Polestar Automotive Holding UK PLC (PSNYW) 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 6-K for Q2 FY2025, filed Sep 3, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PSNYW SEC filings page.
Polestar Automotive Holding UK PLC (PSNYW) reported $2.0B in revenue for fiscal year 2024, down 14.1% from the prior fiscal year. This page shows its 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 (20-F and 6-K reports).
Polestar’s 2024 numbers show a shrinking sales base, costs above revenue, and financing carrying a cash-burning operation.
The deterioration was not merely a volume problem: from FY2023 to FY2024, revenue fell14.1% while cost of revenue rose4.8% , pushing gross margin down25.8 percentage points . That combination points to worsening underlying economics, not just fewer vehicles sold.
Liabilities reached
Operating cash flow was
Financial Health Signals
Scored against operating companies for FY2024. 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 has an operating margin of -89.1%, meaning the company loses $89 on every $100 of revenue. This results in a profitability score of 26/100. This is down from -62.1% the prior year.
Polestar Automotive Holding UK PLC's revenue declined 14.1% year-over-year, from $2.4B to $2.0B. This contraction results in a growth score of 11/100.
Polestar Automotive Holding UK PLC's current ratio of 0.48 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 $991.2M of cash, and capex of $147.9M added to the outflow, for a free cash flow shortfall of $1.1B. This results in a cash flow score of 5/100.
Polestar Automotive Holding UK PLC scores -4.04, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $6.9B against total assets of $4.1B. 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.
Polestar Automotive Holding UK PLC 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.
Polestar Automotive Holding UK PLC reported a net loss of $2.0B while operations used $991.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Polestar Automotive Holding UK PLC reported an operating loss of $1.8B against $187.2M 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
None of these metrics is reported for Q2 2025.
Cash & Balance Sheet
Polestar Automotive Holding UK PLC held $718.6M in cash against $973.8M in long-term debt as of Q2 2025.
Not reported for Q2 2025.
Not reported for Q2 2025.
Margins & Returns
None of these metrics is reported for Q2 2025.
Capital Allocation
None of these metrics is reported for Q2 2025.
PSNYW 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 | Q2'256-K | Q4'246-K | Q2'246-K/A | Q4'236-K/A | Q2'236-K | Q4'2220-F | Q2'226-K | Q4'2120-F |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | $685.2M+16.3% | N/A | $589.1M | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | $686.1M+29.8% | N/A | $528.4M | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | -$810K-101.3% | N/A | $60.7M | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | $45.6M-31.6% | N/A | $66.7M | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | $64.4M+65.6% | N/A | $38.9M | N/A |
| Income Tax | N/A | N/A | N/A | N/A | $2.6M-4.9% | N/A | $2.7M | N/A |
| Net Income | N/A | N/A | N/A | N/A | -$304.1Mn/m | N/A | -$228.2M | N/A |
| EPS (Basic) | N/A | N/A | N/A | N/A | -$0.14n/m | N/A | -$0.12 | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | -$0.14n/m | N/A | -$0.12 | N/A |
| Diluted Shares (Avg) | N/A | N/A | N/A | N/A | 2.11B+8.2% | N/A | 1.95B | N/A |
Not reported in any period shown, so not listed: SG&A Expenses, Operating Income, EBITDA.
PSNYW 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 | Q2'256-K | Q4'246-K | Q2'246-K/A | Q4'236-K/A | Q2'236-K | Q4'2220-F | Q2'226-K | Q4'2120-F |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.6B-9.0% | $4.1B-5.5% | $4.0B-5.9% | $4.3B+7.0% | $4.3B | $4.0B+21.2% | N/A | $3.3B |
| Current Assets | $2.2B+20.0% | $2.3B+1.1% | $1.8B-23.3% | $2.3B+5.9% | $2.4B | $2.1B+33.6% | N/A | $1.6B |
| Cash & Equivalents | $718.6M+7.4% | $739.2M-3.8% | $668.9M-36.7% | $768.3M-21.1% | $1.1B-23.5% | $973.9M+28.7% | $1.4B | $756.7M |
| Inventory | $805.7M+12.8% | $1.1B+16.3% | $714.0M-17.7% | $927.7M+47.2% | $867.5M | $630.2M+15.5% | N/A | $545.7M |
| Goodwill | $837.7M-42.9% | $1.0B-26.6% | $1.5B0.0% | $1.4B+1.8% | $1.5B | $1.4B+1.8% | N/A | $1.4B |
| Total Liabilities | $7.9B+36.0% | $7.4B+33.2% | $5.8B+23.1% | $5.5B+35.2% | $4.7B | $4.1B+28.6% | N/A | $3.2B |
| Current Liabilities | $5.2B+62.1% | $4.7B+30.9% | $3.2B-21.2% | $3.6B+13.7% | $4.1B | $3.2B+4.8% | N/A | $3.0B |
| Non-Current Liabilities | $2.7B+3.8% | $2.6B+37.6% | $2.6B+298.9% | $1.9B+110.4% | $653.8M | $912.9M+523.3% | N/A | $146.5M |
| Long-Term Debt | $973.8M+4.0% | $927.2Mn/m | $936.2Mn/m | $0n/m | $0 | $0n/m | N/A | $0 |
| Total Equity | -$4.3Bn/m | -$3.3Bn/m | -$1.8Bn/m | -$1.3B-1491.1% | -$456.3Mn/m | $89.9Mn/m | -$170.0M | -$183.5M |
| Retained Earnings | -$8.1B | -$6.9B | N/A | N/A | -$4.0B | -$3.7Bn/m | N/A | -$1.8B |
Not reported in any period shown, so not listed: Short-Term Investments, Accounts Receivable, Long-Term Investments.
PSNYW 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.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
PSNYW 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 | Q2'256-K | Q4'246-K | Q2'246-K/A | Q4'236-K/A | Q2'236-K | Q4'2220-F | Q2'226-K | Q4'2120-F |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | -0.1%-10.4pp | N/A | 10.3% | N/A |
| Net Margin | N/A | N/A | N/A | N/A | -44.4%-5.6pp | N/A | -38.8% | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | -7.1% | N/A | N/A | N/A |
| Current Ratio | 0.43-0.1x | 0.48-0.1x | 0.580.0x | 0.630.0x | 0.59 | 0.67+0.1x | N/A | 0.53 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | 0.00 | N/A | N/A |
| Liabilities-to-Equity | N/A | N/A | N/A | N/A | N/A | 45.59 | N/A | N/A |
| Asset Turnover | N/A | N/A | N/A | N/A | 0.16 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Operating Margin, Return on Equity, FCF Margin.
Note: Shareholder equity is negative (-$3.3B), 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 (0.48), 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 PSNYW | FY2024 | $2.0B | -$2.0B | N/A | $501.1M | 26/100 |
| Polestar Automotive Holding UK PLC PSNY | FY2025 | $3.1B | -$2.4B | -77.1% | $673.5M | 37/100 |
| 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 (PSNYW) 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.
Polestar Automotive Holding UK PLC (PSNYW) revenue declined by 14.1% year-over-year, from $2.4B to $2.0B in fiscal year 2024.
No, Polestar Automotive Holding UK PLC (PSNYW) reported a net loss of $2.0B in fiscal year 2024.
Polestar Automotive Holding UK PLC (PSNYW) had EBITDA of -$1.8B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2024, Polestar Automotive Holding UK PLC (PSNYW) had $739.2M in cash and equivalents against $927.2M in long-term debt.
Polestar Automotive Holding UK PLC (PSNYW) had a gross margin of -43.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
Polestar Automotive Holding UK PLC (PSNYW) had an operating margin of -89.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
Polestar Automotive Holding UK PLC (PSNYW) recorded an outflow of $1.1B in free cash flow during fiscal year 2024. 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 (PSNYW) recorded an outflow of $991.2M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
Polestar Automotive Holding UK PLC (PSNYW) had $4.1B in total assets as of fiscal year 2024, including both current and long-term assets.
Polestar Automotive Holding UK PLC (PSNYW) invested $147.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Polestar Automotive Holding UK PLC (PSNYW) invested $38.4M in research and development during fiscal year 2024.
Polestar Automotive Holding UK PLC (PSNYW) had a current ratio of 0.48 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
Polestar Automotive Holding UK PLC (PSNYW) had a return on assets of -50.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Polestar Automotive Holding UK PLC (PSNYW) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2024). The market capitalization is $501.1M 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 (PSNYW) trades at 0.2x sales, its market capitalization divided by $2.0B revenue, FY2024. The market capitalization is $501.1M 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 (PSNYW) has negative shareholder equity of -$3.3B as of fiscal year 2024, 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 (PSNYW) has an Altman Z-Score of -4.04, 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.
Polestar Automotive Holding UK PLC (PSNYW) 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.
Polestar Automotive Holding UK PLC (PSNYW) reported a net loss of $2.0B while operations used $991.2M 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 (PSNYW) reported an operating loss of $1.8B against $187.2M 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.
Polestar Automotive Holding UK PLC (PSNYW) scores 26 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.