Polar Power, Inc.
Business
Polar Power designs, manufactures, and sells DC power generators and hybrid renewable-energy systems for telecommunications, military, electric vehicle, marine, and industrial markets. The company offers stationary base systems, hybrid lithium-ion battery systems, DC solar hybrid systems, and mobile systems ranging from 5 kW to 50 kW output, fueled by diesel, natural gas, LPG, or renewable formats. Primary markets are U.S. Tier-1 telecommunications providers, with growing exposure to military, marine, and emerging markets; the company operates manufacturing facilities in California and maintains regional offices in Australia, Poland, Romania, and South Africa.
Summary from 10-K filed 2026-04-15
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 6 | 14 | 15 | 16 | 17 | |
| Cost of Sales (includes inventory write-downs of $1,967 and $900, respectively) | 9 | 13 | 15 | 14 | 13 | |
| Gross profit (loss) | −3 | 1 | 695,000 | 2 | 3 | |
| Sales and marketing | 807,000 | 1 | 1 | 1 | 1 | |
| Research and development | 646,000 | 771,000 | 1 | 1 | 2 | |
| General and administrative | 3 | 4 | 4 | 5 | 3 | |
| Impairment of right-of-use assets and lease deposits | 455,000 | — | — | — | — | |
| Total operating expenses | 5 | 6 | 7 | 8 | 7 | |
| Loss from operations | −8 | −4 | −6 | −6 | −3 | |
| Interest expense and finance costs | −720,000 | −649,000 | −559,000 | — | — | |
| Interest Income | — | 221,000 | — | — | — | |
| Other income (expenses), net | 10,000 | 126,000 | 1,000 | 7,000 | 29,000 | |
| Total other income (expenses), net | −710,000 | −302,000 | −558,000 | −51,000 | 2 | |
| Net Loss | −9 | −5 | −7 | −6 | −1 | |
| Net loss per share, basic | −3.59 | −1.86 | −3.45 | −0.43 | −0.11 | |
| Net loss per share, diluted | −3.59 | −1.86 | −3.45 | −0.43 | — | |
| Weighted average shares outstanding, basic | 3 | 3 | 2 | 13 | 13 | |
| Weighted average shares outstanding, diluted | 3 | 3 | 2 | 13 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 200,000 | 498,000 | 549,000 | 211,000 | 5 | |
| Accounts receivable | 330,000 | 2 | 2 | 2 | 4 | |
| Inventories | 9 | 13 | 17 | 15 | 9 | |
| Prepaid expenses | 76,000 | 53,000 | 455,000 | 3 | 4 | |
| Total current assets | 10 | 16 | 22 | 23 | 25 | |
| Operating lease right-of-use assets, net | 278,000 | 2 | 3 | 240,000 | 914,000 | |
| Property and equipment, net | 128,000 | 196,000 | 344,000 | 538,000 | 1 | |
| Deposits | — | 108,000 | 108,000 | 93,000 | 93,000 | |
| Total assets | 10 | 18 | 25 | 24 | 27 | |
| Accounts payable | 3 | 408,000 | 2 | 230,000 | 328,000 | |
| Customer deposits | 764,000 | 607,000 | 2 | 2 | 897,000 | |
| Accrued liabilities and other current liabilities | 1 | 1 | 1 | 1 | 1 | |
| Line of credit | 4 | 5 | 4 | 2 | — | |
| Current portion of operating lease liabilities | 475,000 | 1 | 1 | 268,000 | 721,000 | |
| Total current liabilities | 10 | 9 | 10 | 6 | 3 | |
| Operating lease liabilities, net of current portion | — | 474,000 | 2 | — | 268,000 | |
| Total liabilities | 10 | 9 | 12 | 6 | 4 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding | — | — | — | — | — | |
| Common stock, $0.0001 par value, 50,000,000 shares authorized, 2,680,156 shares issued and 2,677,659 shares outstanding on December 31, 2025 and 2,511,350 shares issued and 2,508,853 shares outstanding on December 31, 2024 | — | 2,000 | 2,000 | 1,000 | 1,000 | |
| Additional paid-in capital | 40 | 39 | 39 | 37 | 37 | |
| Accumulated deficit | −39 | −30 | −26 | −19 | −14 | |
| Treasury Stock, at cost (2,497 shares) | −40,000 | −40,000 | −40,000 | −40,000 | — | |
| Total stockholders equity | 144,000 | 9 | 13 | 18 | 23 | |
| Total liabilities and stockholders equity | 10 | 18 | 25 | 24 | 27 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 67,000 | 167,000 | 387,000 | 507,000 | 549,000 | |
| Issuance of common stock as compensation for services | 8,000 | — | — | — | — | |
| Impairment of right-of-use assets and lease deposits | 455,000 | — | — | — | — | |
| Accounts receivable | 2 | −477,000 | 554,000 | 2 | −3 | |
| Inventories | 2 | 3 | −2 | −6 | 77,000 | |
| Prepaid expenses | −23,000 | 402,000 | 2 | 1 | −4 | |
| Employee retention credit receivable | — | 2 | — | — | — | |
| Income taxes receivable | — | 787,000 | — | — | 2 | |
| Operating lease right-of-use asset | 1 | 1 | 1 | 674,000 | — | |
| Deposits | — | — | −15,000 | — | — | |
| Accounts payable | 2 | −1 | 2 | −98,000 | 16,000 | |
| Customer deposits | 158,000 | −1 | −508,000 | 1 | 194,000 | |
| Accrued expenses and other current liabilities | 362,000 | −51,000 | −80,000 | 25,000 | 65,000 | |
| Accrued interest added to notes payable-related party | 15,000 | — | — | — | — | |
| Operating lease liability | −804,000 | −1 | −864,000 | −722,000 | — | |
| Net cash used in operating activities | −1 | −536,000 | −3 | −7 | −9 | |
| Acquisition of property and equipment | — | −19,000 | −194,000 | −25,000 | −71,000 | |
| Net cash used in investing activities | — | −19,000 | −194,000 | −25,000 | −71,000 | |
| Net proceeds from issuance of common stock under ATM facility | 757,000 | — | 2 | — | — | |
| Proceeds from notes payable-related party | 330,000 | 9,000 | 257,000 | — | — | |
| Proceeds from notes payable | 437,000 | — | — | — | — | |
| Repayment of notes payable | — | −64,000 | −205,000 | −242,000 | −267,000 | |
| Advances from credit facility, net | — | 559,000 | 2 | 2 | — | |
| Repayment of advances from credit facility | −761,000 | — | — | — | — | |
| Net cash provided by financing activities | 763,000 | 504,000 | 4 | 2 | 13 | |
| Decrease in cash and cash equivalents | −298,000 | −51,000 | 338,000 | −5 | 3 | |
| Interest paid | 670,000 | 598,000 | — | — | — | |
| Taxes paid | — | — | — | — | — | |
| Reclass of lease obligation to Accounts Payable | 577,000 | — | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Polar Power, Inc.'s CIK number?
Polar Power, Inc.'s SEC CIK number is 0001622345 (1622345). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Polar Power, Inc.'s SEC filings?
All of Polar Power, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Polar Power, Inc. last report earnings?
Polar Power, Inc. (POLA) most recently filed an earnings 8-K with the SEC on Jun 2, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-026770). This is Polar Power, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Polar Power, Inc.'s most recent earnings 8-K?
Polar Power, Inc.'s latest earnings 8-K (Item 2.02) was filed Jun 2, 2026 under accession 0001493152-26-026770. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Polar Power, Inc.'s latest earnings 8-K →
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