Polestar Automotive ($PSNY) reported earnings on July 17, 2026. The headline number is hard to ignore: quarterly revenue grew 45.4% year over year. For an EV brand still fighting for shelf space in a crowded market, that kind of top-line acceleration is real progress.
But the rest of the data block is a cold shower. Net margin sits at -77.1%, ROE is -397.7%, and free cash flow yield is -62.9%. The company is burning cash at a significant rate relative to its size, and the earnings quality flag in our model is marked as concerning. We do not have a verified EPS figure or growth comparison for this reporting period, so we are not stating one. For the latest per-share numbers, see the live page at acceinvestments.com/stocks/PSNY.
We also do not have guidance commentary from this report, so we cannot speak to what management expects in the periods ahead.
Recibe el resumen semanal de ACCE
Rentabilidad de los índices, repaso de las selecciones y los mayores cambios de puntuación, cada domingo. Sin relleno.
What it means
$PSNY carries an ACCE score of 29/100. Breaking that down: Growth scores 64, which reflects the revenue momentum. Everything else drags. Value scores 23, Quality scores 13, and Momentum scores 17. The stock is down 54.1% over the past year and trades at a market cap of $2.19B as of July 16, 2026. The analyst consensus target is $17.50.
The growth score of 64 is the one bright spot, and the 45.4% revenue expansion is the data behind it. Polestar is clearly selling more cars. The problem is that selling more cars is not yet translating into anything resembling financial health. A net margin of -77.1% means the company loses roughly three quarters of every dollar of revenue after costs. That is not a rounding error or a one-quarter anomaly — it is a structural challenge that revenue growth alone cannot fix without meaningful margin improvement.
The trailing P/E of 0 reflects the absence of positive earnings, which makes traditional valuation comparisons difficult. With no dividend and a deeply negative FCF yield, there is no income cushion for holders while they wait for the business model to mature.
The 45.4% revenue figure gives the Growth pillar something to work with, and if Polestar can begin converting that volume into margin improvement, the score composition could shift. Right now, though, the Quality and Momentum readings reflect a stock and a business under real pressure.
For live price, updated score breakdowns, and full financials, visit acceinvestments.com/stocks/PSNY.
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