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Dec 31, 2024
Polestar Q4 2024 Earnings Report
Polestar reported Q4 2024 results showing reduced revenue and a wider net loss compared to Q4 2023, as the company navigated a transitional period before the ramp-up of new model deliveries.
Key Takeaways
Polestar delivered 12,256 vehicles in Q4 2024, but revenue declined due to a lower average selling price, leading to a wider net loss. The company anticipates improved performance in 2025 with the launch of Polestar 3 and 4.
Revenue for Q4 2024 was $300.5 million, down from $322.6 million in Q4 2023.
Net loss widened to $334.7 million compared to $136.4 million in Q4 2023.
Vehicles delivered in Q4 2024 totaled 12,256 units.
Adjusted EBITDA loss was $202.3 million in Q4 2024.
Polestar
Polestar
Forward Guidance
Polestar expects meaningful revenue growth in 2025 as deliveries of Polestar 3 and 4 begin, but near-term financial pressure is expected to continue in early quarters.
Positive Outlook
- Launch and ramp-up of Polestar 3 and 4 expected in 2025
- Increased order intake of 37% YoY in Q4
- Strong pipeline of new models
- Continued cost optimization measures
- Retail footprint continues expanding
Challenges Ahead
- Revenue decline in Q4 due to lower ASP
- Widened net loss impacting bottom line
- Delayed revenue recognition from new models
- High R&D and SG&A expenses
- Market volatility and pricing pressures