Polestar Automotive Holding UK PLC (PSNY) Income Statement
PSNY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPSNY revenue and net income
Where PSNY's revenue goes
2025Each bar shows an amount and its share of revenue. PSNY kept −77.1% of revenue as net income.
PSNY profit margins
PSNY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +50.3% | +7.8% | +38.0% | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PSNY quarterly EPS vs estimates
Polestar Automotive Holding UK beat the analyst EPS estimate in 2 of the last 8 quarters.
PSNY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.06B | $2.03B | $2.37B | $2.44B | $1.34B | $610.2M | $92.4M |
| Cost of revenue | $4.14B | $2.91B | $2.78B | $2.34B | $1.34B | $553.7M | $39.8M |
| Gross profit | −$1.08B | −$876.2M | −$410.1M | $119.4M | $11.1M | $56.5M | $52.6M |
| Research & development | $77.6M | $38.4M | $157.3M | $171.0M | $234.0M | $183.8M | $34.4M |
| Sales, general & admin | $813.8M | $890.7M | $944.2M | $864.6M | $742.5M | $314.9M | $210.6M |
| Total operating expenses | $902.6M | $937.1M | $3.89B | $1.03B | $971.7M | $499.5M | $244.5M |
| Operating income | −$1.99B | −$1.81B | −$1.52B | −$914.0M | −$960.6M | −$440.5M | −$191.9M |
| Interest income | $7.6M | $21.1M | $32.3M | $8.6M | $1.4M | $3.2M | $13.3M |
| Interest expense | $375.2M | $335.4M | $205.7M | $77.5M | $45.2M | $26.5M | $21.2M |
| Income before taxes | −$2.36B | −$2.06B | −$1.19B | −$449.0M | −$1.01B | −$471.3M | −$196.0M |
| Income taxes | −$3.7M | −$9.2M | — | $29.8M | −$3.1M | $13.5M | $2.0M |
| Net income | −$2.36B | −$2.05B | −$1.18B | −$479.0M | −$1.01B | −$484.9M | −$198.0M |
| EBITDA | −$1.93B | −$1.67B | −$870.2M | −$229.5M | −$716.1M | −$226.9M | −$148.3M |
| EPS (diluted) | −$1.21 | −$11.32 | −$7.99 | −$0.48 | −$0.82 | −$15.46 | — |
| Gross margin | −35.4% | −43.1% | −17.3% | 4.9% | 0.8% | 9.3% | 56.9% |
| Operating margin | −65.0% | −89.1% | −64.3% | −37.4% | −71.5% | −72.2% | −207.7% |
| Net margin | −77.1% | −100.8% | −49.9% | −19.6% | −75.0% | −79.5% | −214.2% |
| Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $680.0M | $633.0M | $817.8M | $711.3M | $711.3M | $564.2M | $572.6M | $345.3M | $533.2M | $613.2M | $685.2M | $546.0M |
| Cost of revenue | $738.0M | $653.0M | $845.0M | $701.1M | $701.1M | $988.7M | $570.9M | $376.2M | $969.2M | $609.6M | $686.1M | $527.6M |
| Gross profit | −$58.0M | −$20.0M | −$27.2M | $10.2M | $10.2M | −$424.4M | $1.7M | −$30.8M | −$436.0M | $3.6M | −$810,000 | $18.4M |
| Research & development | $7.7M | $23.2M | $23.2M | $15.6M | $15.6M | $7.5M | $11.6M | $11.8M | $22.2M | $54.9M | $45.6M | $35.7M |
| Sales, general & admin | — | — | — | — | — | — | $225.7M | $212.1M | $264.8M | $236.2M | $259.6M | $189.0M |
| Total operating expenses | $256.5M | −$20.0M | $429.6M | $558.0M | $558.0M | $250.0M | $236.3M | $200.8M | $292.2M | $264.8M | $273.5M | $217.8M |
| Operating income | −$314.4M | −$314.4M | −$456.8M | −$547.8M | −$547.8M | −$674.4M | −$234.6M | −$231.7M | −$728.2M | −$261.2M | −$274.4M | −$199.4M |
| Interest income | — | — | — | — | — | — | $2.3M | $3.3M | $10.8M | $9.0M | $7.0M | $8.5M |
| Interest expense | — | $92.6M | $92.6M | $91.2M | $37.0M | $85.5M | $74.8M | $126.7M | $59.4M | $63.4M | $64.4M | $30.2M |
| Income before taxes | −$418.6M | −$418.6M | −$562.2M | −$618.3M | −$618.3M | −$768.3M | −$253.3M | −$271.0M | −$720.5M | −$152.8M | −$301.4M | −$6.6M |
| Income taxes | $2.6M | $2.6M | $19.9M | $21.7M | $1.0M | −$11.0M | $13.7M | $3.3M | −$15.6M | $2.6M | $2.6M | $2.4M |
| Net income | −$421.2M | −$383.0M | −$582.1M | −$596.5M | −$596.5M | −$323.1M | −$267.0M | −$274.3M | −$704.9M | −$155.4M | −$304.1M | −$9.0M |
| EBITDA | −$271.8M | −$224.8M | −$254.3M | −$202.0M | −$202.0M | $641.6M | −$243.4M | −$143.8M | −$588.0M | −$45.0M | −$211.9M | $34.1M |
| EPS (diluted) | — | — | $0.00 | −$0.49 | −$0.72 | −$0.16 | −$10.85 | −$0.17 | −$0.17 | −$4.52 | −$0.14 | −$3.16 |
| Gross margin | −8.5% | −3.2% | −3.3% | 1.4% | 1.4% | −75.2% | 0.3% | −8.9% | −81.8% | 0.6% | −0.1% | 3.4% |
| Operating margin | −46.2% | −49.7% | −55.9% | −77.0% | −77.0% | −119.5% | −41.0% | −67.1% | −136.6% | −42.6% | −40.0% | −36.5% |
| Net margin | −61.9% | −60.5% | −71.2% | −83.9% | −83.9% | −57.3% | −46.6% | −79.4% | −132.2% | −25.3% | −44.4% | −1.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PSNY's financial statements (latest annual report filed April 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PSNY financial results
In fiscal year 2025 (ended December 31, 2025), Polestar Automotive Holding UK reported revenue of $3.1 billion, up 50.3% from the year before. It had a net loss of $2.4 billion, a net profit margin of −77.1%. Diluted earnings per share came to −$1.21. Over five years revenue grew at an average rate of 38.0% a year.
See the PSNY stock overview for the latest quote and news, or the PSNY chart for price history and technical indicators.
PSNY income statement FAQ
What is Polestar Automotive Holding UK's annual revenue?
Polestar Automotive Holding UK reported total revenue of $3.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 50.3% from $2.0 billion the previous year.
Is Polestar Automotive Holding UK profitable?
No. Polestar Automotive Holding UK reported a net loss of $2.4 billion in fiscal 2025, a net profit margin of −77.1%; its operating margin was −65.0%.
What is Polestar Automotive Holding UK's gross margin?
Polestar Automotive Holding UK's gross margin was −35.4% in fiscal 2025: for every $100 of revenue, Polestar Automotive Holding UK kept $-35 after the direct cost of its products and services.
How much does Polestar Automotive Holding UK spend on research and development?
Polestar Automotive Holding UK spent $77.6 million on research and development in fiscal 2025, 2.5% of revenue.
How fast is Polestar Automotive Holding UK growing?
Revenue grew 38.0% a year on average over the last five fiscal years, from $610.2 million to $3.1 billion.
What are Polestar Automotive Holding UK's earnings per share?
Polestar Automotive Holding UK earned $-1.21 per diluted share in fiscal 2025, compared with $-11.32 a year earlier.
When does Polestar Automotive Holding UK's fiscal year end?
Polestar Automotive Holding UK's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 17, 2026.