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NASDAQ · MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES · SMALL CAP

Polar Power, Inc. POLA

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$6.3M
▼ 54.9% YoY
$-9.1M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

We design, manufacture, and sell DC power generators, renewable energy and cooling systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle, marine and industrial. We were incorporated in 1979 in the State of Washington as Polar Products, Inc., and in 1991 we reincorporated in the State of California under the name Polar Power, Inc. In December 2016, Polar Power, Inc. reincorporated in the State of Delaware. Our internet website address is https://polarpower.com/. As of April 15, 2026, we had 67 full time employees, which included 63 employees in the U.S. and 4 employees outside the U.S. None of our employees are represented by labor unions.

Written from the business description in Polar Power, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 15 April 2026. Every sentence was checked against that document before publication.

Growth

USD 6.3M
Revenue, FY2025 · full 10-year series below
Revenue $M Net income $M
FY2025 · Revenue 6.3 · Net income -9.1
10M20M-5M-10M
2016201920222025
Compound annual growth
−26.8%
−6.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −6.9% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−145 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -133.6% · Net -144.9%
10%20%30%-50%-100%
201620202025
ROE
FY2025 · ROE -211.0%
-100%-200%
201620202025
Three returns, three denominators.

Each USD of equity lost 211 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -0.6
-4M-8M
201620202025

Total assetsUSD 10.4M
EquityUSD 144,000.00
CashUSD 200,000.00
DepositsUSD 764,000.00
Current ratio0.97×

Equity funds 1% of total assets.

The 10-year record

10 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
POLA, 10-year financial record
Metric 2025202420232022202120202019201820172016
Revenue $B0.00.00.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0
Income tax $B◌◌◌◌◌−0.0◌0.0◌0.0
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0
Free cash flow $B◌−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0
EPS, diluted $−3.59−1.86−3.45−0.43−0.11−1.01−0.40−0.08−0.070.58
Dividend / sh $◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————
ROE %−211.0−43.1−41.7−27.0−8.1−72.8−19.8−3.7−3.318.6
Shares out B0.000.000.020.010.010.010.010.010.010.01

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 10 of the 10 fiscal years we could check. 18 checks were skipped: the balance sheet is not tagged before 2016. Nine checks were skipped: EPS is not tagged before 2016. Nine checks were skipped: revenue is not tagged before 2016.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityMiscellaneous Electrical Machinery, Equipment & Supplies
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2016

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