Company Analysis

Polestar Automotive Holding UK PLC Class C-1 (PSNYW)

Nasdaq: PSNYW · Motor Vehicles & Passenger Car Bodies · Goteborg, SE · filing with the SEC since 2021
Grade3.9
◀ Past 4.1● Present 4.2▶ Future 3.4
2 est.

The grade of Polestar Automotive Holding UK PLC Class C-1

Nine metrics read from its own filings, by tense
Headline grade
3.9/10
◀ Past4.130% of the headline
● Present4.240% of the headline
▶ Future3.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.1/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
2.9/10

Has it survived what it has been through?

2 warning events since 2021; the latest 2025-04-30.

weight 33% of this tense · 29th percentile among 28 sector filers · read for itself

From the record

Polestar Automotive Holding UK PLC Class C-1's filings since 2021 show 2 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2025-04-30) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.7/10

What has it actually done, year after year?

+35.1% a year over 5 filed years; profitable in 0 of 5.

weight 45% of this tense · 47th percentile among 27 sector filers · read for its customers

From the record

Polestar Automotive Holding UK PLC Class C-1's 5 filed years say what it did: revenue went from $610 million in fiscal 2020 to $2.0 billion in fiscal 2024, up 35.1% a year; it rose in 2 of 4 years; the deepest fall was 17% from fiscal 2022 to fiscal 2024; net income was positive in 0 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span35.1%top 28% of its family
  • the share of years revenue rosebottom 28% of its family
  • the share of filed years with a profitbottom 24% of its family
  • the deepest fall from a revenue peak16.7%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
4.8/10

How has it treated the people who own it?

SI estimate 4.8/10, confidence 35 of 100 (one part).

weight 22% of this tense · 48th percentile among 27 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 48% of 27 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 27 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Polestar Automotive Holding UK PLC Class C-1's shareholder treatment is put at 4.8 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 48% of 27 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
2.9/10

Is it financially healthy right now?

Leverage 182%: owes 182¢ per asset dollar.

weight 45% of this tense · 29th percentile among 28 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, Polestar Automotive Holding UK PLC Class C-1's shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned less than nothing, about minus 22 cents per dollar of everything the company owns. Leverage: it owed about 182 cents per dollar of assets, and net share issuance: its share count was unchanged over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 7% of its family
  • gross profit against assetsbottom 8% of its family
  • the share count against the year beforetop 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.6/10

How strong is its position in its industry?

bottom 46% of 27 in its family; net margin -100.8%.

weight 33% of this tense · 46th percentile among 27 sector filers · read for its customers

From the record

Polestar Automotive Holding UK PLC Class C-1's standing among 27 graded names in its industry family: revenue of $2.0 billion in fiscal 2024 ranks in the top 44% by size; a net margin of -100.8% ranks in the bottom 30%; revenue growth of 14.8% a year over the last 3 filed years ranks in the top 46% (its annual reports).

What it rests on

  • revenue against the family$2.03Btop 44% of its family
  • net margin-100.8%bottom 30% of its family
  • three-year revenue growth14.8%top 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
6.3/10

What are the people in charge doing?

SI estimate 6.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 11 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 11 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 11 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Polestar Automotive Holding UK PLC Class C-1's leadership is put at 6.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 11 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.4/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.8/10

How much room does it have to grow?

bottom 37% of 26 in its family for room to expand.

weight 45% of this tense · 37th percentile among 26 sector filers · read for itself

From the record

Polestar Automotive Holding UK PLC Class C-1's room to grow, from the newest filed statements (fiscal 2024): cash of $739 million against no long-term debt tagged leaves 18.2% of its assets as net cash, top 22% of its family; cash from operations less capital spending is -56% of revenue (bottom 35%); a gross margin of -43.1% (bottom 21%); research spending of 1.9% of revenue (bottom 17%) (its annual report).

What it rests on

  • cash less debt against assets18.2%top 22% of its family
  • cash from operations less capital spending against revenue-56.0%bottom 35% of its family
  • gross margin-43.1%bottom 21% of its family
  • research spending against revenue1.9%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.1/10

What could actually drive growth from here?

bottom 41% of 27 in its family for growth drivers.

weight 33% of this tense · 41st percentile among 27 sector filers · read for its customers

From the record

Polestar Automotive Holding UK PLC Class C-1's growth drivers, from the filed years to fiscal 2024: revenue grew 14.8% a year over the last three filed years against 35.1% over all 5, slowing (bottom 24% of its family); the newest year grew -14.1% (bottom 30%); research spending grew -45.3% a year (bottom 15%); capital spending grew 81.6% a year (top 4%) (its annual reports). Polestar Automotive Holding UK PLC Class C-1 tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-20.3 points a yearbottom 24% of its family
  • the newest year's revenue growth-14.1%bottom 30% of its family
  • three-year growth of research spending-45.3%bottom 15% of its family
  • three-year growth of capital spending81.6%top 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
1.6/10

Did its newest year beat what its own record pointed to?

bottom 16% of 26 in its family for expectations against reality.

weight 22% of this tense · 16th percentile among 26 sector filers · read for its shareholders

From the record

Polestar Automotive Holding UK PLC Class C-1's newest year against its own record: revenue of $2.0 billion in fiscal 2024 came in 35.3% below the $3.1 billion its prior three years' pace pointed to (bottom 20% of its family); net income of $2.0 billion against a prior three-year average of $877 million (bottom 15%); a net margin of a loss larger than its revenue against -47.2% before (bottom 12%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-35.3%bottom 20% of its family
  • net income against the prior three years' average-134%bottom 15% of its family
  • net margin against its prior average-53.5 pointsbottom 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PSNYW · research, not advice