POLA · XBRL financial data
Polar Power financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (POLA's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | †Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue from contracts with customers | 9,031 | 16,896 | 16,056 | 15,293 | 13,970 | 6,304 |
| Cost of goods and services sold | 14,654 | 13,451 | 13,931 | 14,598 | 12,656 | 9,460 |
| Gross profit | (5,623) | 3,445 | 2,125 | 695 | 1,314 | (3,156) |
| Research and development | 1,723 | 1,986 | 1,460 | 1,222 | 771 | 646 |
| General and administrative | 4,062 | 3,069 | 4,727 | 4,291 | 3,908 | 3,359 |
| Total operating expenses | 7,341 | 6,543 | 7,658 | 6,685 | 5,689 | 5,267 |
| Operating income (loss) | (12,964) | (3,098) | (5,533) | (5,990) | (4,375) | (8,423) |
| Interest expense | 60 | 60 | 58 | 559 | 649 | 720 |
| Other income (expense) | 14 | 29 | 7 | 1 | 126 | 10 |
| Income tax expense (benefit) | (2,139) | — | — | — | — | — |
| Net income (loss) | (10,871) | (1,414) | (5,584) | (6,548) | (4,677) | (9,133) |
| Earnings per share, basic USD per share | — | (0.11) | (0.43) | (0.49) | (1.86) | (3.59) |
| Earnings per share, diluted USD per share | — | — | (0.43) | (0.49) | (1.86) | (3.59) |
| Weighted average shares, basic thousands of shares | — | 12,720 | 12,878 | 13,292 | 2,509 | 2,541 |
| Weighted average shares, diluted thousands of shares | — | — | 12,878 | 13,292 | 2,509 | 2,541 |
- † Share count changed about 1/7 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Balance sheet
CSVFiscal years (POLA's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | †Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,646 | 5,101 | 211 | 549 | 498 | 200 |
| Accounts receivable | 1,190 | 4,243 | 2,230 | 1,676 | 2,153 | 330 |
| Inventory | 9,094 | 9,017 | 15,460 | 16,522 | 12,893 | 9,425 |
| Total current assets | 14,645 | 25,154 | 23,317 | 21,989 | 15,597 | 10,031 |
| Property and equipment, net | 1,497 | 1,019 | 538 | 344 | 196 | 128 |
| Right-of-use asset | 1,563 | 914 | 240 | 2,818 | 1,645 | 278 |
| Total assets | 17,799 | 27,180 | 24,188 | 25,259 | 17,546 | 10,437 |
| Accounts payable | 311 | 328 | 230 | 1,762 | 408 | 2,506 |
| Total current liabilities | 4,522 | 3,394 | 5,950 | 10,214 | 8,560 | 10,293 |
| Total deposits | 703 | 897 | 2,126 | 1,618 | 607 | 764 |
| Lease liability, non-current | 990 | 268 | — | 1,856 | 474 | — |
| Total liabilities | 6,308 | 3,930 | 6,007 | 12,070 | 9,034 | 10,293 |
| Accumulated deficit | (12,113) | (13,527) | (19,111) | (25,659) | (30,336) | (39,469) |
| Total stockholders' equity | 11,491 | 23,250 | 18,181 | 13,189 | 8,512 | 144 |
| Total liabilities and equity | 17,799 | 27,180 | 24,188 | 25,259 | 17,546 | 10,437 |
| Common shares outstanding (cover page) thousands of shares | 12,788 | 12,788 | 12,950 | 17,562 | 2,512 | 3,640 |
- † Share count changed about 1/7 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Cash flows
CSVFiscal years (POLA's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | †Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | (10,871) | (1,414) | (5,584) | (6,548) | (4,677) | (9,133) |
| Stock-based compensation | — | — | 515 | — | — | — |
| Depreciation and amortization | 622 | 549 | 507 | 387 | 167 | 67 |
| Net cash from operating activities | (6,548) | (9,380) | (6,507) | (3,430) | (536) | (1,061) |
| Purchases of property and equipment | 19 | 71 | 25 | 194 | 19 | — |
| Net cash from investing activities | (19) | (71) | (25) | (194) | (19) | — |
| Proceeds from issuing common stock | 2,812 | — | — | 1,556 | — | 757 |
| Net cash from financing activities | 5,373 | 12,906 | 1,642 | 3,962 | 504 | 763 |
| Net change in cash | (1,194) | 3,455 | (4,890) | 338 | (51) | (298) |
- † Share count changed about 1/7 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Compare with peers
SIC 3690 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 3690 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Polar Power | 183 | 1,019 | 20* | 3.9M | — | 10-QJun 30, 2026 |
| Expion Energy | 1,540 | 2,030 | (1,479)* | 962,335 | 1.0 quarters | 10-QJun 30, 2026 |
| Ozop Energy Solutions | 60 | 42 | (490)* | 11.8M | 0.1 quarters | 10-QJun 30, 2026 |
| Solidion Technology | 27,677 | 125 | (3,973)* | 8.5M | 7.0 quarters | 10-QJun 30, 2026 |
| Dragonfly Energy Holdings | 6,280 | 13,159 | (1,857)* | 15.0M | 3.4 quarters | 10-QJun 30, 2026 |
| Evolution Metals & Technologies | 5,254 | 1,636 | (9,249)* | 621.8M | 0.6 quarters | 10-QJun 30, 2026 |
| TurnOnGreen | 61 | 1,754 | (483)* | 184.0M | 0.1 quarters | 10-QJun 30, 2026 |
| Nuvve Holding | 501 | 1,227 | (3,390)* | 993,794 | 0.1 quarters | 10-QJun 30, 2026 |
| Cyber Enviro-Tech | 6.8 | 0 | not reported | 155.8M | — | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.