Polar Power (POLA) Current Leases (2019 - 2026)

Polar Power (POLA) recorded quarterly Current Leases of $197000.0 in Q1 2026, down 58.53% quarter-over-quarter from $475000.0 in Q4 2025, and down 85.29% on a YoY basis from $1.3 million in Q1 2025.

Polar Power (POLA) Current Leases (2019 - 2026) Analysis & Trends

Polar Power's Current Leases history runs 8 years deep, the most recent figure standing at $197000.0 for Q1 2026.

  • In Q1 2026, Current Leases fell 85.29% year-over-year to $197000.0; the TTM figure through Mar 2026 stood at $197000.0 (down 85.29% YoY), while the FY2025 annual figure was $475000.0, down 65.63% from the prior year.
  • Current Leases was $197000.0 for Q1 2026 at Polar Power, down from $475000.0 in the prior quarter.
  • In the past five years, Current Leases ranged from a high of $1.4 million in Q4 2024 to a low of $197000.0 in Q1 2026.
  • Historically, Current Leases has averaged $875875.0 across 5 years, with a median of $942500.0 in 2023.
  • The sharpest annual moves came in 2023 and 2026: Current Leases surged 319.4% in 2023, then slumped 85.29% in 2026.
  • A 5-year view of Current Leases shows it stood at $268000.0 in 2022, then soared by 319.4% to $1.1 million in 2023, then increased by 22.95% to $1.4 million in 2024, then tumbled by 65.63% to $475000.0 in 2025, then plunged by 58.53% to $197000.0 in 2026.
  • The last three Current Leases figures came in at $197000.0 (Q1 2026), $475000.0 (Q4 2025), and $840000.0 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Current Leases (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - 577,803.00
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn -
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 21.93 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn -
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn -
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 15.70 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 880,000.00
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn 3.41 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 26.30 Mn
10 Polar Power 6.05 Mn 6.02 Mn 1.14 Mn 197,000.00

Historic Data

Download Data
DateValue
Mar 31, 2026 197,000.00
Dec 31, 2025 475,000.00
Sep 30, 2025 840,000.00
Jun 30, 2025 1.12 Mn
Mar 31, 2025 1.34 Mn
Dec 31, 2024 1.38 Mn
Sep 30, 2024 1.32 Mn
Jun 30, 2024 1.26 Mn
Mar 31, 2024 1.20 Mn
Dec 31, 2023 1.12 Mn
Sep 30, 2023 1.05 Mn
Jun 30, 2023 717,000.00
Dec 31, 2022 268,000.00
Sep 30, 2022 453,000.00
Jun 30, 2022 588,000.00
Mar 31, 2022 691,000.00
Dec 31, 2021 721,000.00
Sep 30, 2021 708,000.00
Jun 30, 2021 695,000.00
Mar 31, 2021 682,000.00