10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $6M | -$9M | -50.1% | -133.6% | — | — | $200000 |
| 2024 | $14M | -$5M | 9.4% | -31.3% | -$555000 | — | $498000 |
| 2023 | $15M | -$7M | 4.5% | -39.2% | -$4M | $64000 | $549000 |
| 2022 | $16M | -$6M | 13.2% | -34.5% | -$7M | $268000 | $211000 |
| 2021 | $17M | -$1M | 20.4% | -18.3% | -$9M | $510000 | $5M |
| 2020 | $9M | -$11M | -62.3% | -143.5% | -$7M | $777000 | $2M |
| 2019 | $25M | -$4M | 19.8% | -16.1% | -$3M | $1M | $3M |
| 2018 | — | -$848252 | — | — | -$8M | $1M | $6M |
| 2017 | — | -$757416 | — | — | -$2M | $237055 | $14M |
| 2016 | — | $4M | — | — | $461968 | — | $16M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $2M | -$178000 | 65.7% | 1.4% | — | — | $27000 |
| Dec '25 | $600000 | -$4M | -357.5% | -555.7% | — | — | $200000 |
| Sep '25 | $1M | -$4M | -177.5% | -304.6% | — | — | $4000 |
| Jun '25 | $3M | -$271000 | 34.3% | -4.1% | — | — | $175000 |
| Mar '25 | $2M | -$1M | 18.6% | -63.9% | — | — | $68000 |
| Dec '24 | $3M | -$3M | -58.7% | -110.5% | -$137000 | — | $498000 |
| Sep '24 | $5M | $13000 | 29.0% | 0.8% | -$590000 | — | $498000 |
| Jun '24 | $5M | $501000 | 39.3% | 9.9% | — | — | $1M |
| Mar '24 | $2M | -$2M | -22.6% | -111.5% | — | — | $212000 |
| Dec '23 | $4M | -$3M | -39.6% | -82.4% | -$346000 | $64000 | $549000 |
| Sep '23 | $2M | -$2M | -5.7% | -87.5% | -$280000 | — | $296000 |
| Jun '23 | $6M | -$436000 | 26.4% | -5.5% | — | — | $292000 |
| Mar '23 | $4M | -$1M | 18.0% | -24.7% | — | — | $119000 |
| Dec '22 | $6M | -$1M | 6.4% | -20.8% | -$2M | $268000 | $211000 |
| Sep '22 | $2M | -$2M | -14.5% | -139.2% | -$2M | — | $363000 |
| Jun '22 | $4M | -$739000 | 24.8% | -17.0% | -$1M | — | $3M |
| Mar '22 | $4M | -$1M | 24.4% | -29.8% | -$855000 | — | $4M |
| Dec '21 | $5M | $413000 | 34.0% | 9.2% | -$3M | $510000 | $5M |
| Sep '21 | $4M | $942000 | 23.4% | -18.4% | — | $569000 | $8M |
| Jun '21 | $5M | -$866000 | 20.0% | -17.8% | — | — | $9M |
How the market has priced POLA against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Polar Power, Inc.'s revenue has declined 6.9% per year. These are computed facts, not advice.
As of FY2025, Polar Power, Inc. reported — of total debt against $200000 of cash; operating income covered interest expense -11.7×.
In FY2025, gross margin was -50.1%, operating margin -133.6%, and net margin -144.9%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.