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Polar Power (POLA) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 18, 2026 · Polar Power (POLA) Q2 2026 earnings results →

Q2 2026 Revenue down 62% year over year to $1.0M · 180¢ of every $1 of revenue lost · operating margin -164.0%

Polar Power made $1.0M in Q2 2026 (-62% Y/Y): DC Power Systems $748K, Accessories $250K, Engineering and Tech Support Services $21K. Operating margin -164.0%, net loss $1.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 18, 2026.

Revenue$1.0M
Year over year-62%
Operating margin-164.0%
Net earnings−$1.8M
Operating cash flow$20K

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.0M in Q2 2026, down 62% year over year and down 41% from the previous quarter. DC Power Systems was the largest line at 73% of revenue. DC Power Systems lost $1.2M year over year (down 62%), 73% of the total change.

Operating costs exceeded revenue by $1.7M, an operating margin of -164.0%. The fastest-growing cost line was General & admin (+52%). The quarter ended with a net loss of $1.8M, wider than the previous quarter's $178K loss.

Operating cash flow was $20K. Non-cash charges added back $16K of depreciation and amortization and $441K of share-based compensation. Working capital and other items added $1.4M.

Quarterly history

Polar Power revenue by quarterPolar Power revenue by quarter$2.6MQ4 2024$1.7MQ1 2025$2.7MQ2 2025$1.3MQ3 2025$600KQ4 2025$1.7MQ1 2026$1.0MQ2 2026
Polar Power net earnings by quarterPolar Power net earnings by quarter−$3.0MQ4 2024−$1.3MQ1 2025−$271KQ2 2025−$4.1MQ3 2025−$3.5MQ4 2025−$178KQ1 2026−$1.8MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 18, 2026$1.0M-62%-164.0%−$1.8M$20K
Q1 202610-QMay 20, 2026$1.7M+0.3%1.4%−$178K−$2.2M
Q4 202510-KApr 15, 2026$600K-77%-555.7%−$3.5M−$472K
Q3 202510-QNov 19, 2025$1.3M-74%-304.6%−$4.1M$399K
Q2 202510-QAug 14, 2025$2.7M-42%-4.1%−$271K−$404K
Q1 202510-QMay 15, 2025$1.7M-3%-63.9%−$1.3M−$584K
Q4 202410-KMar 31, 2025$2.6M-27%-110.5%−$3.0M−$136K

Charts

Polar Power: revenue growth, year over year and quarter over quarterPolar Power: revenue growth, year over year and quarter over quarterY/YQ/Q-27%Q4 2024-3%-34%Q1 2025-42%+57%Q2 2025-74%-53%Q3 2025-77%-53%Q4 2025+0%+188%Q1 2026-62%-41%Q2 2026
Latest (Q2 2026): Y/Y -62%, Q/Q -41%.
Polar Power: where the cash came from (+) and went (−), TTM to Q2 2026Polar Power: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$2.3MOperating cash flow−$2.2MCash drawn (+) / kept (−)−$8K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Polar Power: profit against cash, quarter by quarterPolar Power: profit against cash, quarter by quarterNet incomeOperating cash flow$13K−$590KQ3 2024−$3.0M−$136KQ4 2024−$1.3M−$584KQ1 2025−$271K−$404KQ2 2025−$4.1M$399KQ3 2025−$3.5M−$472KQ4 2025−$178K−$2.2MQ1 2026−$1.8M$20KQ2 2026
Latest (Q2 2026): Net income −$1.8M, Operating cash flow $20K.
Polar Power: diluted shares by fiscal yearPolar Power: diluted shares by fiscal year11MFY202013MFY202113MFY20222MFY20233MFY20243MFY2025
-76.5% since FY2020: buybacks shrank the count.
Polar Power in its industry: growth against margin (31 companies, SIC 3690)Polar Power in its industry: growth against margin (31 companies, SIC 3690)revenue growth, year over year →↑ operating marginmedian +4%median -38%ENSATKRSPBENRFLNCNOVTCHPTMVSTEOSEULBIAMPXBLNKNRGVBYRNDFLIENVXBEEMFLUXZrcn Inc.SESPPSIXPONLASETOGINVVESLDPSTIGWHOZSCNEOVPOLA (-62%, -100%)
Miscellaneous Electrical Machinery, Equipment & Supplies; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Polar Power

Polar Power, Inc. was incorporated in the State of Washington as Polar Products, Inc. and in 1991 reincorporated in the State of California under the name Polar Power, Inc. In December 2016, Polar Power, Inc. reincorporated in the State of Delaware (the “Company”, “we” or “us”). The Company designs, manufactures and sells direct current, or DC, power systems to supply reliable and low-cost energy to off-grid, bad-grid and backup power, electric vehicle (“EV”) charging, and nano-grid applications. The Company’s products integrate DC generator, proprietary electronic control systems, lithium batteries and solar photovoltaic (“PV”) technologies to provide low operating cost and emissions for telecommunications, Defense, automotive, nano-grid, EV charging and industrial markets.

In its own words, from its 10-Q, filed Aug 18, 2026.

Polar Power against its Miscellaneous Electrical Machinery, Equipment & Supplies peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -62% against the peers' median +8%. Operating margin: -164.0% against the peers' median 2.1%.

CompanyQuarterRevenueY/YOp. margin
POLA Polar PowerQ2 2026$1.0M-62%-164.0%
ENS EnerSysQ1 FY27$936M+5%16.2%
ATKR AtkoreQ3 FY26$795M+8%8.1%
SPB Spectrum Brands HoldingsQ3 FY26$753M+8%2.1%
ENR Energizer HoldingsQ3 FY26$734M+1%6.8%
FLNC Fluence EnergyQ3 FY26$650M+8%-6.7%
NOVT NovantaQ2 2026$266M+10%6.8%
CHPT ChargePoint HoldingsQ2 FY27$116M+18%-29.3%
MVST Microvast HoldingsQ2 2026$87.3M-4%-2.0%

Source: Polar Power 10-Q on SEC EDGAR · CIK 1622345 · Miscellaneous Electrical Machinery, Equipment & Supplies

13F: who owns POLA and who is buying

Largest holders of POLA (13F)Largest holders of POLA (13F)Jane Street Group, LLC$52KXTX Topco$50KVanguard Fiduciary Trust$50KGeode Capital Management, LLC$35KVirtu Financial LLC$32KBlackRock$22KState Street$19KUBS Group AG$14KVanguard Capital Management LLC$14KCitigroup$8K
Funds' net buying of POLA by quarter (13F)Funds' net buying of POLA by quarter (13F)$1.4M2024-12$62K2025-03−$85K2025-06$694K2025-09−$66K2025-12−$286K2026-03$203K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on POLA

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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