Polestar (PSNY)
Builds premium electric vehicles through an asset-light Volvo and Geely-backed operating model.
$7.58
vs last close−0.23 (−2.94%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 613 | 534 | 345 | 573 | 564 | 564 | 711 | 711 | 818 | 818 | 633 | 680 |
| Cost of revenue | 610 | 955 | 376 | 571 | 989 | 989 | 701 | 701 | 845 | 845 | 653 | 738 |
| Gross profit | 4 | −434 | −31 | 2 | −424 | −424 | 10 | 10 | −27 | −27 | −20 | −58 |
| 265 | 311 | 201 | 236 | 250 | 250 | 558 | 558 | 430 | 430 | −20 | 256 | |
| Research & development | 55 | 21 | 12 | 12 | 8 | 8 | 16 | 16 | 23 | 23 | 0 | 8 |
| 236 | 259 | 212 | 226 | 226 | 226 | 216 | 216 | 213 | 213 | 0 | 215 | |
| General & administrative | 236 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other expenses | −26 | 30 | −23 | −1 | 250 | 16 | 327 | 327 | 194 | 194 | −20 | 33 |
| Operating income | −261 | −745 | −232 | −235 | −674 | −674 | −548 | −548 | −457 | −457 | −314 | −314 |
| 108 | 36 | −39 | −19 | 674 | −94 | −70 | −70 | −105 | −105 | −104 | −104 | |
| Interest income | 9 | 11 | 3 | 2 | 28 | 13 | 93 | 0 | 0 | 0 | 0 | 0 |
| Interest expense | 63 | 53 | 127 | 75 | 86 | 48 | 37 | 91 | 93 | 93 | 0 | 0 |
| Other non-operating income | −172 | −56 | −87 | −56 | −91 | −16 | −344 | −344 | −192 | −192 | −37 | −37 |
| Income before tax | −153 | −709 | −271 | −253 | −768 | −768 | −618 | −618 | −562 | −562 | −419 | −419 |
| Income tax expense | 3 | 17 | 3 | 14 | −11 | −15 | 1 | 22 | 20 | 20 | 3 | 3 |
| Net income from continuing operations | −155 | −726 | −274 | −267 | 11 | −753 | −619 | −640 | −582 | −582 | −421 | −421 |
| Other adjustments | 0 | 0 | 0 | 0 | −334 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −155 | −726 | −274 | −267 | −323 | −755 | −597 | −597 | −582 | −582 | −383 | −421 |
| EPS, basic | −$2.21 | −$10.20 | −$3.90 | −$3.90 | −$4.50 | −$10.80 | −$8.40 | −$8.40 | −$5.08 | −$5.08 | −$4.14 | −$3.18 |
| EPS, diluted | −$2.21 | −$10.20 | −$3.90 | −$3.90 | −$4.50 | −$10.80 | −$8.40 | −$8.40 | −$5.08 | −$5.08 | −$4.14 | −$3.18 |
| Weighted average shares, basic | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 115 | 115 | 93 | 133 |
| Weighted average shares, diluted | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 115 | 115 | 93 | 133 |
| EBITDA | −45 | −675 | −144 | −243 | 642 | −655 | −202 | −202 | −259 | −259 | −277 | −277 |
| Depreciation & amortization | 44 | 14 | 24 | 2 | 29 | 4 | 2 | 2 | 5 | 5 | 1 | 1 |
| EBIT | −89 | −689 | −144 | −245 | 612 | −659 | −204 | −204 | −264 | −264 | −278 | −278 |
