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PSNYW

Polestar Automotive Holding UK PLC

PSNYW

Polestar Automotive Holding UK PLC • NASDAQ
$0.23 ▼ -0.87% (-0.00)
Market Cap $483.75 M
52w High $0.48
52w Low $0.20
Dividend Yield 0%
P/E -0.18
Volume 704.42K
Outstanding Shares 2.11B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $711.303M $557.997M $-596.539M -83.866% $-0.28 $-202.03M
Q1-2025 $711.303M ▲ $557.997M ▲ $-596.539M ▲ -83.866% ▲ $-0.28 ▲ $-202.03M ▲
Q4-2024 $564.224M $249.996M $-755.206M ▼ -133.849% ▼ $-0.36 ▼ $-654.739M ▼
Q3-2024 $564.224M ▼ $249.996M ▲ $-323.1M ▼ -57.264% ▼ $-0.15 ▼ $641.6M ▲
Q2-2024 $572.646M $236.342M $-266.986M -46.623% $-0.13 $-243.375M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $718.625M $3.643B $7.909B ▲ $-4.266B ▼
Q1-2025 $718.625M ▼ $3.643B ▼ $7.909B ▲ $-4.266B ▼
Q4-2024 $739.237M $4.054B $7.383B $-3.329B
Q3-2024 $739.237M ▲ $4.054B ▲ $7.383B ▲ $-3.329B ▼
Q2-2024 $668.911M $3.832B $5.654B $-1.821B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-596.539M $-248.826M $-160.838M $343.728M $0 $-292.842M
Q1-2025 $-596.539M ▲ $-248.826M ▲ $-160.838M ▼ $343.728M ▼ $0 $-292.842M ▲
Q4-2024 $-755.206M $-410.774M $-28.738M $489.536M $0 ▲ $-442.779M
Q3-2024 $-755.206M ▼ $-410.774M ▼ $-28.738M ▲ $489.536M ▲ $-668.911M ▼ $-442.779M ▼
Q2-2024 $-269.576M $62.956M $-166.295M $-22.689M $-115.11M $-122.48M

Five-Year Company Overview

Income Statement

Income Statement Polestar has grown sales meaningfully over the past few years, but that growth has stalled recently and is now slipping backwards. At the same time, the company’s costs remain high, so it is selling more cars without yet earning a profit on them. Gross margins have moved from slightly positive to clearly negative, and operating losses have been widening rather than narrowing. Overall, the income statement shows a business still deep in the investment phase, with scale and pricing not yet sufficient to cover its spending on operations, marketing, and development.

Balance Sheet

Balance Sheet The balance sheet shows a company carrying a heavy financial burden. Total assets have inched up, but they are now more than fully financed by debt and other obligations, leaving shareholder equity clearly negative. Cash on hand is meaningful but not large relative to the company’s losses and planned growth. The sharp rise in debt over a short period is a key risk: it reduces financial flexibility and increases pressure to improve profitability or secure new funding in future.

Cash Flow

Cash Flow Polestar is burning cash consistently. Day‑to‑day operations consume a substantial amount, and after factoring in investment in new products and tooling, free cash flow is strongly negative year after year. There is some sign that cash burn has stopped accelerating, but it remains heavy. This pattern means the business likely depends on continued access to external capital or support from stakeholders to fund its plans until it can bring costs and revenues into better balance.

Competitive Edge

Competitive Edge Polestar aims to occupy a premium, design‑driven niche in the electric vehicle market, supported by Volvo and Geely’s engineering and manufacturing base. This backing gives it credibility in safety, build quality, and global production without owning all the factories itself. Its direct‑to‑consumer model and minimalist Scandinavian brand help it stand out. However, it competes in one of the most crowded and price‑intense spaces in autos, facing pressure from Tesla, aggressive Chinese EV makers, and established luxury brands. Its smaller scale and lack of profits limit its ability to withstand prolonged price wars or demand slowdowns.

Innovation and R&D

Innovation and R&D The company leans heavily on innovation and sustainability to differentiate itself. It is pushing high‑performance electric models, advanced digital features using Google’s software stack and AI assistant, and ambitious climate goals like the “Polestar 0” project for a truly climate‑neutral car. Upcoming models spanning SUVs, GTs, and a roadster are meant to broaden its appeal. These initiatives could strengthen the brand if executed well, but they are costly and technically demanding, and delays, quality issues, or weaker‑than‑expected reception would weigh on both finances and reputation.

Summary

Polestar is a young, brand‑driven EV maker with a clear identity around performance, design, and sustainability, and it benefits from the industrial backbone of Volvo and Geely. Financially, though, it is still firmly in startup mode: revenues are sizable but no longer growing quickly, margins are negative, losses are large and widening, leverage has increased sharply, and cash burn is heavy. The story is about execution and survival through a difficult phase of the EV cycle—success would likely require scaling production smoothly, improving pricing and costs, and carefully managing debt and liquidity in an intensely competitive global market.