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Side-by-side financial comparison of Polar Power, Inc. (POLA) and SES AI Corp (SES). Click either name above to swap in a different company.
SES AI Corp is the larger business by last-quarter revenue ($4.6M vs $1.3M, roughly 3.6× Polar Power, Inc.). Polar Power, Inc. runs the higher net margin — -320.9% vs -373.5%, a 52.6% gap on every dollar of revenue.
Polar Electro Oy is a Finnish manufacturer of sports training computers, particularly known for developing the world's first wireless heart rate monitor.
SES S.A. is a Luxembourgish communications satellite operator supplying video and data connectivity worldwide to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions.
POLA vs SES — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3M | $4.6M |
| Net Profit | $-4.1M | $-17.0M |
| Gross Margin | -177.5% | 11.3% |
| Operating Margin | -304.6% | -387.7% |
| Net Margin | -320.9% | -373.5% |
| Revenue YoY | -74.1% | — |
| Net Profit YoY | -31523.1% | 50.7% |
| EPS (diluted) | $-1.63 | $-0.05 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $4.6M | ||
| Q3 25 | $1.3M | $7.1M | ||
| Q2 25 | $2.7M | $3.5M | ||
| Q1 25 | $1.7M | $5.8M | ||
| Q4 24 | $2.6M | — | ||
| Q3 24 | $4.9M | — | ||
| Q2 24 | $4.7M | — | ||
| Q1 24 | $1.8M | — |
| Q4 25 | — | $-17.0M | ||
| Q3 25 | $-4.1M | $-20.9M | ||
| Q2 25 | $-271.0K | $-22.7M | ||
| Q1 25 | $-1.3M | $-12.4M | ||
| Q4 24 | $-3.0M | — | ||
| Q3 24 | $13.0K | — | ||
| Q2 24 | $501.0K | — | ||
| Q1 24 | $-2.1M | — |
| Q4 25 | — | 11.3% | ||
| Q3 25 | -177.5% | 51.1% | ||
| Q2 25 | 34.3% | 73.7% | ||
| Q1 25 | 18.6% | 78.7% | ||
| Q4 24 | -58.8% | — | ||
| Q3 24 | 29.0% | — | ||
| Q2 24 | 39.3% | — | ||
| Q1 24 | -22.6% | — |
| Q4 25 | — | -387.7% | ||
| Q3 25 | -304.6% | -262.0% | ||
| Q2 25 | -4.1% | -652.3% | ||
| Q1 25 | -63.9% | -401.7% | ||
| Q4 24 | -110.5% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 9.9% | — | ||
| Q1 24 | -111.5% | — |
| Q4 25 | — | -373.5% | ||
| Q3 25 | -320.9% | -293.9% | ||
| Q2 25 | -10.0% | -642.2% | ||
| Q1 25 | -73.4% | -214.6% | ||
| Q4 24 | -116.3% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | -120.7% | — |
| Q4 25 | — | $-0.05 | ||
| Q3 25 | $-1.63 | $-0.06 | ||
| Q2 25 | $-0.11 | $-0.07 | ||
| Q1 25 | $-0.50 | $-0.04 | ||
| Q4 24 | $-1.22 | — | ||
| Q3 24 | $0.01 | — | ||
| Q2 24 | $0.20 | — | ||
| Q1 24 | $-0.85 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.0K | $29.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.9M | $214.8M |
| Total Assets | $12.3M | $272.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $29.5M | ||
| Q3 25 | $4.0K | $35.3M | ||
| Q2 25 | $175.0K | $11.8M | ||
| Q1 25 | $68.0K | $56.1M | ||
| Q4 24 | $498.0K | — | ||
| Q3 24 | $498.0K | — | ||
| Q2 24 | $1.1M | — | ||
| Q1 24 | $212.0K | — |
| Q4 25 | — | $214.8M | ||
| Q3 25 | $2.9M | $228.2M | ||
| Q2 25 | $7.0M | $249.2M | ||
| Q1 25 | $7.3M | $269.9M | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $11.6M | — | ||
| Q2 24 | $11.5M | — | ||
| Q1 24 | $11.0M | — |
| Q4 25 | — | $272.6M | ||
| Q3 25 | $12.3M | $288.8M | ||
| Q2 25 | $16.5M | $290.5M | ||
| Q1 25 | $16.6M | $306.0M | ||
| Q4 24 | $17.5M | — | ||
| Q3 24 | $20.9M | — | ||
| Q2 24 | $22.2M | — | ||
| Q1 24 | $23.9M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $399.0K | $-10.4M |
| Free Cash FlowOCF − Capex | — | $-11.1M |
| FCF MarginFCF / Revenue | — | -243.7% |
| Capex IntensityCapex / Revenue | — | 15.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-61.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-10.4M | ||
| Q3 25 | $399.0K | $-14.3M | ||
| Q2 25 | $-404.0K | $-10.8M | ||
| Q1 25 | $-584.0K | $-22.8M | ||
| Q4 24 | $-136.0K | — | ||
| Q3 24 | $-590.0K | — | ||
| Q2 24 | $1.2M | — | ||
| Q1 24 | $-989.0K | — |
| Q4 25 | — | $-11.1M | ||
| Q3 25 | — | $-14.7M | ||
| Q2 25 | — | $-11.6M | ||
| Q1 25 | — | $-23.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -243.7% | ||
| Q3 25 | — | -206.9% | ||
| Q2 25 | — | -329.6% | ||
| Q1 25 | — | -410.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 15.6% | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | — | 15.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -45.38× | — | ||
| Q2 24 | 2.35× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
POLA
| Telecommunications | $1.2M | 92% |
| Other | $101.0K | 8% |
SES
Segment breakdown not available.
