Polar Pwr Inc Financials
Polar Pwr Inc (POLA) reported $4.6M in revenue over the twelve months to Jun 30, 2026, down 61.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
The dominant mechanic is sales contraction meeting gross-margin failure, while liabilities nearly consume the remaining asset base.
From FY2021 to FY2025, revenue fell from$16.9M to$6.3M , revealing a business losing operating scale rather than simply experiencing a temporary slowdown. Gross margin deterioration moved from20.4% to-50.1% over the same span, indicating the latest shortfall reflects unfavorable unit economics, not just fewer sales.
Cash conversion was less negative than earnings in both recent years: FY2024 operating cash flow was
Near-term liquidity narrowed sharply, with the current ratio falling from 7.4x in FY2021 to 1.0x in FY2025, leaving little current-asset cushion. Equity was only
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Polar Pwr Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Polar Pwr Inc scores -7.03, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($6.1M) relative to total liabilities ($10.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Polar Pwr Inc passes 1 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Polar Pwr Inc reported a net loss of $9.1M while operations used $1.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Polar Pwr Inc reported an operating loss of $8.4M against $720K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Polar Pwr Inc generated $6.3M in revenue in fiscal year 2025. This represents a decrease of 54.9% from the prior year.
Polar Pwr Inc's EBITDA was -$8.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 98.6% from the prior year.
Polar Pwr Inc reported -$9.1M in net income in fiscal year 2025. This represents a decrease of 95.3% from the prior year.
Polar Pwr Inc earned -$3.59 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 93.0% from the prior year.
Cash & Balance Sheet
Polar Pwr Inc held $200K in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Polar Pwr Inc's gross margin was -50.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 59.5 percentage points from the prior year.
Polar Pwr Inc's ROE was -6342.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 6287.4 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Polar Pwr Inc invested $646K in research and development in fiscal year 2025. This represents a decrease of 16.2% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
POLA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0M-41.0% | $1.7M+188.0% | $600K-52.9% | $1.3M-53.0% | $2.7M+57.2% | $1.7M-34.3% | $2.6M-46.7% | $4.9M |
| Cost of Revenue | $1.4M+128.7% | $593K-78.4% | $2.7M-22.3% | $3.5M+98.7% | $1.8M+26.7% | $1.4M-66.3% | $4.2M+19.2% | $3.5M |
| Gross Profit | -$337K-129.7% | $1.1M+152.9% | -$2.1M+5.0% | -$2.3M-343.0% | $930K+190.6% | $320K+120.8% | -$1.5M-208.1% | $1.4M |
| R&D Expenses | $128K-24.3% | $169K-7.7% | $183K+16.6% | $157K+7.5% | $146K-8.8% | $160K-13.0% | $184K+7.0% | $172K |
| SG&A Expenses | $1.1M+37.9% | $783K-6.9% | $841K+4.2% | $807K+13.7% | $710K-29.1% | $1.0M+10.1% | $909K-5.3% | $960K |
| Operating Income | -$1.7M-7062.5% | $24K+100.7% | -$3.3M+14.0% | -$3.9M-3424.5% | -$110K+90.0% | -$1.1M+62.0% | -$2.9M-7340.0% | $40K |
| Interest Expense | $447K+121.3% | $202K+14.1% | $177K-14.9% | $208K+21.6% | $171K+4.3% | $164K+6.5% | $154K+0.7% | $153K |
| Net Income | -$1.8M-928.7% | -$178K+94.9% | -$3.5M+14.0% | -$4.1M-1407.4% | -$271K+78.6% | -$1.3M+58.5% | -$3.0M-23553.8% | $13K |
| EPS (Diluted) | -$0.49-880.0% | -$0.05+96.3% | -$1.35+17.2% | -$1.63-1381.8% | -$0.11+78.0% | -$0.50+71.8% | -$1.77 | $0.01 |
Not reported in any period shown, so not listed: Income Tax.
POLA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.2M-10.9% | $11.4M+9.7% | $10.4M-15.5% | $12.3M-25.4% | $16.5M-0.3% | $16.6M-5.4% | $17.5M-16.1% | $20.9M |
| Current Assets | $10.0M-10.1% | $11.2M+11.3% | $10.0M-15.1% | $11.8M-22.4% | $15.2M+1.9% | $15.0M-4.1% | $15.6M-16.4% | $18.6M |
| Cash & Equivalents | $183K+577.8% | $27K-86.5% | $200K+4900.0% | $4K-97.7% | $175K+157.4% | $68K-86.3% | $498K0.0% | $498K |
| Inventory | $9.2M-3.3% | $9.5M+1.3% | $9.4M-13.5% | $10.9M-16.2% | $13.0M-1.1% | $13.1M+1.9% | $12.9M-14.2% | $15.0M |
| Accounts Receivable | $566K-62.5% | $1.5M+357.9% | $330K-61.4% | $856K-57.9% | $2.0M+20.4% | $1.7M-21.6% | $2.2M-27.0% | $2.9M |
| Total Liabilities | $9.3M+3.2% | $9.1M-12.0% | $10.3M+9.0% | $9.4M-1.2% | $9.6M+2.4% | $9.3M+3.4% | $9.0M-3.4% | $9.4M |
| Current Liabilities | N/A | $9.1M-12.0% | $10.3M+9.0% | $9.4M-0.4% | $9.5M+3.8% | $9.1M+6.8% | $8.6M+0.5% | $8.5M |
| Total Equity | $857K-64.1% | $2.4M+1559.7% | $144K-95.0% | $2.9M-58.5% | $7.0M-3.7% | $7.3M-14.8% | $8.5M-26.4% | $11.6M |
| Retained Earnings | -$41.5M-4.6% | -$39.6M-0.5% | -$39.5M-9.8% | -$36.0M-12.8% | -$31.9M-0.9% | -$31.6M-4.2% | -$30.3M-11.2% | -$27.3M |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
POLA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $20K+100.9% | -$2.2M-364.2% | -$472K-218.3% | $399K+198.8% | -$404K+30.8% | -$584K-329.4% | -$136K+76.9% | -$590K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | $1K | $0 |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | -$137K+76.8% | -$590K |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | -$1K | $0 |
| Financing Cash Flow | $136K-93.3% | $2.0M+202.1% | $668K+217.2% | -$570K-211.5% | $511K+231.8% | $154K+12.4% | $137K+541.9% | -$31K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
POLA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -33.1%-98.8pp | 65.7% | -357.7% | -177.5% | 34.3%+15.8pp | 18.6%+77.3pp | -58.8%-87.7pp | 29.0% |
| Operating Margin | -164.0% | 1.4% | -555.8% | -304.6% | -4.1%+59.8pp | -63.9% | -110.5% | 0.8% |
| Net Margin | -179.7% | -10.3% | -585.3% | -320.9% | -10.0%+63.4pp | -73.4% | -116.3% | 0.3% |
| Return on Equity | -213.6%-206.2pp | -7.4%+2431.4pp | -2438.9%-2298.0pp | -140.9%-137.0pp | -3.9%+13.6pp | -17.4%+18.4pp | -35.8%-35.9pp | 0.1% |
| Return on Assets | -17.9%-16.4pp | -1.6%+32.1pp | -33.7%-0.6pp | -33.1%-31.4pp | -1.6%+6.0pp | -7.6%+9.8pp | -17.4%-17.4pp | 0.1% |
| Current Ratio | N/A | 1.23+0.3x | 0.97-0.3x | 1.25-0.4x | 1.610.0x | 1.64-0.2x | 1.82-0.4x | 2.19 |
| Debt-to-Equity | 10.91+7.1x | 3.79-67.7x | 71.48+68.2x | 3.26+1.9x | 1.37+0.1x | 1.29+0.2x | 1.06+0.3x | 0.81 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | -5.2%+6.8pp | -12.0% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin.
Note: The current ratio is below 1.0 (0.97), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Polar Pwr Inc Ranks
Frequently Asked Questions
What is Polar Pwr Inc's annual revenue?
Polar Pwr Inc (POLA) reported $6.3M in total revenue for fiscal year 2025. This represents a -54.9% 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 Polar Pwr Inc's revenue growing?
Polar Pwr Inc (POLA) revenue declined by 54.9% year-over-year, from $14.0M to $6.3M in fiscal year 2025.
Is Polar Pwr Inc profitable?
No, Polar Pwr Inc (POLA) reported a net income of -$9.1M in fiscal year 2025.
What is Polar Pwr Inc's EBITDA?
Polar Pwr Inc (POLA) had EBITDA of -$8.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Polar Pwr Inc's gross margin?
Polar Pwr Inc (POLA) had a gross margin of -50.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Polar Pwr Inc's return on equity (ROE)?
Polar Pwr Inc (POLA) has a return on equity of -6342.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Polar Pwr Inc's operating cash flow?
Polar Pwr Inc (POLA) recorded an outflow of $1.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Polar Pwr Inc's total assets?
Polar Pwr Inc (POLA) had $10.4M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Polar Pwr Inc spend on research and development?
Polar Pwr Inc (POLA) invested $646K in research and development during fiscal year 2025.
What is Polar Pwr Inc's current ratio?
Polar Pwr Inc (POLA) had a current ratio of 0.97 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Polar Pwr Inc's debt-to-equity ratio?
Polar Pwr Inc (POLA) had a debt-to-equity ratio of 71.48 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Polar Pwr Inc's return on assets (ROA)?
Polar Pwr Inc (POLA) had a return on assets of -87.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Polar Pwr Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Polar Pwr Inc (POLA) held $200K in cash, cash equivalents and investments, and reported an operating cash outflow of $1.1M over that year. Dividing the one by the other, the reported balance equals about 2 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Polar Pwr Inc's Altman Z-Score?
Polar Pwr Inc (POLA) has an Altman Z-Score of -7.03, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Polar Pwr Inc's Piotroski F-Score?
Polar Pwr Inc (POLA) has a Piotroski F-Score of 1 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Polar Pwr Inc's earnings high quality?
Polar Pwr Inc (POLA) reported a net loss of $9.1M while operations used $1.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
Can Polar Pwr Inc cover its interest payments?
Polar Pwr Inc (POLA) reported an operating loss of $8.4M against $720K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Polar Pwr Inc?
Polar Pwr Inc (POLA) scores 35 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.