Polestar Automotive UK Financial Statements
NASDAQ: PSNYIndustrialsAuto ManufacturingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Polestar Automotive UK revenue and earnings
In fiscal 2024, Polestar Automotive UK generated $2.03 billion in revenue, down 14.1% from fiscal 2023, its first annual decline since 2023. Polestar Automotive UK reported a net loss of $2.05 billion, compared with a loss of $1.18 billion a year earlier. Gross margin was -43.1% (down from -17.3%) and operating margin -89.1%.
Diluted earnings per share came in at -$0.97. Over the last 4 fiscal years, PSNY's revenue has grown at a 35.1% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Polestar Automotive UK income statement (annual)
| Fiscal year (USD) | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 |
|---|---|---|---|---|---|
| Revenue | 2.03B | 2.37B | 2.44B | 1.34B | 610.25M |
| Revenue growth (YoY) | -14.10% | -2.98% | +81.66% | +120.18% | — |
| Cost of Revenue | 2.91B | 2.78B | 2.34B | 1.33B | 553.72M |
| Gross Profit | -876.17M | -410.14M | 101.12M | 11.06M | 56.52M |
| Operating Expenses | 937.14M | 1.06B | 1.29B | 960.13M | 440.49M |
| Research & Development | 38.35M | 157.28M | 174.92M | 234.02M | 183.85M |
| Selling, General & Admin | 890.70M | 944.18M | 840.15M | 686.96M | 314.93M |
| Operating Income | -1.81B | -1.47B | -1.29B | -960.64M | — |
| Interest Expense | 393.79M | 213.24M | 108.40M | 45.22M | 34.03M |
| Pretax Income | -2.06B | -1.19B | -449.26M | -972.88M | -471.32M |
| Income Tax | -9.17M | -9.45M | 29.76M | -3.08M | 13.54M |
| Net Income | -2.05B | -1.18B | -479.02M | -969.81M | -484.86M |
| Net Income growth (YoY) | — | — | — | — | — |
| EPS (Basic) | -0.97 | -0.56 | -0.24 | -0.51 | -0.29 |
| EPS (Diluted) | -0.97 | -0.56 | -0.24 | -0.51 | -0.29 |
| Shares Outstanding (Basic) | 2.11B | 2.11B | 2.03B | 1.91B | 1.68B |
| Shares Outstanding (Diluted) | 2.11B | 2.11B | 2.03B | 1.91B | 1.68B |
| EBITDA | -1.76B | -1.35B | -1.15B | -749.06M | — |
| Gross Margin | -43.07% | -17.32% | 4.14% | 82.00% | 9.26% |
| Operating Margin | -89.14% | -62.05% | -52.71% | -71.50% | — |
| Net Margin | -100.77% | -49.91% | -19.63% | -72.18% | -79.45% |
This table shows 5 annual periods of Polestar Automotive UK's income statement, from FY 2024 back to FY 2020, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow PSNY's reporting calendar. What is a income statement?