Polestar Automotive Holding UK PLC income statement PSNY
In fiscal 2024, which ended Dec 31, 2024, Polestar Automotive Holding UK PLC reported revenue of $2.0 billion, down 14.1% from the year before. It recorded a net loss of $2.0 billion. The operating loss came to $1.8 billion, an operating margin of -89.1%. Diluted earnings per share were -$0.97.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
|---|---|---|---|
| Revenue |
2,034
-14.1%
|
2,368
-3.0%
|
2,441
|
| Cost of revenue |
2,910
+4.8%
|
2,778
+18.7%
|
2,340
|
| Gross profit |
-876
-113.6%
|
-410
-505.6%
|
101
|
| Research and development |
38
-75.6%
|
157
-10.1%
|
175
|
| Selling, general and administrative |
891
-5.7%
|
944
+12.4%
|
840
|
| Operating income |
-1,813
-23.4%
|
-1,470
|
—
|
| Pretax income |
-2,059
-72.8%
|
-1,191
-165.2%
|
-449
|
| Income tax |
-9
+3.0%
|
-9
-131.8%
|
30
|
| Net income |
-2,050
-73.4%
|
-1,182
-146.7%
|
-479
|
| Basic EPS |
-0.97
-73.2%
|
-0.56
-133.3%
|
-0.24
|
| Diluted EPS |
-0.97
-73.2%
|
-0.56
-133.3%
|
-0.24
|
| Weighted average shares, basic |
2,110
+0.0%
|
2,110
+4.1%
|
2,027
|
| Weighted average shares, diluted |
2,110
+0.0%
|
2,110
+4.1%
|
2,027
|
| Other measures | |||
| Depreciation and amortization |
56
-51.7%
|
115
-18.0%
|
141
|
| EBITDA |
-1,758
-29.8%
|
-1,354
|
—
|
| Interest coverage |
-4.60x
|
-6.89x
|
—
|
| Margins | |||
| Gross margin |
-43.07%
|
-17.32%
|
4.14%
|
| Operating margin |
-89.14%
|
-62.05%
|
—
|
| Pretax margin |
-101.22%
|
-50.31%
|
-18.41%
|
| Profit margin |
-100.77%
|
-49.91%
|
-19.63%
|
| EBITDA margin |
-86.40%
|
-57.18%
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
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Company profile
- Industry
- Motor Vehicles & Passenger Car Bodies (SIC 3711)
- Listed as
- PSNY (Nasdaq), PSNYW (Nasdaq), PLSAY (OTC)
- Fiscal year ends
- December 31
- Incorporated in
- United Kingdom
- Headquarters
- Goteborg, Sweden
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1884082
- Former names
- Polestar Automotive Holding UK Ltd (until Apr 21, 2022)
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.