Polestar Automotive Holding UK PLC ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Polestar Automotive Holding UK PLC ADR reported revenue of $3.1B (+50.3% year on year) and net income of ($2.4B) (-15.0% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $3.1B | $2.0B | $2.4B | $2.5B |
| Cost of sales | $4.1B | ($2.9B) | ($2.8B) | ($2.3B) |
| Impairment expense, net of reversals | ($1.0B) | — | — | — |
| Other cost of sales | ($3.1B) | — | — | — |
| Gross loss | ($1.1B) | ($876.2M) | ($413.1M) | $119.4M |
| Selling, general and administrative expense | ($856.5M) | ($890.7M) | ($949.7M) | ($864.6M) |
| Research and development expense | ($77.6M) | ($38.4M) | ($158.4M) | ($167.2M) |
| Other operating income | $52.4M | — | — | — |
| Other operating expense | ($87.8M) | — | — | — |
| Foreign exchange gains (losses) on operating activities, net | $44.1M | — | — | — |
| Operating loss | ($2.0B) | ($1.8B) | ($1.5B) | ($1.3B) |
| Finance income | $9.0M | $23.9M | $69.5M | $8.6M |
| Finance expense | ($385.2M) | ($393.8M) | ($213.3M) | ($108.4M) |
| Foreign exchange gains (losses) on financial activities, net | $50.3M | — | — | — |
| Fair value changes - Earn-out rights and Class C shares | 23.4M | — | — | — |
| Share of losses in associates | ($49.1M) | ($5.0M) | ($43.3M) | — |
| Loss before income taxes | ($2.4B) | ($2.1B) | ($1.2B) | ($449.0M) |
| Income tax benefit | $3.7M | $9.2M | $7.1M | ($16.8M) |
| Net loss | ($2.4B) | ($2.0B) | ($1.2B) | ($465.8M) |
| Line item | Jun 30, 2026 · YTD | Jun 30, 2025 · YTD | Jun 30, 2024 · YTD |
|---|---|---|---|
| Revenue | $1.4B | $1.4B | $905.8M |
| Cost of sales | $1.5B | ($2.1B) | ($933.1M) |
| Impairment expense, net of reversals | $1.2M | ($723.5M) | — |
| Other cost of sales | ($1.5B) | ($1.4B) | — |
| Gross loss | ($114.8M) | ($703.1M) | ($27.3M) |
| Selling, general and administrative expense | ($430.9M) | ($431.3M) | ($437.8M) |
| Research and development expense | ($15.3M) | ($31.3M) | ($23.3M) |
| Other operating income | $12.8M | — | — |
| Other operating expense | ($50.5M) | — | — |
| Foreign exchange (losses) gains on operating activities, net | ($30.1M) | — | — |
| Operating loss | ($628.9M) | ($1.1B) | ($464.4M) |
| Finance income | $5.3M | $52.8M | $5.6M |
| Finance expense | ($205.2M) | ($185.3M) | ($201.4M) |
| Foreign exchange (losses) gains on financial activities, net | ($14.8M) | — | — |
| Fair value change - Earn-out rights and Class C Shares | 6.4M | — | — |
| Share of losses in associates | $0 | ($24.3M) | ($4.3M) |
| Loss before income taxes | ($837.2M) | ($1.2B) | ($522.5M) |
| Income tax (expense) benefit | ($5.3M) | $43.5M | ($17.0M) |
| Net loss | ($842.4M) | ($1.2B) | ($539.5M) |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Intangible assets and goodwill | $700.3M | $1.0B | $1.4B | $1.4B |
| Property, plant and equipment | $293.0M | $537.7M | $316.9M | $258.0M |
| Vehicles under operating leases | $100.5M | $56.1M | $67.9M | $92.2M |
| Other assets | $54.9M | $39.7M | $7.2M | $5.3M |
| Deferred tax assets | $92.3M | $81.6M | $43.0M | $7.8M |
| Total non-current assets | $1.2B | $1.8B | $1.9B | $1.8B |
| Cash and cash equivalents | $1.2B | $739.2M | $768.9M | $973.9M |
| Trade receivables and other receivables | $341.9M | — | — | — |
| Inventories | $853.1M | $1.1B | $939.4M | $658.6M |
| Current tax assets | $11.1M | $5.0M | $9.3M | $7.2M |
| Other assets | $323.3M | — | — | — |
| Total current assets | $2.7B | $2.3B | $2.3B | $2.2B |
| Total assets | $3.9B | $4.1B | $4.1B | $3.9B |
| Share capital | ($27.8M) | ($21.2M) | ($21.2M) | ($21.2M) |
| Other contributed capital | ($4.1B) | ($3.6B) | ($3.6B) | ($3.6B) |
| Foreign currency translation reserve | $14.7M | $63.2M | $26.0M | $12.3M |
| Accumulated deficit | $9.3B | $6.9B | $4.9B | $3.7B |
| Total equity | $5.1B | $3.3B | $1.3B | $133.6M |
| Contract liabilities | ($76.1M) | ($61.0M) | ($63.1M) | ($50.3M) |
| Deferred tax liabilities | ($577.0K) | ($630.0K) | ($3.3M) | ($476.0K) |
| Provisions | ($133.5M) | ($94.8M) | ($104.7M) | ($74.0M) |
| Other liabilities | ($37.2M) | ($71.4M) | ($73.1M) | ($14.8M) |
| Earn-out liability | ($3.6M) | ($28.8M) | ($155.4M) | ($598.6M) |
| Loans and borrowings | ($2.5B) | — | — | — |
| Lease liabilities | ($93.5M) | — | — | — |
| Total non-current liabilities | ($2.8B) | ($2.6B) | ($1.9B) | ($823.6M) |
| Trade payables | ($1.1B) | ($103.4M) | ($92.4M) | ($98.5M) |
| Accrued expenses | ($424.6M) | — | — | — |
| Advance payments from customers | ($16.1M) | ($17.3M) | ($16.4M) | ($40.9M) |
| Provisions | ($120.8M) | ($72.8M) | ($94.9M) | ($74.9M) |
| Loans and borrowings | ($3.9B) | — | — | — |
| Current tax liabilities | ($12.3M) | ($28.9M) | ($12.8M) | ($10.6M) |
| Lease liabilities | ($37.2M) | — | — | — |
| Contract liabilities | ($37.2M) | ($37.6M) | ($112.1M) | ($46.2M) |
| Class C Shares liability | -5.3M | -3.5M | -6.0M | -28.0M |
| Other liabilities | ($587.0M) | ($740.6M) | ($347.9M) | ($393.8M) |
| Total current liabilities | ($6.2B) | ($4.7B) | ($3.5B) | ($3.3B) |
| Total liabilities | ($9.1B) | ($7.4B) | ($5.4B) | ($4.1B) |
| Total equity and liabilities | ($3.9B) | ($4.1B) | ($4.1B) | ($3.9B) |
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 |
|---|---|---|---|
| Intangible assets and goodwill | $663.4M | $837.7M | $1.5B |
| Property, plant and equipment | $305.0M | $360.1M | $547.1M |
| Vehicles under operating leases | $130.1M | $64.3M | $69.2M |
| Other assets | $82.9M | $43.3M | $27.6M |
| Deferred tax assets | $94.5M | $123.4M | $31.8M |
| Total non-current assets | $1.3B | $1.4B | $2.1B |
| Cash and cash equivalents | $887.6M | $718.6M | $668.9M |
| Trade receivables and other receivables | $363.9M | — | — |
| Inventories | $720.0M | $805.7M | $726.0M |
| Current tax assets | $18.0M | $10.2M | $14.3M |
| Other assets | $251.2M | — | — |
| Total current assets | $2.2B | $2.2B | $1.8B |
| Total assets | $3.5B | $3.6B | $4.0B |
| Share capital | ($49.3M) | ($21.3M) | ($21.2M) |
| Other contributed capital | ($5.4B) | ($3.8B) | ($3.6B) |
| Foreign currency translation reserve | $106.3M | $28.3M | $49.8M |
| Accumulated deficit | $10.1B | $8.1B | $5.4B |
| Total equity | $4.7B | $4.3B | $1.8B |
| Contract liabilities | ($70.7M) | ($74.2M) | ($62.1M) |
| Deferred tax liabilities | $0 | ($527.0K) | ($3.5M) |
| Provisions | ($120.5M) | ($104.2M) | ($97.8M) |
| Other liabilities | ($82.9M) | ($81.4M) | ($48.1M) |
| Earn-out liability | ($422.0K) | ($13.0M) | ($15.8M) |
| Loans and borrowings | ($946.8M) | — | — |
| Lease liabilities | ($84.5M) | — | — |
| Total non-current liabilities | ($1.3B) | ($2.7B) | ($2.6B) |
| Trade payables | ($894.8M) | ($130.9M) | ($81.0M) |
| Accrued expenses | ($320.9M) | — | — |
| Advance payments from customers | ($9.9M) | ($7.9M) | ($18.7M) |
| Provisions | ($115.3M) | ($114.8M) | ($87.1M) |
| Loans and borrowings | ($5.0B) | — | — |
| Current tax liabilities | ($11.2M) | ($5.3M) | ($7.1M) |
| Lease liabilities | ($28.6M) | — | — |
| Contract liabilities | ($33.8M) | ($29.4M) | ($110.0M) |
| Class C Shares liability | -2.1M | -3.5M | -3.5M |
| Other liabilities | ($569.2M) | ($747.7M) | ($599.9M) |
| Total current liabilities | ($6.9B) | ($5.2B) | ($3.2B) |
| Total liabilities | ($8.2B) | ($7.9B) | ($5.8B) |
| Total equity and liabilities | ($3.5B) | ($3.6B) | ($4.0B) |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net loss | ($2.4B) | ($2.0B) | ($1.2B) | ($465.8M) |
| Depreciation and amortization | $52.7M | $55.7M | $115.0M | $158.4M |
| Warranty provisions | $89.5M | $34.7M | $65.5M | $85.0M |
| Impairment of inventory (NRV) | $156.0M | $89.7M | $134.9M | $27.9M |
| Impairment of property, plant, and equipment, vehicles under operating leases, and intangible assets, net of reversals | $1.0B | $622.1M | $351.2M | — |
| Finance income | ($9.0M) | ($23.9M) | ($69.5M) | ($8.6M) |
| Finance expense | $385.2M | $393.8M | $213.3M | $108.4M |
| Fair value changes - Earn-out rights and Class C shares | -23.4M | — | — | — |
| Income tax benefit | ($3.7M) | ($9.2M) | ($7.1M) | $16.8M |
| Share of losses in associates | $49.1M | $5.0M | $43.3M | — |
| Gain on sale of asset grouping | $0 | $0 | ($16.3M) | $0 |
| Net losses on derecognition and disposal of property, plant and equipment and intangible assets | $31.4M | $5.6M | $10.9M | — |
| Litigation provisions, net of insurance | $3.3M | ($2.3M) | — | — |
| Other provisions | $73.6M | $13.4M | $19.9M | — |
| Exchange rate (income) loss, net | ($65.8M) | $9.8M | $26.8M | — |
| Other non-cash expense and income | $38.3M | $20.3M | ($8.5M) | $19.0M |
| Inventories | $292.2M | ($255.4M) | ($358.4M) | ($226.6M) |
| Contract liabilities | $1.6M | ($32.3M) | $77.4M | $13.4M |
| Trade and other receivables, prepaid expenses, and other assets | ($134.1M) | $85.0M | ($151.6M) | ($220.1M) |
| Trade payables, accrued expenses, and other liabilities | ($170.2M) | $464.9M | ($459.0M) | $52.8M |
| Restricted deposits | ($25.4M) | ($9.4M) | — | — |
| Interest received | $9.1M | $21.1M | $32.3M | $8.6M |
| Interest paid | ($337.0M) | ($292.8M) | ($220.1M) | ($68.1M) |
| Taxes paid | ($21.2M) | ($8.2M) | ($35.5M) | ($19.6M) |
| Cash used for operating activities | ($915.0M) | ($991.2M) | ($1.9B) | ($1.1B) |
| Additions to property, plant, and equipment | ($158.7M) | ($147.9M) | ($137.4M) | ($32.3M) |
| Additions to intangible assets | ($296.1M) | ($209.1M) | ($457.4M) | ($681.2M) |
| Additions to investment in associates | ($63.7M) | ($34.3M) | — | — |
| Additions to other non-current assets | ($7.2M) | ($21.3M) | — | — |
| Proceeds from sale of property, plant and equipment | $5.0M | $33.0K | $1.8M | — |
| Proceeds from sale of asset grouping | $0 | $0 | $153.6M | — |
| Cash used for investing activities | ($520.7M) | ($412.6M) | ($439.4M) | ($716.0M) |
| Changes in restricted deposits | $0 | $0 | ($1.9M) | $0 |
| Proceeds from short-term loans and borrowings | $4.2B | $3.4B | $3.3B | $2.1B |
| Proceeds from long-term loans and borrowings | $191.3M | $938.5M | $1.4B | — |
| Repayments of loans and borrowings | ($3.1B) | ($2.9B) | ($2.6B) | — |
| Proceeds from equity issuance | 498.3M | 0 | 0 | 1.4B |
| Proceeds from related party capital contribution | $0 | $0 | $25.6M | — |
| Repayments of lease liabilities | ($33.8M) | ($35.6M) | ($21.9M) | — |
| Cash provided by financing activities | $1.7B | $1.4B | $2.1B | $2.1B |
| Effect of foreign exchange rate changes on cash and cash equivalents | $162.6M | ($49.4M) | $987.0K | ($66.4M) |
| Net increase (decrease) in cash and cash equivalents | $420.1M | ($29.0M) | ($204.9M) | $217.2M |
| Cash and cash equivalents at the beginning of the period | $739.2M | $768.3M | $973.9M | $756.7M |
| Cash and cash equivalents at the end of the period | $1.2B | $739.2M | $768.9M | $973.9M |
| Line item | Jun 30, 2026 · YTD | Jun 30, 2025 · YTD | Jun 30, 2024 · YTD |
|---|---|---|---|
| Net loss | ($842.4M) | ($1.2B) | ($539.5M) |
| Depreciation and amortization | $12.1M | $32.3M | $22.4M |
| Warranty provisions | $35.4M | $40.8M | $8.6M |
| Impairment of inventory | $87.8M | $81.1M | $27.1M |
| Impairment (reversal) expense of property, plant, and equipment, vehicles under operating leases, and intangible assets, net | ($1.2M) | $723.5M | — |
| Finance income | ($5.3M) | ($52.8M) | ($5.6M) |
| Finance expense | $205.2M | $185.3M | $201.4M |
| Fair value change - Earn-out rights and Class C Shares | -6.4M | — | — |
| Income tax benefit (expense) | $5.3M | ($43.5M) | $17.0M |
| Share of losses in associates | $0 | $24.3M | $4.3M |
| Net losses (gains) on derecognition and disposal of property, plant and equipment and intangible assets | $12.9M | ($286.0K) | $0 |
| Litigation provisions, net of insurance | $0 | ($583.0K) | — |
| Other provisions | $64.8M | $36.0M | $13.3M |
| Exchange rate income (loss), net | $34.5M | ($38.5M) | ($5.6M) |
| Other non-cash expense and income | ($16.2M) | $40.9M | $6.6M |
| Inventories | $37.6M | $345.2M | $163.5M |
| Contract liabilities | ($5.5M) | ($6.7M) | $1.9M |
| Trade receivables, prepaid expenses, and other assets | $64.1M | ($149.3M) | $115.6M |
| Trade payables, accrued expenses, and other liabilities | ($340.1M) | ($335.3M) | $97.1M |
| Restricted deposits | ($17.7M) | ($2.6M) | — |
| Interest received | $1.6M | $1.9M | $5.6M |
| Interest paid | ($164.3M) | ($146.5M) | ($146.2M) |
| Taxes paid | ($12.1M) | ($24.0M) | ($15.1M) |
| Cash used for operating activities | ($849.9M) | ($497.7M) | ($169.7M) |
| Additions to property, plant, and equipment | ($66.4M) | ($88.0M) | ($83.9M) |
| Additions to intangible assets | ($145.2M) | ($201.6M) | ($236.9M) |
| Additions to investment in associates | $0 | ($38.8M) | ($34.3M) |
| Reductions to other non-current assets | $702.0K | $460.0K | — |
| Proceeds from sale of property, plant and equipment | $19.0K | $6.3M | $34.0K |
| Cash used for investing activities | ($210.9M) | ($321.7M) | ($355.1M) |
| Proceeds from short-term borrowings | $1.7B | $2.0B | $394.6M |
| Proceeds from long-term borrowings | $12.9M | $0 | $950.6M |
| Repayments of borrowings | ($1.6B) | ($1.5B) | ($867.2M) |
| Proceeds from equity issuance | 700.0M | 200.0M | — |
| Repayments of lease liabilities | ($16.3M) | ($11.0M) | ($12.5M) |
| Transaction costs | ($33.3M) | — | — |
| Cash provided by financing activities | $768.7M | $687.5M | $445.1M |
| Effect of foreign exchange rate changes on cash and cash equivalents | $20.3M | $111.3M | ($20.4M) |
| Net decrease in cash and cash equivalents | ($271.7M) | ($20.6M) | ($100.0M) |
| Cash and cash equivalents at the beginning of the period | $1.2B | $739.2M | $768.9M |
| Cash and cash equivalents at the end of the period | $887.6M | $718.6M | $668.9M |
Polestar Automotive Holding UK PLC ADR score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.