Loading...
•
Mar 31
Polestar Q1 2025 Earnings Report
Polestar reported a significant revenue increase and improved gross margin in Q1 2025 compared to the prior year, alongside a narrowing net loss.
Key Takeaways
Polestar achieved strong revenue growth of 84% in Q1 2025, supported by higher vehicle deliveries and a favorable shift in product mix. The gross margin turned positive at 6.8%, while the net loss narrowed by 31% year-over-year.
Revenue rose to $608 million, up 84.2% from Q1 2024.
Gross margin improved by 14.5 percentage points to 6.8%.
Net loss narrowed to $190 million, from $276 million last year.
Retail sales reached 12,304 cars, a 76.5% YoY increase.
Polestar
Polestar
Forward Guidance
Polestar continues to face a challenging macroeconomic and geopolitical environment but remains focused on improving cost efficiency and delivering new models to market.
Positive Outlook
- Improved product mix contributing to better margins
- Retail network expansion across key markets
- Successful launch of Polestar 3 and Polestar 4
- Strong order pipeline supported by new model introductions
- Continued cost-saving initiatives underway
Challenges Ahead
- Ongoing geopolitical uncertainties
- Competitive pricing pressure remains a factor
- JV losses impacting bottom line
- Lower fair value gains compared to prior year
- Market environment remains volatile, particularly in China