Polestar Automotive Holding UK (PSNY) Research & Development (2021 - 2024)
Polestar Automotive Holding UK (PSNY) recorded quarterly Research & Development of -$11.6 million in Q2 2024, up 1.59% quarter-over-quarter from -$11.8 million in Q1 2024, and up 75.48% on a YoY basis from -$6.6 million in Q3 2023.
Polestar Automotive Holding UK (PSNY) Research & Development (2021 - 2024) Analysis & Trends
Polestar Automotive Holding UK's Research & Development history runs 4 years deep, the most recent figure standing at -$11.6 million for Q2 2024.
- In Q2 2024, Research & Development rose 75.48% year-over-year to -$11.6 million; the TTM figure through Jun 2024 stood at -$65.8 million (up 57.65% YoY), while the FY2025 annual figure was -$78.0 million, down 105.26% from the prior year.
- Research & Development was -$11.6 million for Q2 2024 at Polestar Automotive Holding UK, up from -$11.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $12.5 million in Q4 2023 to a low of -$75.5 million in Q4 2021.
- Historically, Research & Development has averaged -$37.2 million across 4 years, with a median of -$41.5 million in 2023.
- Biggest YoY gain for Research & Development was 126.21% in 2023; the steepest drop was 123.05% in 2023.
- A 4-year view of Research & Development shows it stood at -$75.5 million in 2021, then surged by 36.93% to -$47.6 million in 2022, then surged by 126.21% to $12.5 million in 2023, then plunged by 192.91% to -$11.6 million in 2024.
- The last three Research & Development figures came in at -$11.6 million (Q2 2024), -$11.8 million (Q1 2024), and $12.5 million (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,264.49 Bn | 1,219.81 Bn | 4.72 Bn | 1.95 Bn |
| 2 | Toyota Motor | 448.54 Bn | 321.13 Bn | 9.14 Bn | - |
| 3 | General Motors | 74.80 Bn | 52.42 Bn | 4.32 Bn | - |
| 4 | Ferrari | 71.95 Bn | 70.15 Bn | 1.09 Bn | 278.21 Mn |
| 5 | Ford Motor | 59.47 Bn | 29.01 Bn | 7.94 Bn | - |
| 6 | Rivian Automotive | 20.42 Bn | 15.62 Bn | 119.00 Mn | 458.00 Mn |
| 7 | China Yuchai International | 16.65 Bn | 15.59 Bn | 317.01 Mn | -124.48 Mn |
| 8 | VinFast Auto | 7.51 Bn | 10.51 Bn | -15,731.99 Bn | -2,869.36 Bn |
| 9 | Digital Currency X Technology | 5.68 Bn | 5.68 Bn | - | - |
| 10 | Polestar Automotive Holding UK | 474.84 Mn | -239.16 Mn | -20.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | -11.60 Mn |
| Mar 31, 2024 | -11.79 Mn |
| Dec 31, 2023 | 12.49 Mn |
| Sep 30, 2023 | -54.87 Mn |
| Jun 30, 2023 | -47.30 Mn |
| Mar 31, 2023 | -35.75 Mn |
| Dec 31, 2022 | -47.63 Mn |
| Sep 30, 2022 | -24.60 Mn |
| Jun 30, 2022 | -66.67 Mn |
| Mar 31, 2022 | -32.09 Mn |
| Dec 31, 2021 | -75.52 Mn |
| Sep 30, 2021 | -50.53 Mn |