Polestar Automotive Holding UK PLC cash flow statement

In fiscal 2025, Polestar Automotive Holding UK PLC's operations generated −$915m of cash; it spent $159m on capital projects, leaving free cash flow of −$1.07bn.

Cash flow statement

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

Polestar Automotive Holding UK PLC: cash flow statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	−57	−324	−1,081	−1,894	−991	−915
Depreciation and amortisation	216	212	141	115	56	53
Capital spending	50	25	32	137	148	159
Free cash flow	−107	−349	−1,113	−2,031	−1,139	−1,074

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.