PSNY News & Events

Reports Q1 adjusted EBITDA ($235M) vs ($96M) last year. Michael Lohscheller, Polestar CEO, said: "The first quarter saw us deliver strong volume growth in a very competitive market. With implemented steps to improve our cost base being offset by more challenging market conditions, we are accelerating efforts to adjust our business model, become leaner and improve manufacturing efficiencies."

The company said, "Polestar has continued to make major strides in its commercial transformation supported by accelerated retail expansion and the strength of its attractive model line-up in a challenging geopolitical and economic environment. Looking to 2026, the global environment is expected to remain highly uncertain given recent geopolitical developments. As previously indicated, retail sales volumes are expected to increase at a low double-digit rate, with a continued focus on quality revenue. The sales mix is expected to further evolve with an increasing share of Polestar 4 coupe, our best-selling model, complemented later in 2026 with the introduction of new Polestar 4 SUV variant."

Reports retail sales of 60,119 cars, up 34% year-over-year. Michael Lohscheller, Polestar CEO, said: "2025 was a record year for Polestar, with retail sales of over 60,000 cars and revenue surpassing $3B. Our strong commercial performance was driven by the expansion of our sales network and strength of our model line-up. Since June 2025 to-date, we have strengthened our balance sheet and improved our debt and liquidity positions through a total of $1.2B in equity injections, approx. $0.6B debt-to-equity conversions, partially executed and planned, and an agreement of a three-year extension of the $0.7B shareholder loan. In 2026, our operational focus will be on the continued expansion of our sales network, growing our sales points by a planned 20%, to coincide with the largest model offensive in our history, with four new models planned during the next three years. While we expect market conditions to become more challenging, amid ongoing geopolitical developments, we will continue to drive financial performance, building on our achievements in 2025, with an improved model mix, sustained cost reduction and financial discipline."

Polestar retail sales amounted to an estimated 13,126 cars in Q1 2026, a growth of 7% compared to Q1 2025. 230 retail sales points are currently in operation, compared to 154 at the end of Q1 2025, representing a growth of 50%. Michael Lohscheller, Polestar CEO, says: "Following a record 2025, we've delivered our highest ever first quarter retail sales figure of 13,126 cars. Growth compared to the first quarter last year totalled 7%, with a strong performance in key markets such as Australia, Germany, Sweden, South Korea and the UK, testament to the hard work of our teams and our established brand position. Our performance in the first quarter has shown resilience, with market conditions becoming more challenging, amid ongoing geopolitical developments."