Polestar revenue rises 49% to $2.17 billion in first nine months of 2025

Reuters11-12

Polestar revenue rises 49% to $2.17 billion in first nine months of 2025

Polestar Automotive Holding UK plc reported revenue of $2,171.0 million for the first nine months of 2025, an increase of 48.8% compared to $1,459.0 million in the same period of 2024. For the three months ended 30 September 2025, revenue was $748.0 million, up 36.0% from $550.0 million a year earlier. Retail sales for the quarter totaled an estimated 14,192 cars, up 13.1% year-over-year from 12,548 cars. Carbon credits sales contributed $123.0 million for the nine-month period, up from $0.04 million a year earlier. Gross margin for the third quarter was negative 34.5%, compared to negative 2.1% in the prior year, mainly due to a non-cash impairment expense of $739.0 million related to Polestar 3 booked in the second quarter of 2025. Key business developments included expanding the dealer network, opening new retail locations in 28 markets, and announcing a reduction in R&D staff as part of a strategy to utilize existing architectures from Geely Group for future models.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Polestar Automotive Holding UK plc published the original content used to generate this news brief via Business Wire (Ref. ID: 20251112358825) on November 12, 2025, and is solely responsible for the information contained therein.

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