Is Polar Power going out of business?

Polar Power, Inc. (POLA) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

Polar Power, Inc. (POLA) scores 0 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: FCF margin: -117.38%

Five questions, kept separate

Survival - Critical

Under 1 mo of estimated runway from 2026-06-30, based on $183K of cash and short-term investments against $5.4M of annual burn. Adjusted shares outstanding increased 42.6% over the comparison year.

Business quality - Poor

-191.8% operating margin and -117.4% FCF margin produce a poor Business Quality assessment.

Trajectory - Contracting

Revenue weakened 61.4%; operating margin weakened 157.8pp; FCF margin weakened 99.6pp. The TTM window includes a mixed-basis Q4 estimate.

Valuation - Extreme expectations

-96.8% FCF yield supports an extreme expectations Valuation assessment on the ttm basis.

Event risk - Critical event risk

Going-Concern Warning is the decisive filing event; one adverse event family is active. Favorable events are shown separately and do not offset adverse risk.

What the rules read

• FCF margin: -117.38%
• Shares dilution YoY: 42.61% (YoY)
• Revenue growth YoY: -62.37% (YoY)
• Debt / Equity: -0.12x (Net Cash)
• ROE quality: -1120.89%
• ROIC: -422.88%
• Interest coverage: -2.1x
• Filing event risk: Going-Concern Warning (-8 pts)
• Gross margin: -33.07%
• Return on Assets: -94.15%
• Asset Efficiency: 0.45x
• Net income trend: -575.65%

Read from filings through 2026-08-28.

Price as of 2026-09-26.