Polestar Automotive Holding UK PLC Class A ADS (PSNY) financial statements
Polestar Automotive Holding UK PLC Class A ADS reported revenue of $2.0B in fiscal 2024, up 35.1% a year over 4 years.
Net income was -$2.0B.
Free cash flow was -$1.3B.
The diluted share count rose 26% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Polestar Automotive Holding UK PLC Class A ADS's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $610M | $1.3B | $2.4B | $2.4B | $2.0B |
| Cost of revenue | $554M | $1.3B | $2.3B | $2.8B | $2.9B |
| Gross profit | $57M | $11M | $101M | -$410M | -$876M |
| Research and development | $184M | $234M | $175M | $157M | $38M |
| Selling, general and admin | $315M | $687M | $840M | $944M | $891M |
| Operating income | — | -$961M | -$1.3B | -$1.5B | -$1.8B |
| Interest expense | $34M | $45M | $108M | $213M | $394M |
| Pre-tax income | -$471M | -$973M | -$449M | -$1.2B | -$2.1B |
| Income tax | $14M | -$3M | $30M | -$9M | -$9M |
| Net income | -$485M | -$970M | -$479M | -$1.2B | -$2.0B |
| EPS (diluted) | -$0.29 | -$0.51 | -$0.24 | -$0.56 | -$0.97 |
| Diluted shares | 1.68B | 1.91B | 2.03B | 2.11B | 2.11B |
| Gross margin | 9.3% | 0.8% | 4.1% | -17.3% | -43.1% |
| Operating margin | — | -71.5% | -52.7% | -62.1% | -89.1% |
| Net margin | -79.5% | -72.2% | -19.6% | -49.9% | -100.8% |
Balance sheet
Fiscal years, from Polestar Automotive Holding UK PLC Class A ADS's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Cash and short-term investments | $316M | $757M | $974M | $768M | $739M |
| Receivables | — | $158M | $241M | $127M | $152M |
| Inventory | — | $546M | $630M | $928M | $1.1B |
| Total current assets | — | $1.6B | $2.1B | $2.3B | $2.3B |
| Property, plant and equipment | — | $208M | $352M | $476M | $538M |
| Total assets | — | $3.3B | $4.0B | $4.3B | $4.1B |
| Total current liabilities | — | $3.0B | $3.2B | $3.6B | $4.7B |
| Total liabilities | — | $3.2B | $4.1B | $5.5B | $7.4B |
| Shareholders' equity | -$603M | -$184M | $90M | -$1.3B | -$3.3B |
| Net debt | -$316M | -$114M | $353M | $1.3B | $1.8B |
Cash flow
Fiscal years, from Polestar Automotive Holding UK PLC Class A ADS's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Operating cash flow | -$57M | -$324M | -$1.1B | -$1.9B | -$991M |
| Capital spending | $244M | $127M | $707M | $573M | $357M |
| Free cash flow | -$301M | -$451M | -$1.8B | -$2.5B | -$1.3B |
| Net borrowing | — | -$412M | -$1.4B | -$1.2B | -$2.0B |
| Free cash flow margin | -49.3% | -33.6% | -73.2% | -104.2% | -66.3% |
Questions
What was Polestar Automotive Holding UK PLC Class A ADS's revenue in 2024?
$2.0B in fiscal 2024, from its 10-K filing.
How much free cash flow does Polestar Automotive Holding UK PLC Class A ADS generate?
-$1.3B in fiscal 2024 (operating cash flow minus capital spending).
From Polestar Automotive Holding UK PLC Class A ADS's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.