Tearsheet

Polar Power (POLA)


Market Price (1/24/2026): $1.71 | Market Cap: $4.3 Mil
Sector: Industrials | Industry: Electrical Components & Equipment

Polar Power (POLA)


Market Price (1/24/2026): $1.71
Market Cap: $4.3 Mil
Sector: Industrials
Industry: Electrical Components & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, Sustainable Infrastructure, and Hydrogen Economy. Themes include Battery Storage & Grid Modernization, Show more.
Weak multi-year price returns
2Y Excs Rtn is -75%, 3Y Excs Rtn is -161%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -7.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -90%
1   Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 133%
2   Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -44%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -12%, Rev Chg QQuarterly Revenue Change % is -74%
3   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.7%
4   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -197%
5   High stock price volatility
Vol 12M is 108%
6   Key risks
POLA key risks include [1] substantial doubt about its ability to continue as a going concern due to significant financial instability and [2] a heavy dependence on a single major customer for approximately half of its sales.
0 Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, Sustainable Infrastructure, and Hydrogen Economy. Themes include Battery Storage & Grid Modernization, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -75%, 3Y Excs Rtn is -161%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -7.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -90%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 133%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -44%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -12%, Rev Chg QQuarterly Revenue Change % is -74%
5 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.7%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -197%
7 High stock price volatility
Vol 12M is 108%
8 Key risks
POLA key risks include [1] substantial doubt about its ability to continue as a going concern due to significant financial instability and [2] a heavy dependence on a single major customer for approximately half of its sales.

Valuation, Metrics & Events

POLA Stock


Why The Stock Moved


Qualitative Assessment

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Polar Power (POLA) stock has lost about 45% since 9/30/2025 because of the following key factors:

1. Significant Decline in Sales and Substantial Net Loss in Q3 2025.

Polar Power reported a 74% year-over-year decline in net sales, totaling $1.3 million for the third quarter ended September 30, 2025, which significantly impacted its financial performance. This steep drop in sales, largely attributed to reduced demand from its largest U.S. telecommunications customer and lower international sales, led to a substantial net loss of $4.08 million for the quarter, a stark contrast to the $0.01 million net income in the prior year.

2. Major Inventory Write-downs and Unfavorable Gross Profit.

The company recorded $1.97 million in inventory write-downs during Q3 2025, primarily for slow-moving Toyota engines purchased during the COVID period due to long lead times. This, combined with the severe decline in sales, resulted in an unfavorable gross profit of $2.26 million and a gross loss as a percentage of net sales of (177.5)%, compared to a 29% gross profit in the same period last year.

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Stock Movement Drivers

Fundamental Drivers

The -46.0% change in POLA stock from 9/30/2025 to 1/23/2026 was primarily driven by a -30.4% change in the company's Total Revenues ($ Mil).
(LTM values as of)93020251232026Change
Stock Price ($)3.311.79-46.0%
Change Contribution By: 
Total Revenues ($ Mil)128-30.4%
P/S Multiple0.70.5-22.4%
Shares Outstanding (Mil)330.0%
Cumulative Contribution-46.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 1/23/2026
ReturnCorrelation
POLA-46.0% 
Market (SPY)3.5%-0.3%
Sector (XLI)6.5%0.1%

Fundamental Drivers

The 2.9% change in POLA stock from 6/30/2025 to 1/23/2026 was primarily driven by a 72.0% change in the company's P/S Multiple.
(LTM values as of)63020251232026Change
Stock Price ($)1.741.792.9%
Change Contribution By: 
Total Revenues ($ Mil)148-40.2%
P/S Multiple0.30.572.0%
Shares Outstanding (Mil)330.0%
Cumulative Contribution2.9%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 1/23/2026
ReturnCorrelation
POLA2.9% 
Market (SPY)11.9%6.5%
Sector (XLI)11.8%6.2%

Fundamental Drivers

The -44.1% change in POLA stock from 12/31/2024 to 1/23/2026 was primarily driven by a -44.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)123120241232026Change
Stock Price ($)3.201.79-44.1%
Change Contribution By: 
Total Revenues ($ Mil)158-44.3%
P/S Multiple0.50.50.6%
Shares Outstanding (Mil)33-0.1%
Cumulative Contribution-44.1%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2024 to 1/23/2026
ReturnCorrelation
POLA-44.1% 
Market (SPY)18.6%7.5%
Sector (XLI)25.9%7.3%

Fundamental Drivers

The -80.2% change in POLA stock from 12/31/2022 to 1/23/2026 was primarily driven by a -53.4% change in the company's P/S Multiple.
(LTM values as of)123120221232026Change
Stock Price ($)9.031.79-80.2%
Change Contribution By: 
Total Revenues ($ Mil)148-41.8%
P/S Multiple1.20.5-53.4%
Shares Outstanding (Mil)23-26.9%
Cumulative Contribution-80.2%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2022 to 1/23/2026
ReturnCorrelation
POLA-80.2% 
Market (SPY)86.9%7.8%
Sector (XLI)74.5%6.1%

Return vs. Risk


Price Returns Compared

 202120222023202420252026Total [1]
Returns
POLA Return-25%-64%-68%12%-48%20%-94%
Peers Return15%-23%69%41%44%21%273%
S&P 500 Return27%-19%24%23%16%1%84%

Monthly Win Rates [3]
POLA Win Rate25%42%33%50%33%100% 
Peers Win Rate62%40%58%60%65%100% 
S&P 500 Win Rate75%42%67%75%67%100% 

Max Drawdowns [4]
POLA Max Drawdown-26%-65%-68%-19%-48%-14% 
Peers Max Drawdown-7%-41%-9%-11%-30%-0% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-1% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: GNRC, ENS, VRT, CMI, AEIS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/23/2026 (YTD)

How Low Can It Go

Unique KeyEventPOLAS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-98.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven6622.3%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-70.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven242.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven73 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-77.3%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven340.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven424 days120 days

Compare to GNRC, ENS, VRT, CMI, AEIS

In The Past

Polar Power's stock fell -98.5% during the 2022 Inflation Shock from a high on 1/25/2021. A -98.5% loss requires a 6622.3% gain to breakeven.

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About Polar Power (POLA)

Polar Power, Inc. designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats. The company serves customers in the telecommunications, military, commercial, industrial, and marine markets. It sells its products through a direct sales force, and a network of independent service providers and dealers. The company was formerly known as Polar Products, Inc. and changed its name to Polar Power, Inc. in October 1991. Polar Power, Inc. was incorporated in 1979 and is based in Gardena, California.

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  • Generac for off-grid DC power systems.
  • A specialized Generac, providing robust DC power solutions for remote telecom towers and critical infrastructure.

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  • DC Generators: Diesel, natural gas, and propane-powered generators designed to provide direct current power for remote or grid-independent applications.
  • Integrated DC Power Systems: Complete, customizable power solutions that combine generators, batteries, solar inputs, and intelligent controls for various industrial and commercial needs.
  • Solar Hybrid Systems: Power systems that integrate solar photovoltaic technology with traditional generators to provide efficient, reliable, and often renewable energy solutions.

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Polar Power (POLA) primarily sells its products and services to other companies (B2B).

According to its annual report (10-K) for the fiscal year ended December 31, 2022, Polar Power has significant customer concentration: two customers accounted for approximately 73% and 13% of its revenue, respectively, totaling 86% of its revenue.

While Polar Power does not explicitly name these major customers in its public filings or recent investor presentations, it consistently refers to them as "Tier 1 Telecom Carriers" in its investor materials. Based on their market position and the types of solutions Polar Power provides (e.g., DC power systems for telecommunications infrastructure), these major customers likely include large telecommunications companies. It's important to note that these specific companies are probable based on their market and industry, rather than being directly named by Polar Power in its official documents.

The probable major customer companies include:

  • AT&T Inc. (Symbol: T)
  • Verizon Communications Inc. (Symbol: VZ)
  • T-Mobile US, Inc. (Symbol: TMUS)

Polar Power also serves other B2B segments such as military, commercial and industrial, and oil & gas; however, the revenue concentration figures indicate that the "Tier 1 Telecom Carriers" constitute their primary major customers.

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Arthur D. Sams, President, Chief Executive Officer and Chairman of the Board

Arthur D. Sams has served as Polar Power's President, Chief Executive Officer, and Chairman of the Board since August 1991, and as Secretary since October 2016. He is also the founder of Polar Power, Inc., established in 1979. Under his leadership, the company has become a prominent brand in designing and manufacturing DC power systems for various markets including telecommunications, military, automotive, marine, and industrial. Mr. Sams specializes in the design of thermodynamics and power generation systems. His early career involved extensive industry experience as a machinist, engineer, project manager, chief technical officer, and consultant for Fortune 500 companies, the U.S. Department of Defense, and the U.S. Department of Energy. He studied at California State Polytechnic University Pomona and the University of California at Irvine, with a dual major in biology and engineering.

Luis Zavala, Chief Financial Officer

Luis Zavala has served as Polar Power's Chief Financial Officer since April 2018, having previously been the Acting Chief Financial Officer from March 2016 to April 2018, and Vice President Finance from August 2009 to March 2016. Before joining Polar Power, Mr. Zavala was President of Sky Limited Enterprises, a general contractor, from June 2006 to August 2009. Prior to that, he served as Director of Finance for Legacy Long Distance International, a telecommunications and operator service provider company, from March 2001 to May 2006. Mr. Zavala has over 20 years of experience managing accounting and finance departments across various industries, including banking and telecommunications. He holds a Bachelor's Degree in Business Administration from California State University of Northridge and an MBA from Keller Graduate School of Management, Long Beach.

Balwinder Samra, Executive Vice President

Balwinder Samra holds the position of Executive Vice President at Polar Power, Inc.

Nilesh Singh, Regional Managing Director - Asia Pacific

Nilesh Singh serves as the Regional Managing Director - Asia Pacific for Polar Power, Inc.

Adam Szczepanek, Vice President of Business Development, North America

Adam Szczepanek is the Vice President of Business Development, North America at Polar Power.

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Key Risks to Polar Power (POLA)

Polar Power, Inc. (POLA) faces several significant risks to its business, primarily centered around its financial viability and market dynamics.

  1. Going Concern Risk

    The most dominant risk for Polar Power is the substantial doubt about its ability to continue as a going concern. Both the company's management and its independent auditors have expressed concerns regarding its capacity to meet future obligations within one year of the financial statements' issuance. The company recorded a net loss and consumed cash in operations in 2023, indicating significant financial instability. Furthermore, an Altman-Z score of -4.81 suggests a risk of bankruptcy. This financial distress is an "existential challenge" for the company.

  2. Customer Concentration and Market Dependence

    Polar Power is highly dependent on a limited number of customers. In 2023, approximately 50% of the company's total net sales came from its largest customer. Although this is a reduction from 66% in 2022, it still represents a substantial concentration risk. The company primarily operates within the telecommunications market, with smaller presences in military, electric vehicle charging, marine, and industrial sectors. This reliance on a specific customer and the telecommunications market makes Polar Power vulnerable to changes, downturns, or consolidation within that industry or loss of its major customer.

  3. Impact of Global Events and Supply Chain Disruptions

    Global economic and geopolitical events have significantly impacted Polar Power's operations. The COVID-19 pandemic, alongside inflation and international conflicts, has negatively affected the company's revenues, productivity, gross margins, and liquidity. These events have resulted in labor shortages, disruptions in the supply chain, and increased material costs, creating unexpected challenges related to product and delivery requirements.

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The increasing maturity and adoption of hydrogen fuel cell technology for remote, off-grid, and backup power applications. As fuel cells become more cost-effective and reliable, they present a direct alternative to Polar Power's diesel/hybrid generator-based DC power systems in key markets such as telecommunications, military, and critical infrastructure, offering advantages like lower emissions, reduced noise, and potentially lower maintenance requirements.

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Polar Power, Inc. (POLA) designs and manufactures direct current (DC) power generation and distribution systems, including solar hybrid power systems, DC gensets, and DC power modules, for various applications. The company's main markets include telecommunications, military, and marine sectors, and its products also support electric vehicle charging infrastructure.

The addressable markets for Polar Power's main products and services are sized as follows:

  • Global DC Power Systems Market: The global DC power systems market was valued at US$476.9 million in 2024 and is projected to reach US$635.9 million by 2030, growing at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030. Another estimate indicates the global DC power systems market is expected to reach USD 508.8 million in 2025 and grow to USD 813.2 million by 2035, at a CAGR of 4.8%. North America holds the largest share of this market.
  • Global DC Power System for Telecom Market: This market was valued at $5.2 billion in 2024 and is forecasted to reach $9.7 billion by 2033, exhibiting a robust CAGR of 7.1%. North America currently dominates the broader telecom power systems market, holding 35.7% of the market share in 2024, with the U.S. accounting for approximately 84.40% of the North American market.
  • Global Next Generation Military Power Supply Market: This market is anticipated to expand from $13.8 billion in 2024 to $22.2 billion by 2034, growing at a CAGR of approximately 4.9%. Another report estimated the market at USD 9.82 billion in 2023, expected to reach USD 18.04 billion by 2030, with a CAGR of 9.07% during 2024-2030. North America dominated this market in 2023.
  • Global Marine Power Systems Market: The marine power systems market size is forecast to increase by USD 3.42 billion, at a CAGR of 3.49% between 2023 and 2028.
  • Global DC Power Supplies Market (relevant to EV charging infrastructure): This market, which includes solutions for electric vehicle charging infrastructure, is poised at USD 447.4 billion in 2025 and is projected to reach USD 668.7 billion by 2035, expanding at a CAGR of 4.1%. The surge in electric vehicle adoption is a significant driver for this market.

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Polar Power, Inc. (POLA) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market opportunities:

  1. Expansion of Aftermarket Parts and Services: The company is actively focusing on enhancing operational efficiency and boosting sales in aftermarket parts and services. This segment contributed 28% to total net sales in Q1 2025 and saw a significant 288% increase in Q2 2025 compared to the same period in the prior year. Polar Power has also implemented a remote monitoring system on legacy units, a move expected to further increase future aftermarket revenues.
  2. Diversification into New Markets: Polar Power is strategically expanding into new markets, notably with the planned release of a 30 kW mobile EV charger during the fourth quarter of 2025. The company is also exploring solar hybrid DC power generation, aligning with the global push for sustainable energy solutions and diversifying its revenue streams beyond traditional markets.
  3. Continued Growth in Key End Markets (Telecom and Military): The telecommunications sector remains a dominant customer base for Polar Power's DC power systems, representing 82% of total sales in Q1 2025 and 92% in Q2 2025, indicating sustained demand. Concurrently, sales to military customers have shown robust growth, doubling in 2024 and increasing to 6% of total net sales in Q2 2025 from 3% in the same period of 2024.
  4. Leveraging Increased Manufacturing Capacity: Polar Power has improved its manufacturing capacity, which now enables potential revenue production exceeding $50 million annually. This enhanced capacity positions the company to meet higher order volumes as demand for its products increases across its existing and new markets.

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Capital Allocation Decisions of Polar Power (POLA)

Share Repurchases

  • Polar Power authorized a share repurchase program of up to $500,000 of its common stock in August 2019, which expired on February 28, 2020.
  • As of the trailing twelve months ended June 2025, there were no reported share repurchases.

Share Issuance

  • In February 2021, Polar Power completed a public offering of 750,000 shares of common stock at $18.00 per share, generating gross proceeds of $13,500,000.
  • In December 2023, the company closed a public offering of 4,600,000 shares of common stock at $0.40 per share, raising gross proceeds of $1,840,000.
  • In October 2025, Polar Power entered into an at-the-market (ATM) sales agreement to offer and sell up to $2,382,043 of common stock.

Capital Expenditures

  • In 2023, Polar Power indicated investments in state-of-the-art equipment, additions to manufacturing plant space, and employee training, aimed at improving gross margins and liquidity.
  • Proceeds from a December 2023 public offering were intended, in part, for capital expenditures.
  • For the six months ended June 30, 2024, the acquisition of property and equipment amounted to $18,000, compared to $194,000 for the same period in 2023.

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Peer Comparisons for Polar Power

Peers to compare with:

Financials

POLAGNRCENSVRTCMIAEISMedian
NamePolar Po.Generac EnerSys Vertiv Cummins Advanced. 
Mkt Price1.79173.01173.41182.49571.78262.19177.95
Mkt Cap0.010.16.569.778.99.910.0
Rev LTM84,3523,7259,69633,5811,7254,039
Op Inc LTM-84974901,7483,754155493
FCF LTM-14243271,3652,278153376
FCF 3Y Avg-24053251,0151,594119365
CFO LTM-15884351,5603,509235512
CFO 3Y Avg-25384291,1782,786188483

Growth & Margins

POLAGNRCENSVRTCMIAEISMedian
NamePolar Po.Generac EnerSys Vertiv Cummins Advanced. 
Rev Chg LTM-44.3%5.5%6.2%28.8%-1.8%17.2%5.8%
Rev Chg 3Y Avg-11.8%-1.4%1.8%21.4%9.4%0.4%1.1%
Rev Chg Q-74.1%-5.0%7.7%29.0%-1.6%23.8%3.0%
QoQ Delta Rev Chg LTM-30.4%-1.3%1.8%6.6%-0.4%5.4%0.7%
Op Mgn LTM-90.4%11.4%13.2%18.0%11.2%9.0%11.3%
Op Mgn 3Y Avg-48.1%10.6%11.5%15.3%10.4%7.7%10.5%
QoQ Delta Op Mgn LTM-56.4%-1.3%0.1%0.6%0.0%1.5%0.1%
CFO/Rev LTM-8.7%13.5%11.7%16.1%10.4%13.6%12.6%
CFO/Rev 3Y Avg-13.9%12.9%11.7%14.5%8.3%11.3%11.5%
FCF/Rev LTM-8.7%9.7%8.8%14.1%6.8%8.9%8.8%
FCF/Rev 3Y Avg-13.9%9.7%8.8%12.5%4.8%7.1%8.0%

Valuation

POLAGNRCENSVRTCMIAEISMedian
NamePolar Po.Generac EnerSys Vertiv Cummins Advanced. 
Mkt Cap0.010.16.569.778.99.910.0
P/S0.52.31.77.22.35.72.3
P/EBIT-0.622.614.945.718.958.220.8
P/E-0.532.519.267.429.668.031.0
P/CFO-6.217.114.944.722.541.919.8
Total Yield-192.9%3.1%5.8%1.6%4.7%1.6%2.4%
Dividend Yield0.0%0.0%0.6%0.1%1.3%0.2%0.1%
FCF Yield 3Y Avg-40.8%4.8%7.4%2.7%3.4%2.3%3.1%
D/E1.30.20.20.00.10.10.1
Net D/E1.30.10.10.00.1-0.00.1

Returns

POLAGNRCENSVRTCMIAEISMedian
NamePolar Po.Generac EnerSys Vertiv Cummins Advanced. 
1M Rtn-4.3%22.9%15.8%9.4%10.5%20.7%13.1%
3M Rtn-53.7%-9.9%43.0%-1.9%36.3%29.5%13.8%
6M Rtn-15.2%10.2%85.2%32.8%56.2%86.8%44.5%
12M Rtn-42.4%10.7%74.7%19.1%58.1%109.9%38.6%
3Y Rtn-85.1%51.2%119.5%1,100.4%147.7%178.2%133.6%
1M Excs Rtn-6.8%23.0%16.0%9.2%9.6%19.9%12.8%
3M Excs Rtn-50.7%-8.7%42.6%3.2%37.5%34.5%18.8%
6M Excs Rtn-26.2%4.1%78.5%30.9%49.3%77.6%40.1%
12M Excs Rtn-57.2%-4.6%61.7%9.4%45.7%95.1%27.5%
3Y Excs Rtn-161.4%-24.1%47.7%1,088.3%78.4%109.7%63.0%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Direct current (DC) power systems141516924
Accessories10000
Engineering & Tech Support Services01000
Total151617925


Price Behavior

Price Behavior
Market Price$1.79 
Market Cap ($ Bil)0.0 
First Trading Date12/07/2016 
Distance from 52W High-66.0% 
   50 Days200 Days
DMA Price$2.14$2.38
DMA Trenddowndown
Distance from DMA-16.3%-24.8%
 3M1YR
Volatility134.7%108.0%
Downside Capture321.78129.62
Upside Capture-135.2155.57
Correlation (SPY)-3.7%8.3%
POLA Betas & Captures as of 12/31/2025

 1M2M3M6M1Y3Y
Beta2.513.001.902.180.630.63
Up Beta-2.593.50-0.491.490.130.33
Down Beta0.013.002.032.670.961.21
Up Capture61%-85%25%170%31%3%
Bmk +ve Days11233772143431
Stock +ve Days7122458111330
Down Capture661%450%321%214%119%98%
Bmk -ve Days11182755108320
Stock -ve Days15293965131390

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with POLA
POLA-43.7%108.1%-0.05-
Sector ETF (XLI)18.4%19.0%0.758.1%
Equity (SPY)14.7%19.3%0.588.2%
Gold (GLD)81.5%20.4%2.8310.7%
Commodities (DBC)8.3%15.4%0.322.6%
Real Estate (VNQ)4.9%16.6%0.11-3.8%
Bitcoin (BTCUSD)-13.6%39.7%-0.28-1.5%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with POLA
POLA-53.3%102.4%-0.28-
Sector ETF (XLI)14.8%17.2%0.6910.4%
Equity (SPY)14.4%17.1%0.6813.6%
Gold (GLD)21.9%15.7%1.133.3%
Commodities (DBC)11.9%18.7%0.523.0%
Real Estate (VNQ)5.2%18.8%0.187.9%
Bitcoin (BTCUSD)19.5%57.9%0.548.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with POLA
POLA-30.0%133.4%0.15-
Sector ETF (XLI)14.7%19.9%0.6610.5%
Equity (SPY)15.5%18.0%0.7411.8%
Gold (GLD)16.2%14.9%0.902.1%
Commodities (DBC)8.4%17.6%0.404.9%
Real Estate (VNQ)5.9%20.8%0.259.3%
Bitcoin (BTCUSD)70.6%66.7%1.104.8%

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Short Interest

Short Interest: As Of Date12312025
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 12152025-46.4%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1.0 days
Basic Shares Quantity2.5 Mil
Short % of Basic Shares1.0%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/20/2025-6.1%-2.6%-18.2%
8/15/20257.6%-2.8%33.9%
4/1/20250.8%-17.1%-15.3%
11/14/2024-13.1%-19.3%-28.5%
8/14/202413.8%12.2%12.2%
4/1/2024-5.7%-7.8%-26.6%
11/14/2023-2.2%-13.3%-52.3%
8/14/20233.3%5.7%4.9%
...
SUMMARY STATS   
# Positive735
# Negative6108
Median Positive3.3%12.2%12.2%
Median Negative-4.6%-8.4%-22.7%
Max Positive18.3%54.5%46.5%
Max Negative-13.1%-19.3%-52.3%

SEC Filings

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Report DateFiling DateFiling
09/30/202511/19/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202403/31/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202304/01/202410-K
09/30/202311/14/202310-Q
06/30/202308/14/202310-Q
03/31/202305/15/202310-Q
12/31/202203/31/202310-K
09/30/202211/14/202210-Q
06/30/202208/15/202210-Q
03/31/202205/16/202210-Q
12/31/202103/31/202210-K