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| 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 | 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 |