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

Polar Power (POLA) recorded quarterly Operating Leases of $213000.0 in Q1 2026, down 55.16% quarter-over-quarter from $475000.0 in Q4 2025, and down 86.13% on a YoY basis from $1.5 million in Q1 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.

  • In Q1 2026, Operating Leases fell 86.13% year-over-year to $213000.0; the TTM figure through Mar 2026 stood at $213000.0 (down 86.13% YoY), while the FY2025 annual figure was $475000.0, down 74.41% from the prior year.
  • Operating Leases was $213000.0 for Q1 2026 at Polar Power, down from $475000.0 in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $3.2 million in Q3 2023 to a low of $47000.0 in Q2 2022.
  • Historically, Operating Leases has averaged $1.3 million across 5 years, with a median of $1.5 million in 2023.
  • The sharpest annual moves came in 2023 and 2025: Operating Leases soared 3148.94% in 2023, then tumbled 96.9% in 2025.
  • A 5-year view of Operating Leases shows it stood at $268000.0 in 2022, then jumped by 592.54% to $1.9 million in 2023, then changed by 0.0% to $1.9 million in 2024, then plunged by 74.41% to $475000.0 in 2025, then tumbled by 55.16% to $213000.0 in 2026.
  • The last three Operating Leases figures came in at $213000.0 (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)
1 Novonix 479.97 Bn 479.92 Bn -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 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
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn
10 Polar Power 6.05 Mn 6.02 Mn 1.14 Mn

Historic Data

Download Data
DateValue
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 1.54 Mn
Dec 31, 2024 1.86 Mn
Sep 30, 2024 2.16 Mn
Jun 30, 2024 2.45 Mn
Mar 31, 2024 2.73 Mn
Dec 31, 2023 1.86 Mn
Sep 30, 2023 3.21 Mn
Jun 30, 2023 1.53 Mn
Mar 31, 2023 2.47 Mn
Dec 31, 2022 268,000.00
Sep 30, 2022 453,000.00
Jun 30, 2022 47,000.00
Mar 31, 2022 123,000.00
Dec 31, 2021 268,000.00
Sep 30, 2021 1.16 Mn
Jun 30, 2021 1.33 Mn