Polar Power $POLA

Information Technology

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Polar Power (POLA) is a Information Technology company. Latest news and coverage below.

IPO: December 7, 2016 · $7.00 offering · NASDAQ · View IPO details →

Polar Power revenue & net income history (FY2016–FY2025)

RevenueNet income
$24.8M$6.97M−$10.9MFY2016 revenue: $22.8MFY2016 net income: $4.40M'16FY2017 revenue: $14.4MFY2017 net income: −$757.4K'17FY2018 revenue: $24.0MFY2018 net income: −$848.3K'18FY2019 revenue: $24.8MFY2019 net income: −$4.04M'19FY2020 revenue: $9.03MFY2020 net income: −$10.9M'20FY2021 revenue: $16.9MFY2021 net income: −$1.41M'21FY2022 revenue: $16.1MFY2022 net income: −$5.58M'22FY2023 revenue: $15.3MFY2023 net income: −$6.55M'23FY2024 revenue: $14.0MFY2024 net income: −$4.68M'24FY2025 revenue: $6.30MFY2025 net income: −$9.13M'25
Polar Power annual financial statements
FY2016Dec 2016FY2017Dec 2017FY2018Dec 2018FY2019Dec 2019FY2020Dec 2020FY2021Dec 2021FY2022Dec 2022FY2023Dec 2023FY2024Dec 2024FY2025Dec 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 margin44.7%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 margin32.5%−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 margin19.3%−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—

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 →

About Polar Power

Headquarters
Gardena, California From SEC filings, Oct 2026

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