M | $2.84M | $1.65M | $5.10M | $211.0K | $549.0K | $498.0K | $200.0K |
| Total assets | $26.6M | $24.5M | $25.2M | $23.6M | $17.8M | $27.2M | $24.2M | $25.3M | $17.5M | $10.4M |
| Total liabilities | $2.98M | $1.62M | $2.86M | $5.19M | $6.31M | $3.93M | $6.01M | $12.1M | $9.03M | $10.3M |
| Long-term debt | — | $237.1K | $1.21M | $1.11M | $777.0K | $268.0K | $268.0K | $64.0K | — | — |
| Shareholders' equity | $23.7M | $22.9M | $22.4M | $18.4M | $11.5M | $23.3M | $18.2M | $13.2M | $8.51M | $144.0K |
| Cash flow | ||||||||||
| Operating cash flow | $627.1K | −$1.59M | −$7.85M | −$2.17M | −$6.55M | −$9.38M | −$6.51M | −$3.43M | −$536.0K | −$1.06M |
| Capital expenditure | $165.1K | $342.1K | $575.0K | $338.0K | $19.0K | $71.0K | $25.0K | $194.0K | $19.0K | — |
| Free cash flow | $462.0K | −$1.93M | −$8.42M | −$2.50M | −$6.57M | −$9.45M | −$6.53M | −$3.62M | −$555.0K | — |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $4.91M | $2.62M | $1.72M | $2.71M | $1.27M | $600.0K | $1.73M | $1.02M |
| Growth (year over year) | +157.1% | −27.3% | −2.9% | −41.9% | −74.1% | −77.1% | +0.3% | −62.4% |
| Gross profit | $1.42M | −$1.54M | $320.0K | $930.0K | −$2.26M | −$2.15M | $1.14M | −$337.0K |
| Gross margin | 29.0% | −58.8% | 18.6% | 34.3% | −177.5% | −357.7% | 65.7% | −33.1% |
| Operating income | $40.0K | −$2.90M | −$1.10M | −$110.0K | −$3.88M | −$3.33M | $24.0K | −$1.67M |
| Operating margin | 0.8% | −110.5% | −63.9% | −4.1% | −304.6% | −555.8% | 1.4% | −164.0% |
| Net income | $13.0K | −$3.05M | −$1.26M | −$271.0K | −$4.08M | −$3.51M | −$178.0K | −$1.83M |
| Net margin | 0.3% | −116.3% | −73.4% | −10.0% | −320.9% | −585.3% | −10.3% | −179.7% |
| EPS (diluted) | $0.01 | −$1.22 | −$0.50 | −$0.11 | −$1.63 | −$1.35 | −$0.05 | −$0.49 |
| Balance sheet | ||||||||
| Cash and equivalents | $498.0K | $498.0K | $68.0K | $175.0K | $4.00K | $200.0K | $27.0K | $183.0K |
| Total assets | $20.9M | $17.5M | $16.6M | $16.5M | $12.3M | $10.4M | $11.4M | $10.2M |
| Total liabilities | $9.36M | $9.03M | $9.34M | $9.56M | $9.45M | $10.3M | $9.06M | $9.35M |
| Shareholders' equity | $11.6M | $8.51M | $7.25M | $6.98M | $2.90M | $144.0K | $2.39M | $857.0K |
| Cash flow | ||||||||
| Operating cash flow | −$590.0K | −$136.0K | −$584.0K | −$404.0K | $399.0K | −$472.0K | −$2.19M | $20.0K |
| Capital expenditure | $0 | $1.00K | — | — | — | — | — | — |
| Free cash flow | −$590.0K | −$137.0K | — | — | — | — | — | — |
From Polar Power's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →