Polestar Automotive Holding UK ADR Financials
This page shows Polestar Automotive Holding UK ADR (PLSAY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Polestar Automotive Holding UK ADR passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Polestar Automotive Holding UK ADR generates $0.48 in operating cash flow (-$991.2M OCF vs -$2.0B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Polestar Automotive Holding UK ADR generated $2.0B in revenue in fiscal year 2024. This represents a decrease of 14.1% from the prior year.
Polestar Automotive Holding UK ADR reported -$2.0B in net income in fiscal year 2024. This represents a decrease of 73.4% from the prior year.
Cash & Balance Sheet
Polestar Automotive Holding UK ADR generated -$1.1B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 43.9% from the prior year.
Polestar Automotive Holding UK ADR held $739.2M in cash against $47.9M in long-term debt as of fiscal year 2024.
Margins & Returns
Polestar Automotive Holding UK ADR's net profit margin was -100.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 50.9 percentage points from the prior year.
Capital Allocation
Polestar Automotive Holding UK ADR invested $147.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 7.6% from the prior year.
PLSAY Income Statement
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | $685.2M | N/A | $589.1M | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | $1.1M | N/A | $1.1M | N/A |
| Income Tax | N/A | N/A | N/A | N/A | $2.6M | N/A | $2.7M | N/A |
| Net Income | N/A | N/A | N/A | N/A | -$304.1M | N/A | -$228.2M | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
PLSAY Balance Sheet
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.6B-10.2% | $4.1B+1.2% | $4.0B-6.7% | $4.3B+0.9% | $4.3B+6.1% | $4.0B | N/A | $3.3B |
| Current Assets | $2.2B-3.7% | $2.3B+24.5% | $1.8B-18.8% | $2.3B-5.6% | $2.4B+12.1% | $2.1B | N/A | $1.6B |
| Cash & Equivalents | $718.6M-2.8% | $739.2M+10.5% | $668.9M-12.9% | $768.3M-27.3% | $1.1B+8.6% | $973.9M-29.5% | $1.4B+82.6% | $756.7M |
| Inventory | $805.7M-25.4% | $1.1B+51.2% | $714.0M-23.0% | $927.7M+6.9% | $867.5M+37.7% | $630.2M | N/A | $545.7M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $837.7M-19.5% | $1.0B-29.0% | $1.5B+3.3% | $1.4B-3.2% | $1.5B+5.2% | $1.4B | N/A | $1.4B |
| Total Liabilities | $7.9B+7.1% | $7.4B+26.9% | $5.8B+4.9% | $5.5B+17.3% | $4.7B+15.3% | $4.1B | N/A | $3.2B |
| Current Liabilities | $5.2B+9.7% | $4.7B+47.8% | $3.2B-11.4% | $3.6B-11.0% | $4.1B+27.8% | $3.2B | N/A | $3.0B |
| Long-Term Debt | $4.1B+8374.5% | $47.9M+10.8% | $43.2M-20.6% | $54.4M-28.2% | $75.8M+141.9% | $31.3M | N/A | $66.6M |
| Total Equity | -$4.3B-28.2% | -$3.3B-83.7% | -$1.8B-44.8% | -$1.3B-174.1% | -$456.3M-607.4% | $89.9M+152.9% | -$170.0M+7.4% | -$183.5M |
| Retained Earnings | -$8.1B-17.3% | -$6.9B | N/A | N/A | -$4.0B-8.4% | -$3.7B | N/A | -$1.8B |
PLSAY Cash Flow Statement
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
PLSAY Financial Ratios
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | -44.4% | N/A | -38.8% | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | -7.1% | N/A | N/A | N/A |
| Current Ratio | 0.43-0.1 | 0.48-0.1 | 0.58-0.1 | 0.63+0.0 | 0.59-0.1 | 0.67 | N/A | 0.53 |
| Debt-to-Equity | -0.95-0.9 | -0.010.0 | -0.02+0.0 | -0.04+0.1 | -0.17-0.5 | 0.35 | N/A | -0.36 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$3.3B), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.48), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Polestar Automotive Holding UK ADR's annual revenue?
Polestar Automotive Holding UK ADR (PLSAY) reported $2.0B in total revenue for fiscal year 2024. This represents a -14.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Polestar Automotive Holding UK ADR's revenue growing?
Polestar Automotive Holding UK ADR (PLSAY) revenue declined by 14.1% year-over-year, from $2.4B to $2.0B in fiscal year 2024.
Is Polestar Automotive Holding UK ADR profitable?
No, Polestar Automotive Holding UK ADR (PLSAY) reported a net income of -$2.0B in fiscal year 2024, with a net profit margin of -100.8%.
How much debt does Polestar Automotive Holding UK ADR have?
As of fiscal year 2024, Polestar Automotive Holding UK ADR (PLSAY) had $739.2M in cash and equivalents against $47.9M in long-term debt.
What is Polestar Automotive Holding UK ADR's net profit margin?
Polestar Automotive Holding UK ADR (PLSAY) had a net profit margin of -100.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Polestar Automotive Holding UK ADR's free cash flow?
Polestar Automotive Holding UK ADR (PLSAY) generated -$1.1B in free cash flow during fiscal year 2024. This represents a 43.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Polestar Automotive Holding UK ADR's operating cash flow?
Polestar Automotive Holding UK ADR (PLSAY) generated -$991.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Polestar Automotive Holding UK ADR's total assets?
Polestar Automotive Holding UK ADR (PLSAY) had $4.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Polestar Automotive Holding UK ADR's capital expenditures?
Polestar Automotive Holding UK ADR (PLSAY) invested $147.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Polestar Automotive Holding UK ADR's current ratio?
Polestar Automotive Holding UK ADR (PLSAY) had a current ratio of 0.48 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Polestar Automotive Holding UK ADR's debt-to-equity ratio?
Polestar Automotive Holding UK ADR (PLSAY) had a debt-to-equity ratio of -0.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Polestar Automotive Holding UK ADR's return on assets (ROA)?
Polestar Automotive Holding UK ADR (PLSAY) had a return on assets of -50.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Polestar Automotive Holding UK ADR's cash runway?
Based on fiscal year 2024 data, Polestar Automotive Holding UK ADR (PLSAY) had $739.2M in cash against an annual operating cash burn of $991.2M. This gives an estimated cash runway of approximately 9 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Polestar Automotive Holding UK ADR's debt-to-equity ratio negative or unusual?
Polestar Automotive Holding UK ADR (PLSAY) has negative shareholder equity of -$3.3B as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Polestar Automotive Holding UK ADR's Piotroski F-Score?
Polestar Automotive Holding UK ADR (PLSAY) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Polestar Automotive Holding UK ADR's earnings high quality?
Polestar Automotive Holding UK ADR (PLSAY) has an earnings quality ratio of 0.48x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.