Polar Power (POLA) Balance Sheet: Assets & Liabilities

Polar Power (POLA) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Polar Power reported total assets of $10.44M and total liabilities of $10.29M. Shareholders' equity was $144.00K, down 98.3% from $8.51M a year earlier. Total debt stood at $4.04M against $200.00K in cash and short-term investments, a net debt position of $3.84M. That puts debt-to-equity at 28.03, compared with 0.81 a year earlier.

Polar Power Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Polar Power, Inc. (POLA) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Mar 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	0.20	0.50	0.55	0.55	0.21	5.10	1.65	2.84	5.64	13.20
Cash & Short-Term Investments	0.20	0.50	0.55	0.55	0.21	5.10	1.65	2.84	5.64	13.20
Accounts Receivable	0.33	2.15	4.46	1.68	2.23	4.24	3.55	0.93	8.44	3.69
Inventory	9.43	12.89	16.52	16.52	15.46	9.02	9.09	13.91	8.47	5.57
Other Current Assets	0.08	0.05	0.46	0.46	2.63	4.01	0.36	1.50	0.47	0.87
Total Current Assets	10.03	15.60	21.99	21.99	23.32	25.15	14.65	19.18	23.02	23.59
Non-Current Assets
Property, Plant & Equipment (Net)	0.41	1.84	3.16	3.16	0.78	1.93	3.06	4.29	2.12	0.82
Other Non-Current Assets	0.00	0.11	0.11	0.11	0.09	0.09	0.09	0.09	0.09	0.09
Total Non-Current Assets	0.41	1.95	3.27	3.27	0.87	2.03	3.15	4.38	2.22	0.91
Total Assets	10.44	17.55	25.26	25.26	24.19	27.18	17.80	23.56	25.24	24.50
Current Liabilities
Accounts Payable	2.51	0.41	1.76	1.76	0.23	0.33	0.31	0.58	1.07	0.76
Short-Term Debt	4.04	6.45	5.68	4.24	2.10	0.24	1.70	0.95	0.28	0.11
Current Portion of Long-Term Debt	1.05	0.27	-	0.32	0.21	0.24	1.70	-	-	-
Accrued Liabilities	1.46	1.10	-	1.15	1.23	1.21	0.54	-	-	-
Deferred Revenue	0.76	0.00	0.00	1.62	2.13	0.90	0.00	0.00	0.00	0.00
Other Current Liabilities	1.46	1.71	2.77	2.22	2.73	2.10	1.30	-230.21	-0.13	0.00
Total Current Liabilities	10.29	8.56	10.21	10.21	5.95	3.39	4.52	2.75	1.93	1.49
Non-Current Liabilities
Long-Term Debt	0.00	0.47	1.86	1.86	0.06	0.27	0.80	2.44	0.92	0.13
Deferred Tax Liabilities	0.04	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	0.04	0.47	1.86	1.86	0.06	0.54	1.79	2.44	0.92	0.13
Total Liabilities	10.29	9.03	12.07	12.07	6.01	3.93	6.31	5.19	2.86	1.62
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-39.47	-30.34	-25.66	-25.66	-19.11	-13.53	-12.11	-1.24	2.80	3.63
Treasury Stock	0.04	0.04	-	0.04	0.04	0.04	-	-	-	-
Additional Paid-in Capital	39.65	38.85	38.85	38.89	37.33	36.82	23.60	19.62	19.58	19.25
Shares Outstanding	2.68	2.51	-	2.51	1.85	1.83	-	-	-	-
Total Stockholders' Equity	0.14	8.51	13.19	13.19	18.18	23.25	11.49	18.38	22.38	22.88
Total Liabilities & Equity	10.44	17.55	25.26	25.26	24.19	27.18	17.80	23.56	25.24	24.50

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Polar Power Balance Sheet

How much debt does Polar Power have?

Polar Power had total debt of $4.04M as of Dec 31, 2025, against $200.00K in cash and short-term investments. Its debt-to-equity ratio was 28.03. Total debt was $6.92M a year earlier.

What are Polar Power's total assets?

Polar Power reported total assets of $10.44M as of Dec 31, 2025, down 40.5% from $17.55M a year earlier. Total liabilities were $10.29M.

What is Polar Power's shareholders' equity?

Polar Power's shareholders' equity was $144.00K as of Dec 31, 2025, or about $0.05 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition