Polar Power reported total assets of $10.20M and total liabilities of $9.35M for the quarter ended Jun 2026, down 38.3% year over year. This balance sheet covers 35 quarters of results from Dec 2017 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Balance Sheet | Dec2017 | Mar2018 | Jun2018 | Sep2018 | Dec2018 | Mar2019 | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||||||||
| Cash & EquivalentsCash & Equiv. | 7.71M | 5.10M | 4.19M | 2.66M | 0.36M | 0.21M | 0.29M | 0.30M | 0.55M | 0.21M | 1.12M | 0.50M | 0.50M | 0.07M | 0.17M | 0.00M | 0.20M | 0.03M | 0.18M | ||||||||||||||||
| Cash & Current Investments | 7.71M | 5.10M | 4.19M | 2.66M | 0.36M | 0.21M | 0.29M | 0.30M | 0.55M | 0.21M | 1.12M | 0.50M | 0.50M | 0.07M | 0.17M | 0.00M | 0.20M | 0.03M | 0.18M | ||||||||||||||||
| Receivables - NetNet Receivables | 3.52M | 4.24M | 3.62M | 3.99M | 1.22M | 2.23M | 3.22M | 3.72M | 1.58M | 1.68M | 1.28M | 2.31M | 2.95M | 2.15M | 1.69M | 2.03M | 0.86M | 0.33M | 1.51M | 0.57M | |||||||||||||||
| Receivables - OtherOther Receivables | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M | |||||||||||||||||||||||||
| Receivables | 3.52M | 6.24M | 5.62M | 5.99M | 3.22M | 4.23M | 5.22M | 5.72M | 3.58M | 3.68M | 3.28M | 2.31M | 2.95M | 2.15M | 1.69M | 2.03M | 0.86M | 0.33M | 1.51M | 0.57M | |||||||||||||||
| Raw Materials | 5.49M | 6.61M | 7.59M | 8.86M | 11.52M | 12.28M | 14.40M | 15.58M | 14.31M | 14.21M | 13.77M | 13.21M | 11.90M | 11.69M | 11.76M | 9.72M | 8.70M | 8.73M | 8.36M | ||||||||||||||||
| Finished Goods | 3.10M | 2.41M | 2.89M | 3.12M | 4.11M | 3.18M | 3.29M | 3.58M | 2.21M | 2.02M | 2.01M | 1.82M | 0.99M | 1.45M | 1.24M | 1.17M | 0.72M | 0.82M | 0.87M | ||||||||||||||||
| Inventory | 8.60M | 9.02M | 10.48M | 11.98M | 15.62M | 15.46M | 17.69M | 19.16M | 16.52M | 16.22M | 15.78M | 15.03M | 12.89M | 13.13M | 12.99M | 10.89M | 9.43M | 9.55M | 9.23M | ||||||||||||||||
| Prepaid Assets | 4.12M | 4.01M | 3.26M | 4.39M | 4.33M | 2.63M | 1.05M | 0.94M | 0.46M | 0.44M | 0.39M | 0.17M | 0.05M | 0.07M | 0.04M | 0.07M | 0.08M | 0.08M | 0.06M | ||||||||||||||||
| Current Assets | 24.73M | 25.15M | 24.34M | 25.81M | 24.32M | 23.32M | 25.54M | 24.76M | 21.99M | 20.95M | 19.59M | 18.65M | 15.60M | 14.96M | 15.24M | 11.82M | 10.03M | 11.16M | 10.04M | ||||||||||||||||
| Non-Current Assets | |||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment (Net)PP&E (Net) | 1.09M | 1.02M | 0.89M | 0.77M | 0.66M | 0.54M | 0.51M | 0.42M | 0.34M | 0.28M | 0.24M | 0.22M | 0.20M | 0.18M | 0.16M | 0.14M | 0.13M | 0.11M | 0.10M | ||||||||||||||||
| Long-Term Deferred Tax | 12.90M | 14.80M | |||||||||||||||||||||||||||||||||
| Other Non-Current Assets | 0.09M | 0.09M | 0.09M | 0.09M | 0.09M | 0.09M | 0.09M | 0.11M | 0.11M | 0.11M | 0.11M | 0.11M | 0.11M | 0.11M | 0.11M | ||||||||||||||||||||
| Non-Current Assets | 2.26M | 2.03M | 1.73M | 1.44M | 1.16M | 0.87M | 2.78M | 3.63M | 3.27M | 2.92M | 2.59M | 2.27M | 1.95M | 1.63M | 1.30M | 0.52M | 0.41M | 0.28M | 0.16M | ||||||||||||||||
| Assets | 26.99M | 27.18M | 26.07M | 27.25M | 25.48M | 24.19M | 28.31M | 28.40M | 25.26M | 23.86M | 22.18M | 20.92M | 17.55M | 16.59M | 16.55M | 12.35M | 10.44M | 11.45M | 10.20M | ||||||||||||||||
| Liabilities | |||||||||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||||||||
| Accounts Payables | 0.96M | 0.90M | 0.92M | 3.48M | 3.57M | 2.13M | 1.53M | 1.99M | 1.76M | 2.54M | 1.47M | 0.75M | 0.61M | 0.76M | 0.86M | 1.51M | 2.51M | 2.62M | 2.46M | ||||||||||||||||
| Notes Payables | 0.24M | 0.24M | 0.24M | 0.25M | 0.25M | 0.21M | 0.14M | 0.23M | 0.26M | 0.26M | 0.26M | 0.27M | 0.27M | 0.43M | 0.43M | 0.51M | 0.61M | 0.61M | 0.76M | ||||||||||||||||
| Payables | 1.20M | 1.14M | 1.17M | 3.73M | 3.82M | 2.34M | 1.67M | 2.22M | 2.02M | 2.80M | 1.73M | 1.01M | 0.87M | 1.19M | 1.29M | 2.01M | 3.12M | 3.23M | 3.23M | ||||||||||||||||
| Accumulated Expenses | 1.25M | 1.21M | 1.21M | 1.21M | 1.18M | 1.23M | 1.24M | 1.18M | 1.15M | 1.13M | 1.16M | 1.17M | 1.10M | 1.12M | 1.14M | 1.22M | 1.46M | 0.81M | 1.08M | ||||||||||||||||
| Short term Debt | 1.88M | 4.93M | 5.19M | 4.24M | 4.91M | 4.68M | 4.66M | 4.80M | 4.79M | 5.30M | 4.65M | 4.04M | 3.70M | 2.73M | |||||||||||||||||||||
| Current Leases | 0.71M | 0.72M | 0.69M | 0.59M | 0.45M | 0.27M | 0.72M | 1.04M | 1.12M | 1.20M | 1.26M | 1.32M | 1.38M | 1.34M | 1.12M | 0.84M | 0.47M | 0.20M | 0.08M | ||||||||||||||||
| Total Current Liabilities | 3.37M | 3.39M | 3.61M | 5.67M | 5.87M | 5.95M | 10.14M | 11.45M | 10.21M | 11.28M | 9.44M | 8.52M | 8.56M | 9.14M | 9.49M | 9.45M | 10.29M | 9.06M | |||||||||||||||||
| Non-Current Liabilities | |||||||||||||||||||||||||||||||||||
| Non-Current Debt | 0.57M | 0.51M | 0.45M | 0.39M | 0.33M | 0.27M | 0.20M | 0.14M | 0.06M | 0.04M | 0.02M | 0.33M | 1.25M | ||||||||||||||||||||||
| Convertible Debt | 186.00 | ||||||||||||||||||||||||||||||||||
| Operating Leases | 1.16M | 0.99M | 0.81M | 0.64M | 0.45M | 0.27M | 2.47M | 2.24M | 3.21M | 2.98M | 2.73M | 2.45M | 2.16M | 1.86M | 1.54M | 1.19M | 0.84M | 0.47M | 0.21M | 0.29M | |||||||||||||||
| Other Non-Current Liabilities | 0.76M | ||||||||||||||||||||||||||||||||||
| Total Non-Current Liabilities | 8.58M | ||||||||||||||||||||||||||||||||||
| Total Liabilities | 4.15M | 3.93M | 3.94M | 5.86M | 5.96M | 6.01M | -50.00M | 11.68M | 13.61M | 12.07M | 12.81M | 10.63M | 9.36M | 9.03M | 9.34M | 9.56M | 9.45M | 10.29M | 9.06M | 9.35M | |||||||||||||||
| Shareholder's Equity | |||||||||||||||||||||||||||||||||||
| Total Debt | 0.81M | 0.75M | 0.69M | 0.64M | 0.58M | 2.36M | 0.20M | 5.21M | 5.43M | 4.56M | 5.21M | 4.96M | 4.93M | 5.06M | 5.22M | 5.74M | 5.16M | 4.98M | 4.32M | 4.74M | |||||||||||||||
| Common Equity | 22.84M | 23.25M | 22.13M | 21.39M | 19.52M | 18.18M | 50.00M | 16.63M | 14.79M | 13.19M | 11.05M | 11.55M | 11.56M | 8.51M | 7.25M | 6.98M | 2.90M | 0.14M | 2.39M | 0.86M | |||||||||||||||
| Liabilities and Shareholders Equity | 26.99M | 27.18M | 26.07M | 27.25M | 25.48M | 24.19M | 28.31M | 28.40M | 25.26M | 23.86M | 22.18M | 20.92M | 17.55M | 16.59M | 16.55M | 12.35M | 10.44M | 11.45M | 10.20M | ||||||||||||||||
| Treasury Shares | 0.02M | 0.02M | 0.02M | 0.02M | 0.02M | 0.02M | 0.02M | 0.02M | 0.02M | 0.00M | 0.02M | 0.02M | 0.02M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | |||||||||||||||
| Retained Earnings | 36.82M | 36.82M | 36.82M | 36.82M | 37.33M | 37.33M | 37.33M | 37.33M | 38.89M | 38.89M | 38.89M | 38.89M | 38.89M | 38.90M | 38.90M | 38.90M | 39.65M | 42.08M | 42.38M | ||||||||||||||||
| Preferred Shares | 5.00M | 5.00M |