Polar Power, Inc. (POLA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.73M | 600K | 1.27M | 2.71M | 1.72M | 2.62M | 4.91M | 4.66M | 1.77M | 3.6M | 1.91M | 5.59M | 4.19M | 6.37M | 1.71M | 4.27M | 3.71M | 4.62M | 4.14M | 4.85M |
| Revenue Growth % | 0.29% | -77.12% | -74.09% | -41.89% | -2.93% | -27.27% | 157.14% | -16.59% | -57.64% | -43.37% | 11.95% | 30.72% | 12.97% | 37.7% | -58.73% | -11.82% | 12.74% | 81.79% | 65.37% | 330.46% |
| Cost of Goods Sold | 593K | 2.75M | 3.53M | 1.78M | 1.4M | 4.16M | 3.49M | 2.83M | 2.18M | 5.03M | 2.02M | 4.11M | 3.44M | 5.96M | 1.95M | 3.21M | 2.8M | 3.05M | 3.17M | 3.88M |
| COGS % of Revenue | 34.32% | 457.5% | 277.53% | 65.66% | 81.43% | 158.73% | 71.02% | 60.69% | 122.82% | 139.64% | 105.65% | 73.6% | 81.98% | 93.62% | 114.47% | 75.18% | 75.6% | 66.04% | 76.64% | 80.05% |
| Gross Profit | 1.14M | -2.14M | -2.26M | 930K | 320K | -1.54M | 1.42M | 1.83M | -405K | -1.43M | -108K | 1.48M | 755K | 406K | -247K | 1.06M | 905K | 1.57M | 966K | 967K |
| Gross Margin % | 65.68% | -357.17% | -177.53% | 34.34% | 18.57% | -58.73% | 28.98% | 39.31% | -22.82% | -39.64% | -5.65% | 26.4% | 18.02% | 6.38% | -14.47% | 24.82% | 24.4% | 33.96% | 23.36% | 19.95% |
| Gross Profit Growth % | 254.69% | -39.16% | -258.71% | -49.24% | 179.01% | -7.77% | 1418.52% | 24.2% | -153.64% | -451.97% | 56.28% | 39.02% | -16.57% | -74.14% | -125.57% | 9.72% | 1660.34% | 176.47% | 135.79% | 236.01% |
| Operating Expenses | 1.11M | 1.19M | 1.16M | 1.04M | 1.42M | 1.36M | 1.38M | 1.37M | 1.58M | 1.54M | 1.56M | 1.78M | 1.79M | 1.73M | 2.13M | 1.79M | 2.01M | 1.14M | 1.73M | 1.83M |
| OpEx % of Revenue | 64.29% | 198.5% | 91.28% | 38.4% | 82.47% | 51.72% | 28.16% | 29.44% | 88.85% | 42.8% | 81.89% | 31.95% | 42.72% | 27.19% | 124.72% | 41.79% | 54.25% | 24.72% | 41.78% | 37.8% |
| Selling, General & Admin | 942K | 1.01M | 1M | 894K | 1.26M | 1.17M | 1.21M | 1.18M | 1.36M | 1.3M | 1.27M | 1.45M | 1.44M | 1.42M | 1.81M | 1.44M | 1.54M | 642K | 1.2M | 1.37M |
| SG&A % of Revenue | 54.51% | 167.83% | 78.95% | 33.01% | 73.19% | 44.66% | 24.66% | 25.26% | 76.45% | 36.17% | 66.25% | 25.9% | 34.46% | 22.24% | 106.03% | 33.6% | 41.41% | 13.89% | 28.89% | 28.24% |
| Research & Development | 169K | 184K | 157K | 146K | 160K | 185K | 172K | 195K | 220K | 239K | 299K | 338K | 346K | 315K | 319K | 350K | 476K | 501K | 533K | 463K |
| R&D % of Revenue | 9.78% | 30.67% | 12.33% | 5.39% | 9.29% | 7.06% | 3.5% | 4.18% | 12.39% | 6.63% | 15.65% | 6.05% | 8.26% | 4.95% | 18.69% | 8.19% | 12.83% | 10.84% | 12.89% | 9.55% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7K | 0 | 0 | 0 | 0 | 14K |
| Operating Income | 24K | -3.33M | -3.42M | -110K | -1.1M | -2.9M | 40K | 460K | -1.98M | -2.97M | -1.67M | -310K | -1.03M | -1.32M | -2.38M | -725K | -1.11M | 427K | -762K | -865K |
| Operating Margin % | 1.39% | -555.83% | -268.81% | -4.06% | -63.9% | -110.45% | 0.81% | 9.87% | -111.49% | -82.44% | -87.55% | -5.55% | -24.7% | -20.81% | -139.19% | -16.96% | -29.85% | 9.24% | -18.42% | -17.85% |
| Operating Income Growth % | 102.18% | -15.16% | -8655% | -123.91% | 44.37% | 2.56% | 102.39% | 248.39% | -91.21% | -124.3% | 29.59% | 57.24% | 6.5% | -410.3% | -211.81% | 16.18% | 41.68% | 111.75% | 83.83% | 62.31% |
| EBITDA | 40K | -3.32M | -3.4M | -93K | -1.08M | -2.88M | 65K | 515K | -1.91M | -2.89M | -1.59M | -200K | -919K | -1.21M | -2.25M | -596K | -806K | 556K | -465K | -568K |
| EBITDA Margin % | 2.31% | -553.17% | -267.48% | -3.43% | -62.91% | -109.65% | 1.32% | 11.05% | -107.77% | -80.28% | -83.25% | -3.58% | -21.93% | -18.93% | -131.93% | -13.94% | -21.73% | 12.03% | -11.24% | -11.72% |
| EBITDA Growth % | 103.69% | -15.44% | -5338.46% | -118.06% | 43.34% | 0.66% | 104.09% | 357.5% | -108.16% | -140.17% | 29.35% | 66.44% | -14.02% | -316.73% | -384.3% | -4.93% | 49.21% | 116.73% | 89.43% | 71.36% |
| D&A (Non-Cash Add-back) | 16K | 16K | 17K | 17K | 17K | 21K | 25K | 55K | 66K | 78K | 82K | 110K | 116K | 120K | 124K | 129K | 301K | 129K | 297K | 297K |
| EBIT | 24K | -3.33M | -3.42M | -100K | -1.1M | -2.9M | 166K | 460K | -1.98M | -2.97M | -1.67M | -310K | -1.03M | -1.32M | -2.37M | -725K | -1.11M | 427K | 956K | -851K |
| Net Interest Income | -202K | -177K | -208K | -171K | -164K | -153K | -153K | 41K | -163K | -184K | -171K | -126K | -78K | -19K | -12K | -14K | -13K | -14K | -14K | -15K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 220K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 202K | 177K | 208K | 171K | 164K | 153K | 153K | 179K | 163K | 184K | 171K | 126K | 78K | 19K | 12K | 14K | 13K | 14K | 14K | 15K |
| Other Income/Expense | -202K | -177K | -663K | -161K | -164K | -153K | -27K | 41K | -163K | -183K | -171K | -126K | -78K | -19K | -5K | -14K | -13K | -14K | 1.7M | -1K |
| Pretax Income | -178K | -3.51M | -4.08M | -271K | -1.26M | -3.05M | 13K | 501K | -2.14M | -3.15M | -1.84M | -436K | -1.11M | -1.34M | -2.38M | -739K | -1.12M | 413K | 942K | -866K |
| Pretax Margin % | -10.3% | -585.33% | -320.9% | -10.01% | -73.42% | -116.29% | 0.26% | 10.75% | -120.68% | -87.52% | -96.49% | -7.8% | -26.56% | -21.11% | -139.48% | -17.29% | -30.2% | 8.93% | 22.78% | -17.87% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -178K | -3.51M | -4.08M | -271K | -1.26M | -3.05M | 13K | 501K | -2.14M | -3.15M | -1.84M | -436K | -1.27M | -1.39M | -2.39M | -753K | -1.13M | 413K | 942K | -866K |
| Net Margin % | -10.3% | -585.33% | -320.9% | -10.01% | -73.42% | -116.29% | 0.26% | 10.75% | -120.68% | -87.52% | -96.49% | -7.8% | -30.29% | -21.83% | -139.78% | -17.62% | -30.55% | 8.93% | 22.78% | -17.87% |
| Net Income Growth % | 85.93% | -15.19% | -31523.08% | -154.09% | 40.94% | 3.36% | 100.7% | 214.91% | -68.79% | -126.98% | 22.72% | 42.1% | -12% | -436.56% | -353.29% | 13.05% | 40.46% | 111.32% | 119.94% | 62.32% |
| Net Income (Continuing) | -178K | -3.51M | -4.08M | -271K | -1.26M | -3.05M | 13K | 501K | -2.14M | -3.15M | -1.84M | -436K | -1.11M | -1.34M | -2.38M | -739K | -1.12M | 413K | 942K | -866K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.05 | -1.36 | -1.63 | -0.11 | -0.50 | -1.22 | 0.01 | 0.06 | -0.27 | -0.24 | -0.14 | -0.03 | -0.10 | -0.11 | -0.19 | -0.06 | -0.09 | 0.03 | 0.07 | -0.07 |
| EPS Growth % | 89.76% | -11.48% | - | -273.5% | -85.19% | -408.33% | 103.71% | 288.13% | -175.51% | -118.18% | 26.32% | 42.78% | -10.61% | -452.56% | -371.43% | 13% | 40.93% | 109.75% | 116.67% | 70.57% |
| EPS (Basic) | -0.05 | -1.36 | -1.63 | -0.11 | -0.50 | -1.22 | 0.01 | 0.06 | -0.27 | -0.24 | -0.14 | -0.03 | -0.10 | -0.11 | -0.19 | -0.06 | -0.09 | 0.03 | 0.07 | -0.07 |
| Diluted Shares Outstanding | 3.48M | 2.54M | 2.51M | 2.51M | 2.51M | 2.51M | 2.51M | 7.9M | 7.9M | 13.29M | 12.95M | 12.95M | 12.95M | 12.95M | 12.85M | 12.79M | 12.79M | 12.81M | 12.81M | 12.79M |
| Basic Shares Outstanding | 3.48M | 2.54M | 2.51M | 2.51M | 2.51M | 2.51M | 2.51M | 7.9M | 7.9M | 13.29M | 12.95M | 12.95M | 12.95M | 12.95M | 12.53M | 12.32M | 12.79M | 12.79M | 12.79M | 12.79M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |