Polestar demonstrated strong revenue and sales growth in Q1 2025, alongside significant margin improvements and successful product launches. However, challenges remain with high net losses, cash burn issues, and uncertainties due to international tariffs, leading to a pause in financial guidance for 2025.

Company Guidance

During the Polestar Q1 2025 results conference call, the company reported a 76% year-on-year increase in retail sales and an 84% growth in revenue, driven by sales of Polestar 3 and 4. The gross margin improved by 15 percentage points, reaching a positive 7%, alongside significant fixed cost reductions and improved net loss and adjusted EBITDA. The company plans to expand sales points by 75% by 2026, having already increased them by 33% in Q1. Polestar aims for 30% to 35% annual growth from 2025 to 2027 but has paused its 2025 financial guidance due to geopolitical uncertainties. Cash flow improvements are also a focus, with a closing cash position of $732 million and secured facilities worth over $900 million.

Significant Revenue Growth

Polestar reported an 84% increase in revenue for Q1 2025, driven by the sales of Polestar 3 and 4 models.

Strong Retail Sales Performance

Retail sales increased by 76% year-on-year for Q1 2025 compared to the previous year.

Positive Gross Margin Achieved

Polestar achieved a positive gross margin of 7%, marking a significant improvement with a 15% point swing.

Cost Reductions and Operational Efficiencies

Polestar reported significant fixed cost reductions and improvements in net loss and adjusted EBITDA.

Expansion of Dealer Network

Polestar grew its sales points by 33% year-on-year in Q1 2025, excluding China, as part of its commercial transformation strategy.

Product Success and Awards

Polestar 3 achieved a five-star Euro NCAP rating and Polestar 4 won 'Car of the Year' in South Korea, with production set to start in South Korea 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
May 07, 2026	2026 (Q1)	- / -	-0.088	―	―	―
Aug 28, 2025	2025 (Q2)	-0.12 / -	-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	―	―

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
Aug 28, 2025	$1.30	$1.29	-0.77%
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%

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.