Polar Pwr Inc Financials
This page shows Polar Pwr Inc (POLA) financial statements, including the 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).
Polar Power's sales base has fallen below its cost structure, leaving an inventory-funded liquidity bridge instead of earnings.
FY2025's accounting loss looked far worse than its cash drain: net loss reached-$9.1M , but operating cash outflow was only-$1.1M . The gap lines up with inventory being worked down from$12.9M to$9.4M , meaning liquidity was supported by releasing stock from the balance sheet even as the core business sold at a loss.
With FY2025 revenue at
Leverage ratios have become distorted by a near-empty equity base: year-end equity was only
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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 has an operating margin of -133.6%, meaning the company retains $-134 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -31.3% the prior year.
Polar Pwr Inc's revenue declined 54.9% year-over-year, from $14.0M to $6.3M. This contraction results in a growth score of 0/100.
Polar Pwr Inc has elevated debt relative to equity (D/E of 71.48), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Polar Pwr Inc's current ratio of 0.97 is below the typical benchmark, resulting in a score of 14/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Polar Pwr Inc generates a -6342.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -54.9% the prior year.
Polar Pwr Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Polar Pwr Inc generates $0.12 in operating cash flow (-$1.1M OCF vs -$9.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Polar Pwr Inc earns $-11.7 in operating income for every $1 of interest expense (-$8.4M vs $720K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
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 against $0 in long-term debt as of fiscal year 2025.
Polar Pwr Inc had 3M shares outstanding in fiscal year 2025. This represents an increase of 6.0% from the prior year.
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 operating margin was -133.6% in fiscal year 2025, reflecting core business profitability. This is down 102.3 percentage points from the prior year.
Polar Pwr Inc's net profit margin was -144.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 111.4 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.
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.
POLA Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $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+5.5% | $4.7M |
| Cost of Revenue | $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+23.4% | $2.8M |
| Gross Profit | $1.1M+152.9% | -$2.1M+5.0% | -$2.3M-343.0% | $930K+190.6% | $320K+120.8% | -$1.5M-208.1% | $1.4M-22.3% | $1.8M |
| R&D Expenses | $169K-7.7% | $183K+16.6% | $157K+7.5% | $146K-8.8% | $160K-13.0% | $184K+7.0% | $172K-11.8% | $195K |
| SG&A Expenses | $783K-6.9% | $841K+4.2% | $807K+13.7% | $710K-29.1% | $1.0M+10.1% | $909K-5.3% | $960K+5.1% | $913K |
| Operating Income | $24K+100.7% | -$3.3M+14.0% | -$3.9M-3424.5% | -$110K+90.0% | -$1.1M+62.0% | -$2.9M-7340.0% | $40K-91.3% | $460K |
| Interest Expense | $202K+14.1% | $177K-14.9% | $208K+21.6% | $171K+4.3% | $164K+6.5% | $154K+0.7% | $153K-14.5% | $179K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$178K+94.9% | -$3.5M+14.0% | -$4.1M-1407.4% | -$271K+78.6% | -$1.3M+58.5% | -$3.0M-23553.8% | $13K-97.4% | $501K |
| EPS (Diluted) | $-0.05 | N/A | $-1.63-1381.8% | $-0.11+78.0% | $-0.50 | N/A | $0.01-95.0% | $0.20 |
POLA Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $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-5.7% | $22.2M |
| Current Assets | $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-4.8% | $19.6M |
| Cash & Equivalents | $27K-86.5% | $200K+4900.0% | $4K-97.7% | $175K+157.4% | $68K-86.3% | $498K0.0% | $498K-55.5% | $1.1M |
| Inventory | $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-4.7% | $15.8M |
| Accounts Receivable | $1.5M+357.9% | $330K-61.4% | $856K-57.9% | $2.0M+20.4% | $1.7M-21.6% | $2.2M-27.0% | $2.9M+27.7% | $2.3M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $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-12.0% | $10.6M |
| Current Liabilities | $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-9.8% | $9.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $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+0.1% | $11.5M |
| Retained Earnings | -$39.6M-0.5% | -$39.5M-9.8% | -$36.0M-12.8% | -$31.9M-0.9% | -$31.6M-4.2% | -$30.3M-11.2% | -$27.3M0.0% | -$27.3M |
POLA Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.2M-364.2% | -$472K-218.3% | $399K+198.8% | -$404K+30.8% | -$584K-329.4% | -$136K+76.9% | -$590K-150.0% | $1.2M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | $1K | $0 | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | -$137K+76.8% | -$590K | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | -$1K | $0 | N/A |
| Financing Cash Flow | $2.0M+202.1% | $668K+217.2% | -$570K-211.5% | $511K+231.8% | $154K+12.4% | $137K+541.9% | -$31K+87.8% | -$254K |
| 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 |
POLA Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.7%+423.4pp | -357.7%-180.1pp | -177.5%-211.9pp | 34.3%+15.8pp | 18.6%+77.3pp | -58.8%-87.7pp | 29.0%-10.3pp | 39.3% |
| Operating Margin | 1.4%+557.2pp | -555.8%-251.3pp | -304.6%-300.5pp | -4.1%+59.8pp | -63.9%+46.6pp | -110.5%-111.3pp | 0.8%-9.1pp | 9.9% |
| Net Margin | -10.3%+575.0pp | -585.3%-264.4pp | -320.9%-310.9pp | -10.0%+63.4pp | -73.4%+42.9pp | -116.3%-116.6pp | 0.3%-10.5pp | 10.8% |
| Return on Equity | -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%-4.2pp | 4.3% |
| Return on Assets | -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%-2.2pp | 2.3% |
| Current Ratio | 1.23+0.3 | 0.97-0.3 | 1.25-0.4 | 1.61-0.0 | 1.64-0.2 | 1.82-0.4 | 2.19+0.1 | 2.08 |
| Debt-to-Equity | 3.79-67.7 | 71.48+68.2 | 3.26+1.9 | 1.37+0.1 | 1.29+0.2 | 1.06+0.3 | 0.81-0.1 | 0.92 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | -5.2%+6.8pp | -12.0% | N/A |
Note: The current ratio is below 1.0 (0.97), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
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, with a net profit margin of -144.9%.
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 operating margin?
Polar Pwr Inc (POLA) had an operating margin of -133.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Polar Pwr Inc's net profit margin?
Polar Pwr Inc (POLA) had a net profit margin of -144.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
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) generated -$1.1M in operating cash flow during fiscal year 2025, representing cash generated from 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.
What is Polar Pwr Inc's cash runway?
Based on fiscal year 2025 data, Polar Pwr Inc (POLA) had $200K in cash against an annual operating cash burn of $1.1M. This gives an estimated cash runway of approximately 2 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.
What is Polar Pwr Inc's Piotroski F-Score?
Polar Pwr Inc (POLA) has a Piotroski F-Score of 1 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 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) has an earnings quality ratio of 0.12x, 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.
Can Polar Pwr Inc cover its interest payments?
Polar Pwr Inc (POLA) has an interest coverage ratio of -11.7x, meaning it can struggle to cover its interest obligations. 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 2 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.