Polar Power, Inc. Income Statement
POLA|9 years of annual SEC 10-K data (FY2017-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 9 fiscal years. All figures from audited SEC 10-K filings.
Polar Power, Inc. reported $14M in revenue and $5M in net loss for FY2025. Revenue has declined at a 5.9% compound annual rate over the past 8 years.
Based on SEC 10-K filings.
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.0M | $15.3M | $16.1M | $16.9M | $9.0M | $24.8M | $24.0M | $14.4M | $22.8M |
| Cost of Revenue | $12.7M | $14.6M | $13.9M | $13.5M | $14.7M | $19.9M | $16.6M | $9.7M | $12.6M |
| Gross Profit | $1.3M | $695.0K | $2.1M | $3.4M | -$5.6M | $4.9M | $7.4M | $4.8M | $10.2M |
| SG&A Expense | $3.9M | $4.3M | $4.7M | $3.1M | $4.1M | $4.0M | $4.0M | $2.9M | $2.1M |
| R&D Expense | $771.0K | $1.2M | $1.5M | $2.0M | $1.7M | $2.3M | $1.9M | $1.3M | $213.9K |
| Operating Income | -$4.4M | -$6.0M | -$5.5M | -$3.1M | -$13.0M | -$4.0M | -$1.1M | -$802.0K | $7.4M |
| Interest Expense | - | - | $58.0K | $60.0K | $60.0K | $103.0K | $20.2K | $17.8K | $112.5K |
| Income Tax | - | - | - | - | -$2.1M | -$2.1M | $215.0K | -$215.0K | $2.9M |
| Net Income | -$4.7M | -$6.5M | -$5.6M | -$1.4M | -$10.9M | -$4.0M | -$848.3K | -$757.4K | $4.4M |
| EPS (Basic) | -$1.86 | -$3.45 | -$0.43 | -$0.11 | - | - | - | - | - |
| EPS (Diluted) | -$1.86 | -$3.45 | -$0.43 | - | -$1.01 | -$0.40 | -$0.08 | -$0.07 | $0.58 |
| Shares Outstanding | 2.5M | 2.5M | 12.9M | 12.8M | 11.8M | 10.1M | 10.1M | 10.1M | 10.1M |
| Gross Margin | 9.4% | 4.5% | 13.2% | 20.4% | -62.3% | 19.8% | 30.9% | 33.0% | 44.6% |
| Operating Margin | -31.3% | -39.2% | -34.5% | -18.3% | -143.6% | -16.1% | -4.6% | -5.6% | 32.5% |
| Profit Margin | -33.5% | -42.8% | -34.8% | -8.4% | -120.4% | -16.3% | -3.5% | -5.3% | 19.3% |