Overview
- Polestar, which reported results Friday, said fourth-quarter revenue rose 54% to $887 million as adjusted gross margin turned positive at 1.9% and the quarterly net loss narrowed to $799 million.
- For 2025, revenue reached $3.06 billion on 60,119 retail deliveries, yet the net loss widened to about $2.36 billion after a $1.05 billion impairment on assets.
- Cash stood near $1.16 billion at year-end, and since mid-2025 the company raised $1.2 billion in new equity, converted about $600 million of debt to shares, and secured a three-year extension on Volvo Cars’ $726 million loan.
- Management cut costs and trimmed headcount to 1,686 employees, increased its sales presence in Europe, and boosted results with carbon credit sales that brought in $88 million in Q4 and $211 million for the year.
- The company kept a low double-digit retail growth target for 2026 and flagged tougher conditions tied to tariffs and geopolitics, while shifting Polestar 3 production to Charleston to reduce U.S. import duties.