Every 10-Q that Polar Power, Inc. (POLA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow POLA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full POLA filings page.
Polar Power, Inc. (POLA) reported sharply weaker results for the quarter ended June 30, 2026. Net sales were $1.0 million, down from $2.7 million a year earlier, producing a quarterly gross loss of $0.3 million and a net loss of $1.8 million versus a $0.3 million loss in 2025. For the first six months, net sales were $2.7 million compared with $4.4 million and the net loss widened to $2.0 million.
Cash was only $183,000 with total assets of $10.2 million, while the line of credit balance was $2.7 million and stockholders’ equity was $0.9 million, well below Nasdaq’s $2.5 million minimum, prompting a compliance plan and deadline of October 28, 2026. Auditors and management expressed substantial doubt about the company’s ability to continue as a going concern, citing recurring losses, limited liquidity, and dependence on external financing.
The company is out of covenant on its Pinnacle Bank credit facility and operating under a Forbearance Agreement, with repayment deadlines potentially extended only if a modification is finalized. It also resolved rent delinquencies through settlement but faces renewed eviction risk if terms are not met. During the period POLA issued $1.25 million of variable-price convertible notes, creating a $763,000 derivative liability, and after quarter-end raised additional capital through Series A Convertible Preferred Stock and an equity line with a Roth Capital affiliate.
Polar Power, Inc. reported essentially flat net sales of $1,728 for the quarter ended March 31, 2026, versus $1,723 a year earlier, but its net loss narrowed sharply to $178 from $1,265. Gross margin improved to 65.7%, helped by a reduction of the warranty reserve from $600 to $150.
Cash remains very limited at $27, with a line-of-credit balance of $3,704 and rent arrears of $858. The company raised $2,424 by selling 962,500 shares through its at-the-market equity program, lifting stockholders’ equity to $2,390 as of March 31, 2026.
Auditors have expressed substantial doubt about Polar Power’s ability to continue as a going concern. After quarter-end, the company received a Nasdaq notice for falling below the $2.5M equity requirement and was evicted from its headquarters, forcing relocation of offices and production to a warehouse facility while it seeks additional financing.
Polar Power, Inc. (POLA) reported a sharp downturn in Q3 2025, with net sales of $1,273 versus $4,914 a year earlier and a net loss of $4,085 versus prior net income of $13. For the nine months ended September 30, 2025, net sales fell to $5,704 from $11,348 and the net loss widened to $5,621 from $1,628.
Gross margin turned negative, driven by a $1,967 inventory write-down and a $455 impairment of lease right-of-use assets and deposits. Cash fell to $4 with a $4,652 line-of-credit balance and total stockholders’ equity of $2,899, leading auditors and management to express substantial doubt about the company’s ability to continue as a going concern.
The company is delinquent on facility rent, faces an eviction summons for its main plant, and is out of compliance with key covenants on its $7,500 Pinnacle Bank revolving credit facility. To bolster liquidity, Polar Power established an ATM equity program for up to $2,382 and had raised about $714 by selling 147,144 shares as of November 19, 2025. Despite current stress, backlog reached $5,283, including a $674 military generator contract, a $1,700 mobile EV charger order and about $850 of new telecom orders.