Saturday 17 October 2026
Export POLA’s income statement to Excel — free account
Polar Power, Inc.
POLA Industrials Electrical Equipment & Parts
Polar Power, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.3 million, down 54.9% from fiscal 2024. In the quarter to June 2026, revenue fell 62.4%, EPS fell 345.5%, free cash flow grew 105.0% and total debt fell 48.5%, each against the same quarter a year earlier.
0.84
0.12
−12.50%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
14.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
6 | 2 | 2 | 4 | 1 | 5 | 1 | 2 | 5 | 2 |
P/S ratio |
2.85 | 3.53 | 2.04 | 0.97 | 5.73 | 2.70 | 1.03 | 0.35 | 0.57 | 0.67 |
Altman Z-Score |
16.69 | 20.58 | 12.25 | 4.05 | 2.75 | 7.46 | 1.32 | (0.77) | (1.43) | (7.14) |
P/FCF ratio |
196.72 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
16.40 | 21.02 | 13.77 | 6.99 | (1.47) | 9.08 | 3.78 | (0.70) | (3.69) | (17.90) |
P/Operating CF |
94.46 | (130.06) | (10.78) | (35.56) | (130.60) | (18.29) | (8.35) | (15.37) | (59.03) | (8.99) |
Beneish M-Score |
0.03 | (2.56) | (0.35) | 6.61 | — | (2.40) | (2.93) | 0.64 | (4.47) | — |
P/B ratio |
2.75 | 2.22 | 2.19 | 1.31 | 4.50 | 1.96 | 0.91 | 0.40 | 0.94 | 29.47 |
Price to Tangible BV |
2.75 | 2.22 | 2.19 | 1.31 | 4.50 | 1.96 | 0.91 | 0.40 | 0.94 | 29.47 |
EV/Sales |
2.22 | 2.66 | 1.90 | 0.93 | 5.79 | 2.47 | 1.13 | 0.59 | 0.88 | 1.28 |
EV/EBITDA |
6.64 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
80.63 | (24.16) | (5.83) | (10.61) | (7.99) | (4.44) | (2.80) | (2.63) | (23.01) | (7.62) |
EV/FCF |
152.84 | (18.61) | (5.35) | (8.72) | (7.81) | (4.34) | (2.73) | (2.40) | (17.98) | (6.68) |
Quick Ratio |
7.54 | 11.97 | 7.28 | 1.46 | 1.15 | 3.57 | 0.88 | 0.49 | 0.31 | 0.05 |
Current Ratio |
9.37 | 15.80 | 11.91 | 6.98 | 3.24 | 7.41 | 3.92 | 2.15 | 1.82 | 0.97 |
Net Debt/EBITDA |
(2.09) | 25.56 | 6.21 | 0.41 | (0.05) | 1.52 | (0.34) | (0.66) | (1.02) | (0.46) |
Debt/Assets |
1.31% | 0.97% | 4.79% | 7.32% | 12.50% | 4.53% | 8.02% | 16.78% | 27.34% | 38.67% |
Debt/Equity |
0.01 | 0.01 | 0.05 | 0.09 | 0.19 | 0.05 | 0.11 | 0.32 | 0.56 | 28.03 |
Asset Turnover |
1.45 | 0.56 | 0.97 | 1.02 | 0.44 | 0.75 | 0.63 | 0.62 | 0.65 | 0.45 |
Operating CF/Net income |
0.14 | 2.10 | 9.25 | 0.54 | 0.60 | 6.63 | 1.17 | 0.52 | 0.11 | 0.12 |
Capex/Depreciation |
(1.43) | (1.34) | (1.49) | (0.26) | (0.03) | (0.13) | (0.05) | (0.50) | (0.11) | 0.00 |
Interest Coverage |
65.75 | (45.06) | (54.40) | (38.66) | (216.07) | (51.63) | (95.40) | (10.72) | (6.74) | (11.70) |
| 33.99% | (3.25%) | (3.75%) | (19.85%) | (72.80%) | (8.14%) | (26.96%) | (41.75%) | (43.10%) | (211.02%) | |
| 28.03% | (2.96%) | (3.41%) | (16.58%) | (52.57%) | (6.29%) | (21.74%) | (26.48%) | (21.85%) | (65.28%) | |
ROIC |
59.64% | (5.61%) | (3.83%) | (14.42%) | (67.13%) | (9.99%) | (17.37%) | (22.18%) | (21.34%) | (132.27%) |
Return on Tangible Assets |
18.61% | (3.30%) | (3.65%) | (21.83%) | (93.55%) | (6.21%) | (31.19%) | (54.03%) | (64.66%) | 6,815.67% |
Average Days of Receivables |
70.50 | 93.35 | 128.15 | 17.15 | 143.36 | 151.87 | 114.05 | 106.52 | 56.25 | 19.11 |
Research and Development Expense of Revenue |
0.94% | 9.26% | 7.93% | 9.18% | 19.08% | 11.75% | 9.09% | 7.99% | 5.52% | 10.25% |
Selling, General and Administrative Expense of Revenue |
11.13% | 29.33% | 27.54% | 26.71% | 62.21% | 26.97% | 38.60% | 35.72% | 35.20% | 66.09% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.21% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
0.35 | 0.43 | 0.41 | 0.58 | 0.16 | 0.47 | 1.05 | 1.87 | 0.82 | (0.06) |
Graham Number |
44.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
6.77% | (1.39%) | (1.65%) | (16.73%) | (20.91%) | (3.21%) | (35.15%) | (124.96%) | (57.50%) | (214.97%) |
Free Cash Flow Yield |
0.51% | (4.05%) | (17.46%) | (10.94%) | (12.95%) | (21.09%) | (40.41%) | (70.63%) | (8.55%) | (28.55%) |
Revenue per Share |
21.09 | 9.95 | 16.59 | 17.14 | 5.84 | 9.29 | 8.72 | 8.05 | 5.57 | 2.48 |
Operating CF per Share |
0.58 | (1.09) | (5.41) | (1.50) | (4.24) | (5.16) | (3.54) | (1.81) | (0.21) | (0.42) |
Capex per Share |
(0.27) | (0.24) | (0.40) | (0.23) | (0.01) | (0.04) | (0.01) | (0.10) | (0.01) | 0.00 |
Free Cash Flow per Share |
0.31 | (1.33) | (5.81) | (1.73) | (4.25) | (5.20) | (3.55) | (1.91) | (0.22) | (0.42) |
Cash per Share |
15.03 | 9.80 | 3.89 | 1.96 | 1.06 | 2.81 | 0.11 | 0.29 | 0.20 | 0.08 |
Shareholders Equity per Share |
21.88 | 15.80 | 15.44 | 12.70 | 7.43 | 12.79 | 9.88 | 6.95 | 3.39 | 0.06 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
21.88 | 15.80 | 15.44 | 12.70 | 7.43 | 12.79 | 9.88 | 6.95 | 3.39 | 0.06 |
Free Cash Flow |
0.33 | (1.93) | (8.42) | (2.50) | (6.57) | (9.45) | (6.53) | (3.62) | (0.55) | (1.06) |
Working Capital |
22.92 | 22.12 | 21.09 | 16.43 | 10.12 | 21.76 | 17.37 | 11.78 | 7.04 | (0.26) |
Capital Expenditures |
(0.30) | (0.34) | (0.57) | (0.34) | (0.02) | (0.07) | (0.02) | (0.19) | (0.02) | — |
Net Current Asset Value |
22.69 | 21.99 | 20.17 | 14.00 | 8.34 | 21.22 | 17.31 | 9.92 | 6.56 | (0.26) |
EV/EBIT |
6.83 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.01 | 0.02 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
Price to Operating Income |
8.79 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.28 | 0.31 | 0.18 | 0.61 | 0.42 | 0.54 | 0.94 | 1.13 | 0.85 | 0.52 |
Cash ROIC |
0.82% | (5.17%) | (28.82%) | (10.92%) | (42.75%) | (31.95%) | (32.13%) | (20.16%) | (4.02%) | (24.22%) |
Accounts Receivable Turnover |
7.73 | 3.56 | 3.96 | 5.16 | 3.83 | 3.19 | 2.67 | 3.23 | 4.22 | 5.08 |
Accounts Payable Turnover |
29.97 | 13.63 | 18.22 | 24.23 | 33.08 | 42.10 | 49.93 | 14.66 | 11.66 | 6.49 |
Inventory Turnover |
3.64 | 1.87 | 2.38 | 1.78 | 1.27 | 1.49 | 1.14 | 0.91 | 0.86 | 0.85 |
Average Days of Payables |
19.07 | 28.64 | 23.43 | 10.56 | 7.75 | 8.90 | 6.03 | 44.06 | 11.77 | 96.69 |
Days of Inventory on Hand |
139.97 | 207.38 | 186.11 | 255.40 | 226.51 | 244.68 | 405.06 | 413.11 | 371.84 | 363.65 |
Average Receivables |
2.95 | 4.05 | 6.07 | 4.80 | 2.36 | 5.29 | 6.02 | 4.74 | 3.31 | 1.24 |
Average Payables |
0.42 | 0.71 | 0.91 | 0.82 | 0.44 | 0.32 | 0.28 | 1.00 | 1.09 | 1.46 |
Average Inventory |
3.47 | 5.16 | 6.98 | 11.19 | 11.50 | 9.06 | 12.24 | 15.99 | 14.71 | 11.16 |
Average Assets |
15.71 | 25.58 | 24.88 | 24.40 | 20.68 | 22.49 | 25.68 | 24.72 | 21.40 | 13.99 |
Average Common Equity |
12.95 | 23.28 | 22.64 | 20.38 | 14.93 | 17.37 | 20.72 | 15.69 | 10.85 | 4.33 |
Columns are period end dates