Quick Answer
Polar Power, Inc. reported Total Revenue of $13.97 million for fiscal year 2024.
Polar Power, Inc. — Key Financials by Year
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Total Revenue | $13.97M -8.7% |
$15.29M -4.8% |
$16.06M -5.0% |
$16.90M +87.1% |
$9.03M -63.6% |
$24.80M +3.1% |
| Revenue (ASC 606) | $13.97M -8.7% |
$15.29M -4.8% |
$16.06M -5.0% |
$16.90M +87.1% |
$9.03M -63.6% |
$24.80M |
| Net Income | -$4.68M +28.6% |
-$6.55M -17.3% |
-$5.58M -294.9% |
-$1.41M +87.0% |
-$10.87M -168.8% |
-$4.04M -376.9% |
| Diluted EPS | -$1.86 +46.1% |
-$3.45 -702.3% |
-$0.43 | — | — | — |
| Total Assets | $17.55M -30.5% |
$25.26M +4.4% |
$24.19M -11.0% |
$27.18M +52.7% |
$17.80M -24.5% |
$23.56M -6.6% |
| Cash and Equivalents | $498.0K -9.3% |
$549.0K +160.2% |
$211.0K -95.9% |
$5.10M +209.9% |
$1.65M -42.0% |
$2.84M -49.6% |
| Stockholders Equity | $8.51M -35.5% |
$13.19M -27.5% |
$18.18M -21.8% |
$23.25M +102.3% |
$11.49M -37.5% |
$18.38M -17.9% |
| R&D Expense | $771.0K -36.9% |
$1.22M -16.3% |
$1.46M -26.5% |
$1.99M +15.3% |
$1.72M -24.3% |
$2.28M +19.3% |
| Operating Income | -$4.38M +27.0% |
-$5.99M -8.3% |
-$5.53M -78.6% |
-$3.10M +76.1% |
-$12.96M -225.6% |
-$3.98M -262.4% |
| Gross Profit | $1.31M +89.1% |
$695.0K -67.3% |
$2.12M -38.3% |
$3.44M +161.3% |
-$5.62M -214.3% |
$4.92M -33.8% |
| Shares Outstanding | 2.51M +0.1% |
2.51M -80.6% |
12.95M +1.3% |
12.79M +8.8% |
11.75M +16.0% |
10.13M -0.2% |
Most Recent Quarter
| Metric | Quarter Ending | Value | YoY | QoQ |
|---|---|---|---|---|
| Total Revenue | September 30, 2025 | $1.27M | -74.1% | -53.0% |
| Revenue (ASC 606) | September 30, 2025 | $1.27M | -74.1% | -53.0% |
| Net Income | September 30, 2025 | -$4.08M | -31523.1% | -1407.4% |
| Diluted EPS | September 30, 2025 | -$1.63 | -16400.0% | -1381.8% |
| Total Assets | September 30, 2025 | $12.35M | -41.0% | -25.4% |
| Cash and Equivalents | September 30, 2025 | $4.0K | -99.2% | -97.7% |
| Stockholders Equity | September 30, 2025 | $2.90M | -74.9% | -58.5% |
| R&D Expense | September 30, 2025 | $157.0K | -8.7% | +7.5% |
| Operating Income | September 30, 2025 | -$3.88M | -9792.5% | -3424.5% |
| Gross Profit | September 30, 2025 | -$2.26M | -258.7% | -343.0% |
| Shares Outstanding | September 30, 2025 | 2.51M | -85.7% | +0.0% |
- Polar Power, Inc. reported Total Revenue of $13.97 million for fiscal year 2024.
- Polar Power, Inc. showed a decrease of -8.7% in Total Revenue compared to the prior fiscal year.
- Polar Power, Inc. reported Revenue (ASC 606) of $13.97 million for fiscal year 2024.
- Polar Power, Inc. showed a decrease of -8.7% in Revenue (ASC 606) compared to the prior fiscal year.
- Polar Power, Inc. reported Net Income of -$4.68 million for fiscal year 2024.
- Polar Power, Inc. showed an increase of +28.6% in Net Income compared to the prior fiscal year.
- Polar Power, Inc. reported Diluted EPS of $1.86 per share (loss) for fiscal year 2024.
- Polar Power, Inc. showed an increase of +46.1% in Diluted EPS compared to the prior fiscal year.
- Polar Power, Inc. reported Total Assets of $17.55 million for fiscal year 2024.
- Polar Power, Inc. showed a decrease of -30.5% in Total Assets compared to the prior fiscal year.
- Polar Power, Inc. reported Cash and Equivalents of $498.0 thousand for fiscal year 2024.
- Polar Power, Inc. showed a decrease of -9.3% in Cash and Equivalents compared to the prior fiscal year.
- Polar Power, Inc. reported Stockholders Equity of $8.51 million for fiscal year 2024.
- Polar Power, Inc. showed a decrease of -35.5% in Stockholders Equity compared to the prior fiscal year.
- Polar Power, Inc. reported R&D Expense of $771.0 thousand for fiscal year 2024.
- Polar Power, Inc. showed a decrease of -36.9% in R&D Expense compared to the prior fiscal year.
- Polar Power, Inc. reported Operating Income of -$4.38 million for fiscal year 2024.
- Polar Power, Inc. showed an increase of +27.0% in Operating Income compared to the prior fiscal year.
- Polar Power, Inc. reported Gross Profit of $1.31 million for fiscal year 2024.
- Polar Power, Inc. showed an increase of +89.1% in Gross Profit compared to the prior fiscal year.
- Polar Power, Inc. reported Shares Outstanding of 2.51 million shares for fiscal year 2024.
- Polar Power, Inc. showed an increase of +0.1% in Shares Outstanding compared to the prior fiscal year.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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