Overview

• First-half revenue rose 56.5% to $1.42 billion on 30,289 retail deliveries, up 51.1% year over year.
• Net loss totaled $1.19 billion for H1 and $1.03 billion in Q2 after a $739 million non-cash impairment on the Polestar 3 reduced its recoverable value to $25 million.
• Adjusted gross margin turned positive at 1.4% and the adjusted EBITDA loss narrowed 30% to $302 million.
• Liquidity stood at $719 million in cash on June 30, supplemented by a $200 million equity raise and about $2.1 billion in secured or renewed facilities through August.
• U.S. second-quarter sales fell 56% as tariffs and pricing pressure hurt demand, Europe recorded stronger sales, and the company plans a Polestar 5 launch at IAA with Polestar 7 production set for Slovakia in 2028.