Polar Power reported revenue of $1.02M and net income of -$1.83M for the quarter ended Jun 2026, down 62.4% year over year. This income statement covers 35 quarters of results from Dec 2017 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||||||||||||||||||
| Revenue | 4.14M | 4.62M | 3.71M | 4.27M | 1.71M | 6.37M | 4.19M | 5.59M | 1.91M | 3.60M | 1.77M | 4.66M | 4.91M | 2.62M | 1.72M | 2.71M | 1.27M | 0.60M | 1.73M | 1.02M | |||||||||||||||
| Cost of RevenueCost of Rev | 3.17M | 3.05M | 2.80M | 3.21M | 1.95M | 5.96M | 3.44M | 4.11M | 2.02M | 5.03M | 2.18M | 2.83M | 3.49M | 4.16M | 1.40M | 1.78M | 3.53M | 2.75M | 0.59M | 1.36M | |||||||||||||||
| Gross Profit | 0.97M | 1.57M | 0.91M | 1.06M | -0.25M | 0.41M | 0.76M | 1.48M | -0.11M | -1.43M | -0.40M | 1.83M | 1.42M | -1.54M | 0.32M | 0.93M | -2.26M | -2.15M | 1.14M | -0.34M | |||||||||||||||
| Operating items | |||||||||||||||||||||||||||||||||||
| Depreciation & Amortization - TotalDep. & Amort. (Tot) | |||||||||||||||||||||||||||||||||||
| Research & DevelopmentR&D | 0.53M | 0.50M | 0.48M | 0.40M | 0.33M | 0.33M | 0.35M | 0.34M | 0.30M | 0.24M | 0.23M | 0.26M | 0.25M | 0.26M | 0.26M | 0.18M | 0.20M | 0.17M | 0.17M | 0.13M | |||||||||||||||
| Selling, General & AdministrativeSG&A | 0.82M | 0.27M | 1.13M | 1.04M | 1.48M | 1.08M | 1.11M | 1.14M | 0.99M | 1.05M | 1.13M | 0.91M | 0.96M | 0.91M | 1.00M | 0.71M | 0.81M | 0.84M | 0.78M | 1.08M | |||||||||||||||
| Other Operating ExpensesOther Opex | 0.37M | 0.37M | 0.41M | 0.35M | 0.32M | 0.33M | 0.33M | 0.31M | 0.27M | 0.26M | 0.22M | 0.20M | 0.17M | 0.18M | 0.16M | 0.15M | 0.61M | 0.18M | 0.16M | 0.13M | |||||||||||||||
| Operating ExpensesOpex | 1.73M | 1.14M | 2.01M | 1.79M | 2.13M | 1.73M | 1.79M | 1.78M | 1.56M | 1.54M | 1.58M | 1.37M | 1.38M | 1.36M | 1.42M | 1.04M | 1.62M | 1.19M | 1.11M | 1.33M | |||||||||||||||
| Operating IncomeOp. Inc | -0.76M | 0.43M | -1.11M | -0.72M | -2.38M | -1.32M | -1.03M | -0.31M | -1.67M | -2.97M | -1.98M | 0.46M | 0.04M | -2.90M | -1.10M | -0.11M | -3.88M | -3.33M | 0.02M | -1.67M | |||||||||||||||
| EBIT | -0.76M | 0.43M | -1.11M | -0.72M | -2.38M | -1.32M | -1.03M | -0.31M | -1.67M | -2.97M | -1.98M | 0.46M | 0.04M | -2.90M | -1.10M | -0.11M | -3.88M | -3.33M | 0.02M | -1.67M | |||||||||||||||
| Non-operating items | |||||||||||||||||||||||||||||||||||
| Non Operating Interest Expenses | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | 0.02M | 0.08M | 0.13M | 0.17M | 2.14M | 0.52M | 0.51M | 0.57M | 0.56M | 0.17M | 0.17M | 0.88M | 0.42M | 0.20M | 0.45M | |||||||||||||||
| Interest & Investment IncomeInt & Inv Inc | 0.22M | 0.13M | -0.13M | ||||||||||||||||||||||||||||||||
| Other Non Operating IncomeOther Non Op Inc. | 0.00M | 0.01M | 0.22M | 0.13M | -0.22M | 0.01M | -0.21M | 0.54M | 0.29M | ||||||||||||||||||||||||||
| Non Operating IncomeNon Op. Inc. | 1.70M | -0.01M | -0.01M | -0.01M | -0.01M | -0.02M | -0.08M | -0.13M | -0.17M | -0.18M | -0.16M | 0.04M | -0.03M | -0.15M | -0.16M | -0.16M | -0.21M | -0.18M | -0.20M | -0.16M | |||||||||||||||
| Net income details | |||||||||||||||||||||||||||||||||||
| EBT | 0.94M | 0.41M | -1.12M | -0.74M | -2.39M | -1.34M | -1.11M | -0.44M | -1.84M | -5.11M | -2.50M | 0.17M | -0.40M | -3.59M | -1.27M | -0.28M | -4.75M | -3.75M | -0.18M | -2.12M | |||||||||||||||
| Tax ProvisionsTaxes | |||||||||||||||||||||||||||||||||||
| Profit After TaxPAT | 0.94M | 0.41M | -1.12M | -0.74M | -2.38M | -1.34M | -1.11M | -0.44M | -1.84M | -3.15M | -2.14M | 0.50M | 0.01M | -3.05M | -1.26M | -0.27M | -4.08M | -3.51M | -0.18M | -1.83M | |||||||||||||||
| Income from Continuing OperationsIncome (Continuing) | 0.94M | 0.41M | -1.12M | -0.74M | -2.39M | -1.34M | -1.11M | -0.44M | -1.84M | -5.11M | -2.50M | 0.17M | -0.40M | -3.59M | -1.27M | -0.28M | -4.75M | -3.75M | -0.18M | -2.12M | |||||||||||||||
| Consolidated Net IncomeConsol Net Inc. | 0.94M | 0.41M | -1.12M | -0.74M | -2.39M | -1.34M | -1.11M | -0.44M | -1.84M | -5.11M | -2.50M | 0.17M | -0.40M | -3.59M | -1.27M | -0.28M | -4.75M | -3.75M | -0.18M | -2.12M | |||||||||||||||
| Income towards Parent CompanyParent Net Inc | 0.94M | 0.41M | -1.12M | -0.74M | -2.39M | -1.34M | -1.11M | -0.44M | -1.84M | -5.11M | -2.50M | 0.17M | -0.40M | -3.59M | -1.27M | -0.28M | -4.75M | -3.75M | -0.18M | -2.12M | |||||||||||||||
| Net Income towards Common StockholdersNet Income | 0.94M | 0.41M | -1.12M | -0.74M | -2.39M | -1.34M | -1.11M | -0.44M | -1.84M | -5.11M | -2.50M | 0.17M | -0.40M | -3.59M | -1.27M | -0.28M | -4.75M | -3.75M | -0.18M | -2.12M | |||||||||||||||
| Additional items | |||||||||||||||||||||||||||||||||||
| EPS (Basic) | 0.52 | 0.23 | -0.61 | -0.40 | -1.30 | -0.73 | -0.60 | -0.24 | -1.00 | -2.69 | -0.99 | 0.07 | -0.16 | -1.43 | -0.50 | -0.11 | -1.89 | -1.48 | -0.05 | -0.57 | |||||||||||||||
| EPS (Diluted) | 0.51 | 0.23 | -0.61 | -0.40 | -1.30 | -0.73 | -0.60 | -0.24 | -1.00 | -2.69 | -0.99 | 0.07 | -0.16 | -1.43 | -0.50 | -0.11 | -1.89 | -1.48 | -0.05 | -0.57 | |||||||||||||||
| Shares Outstanding | 1.83M | 1.82M | 1.83M | 1.83M | 1.84M | 1.84M | 1.85M | 1.85M | 1.85M | 1.90M | 2.51M | 2.51M | 2.51M | 2.51M | 2.51M | 2.51M | 2.51M | 2.54M | 3.48M | 3.72M | |||||||||||||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 1.83M | 1.83M | 1.83M | 1.83M | 1.84M | 1.84M | 1.85M | 1.85M | 1.85M | 1.90M | 2.51M | 2.51M | 2.51M | 2.51M | 2.51M | 2.51M | 2.51M | 2.54M | 3.48M | 3.72M | |||||||||||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 1.83M | 1.83M | 1.83M | 1.83M | 1.85M | 1.85M | 1.85M | 1.85M | 1.85M | 1.90M | 2.51M | 2.51M | 2.51M | 2.51M | 2.51M | 2.51M | 2.51M | 2.68M | 3.64M | 3.81M | |||||||||||||||
| EBITDA | -0.76M | 0.43M | -1.11M | -0.72M | -2.38M | -1.32M | -1.03M | -0.31M | -1.67M | -2.97M | -1.98M | 0.46M | 0.04M | -2.90M | -1.10M | -0.11M | -3.88M | -3.33M | 0.02M | -1.67M | |||||||||||||||
| Interest ExpensesInt Expense | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | 0.02M | 0.08M | 0.13M | 0.17M | 2.14M | 0.52M | 0.51M | 0.57M | 0.56M | 0.17M | 0.17M | 0.88M | 0.42M | 0.20M | 0.45M | |||||||||||||||
| Tax Rate |