Polar Power, Inc. (POLA)

Polar Power Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	0.2	0.5	0.55	0.21	5.1
Cash & Short-Term Investments	0.2	0.5	0.55	0.21	5.1
Cash Growth	-59.84%	-9.29%	160.19%	-95.86%	209.90%
Accounts Receivable	0.33	2.15	1.68	2.23	4.24
Other Receivables	-	-	2.79	2.79	2.79
Total Trade Receivables	0.33	2.15	4.46	5.02	7.03
Inventory	9.43	12.89	16.52	15.46	9.02
Other Current Assets	0.08	0.05	0.46	2.63	4.01
Total Current Assets	10.03	15.6	21.99	23.32	25.15
Net Property, Plant & Equipment	0.41	1.84	3.16	0.78	1.93
Other Long-Term Assets	-	0.11	0.11	0.09	0.09
Total Assets	10.44	17.55	25.26	24.19	27.18
Accounts Payable	2.51	0.41	1.76	0.23	0.33
Accrued Expenses	1.46	1.1	1.15	1.23	1.21
Short-Term Debt	4.04	4.8	4.24	1.88	-
Current Portion of Long-Term Debt	1.05	0.27	0.32	0.21	0.24
Current Portion of Leases	0.48	1.38	1.12	0.27	0.72
Unearned Revenue	0.76	0.61	1.62	2.13	0.9
Total Current Liabilities	10.29	8.56	10.21	5.95	3.39
Long-Term Debt	-	-	-	0.06	0.27
Long-Term Leases	-	0.47	1.86	-	0.27
Total Long-Term Liabilities	-	0.47	1.86	0.06	0.54
Total Liabilities	10.29	9.03	12.07	6.01	3.93
Common Stock	-	0	0	0	0
Treasury Stock	-0.04	-0.04	-0.04	-0.04	-0.04
Additional Paid-in Capital	39.65	38.89	38.89	37.33	36.82
Retained Earnings	-39.47	-30.34	-25.66	-19.11	-13.53
Shareholders' Equity	0.14	8.51	13.19	18.18	23.25
Total Liabilities & Equity	10.44	17.55	25.26	24.19	27.18
Total Debt	5.56	6.92	7.54	2.42	1.5
Net Cash (Debt)	-5.36	-6.42	-6.99	-2.21	3.6
Net Cash Per Share	-2.11	-2.56	-3.68	-1.20	1.98
Book Value	0.14	8.51	13.19	18.18	23.25
Book Value Per Share	0.06	3.39	6.95	9.88	12.79
Tangible Book Value	0.14	8.51	13.19	18.18	23.25
Tangible Book Value Per Share	0.06	3.39	6.95	9.88	12.79

Updated Apr 15, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q