Polar Power, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $6.3M | $14.0M | $15.3M | $16.1M | $16.9M |
| Cost of revenue | $9.5M | $12.7M | $14.6M | $13.9M | $13.5M |
| Gross profit | -$3.2M | $1.3M | $695,000 | $2.1M | $3.4M |
| Research and development | $646,000 | $771,000 | $1.2M | $1.5M | $2.0M |
| Operating expenses | $5.3M | $5.7M | $6.7M | $7.7M | $6.5M |
| Operating income | -$8.4M | -$4.4M | -$6.0M | -$5.5M | -$3.1M |
| Interest expense | $720,000 | $649,000 | $559,000 | $58,000 | $60,000 |
| Pretax income | — | — | — | — | -$1.4M |
| Net income | -$9.1M | -$4.7M | -$6.5M | -$5.6M | -$1.4M |
| Balance Sheet | |||||
| Cash and equivalents | $200,000 | $498,000 | $549,000 | $211,000 | $5.1M |
| Current assets | $10.0M | $15.6M | $22.0M | $23.3M | $25.2M |
| Total assets | $10.4M | $17.5M | $25.3M | $24.2M | $27.2M |
| Current liabilities | $10.3M | $8.6M | $10.2M | $6.0M | $3.4M |
| Total liabilities | $10.3M | $9.0M | $12.1M | $6.0M | $3.9M |
| Stockholders' equity | $144,000 | $8.5M | $13.2M | $18.2M | $23.2M |
| Cash Flow Statement | |||||
| Cash from operations | -$1.1M | -$536,000 | -$3.4M | -$6.5M | -$9.4M |
| Depreciation and amortization | $67,000 | $167,000 | $387,000 | $507,000 | $549,000 |
| Stock-based compensation | $2.2M | $2.4M | $3.2M | $515,000 | — |
| Capital expenditure | — | $19,000 | $194,000 | $25,000 | $71,000 |
| Free cash flow | — | -$555,000 | -$3.6M | -$6.5M | -$9.5M |
| Impairments | $455,000 | — | — | — | — |
Shares outstanding 3.6M · Free float 98.3%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.