Polaris Office폴라리스오피스

Polaris Office's trailing revenue is up sharply over several years, but thin margins and a 49% one-year share price fall keep the picture mixed.

Polaris Office is a Korean software company whose trailing twelve-month revenue to H1 2026 is about ₩330B, with a small operating margin of 2.9% and net income of about ₩7.5B. The share price is ₩2,735, down 48.7% over one year and well below its 52-week high of ₩5,950, while the stock trades at 18.2 times earnings and 1.5 times book value. The data does not include a fair value estimate, analyst ratings or price targets.

What stands out

• Revenue rose from about ₩24B in 2022 to about ₩324B in 2025, but operating margin in 2025 was only 2.8%, so most of the growth has not reached profit.
• Net income swung widely: ₩21.3B in 2023, ₩7.1B in 2024 and ₩4.9B in 2025, so the earnings trend is not steady.
• Trailing free cash flow of about ₩24.7B is higher than trailing net income, and borrowings of about ₩43B exceed cash of about ₩124B, so the balance sheet shows net cash in the data.
• The filings list includes a half-year report for June 2026 and an investor relations event, but no news headlines were provided.
• Foreign ownership rose from 2.3% to 3.6% over about 60 days, while retail investors were net sellers of about ₩879M over the last 20 days.

What to watch

• The next quarterly or half-year results, to see whether revenue growth is turning into higher operating margins.
• Further 5%+ holding or insider shareholding filings, which may show changes in major shareholder positions.
• Whether the share price holds above its 52-week low of ₩2,355 after a sharp one-year decline.