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what it is
Polar Power builds DC power systems for off-grid telecom, defense, solar hybrid, and mobile charging jobs.
how it gets paid
Last year Polar Power made $14M in revenue. Base DC power systems was the main engine at $5.0M, or 36% of sales.
what just happened
Latest quarter revenue hit $6M, but Polar still posted a -17.7% gross margin and a -$2.24 EPS loss.
At a glance
C balance sheet — red flag territory — real financial stress
25/100 earnings predictability — expect surprises
-$1.86 fy2024 eps est
$14M fy2024 rev est
31.3% operating margin
xvary composite: 25/100 — weak
What they do
Polar Power builds DC power systems for off-grid telecom, defense, solar hybrid, and mobile charging jobs.
Polar Power's edge is specialization. It sells DC systems, which means power made for batteries, telecom gear, and remote sites without extra conversion steps, and it does it with just 82 employees. If your site is off-grid or your backup power has to work now, a niche vendor that already bundles generator, controls, batteries, and solar into one box can win the order.
How they make money
$14M
annual revenue
Base DC power systems
$5.0M
Hybrid power systems
$3.6M
DC solar hybrid systems
$2.2M
Mobile power systems
$1.8M
EV charging and other applications
$1.4M
The products that matter
primary power generation
DC Power Systems
$8.33M trailing revenue base
This appears to be the operating core. It accounts for the $8.33M trailing revenue base the entire company is currently standing on.
core
ev infrastructure solutions
Mobile EV Charging
no segment revenue disclosed
It may matter strategically, but this snapshot gives you no revenue split. Against a ~$5M market cap, missing detail like that matters.
optional upside
defense supply
Military Contracts
contract value not disclosed
With only $8.33M of trailing revenue, even small defense orders could move the story. The problem is this page gives you no contract value or timing.
catalyst watch
Key numbers
31.3%
operating margin
Operating margin → profit after running the business → so what: Polar lost about 31 cents for every $1 of 2024 sales.
$1.86
FY2024 EPS
EPS → profit per share → so what: even after a rebound from the prior year's -$3.43, shareholders still got a full-year loss.
$14M
annual revenue
Revenue → total sales → so what: this is a very small business, so one contract can swing results fast.
17.7%
gross margin
Gross margin → profit after direct product costs → so what: the latest quarter says the product itself was sold below cost.
Financial health
C
strength
- balance sheet grade C — very weak — significant financial distress
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
C — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for POLA right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Latest quarter revenue hit $6M, but Polar still posted a -17.7% gross margin and a -$2.24 EPS loss.
Sales jumped 348% vs. prior year from a tiny base, but the ugly part stayed ugly. The company still lost money before overhead, which tells you volume alone is not fixing the model.
$6M
revenue
$2.24
eps
17.7%
gross margin
the number that mattered
The number that mattered was -17.7% gross margin, because higher revenue does not help much when the product is still sold below cost.
source: company earnings report, 2026
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What could go wrong
the #1 risk is cash burn overwhelming a tiny $8.33M revenue base.
high
cash burn is already bigger than the business
Net profit margin is -104.1%. Polar Power lost $8.67M on $8.33M of revenue. That's not a margin problem. That's an operating model problem.
If this pace holds, financing becomes part of the thesis whether you like it or not.
high
demand is moving the wrong way
Trailing revenue fell 30.4% vs. prior year to $8.33M, and the annual revenue line also declined 8.5%. Both cuts point in the same direction.
A business this small does not have much room to absorb delayed orders or customer losses.
med
volatility can become its own problem
Price stability is 5 / 100, beta is 1.3, and the 52-week range is $1–$6. The stock moves like a microcap with thin conviction behind it.
Even if the business improves, the path can still be ugly for shareholders.
med
thin disclosure leaves too much unanswered
The page mentions mobile EV charging and military contracts, but provides no segment revenue and no contract value. For a ~$5M company, those missing details matter.
You can end up underwriting a story instead of a business.
With $8.33M of trailing revenue and an $8.67M net loss, the margin for error is already gone.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
Q4 2025 / FY 2025 earnings
The next estimated report date is March 31, 2026. The key question is simple: does revenue stay stuck near $8.33M or start moving back toward the $14M estimate.
metric
net margin direction
At -104.1%, profitability is the whole story. You need losses narrowing fast, not just management language getting better.
trend
revenue stabilization
The trailing revenue line fell 30.4% from a year ago. One flat quarter helps. Two improving quarters would matter.
risk
contract detail finally showing up
Military work and mobile EV charging are part of the story, but the current page gives no contract value and no segment split. Better disclosure would improve the investment case immediately.
Analyst rankings
earnings predictability
25 / 100
Low predictability means the income statement can swing around. In human-speak, you should expect messy quarters.
beta
1.3
Beta measures how much a stock moves versus the market. Here it has tended to move about 30% more.
risk rank
5
Risk rank 5 means it's safer than just 5% of stocks in the dataset. That's near the wrong end of the table.
source: institutional data
Institutional activity
institutional ownership data for POLA is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$2
current price
n/a
target midpoint · n/a from current
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