PSNY Polestar Automotive Holding UK PLC
Polestar Automotive Holding UK PLC operates in the Motor Vehicles & Passenger Car Bodies industry.
On the Wire · latest 2
The numbers · FY2024, filed
SEC EDGARAll filed figures
Snapshot
SEC EDGAR · FY 2024-12-31Revenue by fiscal year
Operating leverage — margins
Financials, annual · income and cash flowSEC EDGAR · open ▸
Financials — annual
SEC EDGAR · last 5 FY · tap a row to explain it| USD | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|---|
| Revenue | $610.2M | $1.3B | $2.4B | $2.4B | $2.0B |
| Gross Profit | $56.5M | $11.1M | $101.1M | $-410.1M | $-876.2M |
| Operating Income | — | $-960.6M | $-1.3B | $-1.5B | $-1.8B |
| Net Income | $-484.9M | $-969.8M | $-479.0M | $-1.2B | $-2.0B |
| Diluted EPS | $-0.29 | $-0.51 | $-0.24 | $-0.56 | $-0.97 |
| Operating Cash Flow | $-57.0M | $-324.1M | $-1.1B | $-1.9B | $-991.2M |
| Free Cash Flow | $-106.6M | $-348.8M | $-1.1B | $-2.0B | $-1.1B |
PSNY story timeline
Company updates and connected market context, with the dated price move attached.
Polestar Q2 2026 sales decline as U.S. market ban persists; -43% gross margins
Polestar reported slipping Q2 2026 sales as a U.S. market ban continues to weigh on volumes, adding to an already severe financial profile marked by -43% gross margins and -101% net margins. The combination of regulatory exclusion from the world's second-largest EV market and deeply negative unit economics creates a structurally challenged setup with limited near-term catalysts.
Trump administration bars Polestar from US EV sales, citing Chinese ownership
The Trump administration's Department of Commerce has denied Polestar a special authorization to continue selling its Chinese-owned EVs in the US market, effectively barring the brand from US sales. This removes what was already a marginal revenue stream for a deeply unprofitable automaker whose gross margins are -43% and revenues are already shrinking 14% year-over-year.
Fundamentals sourced from SEC EDGAR filings (public domain). For informational purposes only. Not investment advice.