InsiderClue
Stocks · Technology · Miscellaneous Electrical Machinery, Equipment & Supplies

Polar Power, Inc.

POLA Clue Score20
United States Fiscal year ends December CIK 0001622345
$1.14 +5.56% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $1.14 −78.08% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 7 Dec 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Operating income7.4Net income4.4Fiscal year 2017Revenue14.4Operating income−0.8Net income−0.8 −117.2%Fiscal year 2018Revenue24.0 +66.8%Operating income−1.1Net income−0.8Fiscal year 2019Revenue24.8 +3.1%Operating income−4.0Net income−4.0Fiscal year 2020Revenue9.0 −63.6%Operating income−13.0Net income−10.9Fiscal year 2021Revenue16.9 +87.1%Operating income−3.1Net income−1.4Fiscal year 2022Revenue16.1 −5.0%Operating income−5.5Net income−5.6EPS, diluted−0.43Fiscal year 2023Revenue15.3 −4.8%Operating income−6.0Net income−6.5EPS, diluted−3.45Fiscal year 2024Revenue14.0 −8.7%Operating income−4.4Net income−4.7EPS, diluted−1.86Fiscal year 2025Revenue6.3 −54.9%Operating income−8.4Net income−9.1EPS, diluted−3.59
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a 14.4 24.0 24.8 9.0 16.9 16.1 15.3 14.0 6.3
Growth +66.8% +3.1% −63.6% +87.1% −5.0% −4.8% −8.7% −54.9%
Operating income 7.4 −0.8 −1.1 −4.0 −13.0 −3.1 −5.5 −6.0 −4.4 −8.4
Net income 4.4 −0.8 −0.8 −4.0 −10.9 −1.4 −5.6 −6.5 −4.7 −9.1
Growth −117.2%
EPS, diluted n/a n/a n/a n/a n/a n/a −0.43 −3.45 −1.86 −3.59

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Fiscal year 2017Gross margin33.0%Operating margin−5.6%Net margin−5.3%Free cash flow margin−13.4%Fiscal year 2018Gross margin30.9%Operating margin−4.6%Net margin−3.5%Free cash flow margin−35.0%Fiscal year 2019Gross margin19.8%Operating margin−16.1%Net margin−16.3%Free cash flow margin−10.1%Fiscal year 2020Gross margin−62.3%Operating margin−143.5%Net margin−120.4%Free cash flow margin−72.7%Fiscal year 2021Gross margin20.4%Operating margin−18.3%Net margin−8.4%Free cash flow margin−55.9%Fiscal year 2022Gross margin13.2%Operating margin−34.5%Net margin−34.8%Free cash flow margin−40.7%Fiscal year 2023Gross margin4.5%Operating margin−39.2%Net margin−42.8%Free cash flow margin−23.7%Fiscal year 2024Gross margin9.4%Operating margin−31.3%Net margin−33.5%Free cash flow margin−4.0%Fiscal year 2025Gross margin−50.1%Operating margin−133.6%Net margin−144.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a 33.0% 30.9% 19.8% −62.3% 20.4% 13.2% 4.5% 9.4% −50.1%
Operating margin n/a −5.6% −4.6% −16.1% −143.5% −18.3% −34.5% −39.2% −31.3% −133.6%
Net margin n/a −5.3% −3.5% −16.3% −120.4% −8.4% −34.8% −42.8% −33.5% −144.9%
Free cash flow margin n/a −13.4% −35.0% −10.1% −72.7% −55.9% −40.7% −23.7% −4.0% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.6Capital expenditure−0.2Free cash flow0.5Fiscal year 2017Operating cash flow−1.6Capital expenditure−0.3Free cash flow−1.9 −517.6%Fiscal year 2018Operating cash flow−7.8Capital expenditure−0.6Free cash flow−8.4Fiscal year 2019Operating cash flow−2.2Capital expenditure−0.3Free cash flow−2.5Fiscal year 2020Operating cash flow−6.5Capital expenditure−0.0Free cash flow−6.6Fiscal year 2021Operating cash flow−9.4Capital expenditure−0.1Free cash flow−9.5Fiscal year 2022Operating cash flow−6.5Capital expenditure−0.0Free cash flow−6.5Fiscal year 2023Operating cash flow−3.4Capital expenditure−0.2Free cash flow−3.6Fiscal year 2024Operating cash flow−0.5Capital expenditure−0.0Free cash flow−0.6Fiscal year 2025Operating cash flow−1.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.6 −1.6 −7.8 −2.2 −6.5 −9.4 −6.5 −3.4 −0.5 −1.1
Capital expenditure −0.2 −0.3 −0.6 −0.3 −0.0 −0.1 −0.0 −0.2 −0.0 n/a
Free cash flow 0.5 −1.9 −8.4 −2.5 −6.6 −9.5 −6.5 −3.6 −0.6 n/a
Growth −517.6%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash16.2Shareholders’ equity23.7Fiscal year 2017Cash14.2Total debt0.2Net cash (debt)14.0Shareholders’ equity22.9Debt to equity0.01Fiscal year 2018Cash5.6Total debt1.2Net cash (debt)4.4Shareholders’ equity22.4Debt to equity0.05Fiscal year 2019Cash2.8Total debt1.1Net cash (debt)1.7Shareholders’ equity18.4Debt to equity0.06Fiscal year 2020Cash1.6Total debt0.8Net cash (debt)0.9Shareholders’ equity11.5Debt to equity0.07Fiscal year 2021Cash5.1Total debt0.5Net cash (debt)4.6Shareholders’ equity23.3Debt to equity0.02Fiscal year 2022Cash0.2Total debt0.3Net cash (debt)−0.1Shareholders’ equity18.2Debt to equity0.01Fiscal year 2023Cash0.5Total debt0.1Net cash (debt)0.5Shareholders’ equity13.2Debt to equity0.00Fiscal year 2024Cash0.5Shareholders’ equity8.5Fiscal year 2025Cash0.2Shareholders’ equity0.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 16.2 14.2 5.6 2.8 1.6 5.1 0.2 0.5 0.5 0.2
Total debt n/a 0.2 1.2 1.1 0.8 0.5 0.3 0.1 n/a n/a
Net cash (debt) n/a 14.0 4.4 1.7 0.9 4.6 −0.1 0.5 n/a n/a
Shareholders’ equity 23.7 22.9 22.4 18.4 11.5 23.3 18.2 13.2 8.5 0.1
Debt to equity n/a 0.01 0.05 0.06 0.07 0.02 0.01 0.00 n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a 33.0% 30.9% 19.8% −62.3% 20.4% 13.2% 4.5% 9.4% −50.1%
n/a −5.6% −4.6% −16.1% −143.5% −18.3% −34.5% −39.2% −31.3% −133.6%
n/a −5.3% −4.4% −16.3% −144.1% −8.4% n/a n/a n/a n/a
n/a −5.3% −3.5% −16.3% −120.4% −8.4% −34.8% −42.8% −33.5% −144.9%
n/a −13.4% −35.0% −10.1% −72.7% −55.9% −40.7% −23.7% −4.0% n/a
Spending
n/a 9.3% 7.9% 9.2% 19.1% 11.8% 9.1% 8.0% 5.5% 10.2%
n/a 20.0% 16.8% 16.1% 45.0% 18.2% 29.4% 28.1% 28.0% 53.3%
n/a 2.4% 2.4% 1.4% 0.2% 0.4% 0.2% 1.3% 0.1% n/a
39.4% n/a n/a n/a n/a n/a n/a n/a n/a n/a
Returns
18.6% −3.3% −3.8% −22.0% −94.6% −6.1% −30.7% −49.6% −54.9% −6,342.4%
16.5% −3.1% −3.4% −17.2% −61.1% −5.2% −23.1% −25.9% −26.7% −87.5%
Balance and payout
n/a 0.01 0.05 0.06 0.07 0.02 0.01 0.00 n/a n/a
11.2% 6.6% 11.3% 22.0% 35.4% 14.5% 24.8% 47.8% 51.5% 98.6%