POLA on Nasdaq

Polar Power, Inc.

Polar Power, Inc. is an American miscellaneous electrical machinery company based in Gardena.2

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Last updated Oct 20, 2026.

Overview

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  • TickerPOLA on Nasdaq2
  • IndustryMiscellaneous Electrical Machinery, Equipment & Supplies2
  • HeadquartersGardena, United States2
  • Incorporated inDE3
  • Business address249 E. Gardena Boulevard, Gardena, Ca 902483
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formFor-Profit Corporation General Stock2
  • LEI549300QOGO0JPJM23M832
  • StatusInactive2
  • LEI statusRetired2
  • Registered addressC/O Arthur D Sams, 90248 Gardena, United States2
  • Registered withSecretary of State, C18029232

Power, Inc. 2026 Equity Incentive Plan at the 2025 annual meeting of stockholders of the Company, among other matters.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-50.1%Gross margin5
-133.6%Operating margin5
-144.9%Net margin5
-54.9%Revenue growth, 20255
-6342.4%Return on equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue94¢$9.5M
  • Research and development6¢$646.0K

Out of $6.3M in revenue.5 The company lost money this year.

Financial statements

Revenue6789105$6.3M in 2025−75% since 2019
0$10.0M$20.0M$30.0M2019: $24.8M$24.8M20192020: $9.0M$9.0M2020−64%2021: $16.9M$16.9M2021+87%2022: $16.1M$16.1M2022−5%2023: $15.3M$15.3M2023−5%2024: $14.0M$14.0M2024−9%2025: $6.3M$6.3M2025−55%
Gross profit6789105-$3.2M in 2025
-$10.0M-$5.0M0$5.0M2019: $4.9M$4.9M20192020: -$5.6M-$5.6M20202021: $3.4M$3.4M20212022: $2.1M$2.1M2022−38%2023: $695.0K$695.0K2023−67%2024: $1.3M$1.3M2024+89%2025: -$3.2M-$3.2M2025
Operating income6789105-$8.4M in 2025+112% since 2019
-$15.0M-$10.0M-$5.0M02019: -$4.0M-$4.0M20192020: -$13.0M-$13.0M2020+226%2021: -$3.1M-$3.1M2021−76%2022: -$5.5M-$5.5M2022+79%2023: -$6.0M-$6.0M2023+8%2024: -$4.4M-$4.4M2024−27%2025: -$8.4M-$8.4M2025+93%
Net income6789105-$9.1M in 2025+126% since 2019
-$15.0M-$10.0M-$5.0M02019: -$4.0M-$4.0M20192020: -$10.9M-$10.9M2020+169%2021: -$1.4M-$1.4M2021−87%2022: -$5.6M-$5.6M2022+295%2023: -$6.5M-$6.5M2023+17%2024: -$4.7M-$4.7M2024−29%2025: -$9.1M-$9.1M2025+95%
Fiscal year2019202020212022202320242025
Revenue$24.8M6$9.0M7$16.9M8$16.1M9$15.3M10$14.0M5$6.3M5
Cost of revenue$19.9M13$14.7M7$13.5M8$13.9M9$14.6M10$12.7M5$9.5M5
Gross profit$4.9M6-$5.6M7$3.4M8$2.1M9$695.0K10$1.3M5-$3.2M5
Research and development$2.3M6$1.7M7$2.0M8$1.5M9$1.2M10$771.0K5$646.0K5
Operating expenses$6.5M8$7.7M9$6.7M10$5.7M5$5.3M5
Operating income-$4.0M6-$13.0M7-$3.1M8-$5.5M9-$6.0M10-$4.4M5-$8.4M5
Interest$103.0K6$60.0K7$60.0K8$58.0K9$559.0K9
Income before tax-$1.4M7
Income tax-$2.1M7
Net income-$4.0M6-$10.9M7-$1.4M8-$5.6M9-$6.5M10-$4.7M5-$9.1M5
Earnings per share-$0.118-$0.439-$3.4510-$1.865-$3.595
Earnings per share (diluted)-$0.439-$3.4510-$1.865-$3.595
Shares (weighted, basic)12.7M shares812.9M shares91.9M shares102.5M shares52.5M shares5
Shares (weighted, diluted)12.9M shares91.9M shares102.5M shares52.5M shares5

Compare Polar Power, Inc. with another company

Corporate structure

Polar Power, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Polar Power, Inc.

  • LU 2 Holdings LLC Filed SCHEDULE 13G on Polar Power, Inc., latest Oct 7, 2026
  • BARD ASSOCIATES INC Filed SCHEDULE 13G/A on Polar Power, Inc., latest Jan 30, 2026 (4 filings since Jan 4, 2024)
  • Lind Global Fund II LP Filed SC 13G/A on Polar Power, Inc., latest Feb 13, 2024 (2 filings since Dec 6, 2023)
  • Arthur D. Sams Filed SC 13G/A on Polar Power, Inc., latest Feb 14, 2023
  • Polar Power, Inc. Gardena, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Polar Power, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$4.5M5 Dec 31, 2025$4.5M5 Dec 31, 20240%
Accumulated depreciation$4.4M5 Dec 31, 2025$4.3M5 Dec 31, 2024+1.6%
Property and equipment, net$128.0K5 Dec 31, 2025$196.0K5 Dec 31, 2024−34.7%
Operating-lease assets (leased space)$278.0K5 Dec 31, 2025$1.6M5 Dec 31, 2024−83.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$200.0K5 Dec 31, 2025$498.0K5 Dec 31, 2024−59.8%
Deposits held (banks)$764.0K5 Dec 31, 2025$607.0K5 Dec 31, 2024+25.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$9.4M5 Dec 31, 2025$12.9M5 Dec 31, 2024−26.9%
Raw materials$8.7M5 Dec 31, 2025$11.9M5 Dec 31, 2024−26.9%
Finished goods$721.0K5 Dec 31, 2025$991.0K5 Dec 31, 2024−27.2%

Properties, in its own words

Our principal offices are located in Gardena, California, where we lease a 40,000 square feet facility that includes our corporate staff offices, our manufacturing facility, and our research and development center. We also lease a 29,000 square foot manufacturing facility and a 20,000 square foot storage facility near our principal offices. We believe that our current facilities are sufficient to accommodate our anticipated production volumes for the next twelve months. If required, additional office and manufacturing space is available within less than three miles from our present location.

Item 2 of the 10-K filed Apr 15, 2026.4

Leadership

Who has led Polar Power, Inc., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Luis Zavala2016–2022

Chief operating officer

  1. Rajesh Masina2018–2020
20202025
Board members and other officers (8)

Timeline

  1. Oct 13, 20268-K Executive or director change; Regulation FD disclosure24
  2. Sep 29, 20268-K Regulation FD disclosure25
  3. Sep 28, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure26
  4. Aug 28, 20268-K Entered a material agreement; Executive or director change27
  5. Aug 24, 20268-K Executive or director change; Regulation FD disclosure28
  6. Aug 11, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares29
  7. Jul 28, 20268-K Entered a material agreement; Ended a material agreement; New debt or obligation30
  8. Jul 28, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure31
  9. Jul 16, 20268-K Bylaws or fiscal year changed32
  10. Jul 7, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares33
  11. Jul 6, 20268-K Listing notice or transfer34
  12. Jun 2, 20268-K Results of operations; Regulation FD disclosure35
  13. Dec 6, 2016New chief executive Arthur D. Sams becomes CEO14
  14. Oct 9, 1991Founded Polar Power, Inc. is founded2

Calendar

Coming up

  1. Nov 18, 2026Reports results for the quarter ending Sep/202636

When it reported results

  1. Jun 2, 2026Reported quarterly or annual results35
  2. Nov 20, 2025Reported quarterly or annual results37
  3. Aug 15, 2025Reported quarterly or annual results38
  4. May 16, 2025Reported quarterly or annual results39
  5. Apr 1, 2025Reported quarterly or annual results40
  6. Nov 14, 2024Reported quarterly or annual results41
  7. Aug 14, 2024Reported quarterly or annual results42
  8. May 15, 2024Reported quarterly or annual results43

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

121 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 49 major events, 10 insider forms, 8 large holders, 34 other. The latest 20:

  1. Oct 13, 20268-K EDGAR
  2. Oct 9, 2026DEFR14A EDGAR
  3. Oct 7, 2026SCHEDULE 13G EDGAR
  4. Sep 29, 2026DEFR14A EDGAR
  5. Sep 29, 20268-K EDGAR
  6. Sep 28, 20268-K EDGAR
  7. Sep 28, 2026424B3 EDGAR
  8. Sep 25, 2026EFFECT EDGAR
  9. Sep 16, 20263 EDGAR
  10. Sep 16, 2026DEF 14A EDGAR
  11. Sep 14, 2026S-1/A EDGAR
  12. Sep 14, 20263 EDGAR
  13. Sep 8, 20264 EDGAR
  14. Sep 4, 2026PRE 14A EDGAR
  15. Aug 28, 20268-K EDGAR
  16. Aug 28, 20263 EDGAR
  17. Aug 24, 2026S-1 EDGAR
  18. Aug 24, 20268-K EDGAR
  19. Aug 18, 202610-Q EDGAR
  20. Aug 14, 2026NT 10-Q EDGAR

The 121 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 6, 2021Albrecht KeithDirectorSale4,633$4.75$22.0KForm 4
Dec 3, 2021Albrecht KeithDirectorSale16,381$4.63$75.8KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Arthur D. SamsPresident,75$27548
2025Luis Zavala,57$20048
2024Chief Executive Officer and Secretary (in $000)$27548
2024Chief Financial Officer (in $000)$17848

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Jane Street Group, LLC28,902$52.3K0.0%New
XTX Topco Ltd27,702$50.1K0.0%New
Vanguard Fiduciary Trust Co27,625$50.0K0.0%New
Geode Capital Management, LLC19,354$35.0K0.0%−15,270
BlackRock, Inc.12,271$22.2K0.0%No change
State Street Corp10,631$19.2K0.0%No change
UBS Group AG7,888$14.3K0.0%−10,709
Vanguard Capital Management LLC7,863$14.2K0.0%No change
Citigroup Inc4,355$7.9K0.0%New
Jones Financial Companies Lllp3,000$5.0K0.0%New
Tower Research Capital LLC (TRC)2,352$4.3K0.0%+2,351
Barclays PLC258$4670.0%New
Osaic Holdings, Inc.123$2220.0%−100
Virtu Financial LLC17,779$320.0%New
SBI Securities Co., Ltd.9$160.0%No change
Danske Bank A/s1$20.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Polar Power, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPolar Power, Inc.1
  • CIK0001622345
  • Employer ID (EIN)33-04790204
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)3690 Miscellaneous Electrical Machinery, Equipment & Supplies1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address249 E. Gardena Boulevard, Gardena, CA 902481
  • Phone310-830-91531
  • Shares outstanding3,851,684 as of Aug 17, 202612
  • Public float$3.0M as of Jun 30, 20254
  • AuditorWeinberg & Company, P.A., Los Angeles, California PCAOB ID 572; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceOct 27, 20141
  • Filings238 in all: 8-K (76), 10-Q (29), 4 (14), 10-K (10), 3 (10), DEF 14A (10), CORRESP (9), UPLOAD (8)1
    All 36 form types

    424B5 (6), DEFA14A (6), EFFECT (6), SC 13G (5), S-1 (4), S-1/A (4), 10-Q/A (3), 4/A (3), 424B3 (3), 5 (3), NT 10-Q (3), PRE 14A (3), SC 13G/A (3), 10-K/A (2), D (2), DEFR14A (2), S-3 (2), SCHEDULE 13G/A (2), 144 (1), 424B4 (1), 8-A12B (1), 8-K/A (1), CERTNAS (1), FWP (1), NT 10-K (1), S-1MEF (1), S-8 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Apr 15, 2026
    Quarterly report (10-Q) Aug 18, 2026
    Proxy statement (DEF 14A) Sep 16, 2026
    Latest 8-K (8-K) Oct 13, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.0001 par valuePOLANasdaq

From the cover page of the 10-K filed Apr 15, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Polar Power, Inc. names in Item 1A of its 10-K filed Apr 15, 2026: 39 risks under these headings, as written.4

  • Risks Related to Our Business and Industry
  • The COVID-19 pandemic and recovery had a significant negative impact on our business, sales, results of operations and financial condition in 2020 to 2022, but to a lesser extent in 2024 and 2025.
  • Rising inflation in the economies in which we operate may adversely affect our operating margins and our results of operation.
  • Terrorist attacks and threats of war may impact all aspects of our operations, revenues, costs and stock price in unpredictable ways.
  • We have incurred significant losses in the past and we may incur losses in the future, which may hamper our operations and impede us from expanding our business.
  • We are dependent on, and derive substantially all of our revenue from, sales of our DC base power systems to one customer within the U.S. telecommunications market. Our efforts to expand our customer base, our product portfolio or markets within which we operate may not succeed and may reduce our revenue growth rate.
  • Many of our DC power systems involve long design and sales cycles, which could have an adverse impact on our results of operations and financial performance.
  • We do not have long-term commitments for significant revenues with most of our customers and may be unable to retain existing customers, attract new customers or replace departing customers with new customers that can provide comparable revenues and profits.
  • The current high concentration of our sales within the telecommunications market could result in a significant reduction in sales and negatively affect our profitability if demand for our DC power systems declines within this market before we are able to make significant inroads with our diversification of markets and customers.
  • We face inventory risk and may be required to write-off additional inventory in the future.
  • The unavailability or shortage, or increase in the cost, of raw materials and components could have an adverse effect on our sales and profitability.
  • The markets within which we compete are highly competitive. Many of our competitors have greater financial and other resources than we do and one or more of these competitors could use their greater financial and other resources to gain market share at our expense.
The other 28 risks
  • Rapid technological changes may prevent us from remaining current with our technological resources and maintaining competitive product and service offerings.
  • If we are unable to continue to develop new and enhanced products and services that achieve market acceptance in a timely manner, our competitive position and operating results could be harmed.
  • Natural disasters and other events beyond our control could materially adversely affect us.
  • We are dependent on relationships with our key material suppliers, and the partial or complete loss of one of these key suppliers, or the failure to find replacement suppliers or manufacturers in a timely manner, could adversely affect our business.
  • Price increases in some of the key components in our DC power systems could materially and adversely affect our operating results and cash flows.
  • A portion of our key components are sourced in foreign countries, exposing us to additional risks that may not exist in the U.S.
  • We manufacture and assemble a majority of our products at two facilities. Any prolonged disruption in the operations of this facility would result in a decline in our sales and profitability.
  • Our business operations are subject to substantial government regulation.
  • Certain of our products are used in critical communications networks which may subject us to significant liability claims.
  • We could be adversely affected by our failure to comply with the laws applicable to our foreign activities, including the U.S. Foreign Corrupt Practices Act and other similar worldwide anti-bribery laws.
  • We are exposed to risks related to our international sales, and the failure to manage these risks could harm our business. If we fail to expand our business into international markets, our revenues and results of operations may be adversely affected.
  • Cyberattacks through security vulnerabilities could lead to disruption of business, reduced revenue, increased costs, liability claims, or harm to our reputation or competitive position.
  • Risks Related to Our Intellectual Property
  • If we fail to adequately protect our intellectual property rights, we could lose important proprietary technology, which could materially and adversely affect our business.
  • If we face claims of intellectual property infringement by third parties, we could encounter expensive litigation, be liable for significant damages or incur restrictions on our ability to sell our products and services.
  • Risks Related to Our Common Stock
  • Our operating results can fluctuate significantly from period to period, which makes our operating results difficult to predict and can cause our operating results in any particular period to be less than comparable periods and expectations from time to time.
  • Our Chairman, President and Chief Executive Officer owns a significant percentage of our common stock and will exercise significant influence over matters requiring stockholder approval, regardless of the wishes of other stockholders.
  • The price of our shares of common stock is volatile, and you could lose all or part of your investment.
  • A decline in the price of our common stock could affect our ability to raise further working capital, which could adversely impact our ability to continue operations.
  • We do not anticipate paying cash dividends, and accordingly, stockholders must rely on stock appreciation for any return on their investment.
  • Our failure to satisfy certain listing requirements may result in our common stock being delisted from the Nasdaq Capital Market, which may make it more difficult for our shareholders to sell shares of our common stock.
  • If securities or industry analysts do not publish research or reports or publish inaccurate or unfavorable research or reports about our business, our share price and trading volume could decline.
  • We are not subject to the provisions of Section 203 of the Delaware General Corporation Law, which could negatively affect your investment.
  • Some provisions of our charter documents and Delaware law may have anti-takeover effects that could discourage an acquisition of us by others, even if an acquisition would be beneficial to our stockholders, and may prevent attempts by our stockholders to replace or remove our current management.
  • Our certificate of incorporation designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or other employees.
  • If we fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results or prevent fraud. As a result, stockholders could lose confidence in our financial and other public reporting, which would harm our business and the trading price of our common stock.
  • We incur significant costs as a result of operating as a public company and our management expects to devote substantial time to public company compliance programs.
  • Raising additional capital, including through future sales and issuances of our common stock, the exercise of warrants or the exercise of rights to purchase common stock pursuant to our equity incentive plan could result in additional dilution of the percentage ownership of our stockholders, could cause our share price to fall and could restrict our operations.
  • Our issuance of shares of preferred stock could adversely affect the market value of our common stock, dilute the voting power of common stockholders and delay or prevent a change of control.

Legal proceedings

From time to time, we may be involved in general commercial disputes arising in the ordinary course of our business. We are not currently involved in legal proceedings that could reasonably be expected to have material adverse effect on our business, prospects, financial condition or results of our operation.

The opening of Item 3, Legal Proceedings.4

Sources

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