Polar Power Inc (POLA) - Net Assets
Based on the latest financial reports, Polar Power Inc (POLA) has net assets worth $2.39 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.45 Million) and total liabilities ($9.06 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. For live market cap and overall valuation, see market value of Polar Power Inc.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.39 Million |
| % of Total Assets | 20.88% |
| Annual Growth Rate | -17.57% |
| 5-Year Change | -99.38% |
| 10-Year Change | -99.39% |
| Growth Volatility | 279.63 |
Polar Power Inc - Net Assets Trend (2014–2025)
This chart illustrates how Polar Power Inc's net assets have evolved over time, based on quarterly financial data.
Annual Net Assets for Polar Power Inc (2014–2025)
The table below shows the annual net assets of Polar Power Inc from 2014 to 2025. See how leveraged is Polar Power Inc's balance sheet to measure how much of total assets are equity-financed.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $144.00K | -98.31% |
| 2024-12-31 | $8.51 Million | -35.46% |
| 2023-12-31 | $13.19 Million | -27.46% |
| 2022-12-31 | $18.18 Million | -21.80% |
| 2021-12-31 | $23.25 Million | +102.33% |
| 2020-12-31 | $11.49 Million | -37.47% |
| 2019-12-31 | $18.38 Million | -17.90% |
| 2018-12-31 | $22.38 Million | -2.19% |
| 2017-12-31 | $22.88 Million | -3.25% |
| 2016-12-31 | $23.65 Million | +949.18% |
| 2015-12-31 | $2.25 Million | +86.96% |
| 2014-12-31 | $1.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Polar Power Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 101881.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $39.61 Million | 27509.03% |
| Total Equity | $144.00K | 100.00% |
Polar Power Inc Competitors by Market Cap
The table below lists competitors of Polar Power Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dogness International Corp Class A
NASDAQ:DOGZ
|
$5.55 Million |
|
Pulmatrix Inc
NASDAQ:PULM
|
$5.55 Million |
|
Cycurion, Inc.
NASDAQ:CYCU
|
$5.55 Million |
|
Harris Technology Group Ltd
AU:HT8
|
$5.55 Million |
|
Polar Capital Global Healthcare Trust plc
LSE:PCGH
|
$5.55 Million |
|
Thai Ha Public Company Limited
BK:KASET
|
$5.55 Million |
|
Bri-Chem Corp.
TO:BRY
|
$5.55 Million |
|
Highfield Resources Ltd
F:23H
|
$5.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Polar Power Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,512,000 to 144,000, a change of -8,368,000 (-98.3%).
- Net loss of 9,133,000 reduced equity.
- New share issuances of 757,000 increased equity.
- Other factors increased equity by 8,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-9.13 Million | -6342.36% |
| Share Issuances | $757.00K | +525.69% |
| Other Changes | $8.00K | +5.56% |
| Total Change | $- | -98.31% |
Book Value vs Market Value Analysis
This analysis compares Polar Power Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 25.41x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 8.03x to 25.41x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $0.18 | $1.44 | x |
| 2015-12-31 | $0.23 | $1.44 | x |
| 2016-12-31 | $3.13 | $1.44 | x |
| 2017-12-31 | $2.26 | $1.44 | x |
| 2018-12-31 | $2.21 | $1.44 | x |
| 2019-12-31 | $1.81 | $1.44 | x |
| 2020-12-31 | $1.06 | $1.44 | x |
| 2021-12-31 | $1.83 | $1.44 | x |
| 2022-12-31 | $1.41 | $1.44 | x |
| 2023-12-31 | $1.01 | $1.44 | x |
| 2024-12-31 | $3.39 | $1.44 | x |
| 2025-12-31 | $0.06 | $1.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Polar Power Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6342.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -144.88%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 72.48x
- Recent ROE (-6342.36%) is below the historical average (-545.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 47.71% | 11.06% | 1.78x | 2.42x | $454.67K |
| 2015 | -1.48% | -0.49% | 1.43x | 2.12x | $-258.77K |
| 2016 | 18.61% | 19.31% | 0.86x | 1.13x | $2.04 Million |
| 2017 | -3.40% | -5.39% | 0.59x | 1.07x | $-3.07 Million |
| 2018 | -3.79% | -3.53% | 0.95x | 1.13x | $-3.09 Million |
| 2019 | -22.79% | -16.89% | 1.05x | 1.28x | $-6.03 Million |
| 2020 | -94.60% | -120.37% | 0.51x | 1.55x | $-12.02 Million |
| 2021 | -13.84% | -19.05% | 0.62x | 1.17x | $-5.54 Million |
| 2022 | -30.67% | -34.73% | 0.66x | 1.33x | $-7.40 Million |
| 2023 | -49.65% | -42.82% | 0.61x | 1.92x | $-7.87 Million |
| 2024 | -54.95% | -33.48% | 0.80x | 2.06x | $-5.53 Million |
| 2025 | -6342.36% | -144.88% | 0.60x | 72.48x | $-9.15 Million |
Industry Comparison
This section compares Polar Power Inc's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $474,775,675
- Average return on equity (ROE) among peers: -96.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Polar Power Inc (POLA) | $2.39 Million | 47.71% | 3.79x | $5.55 Million |
| Advent Technologies Holdings Inc (ADN) | $214.11 Million | -0.26% | 0.04x | $1.38 Million |
| Ads Tec Energy PLC (ADSE) | $-8.59 Million | 0.00% | 0.00x | $848.97 Million |
| Advanced Energy Industries Inc (AEIS) | $1.36 Billion | 10.89% | 0.87x | $10.92 Billion |
| Amprius Technologies Inc. (AMPX) | $59.80 Million | -61.50% | 0.80x | $1.54 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $215.37 Million | 1.62% | 0.58x | $58.14 Million |
| Atkore International Group Inc (ATKR) | $1.40 Billion | -1.09% | 1.04x | $3.16 Billion |
| Acuity Brands Inc (AYI) | $1.67 Billion | 19.31% | 0.74x | $8.75 Billion |
| Bloom Energy Corp (BE) | $-167.86 Million | 0.00% | 0.00x | $64.16 Billion |
| CBAK Energy Technology Inc (CBAT) | $2.20 Million | -977.69% | 68.74x | $65.53 Million |
| CCSC Technology International Holdings Limited Ordinary Shares (CCTG) | $5.99 Million | 41.19% | 1.15x | $2.20 Million |
About Polar Power Inc
Polar Power, Inc. designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States, Canada, Australia, the South Pacific Islands, Asia, Europe, the Middle East, the United Kingdom, and South Africa. The company offers DC base power systems, DC hybrid power systems, and DC solar hybrid power systems; and mobile power systems. It also… Read more