Polar Power (POLA) Interest Expenses (2018 - 2026)
Polar Power's Interest Expenses was $447,000 in Q2 2026, up 161.4% from $171,000 a year earlier and up 121.3% from the prior quarter.
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Analysis
Polar Power (POLA) Interest Expenses (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Polar Power's Interest Expenses was $1.03 million through Jun 30, 2026, up 61.3% year-over-year; for FY2025, it was $720,000, up 10.9% from FY2024.
- Interest Expenses has now increased for three consecutive years, with a five-year compound annual growth rate of 64.4% (FY2020 to FY2025).
- In earlier years, Interest Expenses was $649,000 in FY2024 (+16.1%), $559,000 in FY2023 (+863.8%), $58,000 in FY2022 (-3.3%) and $60,000 in FY2021 (unchanged).
- The Q2 2026 figure marks the highest quarterly Interest Expenses in data going back to Q1 2018.
- Compared with a year earlier, Interest Expenses has increased for four straight quarters, with growth averaging 25.6% over the last eight quarters.
- The best year-over-year quarter for Interest Expenses over five years was Q4 2023 (growth of 868.4%); the worst was Q1 2022 (a decline of 18.8%).
- Per Business Quant data, POLA's Interest Expenses in the three quarters before Q2 2026 was $202,000 (Q1 2026), $177,000 (Q4 2025) and $208,000 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 497.00 Mn |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 213.70 Mn |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 661.00 Mn |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 201.00 Mn |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 95.00 Mn |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 17.40 Mn |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | - |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | - |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 79.00 Mn |
| 10 | Polar Power | 4.61 Mn | 4.20 Mn | -337,000.00 | 447,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 447,000.00 |
| Mar 31, 2026 | 202,000.00 |
| Dec 31, 2025 | 177,000.00 |
| Sep 30, 2025 | 208,000.00 |
| Jun 30, 2025 | 171,000.00 |
| Mar 31, 2025 | 164,000.00 |
| Dec 31, 2024 | 153,000.00 |
| Sep 30, 2024 | 153,000.00 |
| Jun 30, 2024 | 179,000.00 |
| Mar 31, 2024 | 163,000.00 |
| Dec 31, 2023 | 184,000.00 |
| Sep 30, 2023 | 171,000.00 |
| Jun 30, 2023 | 126,000.00 |
| Mar 31, 2023 | 78,000.00 |
| Dec 31, 2022 | 19,000.00 |
| Sep 30, 2022 | 12,000.00 |
| Jun 30, 2022 | 14,000.00 |
| Mar 31, 2022 | 13,000.00 |
| Dec 31, 2021 | 14,000.00 |
| Sep 30, 2021 | 14,000.00 |
API Access
Polar Power Interest Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expenses&ticker=POLA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "ticker": "POLA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expenses&ticker=POLA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();