Polar Power (POLA) Operating Expenses (2018 - 2026)
Polar Power (POLA) recorded quarterly Operating Expenses of $1.1 million in Q1 2026, down 6.56% quarter-over-quarter from $1.2 million in Q4 2025, and down 21.82% on a YoY basis from $1.4 million in Q1 2025.
Polar Power (POLA) Operating Expenses (2018 - 2026) Analysis & Trends
Polar Power's Operating Expenses history runs 9 years deep, the most recent figure standing at $1.1 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 21.82% year-over-year to $1.1 million; the TTM figure through Mar 2026 stood at $5.0 million (down 10.41% YoY), while the FY2025 annual figure was $5.3 million, down 7.42% from the prior year.
- Operating Expenses was $1.1 million for Q1 2026 at Polar Power, down from $1.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $2.1 million in Q3 2022 to a low of $1.0 million in Q2 2025.
- Historically, Operating Expenses has averaged $1.6 million across 5 years, with a median of $1.6 million in 2023.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 51.44% in 2022, then fell 26.49% in 2023.
- A 5-year view of Operating Expenses shows it stood at $1.7 million in 2022, then decreased by 10.75% to $1.5 million in 2023, then fell by 12.23% to $1.4 million in 2024, then retreated by 12.32% to $1.2 million in 2025, then slipped by 6.56% to $1.1 million in 2026.
- The last three Operating Expenses figures came in at $1.1 million (Q1 2026), $1.2 million (Q4 2025), and $1.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 451.80 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 153.35 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 249.90 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 241.50 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 132.60 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 30.13 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 16.90 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 387.40 Mn |
| 10 | Polar Power | 6.05 Mn | 6.02 Mn | 1.14 Mn | 1.11 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.11 Mn |
| Dec 31, 2025 | 1.19 Mn |
| Sep 30, 2025 | 1.62 Mn |
| Jun 30, 2025 | 1.04 Mn |
| Mar 31, 2025 | 1.42 Mn |
| Dec 31, 2024 | 1.36 Mn |
| Sep 30, 2024 | 1.38 Mn |
| Jun 30, 2024 | 1.37 Mn |
| Mar 31, 2024 | 1.58 Mn |
| Dec 31, 2023 | 1.55 Mn |
| Sep 30, 2023 | 1.57 Mn |
| Jun 30, 2023 | 1.79 Mn |
| Mar 31, 2023 | 1.79 Mn |
| Dec 31, 2022 | 1.73 Mn |
| Sep 30, 2022 | 2.13 Mn |
| Jun 30, 2022 | 1.79 Mn |
| Mar 31, 2022 | 2.01 Mn |
| Dec 31, 2021 | 1.14 Mn |
| Sep 30, 2021 | 1.73 Mn |
| Jun 30, 2021 | 1.83 Mn |