Polar Power (POLA) Operating Leases (2019 - 2026)
Polar Power's (POLA) quarterly Operating Leases came in at $213000.0 in Q1 2026, up 8.12% year-on-year from $197000.0 in Q1 2025, and down 55.16% quarter-over-quarter from $475000.0 in Q4 2025.
Polar Power (POLA) Operating Leases (2019 - 2026) Analysis & Trends
Polar Power's Operating Leases history runs 8 years deep, the most recent figure standing at $213000.0 for Q1 2026.
- On a quarterly basis, Operating Leases rose 8.12% year-over-year to $213000.0 in Q1 2026; TTM through Mar 2026 was $213000.0, a 8.12% increase from a year earlier, with the FY2025 full-year figure at $475000.0, down 74.41% from the prior year.
- Operating Leases eased to $213000.0 in Q1 2026 per POLA's latest filing, from $475000.0 in the prior quarter.
- Across five years, Operating Leases topped out at $3.2 million in Q3 2023 and bottomed at $76000.0 in Q2 2025.
- The 5-year median for Operating Leases is $737500.0 (2022), against an average of $1.1 million.
- Across the five-year window, Operating Leases jumped 1011.94% in 2023 and tumbled 96.9% in 2025, its largest moves.
- Year by year, Operating Leases stood at $268000.0 in 2022, then soared by 1011.94% to $3.0 million in 2023, then sank by 37.72% to $1.9 million in 2024, then slumped by 74.41% to $475000.0 in 2025, then sank by 55.16% to $213000.0 in 2026.
- Per Business Quant, the three latest POLA Operating Leases figures stand at $213000.0 (Q1 2026), $475000.0 (Q4 2025), and $840000.0 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn |
| 10 | Polar Power | 5.46 Mn | 5.44 Mn | 1.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 213,000.00 |
| Dec 31, 2025 | 475,000.00 |
| Sep 30, 2025 | 840,000.00 |
| Jun 30, 2025 | 76,000.00 |
| Mar 31, 2025 | 197,000.00 |
| Dec 31, 2024 | 1.86 Mn |
| Sep 30, 2024 | 840,000.00 |
| Jun 30, 2024 | 2.45 Mn |
| Mar 31, 2024 | 1.54 Mn |
| Dec 31, 2023 | 2.98 Mn |
| Sep 30, 2023 | 3.21 Mn |
| Jun 30, 2023 | 1.53 Mn |
| Dec 31, 2022 | 268,000.00 |
| Sep 30, 2022 | 453,000.00 |
| Jun 30, 2022 | 635,000.00 |
| Mar 31, 2022 | 123,000.00 |
| Dec 31, 2021 | 989,000.00 |
| Sep 30, 2021 | 1.16 Mn |
| Jun 30, 2021 | 1.33 Mn |
| Mar 31, 2021 | 1.50 Mn |