Polestar Revenue Climbs 50% to $3.06bn While Net Loss Widens 15%
Polestar’s 2025 revenue surged 50.3% to $3.06 billion on 60,119 retail vehicle sales and a rise in carbon credit revenue to $211 million. However, net loss widened 15% to $2.36 billion as operating loss grew and impairment charges reached $1.05 billion.
1. Full-Year Financial Results
Polestar reported full-year 2025 revenue of $3.06 billion, up 50.3% year-over-year, driven by 60,119 retail vehicle sales. The operating loss expanded 10.8% to $2.0 billion, while net loss increased 15% to $2.36 billion, largely due to $1.05 billion in net impairment charges.
2. Q4 Operational Performance
In the fourth quarter, revenue climbed 54.3% to $887 million and retail sales rose 27.3% to 15,608 vehicles. Quarterly net loss narrowed 32.5% to $799 million from $1.18 billion a year earlier, indicating improving cost efficiency.
3. Growth Drivers
Revenue growth was fueled by Polestar’s shift to an active selling model, expansion of its retail network and introduction of higher-priced Polestar 3 and Polestar 4 models. Carbon credit sales jumped to $211 million from $11 million, providing an additional boost to top-line results.
4. 2026 Outlook and Expansion Plans
Polestar plans to grow its sales points by 20% in 2026 and launch four new models over the next three years. Management aims to improve model mix, sustain cost reductions and maintain financial discipline despite challenging market conditions.