Polestar's Q1 2025 results show strong sales and revenue growth with improvements in gross margin and cost efficiency. However, challenges such as paused financial guidance, significant net loss for 2024, and concerns over tariffs in the U.S. market create a mixed outlook.

Company Guidance

In the Polestar Q1 2025 results conference call, the company highlighted significant achievements and strategic initiatives. Retail sales increased by 76% compared to the previous year, and revenue grew by 84%, driven by strong sales of Polestar 3 and 4 models. The company reported a positive gross margin of 7%, reflecting a 15 percentage point improvement. Polestar aims to grow its sales points by 75% by 2026 and has expanded them by 33% in Q1 2025, excluding China. Despite the challenges posed by geopolitical uncertainties and tariffs, Polestar reaffirmed its growth target of 30% to 35% per annum between 2025 and 2027. The company is also focused on reducing costs, improving operational efficiencies, and leveraging its partnerships with GG Group and Volvo Cars. With a cash position of $732 million and secured funding facilities, Polestar is actively pursuing further capital raising to support its growth initiatives.

Strong Revenue and Sales Growth

Polestar reported a 76% increase in retail sales and an 84% growth in revenue for Q1 2025 compared to the previous year, driven by sales of Polestar 3 and 4.

Positive Gross Margin Achievement

The company achieved a positive gross margin of 7%, which is a 15 percentage point improvement from the previous year.

Expansion of Dealer Network

Polestar grew its sales points by 33% year-on-year, excluding China, and plans to increase sales points by 75% by 2026.

Improvements in Cost Efficiency

The company reported significant fixed cost reductions and improved adjusted EBITDA loss by 46% to $115 million.

Polestar 3 and 4 Performance

Polestar 3 achieved a five-star Euro NCAP rating and Polestar 4 won 'Car of the Year' in South Korea, with production in South Korea expected to start in the second half of the year.

Polestar Automotive Holding UK (PSNY) Earnings, Revenues Date & History

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PSNY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 28, 2025	2025 (Q2)	-0.13 / -	-0.144	―	―	―
May 12, 2025	2025 (Q1)	-0.14 / -0.09	-0.13	32.31% (+0.04)	―
Feb 27, 2025	2024 (Q4)	-0.21 / -	-0.33	―	―	―
Nov 08, 2024	2024 (Q3)	-0.15 / -0.16	-0.072	-122.22% (-0.09)	―	―
Aug 29, 2024	2024 (Q2)	- / -0.14	-0.14	2.86% (<+0.01)	―
Jul 02, 2024	2024 (Q1)	-0.17 / -0.14	-0.14	-2.86% (>-0.01)	―
Mar 07, 2024	2023 (Q4)	-0.16 / -0.15	-0.24	36.25% (+0.09)	―	―
Nov 08, 2023	2023 (Q3)	-0.15 / -0.07	-0.14	48.57% (+0.07)
Aug 31, 2023	2023 (Q2)	-0.13 / -0.14	―	―
May 11, 2023	2023 (Q1)	-0.12 / -0.01	-0.096	89.58% (+0.09)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PSNY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 12, 2025	$1.09	$1.09	0.00%
Feb 27, 2025	$1.11	$1.11	0.00%
Nov 08, 2024	$1.26	$1.23	-2.38%
Aug 29, 2024	$0.94	$1.07	+13.83%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.