Polestar
Financial Performance
Polestar Revenue & Financials
Revenue
$3.1B (FY2025)
Market Cap
$1.1B
Employees
1,686
What is Polestar's revenue?
Polestar had $3.1B in revenue for fiscal year 2025, up 50.3% from 2024. It reported a net loss of $2.4B.
- Latest revenue
- $3.1B (FY2025)
- Year-over-year
- +50.3%
- Growth rate (CAGR)
- 38% over 5 years
- Peak revenue
- $3.1B (FY2025)
- Years of data
- 6
- Employees
- 1,686
- How much profit does Polestar make?
- Polestar reported a net loss of $2.4B for fiscal year 2025. media.polestar.com
- How many employees does Polestar have?
- Polestar has about 1,686 employees.
Financial Analysis
Polestar's revenue rose 50% to $3,058 million in 2025 as retail sales climbed 34% to 60,119 cars, but impairments of about $1.1 billion pushed the net loss to $2,357 million. In the first half of 2026 revenue slipped 4% to $1,360 million, the operating loss narrowed 43% to $629 million and cash stood at $888 million at the end of June. Polestar Automotive Holding operates as a premium electric vehicle manufacturer jointly controlled by Volvo Cars and Geely, experiencing a significantly compressed market valuation around $2 billion amid broader EV market struggles.
Revenue Trend Analysis
YoY Change
+50.3%
5-Year CAGR
+38%
Peak Year
2025
Trend
Mostly Growing
Polestar has 6 full fiscal year figures on this page, compounding at +38% annually over 5 years. The most recent year saw a 50.3% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $3.1B. Of 5 comparable year-over-year steps, 3 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | $3.1B | -$2.4B | +50.3% | Polestar Q4 select and full-year 2025 financial results (press release, 17 April 2026) Fiscal year ended 2025-12-31.; net loss includes approx. $1.1 billion of impairment expense. Retail sales 60,119 cars. |
| FY2024 | $2B | -$2B | -14.1% | Polestar Automotive Holding UK PLC annual report (Form 20-F, SEC EDGAR, filed 2025-05-09) Fiscal year ended 2024-12-31. |
| FY2023 | $2.4B | -$1.2B | -3.0% | Polestar Automotive Holding UK PLC annual report (Form 20-F, SEC EDGAR, filed 2025-05-09) Fiscal year ended 2023-12-31. |
| FY2022 | $2.4B | -$479M | +81.7% | Polestar Automotive Holding UK PLC annual report (Form 20-F, SEC EDGAR, filed 2025-05-09) Fiscal year ended 2022-12-31. |
| FY2021 | $1.3B | -$969.8M | +120.2% | Polestar Automotive Holding UK PLC annual report (Form 20-F, SEC EDGAR, filed 2025-04-23) Fiscal year ended 2021-12-31. |
| FY2020 | $610.2M | -$484.9M | — | Polestar Automotive Holding UK PLC annual report (Form 20-F, SEC EDGAR, filed 2023-04-14) Fiscal year ended 2020-12-31. |
Click any row to see year details.
Polestar balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 20-F, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Free cash flow | Source |
|---|---|---|---|---|---|---|
| FY2024ended Dec 31, 2024 | -$991.2M | $147.9M | $4.1B | $7.4B | -$1.1B | Form 20-F |
| FY2023ended Dec 31, 2023 | -$1.9B | $137.4M | $4.3B | $5.5B | -$2B | Form 20-F |
| FY2022ended Dec 31, 2022 | -$1.1B | $32.3M | $3.9B | $4B | -$1.1B | Form 20-F |
| FY2021ended Dec 31, 2021 | -$314.6M | $24.7M | $3.3B | $3.2B | -$339.3M | Form 20-F |
Related Companies
Compare Polestar Revenue With Competitors
Keep researching Polestar
Polestar Revenue and Financial FAQ
What is Polestar's annual revenue?
Polestar reported revenue of $3,058 million for 2025, up 50% from $2,034 million in 2024, on record retail sales of 60,119 cars.
Is Polestar profitable?
No. Polestar posted a 2025 net loss of $2,357 million, including about $1.1 billion of impairments, and a net loss of $842 million in the first half of 2026.
How did Polestar perform in the first half of 2026?
H1 2026 revenue fell 4% to $1,360 million while retail sales reached a record 30,423 cars. The operating loss narrowed 43% to $629 million, and cash was $888 million at the end of June 2026.
What is Polestar's 2026 sales guidance?
On 3 September 2026 Polestar cut its full-year guidance to 61,900-63,100 retail sales, reflecting its exclusion from the US market from the 2027 model year.
How is Polestar funded?
Geely and Volvo Cars support Polestar through equity injections, debt-to-equity conversions and a shareholder loan. Since June 2025 the company has secured about $1.2 billion of new equity alongside these measures.
How did Volvo Cars change its Polestar stake in 2024?
In early 2024 Volvo Cars distributed most of its Polestar shares to its own shareholders, keeping a stake of about 18%, while Geely became the primary financial backer.
How did Volvo Cars restructure its equity ownership in Polestar in 2024?
In early 2024, Volvo Cars reduced its shareholding in Polestar from ~48% to ~18%, distributing the remaining shares directly to Volvo's shareholders (chiefly Geely Sweden Holdings). This shifted the primary financial backing responsibility directly to Geely Holding while relieving Volvo from funding Polestar's operational cash burn.
What is Polestar's path toward achieving positive gross margins and operational breakeven?
Polestar aims to achieve gross profit margin expansion and cash-flow breakeven by ramping global deliveries of its high-margin luxury SUVs (Polestar 3 produced in South Carolina and Chengdu, and Polestar 4 produced in Hangzhou Bay and South Korea), transitioning away from reliance on lower-margin fleet vehicle sales.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Polestar Revenue & Financials." CorpDigest, https://corpdigest.com/company/polestar/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Polestar reported $3.1B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/polestar/financials" target="_blank" rel="noopener">CorpDigest — Polestar financials</a></div>Related Financial Audits
Compare revenue, net income, and market cap scale
Explore Polestar
Core profile pages, founders and related research hubs for this company.