Polestar Automotive Holding UK PLC (PSNY) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 17, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PSNY SEC filings page.
Polestar Automotive Holding UK PLC (PSNY) reported $3.1B in revenue for fiscal year 2025, up 50.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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 (20-F and 6-K reports).
Revenue rebounded in FY2025, but liabilities expanded faster than assets while persistent cash losses left the balance sheet deeply negative.
Revenue rose50.3% in FY2025, yet operating cash flow was-$915M , so the larger sales base was not self-funding. Free cash flow was-$1.1B against$159M of capital expenditures, showing that reported cash pressure was mainly operating rather than an unusually large reinvestment program.
Liabilities reached
The current ratio fell from 0.5x to 0.4x in FY2025, leaving less short-term asset coverage per unit of obligation. Current liabilities grew
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. 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 Polestar Automotive Holding UK PLC'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.
Polestar Automotive Holding UK PLC's revenue surged 50.3% year-over-year to $3.1B, reflecting rapid business expansion. This strong growth earns a score of 72/100.
Polestar Automotive Holding UK PLC's current ratio of 0.43 is below the typical benchmark, resulting in a score of 4/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Polestar Automotive Holding UK PLC's operations used $915.0M of cash, and capex of $158.7M added to the outflow, for a free cash flow shortfall of $1.1B. This results in a cash flow score of 6/100.
Polestar Automotive Holding UK PLC passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
Polestar Automotive Holding UK PLC reported a net loss of $2.4B while operations used $915.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Polestar Automotive Holding UK PLC generated $3.1B in revenue in fiscal year 2025. This represents an increase of 50.3% from the prior year.
Polestar Automotive Holding UK PLC reported a net loss of $2.4B in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Polestar Automotive Holding UK PLC recorded an outflow of $1.1B in free cash flow in fiscal year 2025, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Polestar Automotive Holding UK PLC held $1.2B in cash against $93.5M in long-term debt as of fiscal year 2025, with $6.2B of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Polestar Automotive Holding UK PLC's net profit margin was -77.1% in fiscal year 2025, showing the share of revenue converted to profit. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Polestar Automotive Holding UK PLC invested $158.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 7.3% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
PSNY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Revenue | $3.1B+50.3% | $2.0B-14.1% | $2.4B-3.0% | $2.4B+81.7% | $1.3B+120.2% | $610.2M |
| Cost of Revenue | N/A | $2.9B+4.8% | $2.8B+18.7% | $2.3B+75.6% | $1.3B+140.7% | $553.7M |
| Gross Profit | N/A | -$876.2Mn/m | -$410.1M-505.6% | $101.1M+814.6% | $11.1M-80.4% | $56.5M |
| R&D Expenses | N/A | $38.4M-75.6% | $157.3M-10.1% | $174.9M-25.3% | $234.0M+27.3% | $183.8M |
| Operating Income | N/A | -$1.8Bn/m | -$1.5Bn/m | -$1.3Bn/m | -$960.6M | N/A |
| EBITDA | N/A | -$1.8Bn/m | -$1.4Bn/m | -$1.1Bn/m | -$749.1M | N/A |
| Interest Expense | $4.6M-97.5% | $187.2M+61.1% | $116.2M+248.6% | $33.3M+185.3% | $11.7M-11.3% | $13.2M |
| Income Tax | -$3.7Mn/m | -$9.2Mn/m | -$9.5M-131.8% | $29.8Mn/m | -$3.1M-122.7% | $13.5M |
| Net Income | -$2.4Bn/m | -$2.0Bn/m | -$1.2Bn/m | -$479.0Mn/m | -$969.8Mn/m | -$484.9M |
| EPS (Basic) | N/A | -$0.97n/m | -$0.56n/m | -$0.24n/m | -$0.51n/m | -$0.29 |
| EPS (Diluted) | N/A | -$0.97n/m | -$0.56n/m | -$0.24n/m | -$0.51n/m | -$0.29 |
| Diluted Shares (Avg) | 2.78B+31.5% | 2.11B0.0% | 2.11B+4.1% | 2.03B+6.1% | 1.91B+13.7% | 1.68B |
Not reported in any period shown, so not listed: SG&A Expenses.
PSNY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Total Assets | $3.9B-3.1% | $4.1B-5.5% | $4.3B+7.0% | $4.0B+21.2% | $3.3B | N/A |
| Current Assets | $2.7B+17.0% | $2.3B+1.1% | $2.3B+5.9% | $2.1B+33.6% | $1.6B | N/A |
| Cash & Equivalents | $1.2B+56.8% | $739.2M-3.8% | $768.3M-21.1% | $973.9M+28.7% | $756.7M+139.1% | $316.4M |
| Short-Term Investments | $0 | N/A | N/A | N/A | N/A | N/A |
| Inventory | $853.1M-21.0% | $1.1B+16.3% | $927.7M+47.2% | $630.2M+15.5% | $545.7M | N/A |
| Accounts Receivable | $341.9M | N/A | N/A | N/A | N/A | N/A |
| Long-Term Investments | $0 | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $700.3M-32.7% | $1.0B-26.6% | $1.4B+1.8% | $1.4B+1.8% | $1.4B | N/A |
| Total Liabilities | $9.1B+22.6% | $7.4B+33.2% | $5.5B+35.2% | $4.1B+28.6% | $3.2B | N/A |
| Current Liabilities | $6.2B+31.0% | $4.7B+30.9% | $3.6B+13.7% | $3.2B+4.8% | $3.0B | N/A |
| Non-Current Liabilities | $2.8B+7.6% | $2.6B+37.6% | $1.9B+110.4% | $912.9M+523.3% | $146.5M | N/A |
| Long-Term Debt | $93.5M-89.9% | $927.2Mn/m | $0n/m | $0n/m | $0 | N/A |
| Total Equity | -$5.1Bn/m | -$3.3Bn/m | -$1.3B-1491.1% | $89.9Mn/m | -$183.5Mn/m | -$603.2M |
| Retained Earnings | N/A | -$6.9B | N/A | -$3.7Bn/m | -$1.8B | N/A |
PSNY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$915.0Mn/m | -$991.2Mn/m | -$1.9Bn/m | -$1.1Bn/m | -$324.1Mn/m | -$57.0M |
| Depreciation & Amortization | $52.7M-5.4% | $55.7M-51.7% | $115.4M-18.0% | $140.8M-33.4% | $211.6M-2.1% | $216.1M |
| Capital Expenditures | $158.7M+7.3% | $147.9M+7.6% | $137.4M+325.8% | $32.3M+30.6% | $24.7M-50.2% | $49.6M |
| Free Cash Flow | -$1.1Bn/m | -$1.1Bn/m | -$2.0Bn/m | -$1.1Bn/m | -$348.8Mn/m | -$106.6M |
| Investing Cash Flow | -$520.7Mn/m | -$412.6Mn/m | -$417.6Mn/m | -$709.0Mn/m | -$126.9Mn/m | -$243.7M |
| Financing Cash Flow | $1.7B+18.9% | $1.4B-32.3% | $2.1B+1.5% | $2.1B+125.8% | $918.7M+155.5% | $359.6M |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
PSNY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Gross Margin | N/A | -43.1%-25.8pp | -17.3%-21.5pp | 4.1%+3.3pp | 0.8%-8.4pp | 9.3% |
| Operating Margin | N/A | -89.1%-27.1pp | -62.1%-9.3pp | -52.7%+18.8pp | -71.5% | N/A |
| Net Margin | -77.1% | -100.8% | -49.9%-30.3pp | -19.6%+52.5pp | -72.2%+7.3pp | -79.5% |
| Return on Equity | N/A | N/A | N/A | -532.6% | N/A | N/A |
| Return on Assets | -60.0%-9.4pp | -50.6%-23.0pp | -27.5%-15.6pp | -11.9%+17.3pp | -29.3% | N/A |
| Current Ratio | 0.43-0.1x | 0.48-0.1x | 0.630.0x | 0.67+0.1x | 0.53 | N/A |
| Debt-to-Equity | N/A | N/A | N/A | 0.00 | N/A | N/A |
| Liabilities-to-Equity | N/A | N/A | N/A | 45.59 | N/A | N/A |
| Asset Turnover | 0.78+0.3x | 0.500.0x | 0.55-0.1x | 0.61+0.2x | 0.41 | N/A |
| FCF Margin | -35.1%+20.9pp | -56.0%+29.8pp | -85.8%-40.2pp | -45.6%-19.7pp | -26.0%-8.5pp | -17.5% |
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: Net Margin.
Note: Shareholder equity is negative (-$5.1B), which causes the debt-to-equity, liabilities-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 (0.43), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Polestar Automotive Holding UK PLC PSNY | FY2025 | $3.1B | -$2.4B | -77.1% | $673.5M | 37/100 |
| Polestar Automotive Holding UK PLC PSNYW | FY2024 | $2.0B | -$2.0B | N/A | $501.1M | 26/100 |
| Lucid Group, Inc. LCID | FY2025 | $1.4B | -$2.7B | N/A | $1.2B | 30/100 |
| Lotus Technology Inc. LOT | FY2025 | $519.1M | -$464.2M | -89.4% | $254.2M | 41/100 |
| Niu Technologies NIU | FY2025 | $616.0M | -$5.6M | -0.9% | $141.2M | 35/100 |
| NIO Inc. NIO | FY2025 | $12.5B | -$2.1B | -17.1% | $8.0B | 32/100 |
Where Polestar Automotive Holding UK PLC Ranks
Frequently Asked Questions
Polestar Automotive Holding UK PLC (PSNY) reported $3.1B in total revenue for fiscal year 2025. This represents a 50.3% 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.
Polestar Automotive Holding UK PLC (PSNY) revenue grew by 50.3% year-over-year, from $2.0B to $3.1B in fiscal year 2025.
No, Polestar Automotive Holding UK PLC (PSNY) reported a net loss of $2.4B in fiscal year 2025, with a net profit margin of -77.1%.
As of fiscal year 2025, Polestar Automotive Holding UK PLC (PSNY) had $1.2B in cash and equivalents against $93.5M in long-term debt.
Polestar Automotive Holding UK PLC (PSNY) had a net profit margin of -77.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Polestar Automotive Holding UK PLC (PSNY) recorded an outflow of $1.1B in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
Polestar Automotive Holding UK PLC (PSNY) recorded an outflow of $915.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Polestar Automotive Holding UK PLC (PSNY) had $3.9B in total assets as of fiscal year 2025, including both current and long-term assets.
Polestar Automotive Holding UK PLC (PSNY) invested $158.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Polestar Automotive Holding UK PLC (PSNY) had a current ratio of 0.43 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
Polestar Automotive Holding UK PLC (PSNY) had a return on assets of -60.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Polestar Automotive Holding UK PLC (PSNY) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $673.5M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Polestar Automotive Holding UK PLC (PSNY) trades at 0.2x sales, its market capitalization divided by $3.1B revenue, FY2025. The market capitalization is $673.5M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2025, Polestar Automotive Holding UK PLC (PSNY) held $1.2B in cash, cash equivalents and investments, and reported an operating cash outflow of $915.0M over that year. Dividing the one by the other, the reported balance equals about 15 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.
Polestar Automotive Holding UK PLC (PSNY) has negative shareholder equity of -$5.1B as of fiscal year 2025, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.
Polestar Automotive Holding UK PLC (PSNY) has a Piotroski F-Score of 3 out of 7 computable signals; 2 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.
Polestar Automotive Holding UK PLC (PSNY) reported a net loss of $2.4B while operations used $915.0M 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.
Polestar Automotive Holding UK PLC (PSNY) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), 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.