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
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 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