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
DateValue
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