Polestar Automotive Holding UK PLC balance sheet

At the end of fiscal 2025, Polestar Automotive Holding UK PLC had total assets of $3.93bn, total liabilities of $9.05bn and shareholders' equity of −$5.12bn. It held $1.16bn in cash against $6.36bn of debt: net debt of $5.20bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Polestar Automotive Holding UK PLC: balance sheet, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	316	757	974	768	739	1,159
Receivables	—	—	—	—	233	342
Inventory	—	546	630	928	1,079	853
Total current assets	—	1,607	2,147	2,273	2,298	2,689
Total assets	—	3,310	4,010	4,292	4,054	3,930
Total current liabilities	—	3,041	3,187	3,623	4,741	6,208
Short-term debt	—	—	—	—	2,658	3,861
Long-term debt	—	—	—	—	2,281	2,499
Total debt	0	642	1,327	3,453	4,939	6,360
Total liabilities	—	3,187	4,100	5,543	7,383	9,052
Shareholders' equity	−603	−184	−90	−1,251	−3,329	−5,122
Non-controlling interests and other (assets − liabilities − equity)	—	306	—	—	—	—
Net debt (negative = net cash)	−316	−114	353	2,685	4,200	5,201

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Polestar Automotive Holding UK PLC's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Polestar Automotive Holding UK PLC.