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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Market cap: $4.1M
P/E: 0.0×
Fwd P/E: 0.0×
Dividend yield: —
F-score: 2/9
Altman Z: −7.14
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	14.78	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Piotroski F-Score Full definition →	6	2	2	4	1	5	1	2	5	2
P/S ratio Full definition →	2.85	3.53	2.04	0.97	5.73	2.70	1.03	0.35	0.57	0.67
Altman Z-Score Full definition →	16.69	20.58	12.25	4.05	2.75	7.46	1.32	(0.77)	(1.43)	(7.14)
P/FCF ratio Full definition →	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) Full definition →	16.40	21.02	13.77	6.99	(1.47)	9.08	3.78	(0.70)	(3.69)	(17.90)
P/Operating CF Full definition →	94.46	(130.06)	(10.78)	(35.56)	(130.60)	(18.29)	(8.35)	(15.37)	(59.03)	(8.99)
Beneish M-Score Full definition →	0.03	(2.56)	(0.35)	6.61	—	(2.40)	(2.93)	0.64	(4.47)	—
P/B ratio Full definition →	2.75	2.22	2.19	1.31	4.50	1.96	0.91	0.40	0.94	29.47
Price to Tangible BV Full definition →	2.75	2.22	2.19	1.31	4.50	1.96	0.91	0.40	0.94	29.47
EV/Sales Full definition →	2.22	2.66	1.90	0.93	5.79	2.47	1.13	0.59	0.88	1.28
EV/EBITDA Full definition →	6.64	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Operating CF Full definition →	80.63	(24.16)	(5.83)	(10.61)	(7.99)	(4.44)	(2.80)	(2.63)	(23.01)	(7.62)
EV/FCF Full definition →	152.84	(18.61)	(5.35)	(8.72)	(7.81)	(4.34)	(2.73)	(2.40)	(17.98)	(6.68)
Quick Ratio Full definition →	7.54	11.97	7.28	1.46	1.15	3.57	0.88	0.49	0.31	0.05
Current Ratio Full definition →	9.37	15.80	11.91	6.98	3.24	7.41	3.92	2.15	1.82	0.97
Net Debt/EBITDA Full definition →	(2.09)	25.56	6.21	0.41	(0.05)	1.52	(0.34)	(0.66)	(1.02)	(0.46)
Debt/Assets Full definition →	1.31%	0.97%	4.79%	7.32%	12.50%	4.53%	8.02%	16.78%	27.34%	38.67%
Debt/Equity Full definition →	0.01	0.01	0.05	0.09	0.19	0.05	0.11	0.32	0.56	28.03
Asset Turnover Full definition →	1.45	0.56	0.97	1.02	0.44	0.75	0.63	0.62	0.65	0.45
Operating CF/Net income Full definition →	0.14	2.10	9.25	0.54	0.60	6.63	1.17	0.52	0.11	0.12
Capex/Depreciation Full definition →	(1.43)	(1.34)	(1.49)	(0.26)	(0.03)	(0.13)	(0.05)	(0.50)	(0.11)	0.00
Interest Coverage Full definition →	65.75	(45.06)	(54.40)	(38.66)	(216.07)	(51.63)	(95.40)	(10.72)	(6.74)	(11.70)
ROE Full definition →	33.99%	(3.25%)	(3.75%)	(19.85%)	(72.80%)	(8.14%)	(26.96%)	(41.75%)	(43.10%)	(211.02%)
ROA Full definition →	28.03%	(2.96%)	(3.41%)	(16.58%)	(52.57%)	(6.29%)	(21.74%)	(26.48%)	(21.85%)	(65.28%)
ROIC Full definition →	59.64%	(5.61%)	(3.83%)	(14.42%)	(67.13%)	(9.99%)	(17.37%)	(22.18%)	(21.34%)	(132.27%)
Return on Tangible Assets Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.21%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →	0.35	0.43	0.41	0.58	0.16	0.47	1.05	1.87	0.82	(0.06)
Graham Number Full definition →	44.78	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Yield Full definition →	6.77%	(1.39%)	(1.65%)	(16.73%)	(20.91%)	(3.21%)	(35.15%)	(124.96%)	(57.50%)	(214.97%)
Free Cash Flow Yield Full definition →	0.51%	(4.05%)	(17.46%)	(10.94%)	(12.95%)	(21.09%)	(40.41%)	(70.63%)	(8.55%)	(28.55%)
Revenue per Share Full definition →	21.09	9.95	16.59	17.14	5.84	9.29	8.72	8.05	5.57	2.48
Operating CF per Share Full definition →	0.58	(1.09)	(5.41)	(1.50)	(4.24)	(5.16)	(3.54)	(1.81)	(0.21)	(0.42)
Capex per Share Full definition →	(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 Full definition →	0.31	(1.33)	(5.81)	(1.73)	(4.25)	(5.20)	(3.55)	(1.91)	(0.22)	(0.42)
Cash per Share Full definition →	15.03	9.80	3.89	1.96	1.06	2.81	0.11	0.29	0.20	0.08
Shareholders Equity per Share Full definition →	21.88	15.80	15.44	12.70	7.43	12.79	9.88	6.95	3.39	0.06
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	21.88	15.80	15.44	12.70	7.43	12.79	9.88	6.95	3.39	0.06
Free Cash Flow Full definition →	0.33	(1.93)	(8.42)	(2.50)	(6.57)	(9.45)	(6.53)	(3.62)	(0.55)	(1.06)
Working Capital Full definition →	22.92	22.12	21.09	16.43	10.12	21.76	17.37	11.78	7.04	(0.26)
Capital Expenditures Full definition →	(0.30)	(0.34)	(0.57)	(0.34)	(0.02)	(0.07)	(0.02)	(0.19)	(0.02)	—
Net Current Asset Value Full definition →	22.69	21.99	20.17	14.00	8.34	21.22	17.31	9.92	6.56	(0.26)
EV/EBIT Full definition →	6.83	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capex to Sales Full definition →	0.01	0.02	0.02	0.01	0.00	0.00	0.00	0.01	0.00	0.00
Price to Operating Income Full definition →	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 Full definition →	0.28	0.31	0.18	0.61	0.42	0.54	0.94	1.13	0.85	0.52
Cash ROIC Full definition →	0.82%	(5.17%)	(28.82%)	(10.92%)	(42.75%)	(31.95%)	(32.13%)	(20.16%)	(4.02%)	(24.22%)
Accounts Receivable Turnover Full definition →	7.73	3.56	3.96	5.16	3.83	3.19	2.67	3.23	4.22	5.08
Accounts Payable Turnover Full definition →	29.97	13.63	18.22	24.23	33.08	42.10	49.93	14.66	11.66	6.49
Inventory Turnover Full definition →	3.64	1.87	2.38	1.78	1.27	1.49	1.14	0.91	0.86	0.85
Average Days of Payables Full definition →	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 Full definition →	139.97	207.38	186.11	255.40	226.51	244.68	405.06	413.11	371.84	363.65
Average Receivables Full definition →	2.95	4.05	6.07	4.80	2.36	5.29	6.02	4.74	3.31	1.24
Average Payables Full definition →	0.42	0.71	0.91	0.82	0.44	0.32	0.28	1.00	1.09	1.46
Average Inventory Full definition →	3.47	5.16	6.98	11.19	11.50	9.06	12.24	15.99	14.71	11.16
Average Assets Full definition →	15.71	25.58	24.88	24.40	20.68	22.49	25.68	24.72	21.40	13.99
Average Common Equity Full definition →	12.95	23.28	22.64	20.38	14.93	17.37	20.72	15.69	10.85	4.33

Fold the line items

Columns are period end dates

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