v3.26.1
Other assets (Tables)
 12 Months Ended
Dec. 31, 2025
Subclassifications of assets, liabilities and equities [abstract]  
Summary of Subclassifications of Other Assets
Other current and non-current assets for the Group were as follows:
As of December 31,
2025
20241
Current
Value added tax receivables128,481 148,405 
Other current receivables2
73,368 32,417 
Accrued income3
55,041 — 
Prepaid expenses4
30,071 40,800 
Restricted deposits5
19,188 — 
Insurance recovery assets8,071 8,886 
Advances to suppliers6,240 8,399 
Amounts due from related parties6
2,834 2,713 
Total current323,294 241,620 
Non-current
Restricted deposits5
38,934 31,011 
Other interest bearing receivables827 2,664 
Other non-interest bearing receivables15,182 6,065 
Total non-current54,943 39,740 
Total other assets378,237 281,360 
1 - The current other assets was re-presented (see Voluntary re-presentation from previous year in Note 2 - Material accounting policies and use of significant judgements and estimates).
2 - Other current receivables consisted primarily of accruals for future value added tax ("VAT") receivables where Polestar recognizes an asset for a future VAT receivable when it sells a vehicle under a repurchase commitment.
3 - As of December 31, 2025, accrued income consists of carbon credits.
4 - As of December 31, 2025 and 2024, prepaid expenses consisted primarily of prepaid insurance, selling expenses, and software license expenses.
5 - For the years ended December 31, 2025 and 2024, the Group held restricted deposit balances primarily related to borrowing covenants, leases and residual value guarantee contracts.
6 - The amounts due from related parties include transactions related to the sales of products and related goods and services, sales of software technology and performance engineered kits, sales of carbon credits and sales of prototype engines. For further information, see Note 28 - Related party transactions.