Polaris Inc.
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PII Q1 2026 request
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/api/financials?ticker=PII&year=2026&quarter=1
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| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 1,658.7 | 1,535.8 | +8.0% |
Show Product Lines breakouts |
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| PG&A | 443.8 | 410.4 | +8.1% |
| PG&A · Aixam & Goupil | 11.4 | 9.7 | +17.5% |
| PG&A · Corporate Non Segment | 3.7 | 23.2 | -84.1% |
| PG&A · Marine | 0.1 | 0.1 | 0.0% |
| PG&A · Polaris Powersports | 428.6 | 377.4 | +13.6% |
| Wholegoods | 1,214.9 | 1,125.4 | +8.0% |
| Wholegoods · Aixam & Goupil | 55.3 | 51.4 | +7.6% |
| Wholegoods · Corporate Non Segment | 43.8 | 96.4 | -54.6% |
| Wholegoods · Marine | 125.2 | 115.3 | +8.6% |
| Wholegoods · Polaris Powersports | 990.6 | 862.3 | +14.9% |
Show Business Segments breakouts |
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| Aixam & Goupil · EMEA | 66.7 | 61.1 | +9.2% |
| Aixam & Goupil · Operating Segments | 66.7 | 61.1 | +9.2% |
| Marine · APLA | 0.2 | 0.6 | -66.7% |
| Marine · CA | 2.7 | 2 | +35.0% |
| Marine · EMEA | 0.1 | — | — |
| Marine · Operating Segments | 125.3 | 115.4 | +8.6% |
| Marine · US | 122.3 | 112.8 | +8.4% |
| Polaris Powersports · APLA | 67.1 | 54.1 | +24.0% |
| Polaris Powersports · CA | 87.5 | 90.3 | -3.1% |
| Polaris Powersports · EMEA | 91.3 | 93.9 | -2.8% |
| Polaris Powersports · Operating Segments | 1,419.2 | 1,239.7 | +14.5% |
| Polaris Powersports · US | 1,173.3 | 1,001.4 | +17.2% |
Show Geography breakouts |
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| APLA | 70 | 65.6 | +6.7% |
| APLA · Corporate Non Segment | 2.7 | 10.9 | -75.2% |
| CA | 91.4 | 97.6 | -6.4% |
| CA · Corporate Non Segment | 1.2 | 5.3 | -77.4% |
| EMEA | 163 | 179.9 | -9.4% |
| EMEA · Corporate Non Segment | 4.9 | 24.9 | -80.3% |
| US | 1,334.3 | 1,192.7 | +11.9% |
| US · Corporate Non Segment | 38.7 | 78.5 | -50.7% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 47.5 | 119.6 | -60.3% |
| Operating Segments | 1,658.7 | 1,535.8 | +8.0% |
| Other Revenue (Q) | — | — | — |
Show Product Lines breakouts |
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| Financial Service | 16.1 | 22.1 | -27.1% |
| Cost of Revenue | 1,323.9 | 1,290.8 | +2.6% |
| Gross Profit | 334.8 | 245 | +36.7% |
| Research & Development | 82.3 | 82.9 | -0.7% |
| Sales & Marketing | 113.6 | 117.6 | -3.4% |
| General & Administrative | 162.5 | 102.7 | +58.2% |
| Operating Expenses | 390 | 303.2 | +28.6% |
| Operating Income | -39.1 | -36.1 | -8.3% |
| Other Non-Operating Income (Expense) | -11.8 | 0.9 | -1411.1% |
| Income Before Taxes | -57.7 | -71.1 | +18.8% |
| Income Tax Expense (Benefit) | -10.5 | -4.4 | -138.6% |
| Net Income | -47.4 | -66.8 | +29.0% |
| Comprehensive Income | -54 | -39.5 | -36.7% |
| EPS (Basic) | -0.83 | -1.17 | +29.1% |
| EPS (Diluted) | -0.83 | -1.17 | +29.1% |
| Wtd Avg Shares (Basic) | 57.4 | 56.9 | +0.9% |
| Wtd Avg Shares (Diluted) | 57.4 | 56.9 | +0.9% |
| Interest Expense | 30.4 | 34.1 | -10.9% |
| Net Income Loss Attributable To Noncontrolling Interest | -0.2 | -0.1 | -100.0% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 282 | 291.7 | -3.3% |
| Accounts Receivable | 249 | 211.3 | +17.8% |
| Inventory | 1,567.5 | 1,748 | -10.3% |
| Prepaid Expenses & Other Current Assets | 434 | 313.5 | +38.4% |
| Income Taxes Receivable | 35.7 | 29.2 | +22.3% |
| Assets Of Disposal Group Including Discontinued Operation Current | 21.8 | — | — |
Show Disposal Group Classification breakouts |
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| Disposal Group Heldforsale Not Discontinued Operations · Motorcycle Manufacturing Facility, Vietnam | 21.8 | — | — |
| Total Current Assets | 2,590 | 2,593.7 | -0.1% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 996 | 1,159 | -14.1% |
| Deferred Tax Assets | 521.1 | 379.2 | +37.4% |
| Operating Lease Right-of-Use Assets | 113.1 | 123.7 | -8.6% |
| Other Non-Current Assets | 92.5 | 120.3 | -23.1% |
| Total Assets | 5,241.5 | 5,450.4 | -3.8% |
| Goodwill | 348.8 | 396.3 | -12.0% |
Show Business Segments breakouts |
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| Marine | 230.6 | 230.6 | 0.0% |
| Polaris Powersports | 118.2 | — | — |
| Intangible Assets (Q) | — | — | — |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Customer Relationships | 205.4 | 222 | -7.5% |
| Other Assets | |||
| Investments In Affiliates Subsidiaries Associates And Joint Ventures | 133.8 | 141.1 | -5.2% |
| Intangible Assets Net Including Goodwill | 795 | 933.4 | -14.8% |
| Current Liabilities | |||
| Long Term Debt And Capital Lease Obligations Current | 34.8 | 434.3 | -92.0% |
| Accounts Payable | 833.5 | 723.6 | +15.2% |
| Accrued Liabilities | 1,226.1 | 1,115.7 | +9.9% |
| Other Liabilities Current | 33 | 37.9 | -12.9% |
| Liabilities Of Disposal Group Including Discontinued Operation Current | 6.5 | — | — |
Show Disposal Group Classification breakouts |
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| Disposal Group Heldforsale Not Discontinued Operations · Motorcycle Manufacturing Facility, Vietnam | 6.5 | — | — |
| Total Current Liabilities | 2,133.9 | 2,311.5 | -7.7% |
| Long Term Debt And Capital Lease Obligations | 2,056.2 | 1,621.4 | +26.8% |
| Deferred Revenue | 36.9 | 35.2 | +4.8% |
| Non-Current Liabilities | |||
| Other Non-Current Liabilities | 290.5 | 282.4 | +2.9% |
| Total Liabilities | 4,480.6 | 4,215.3 | +6.3% |
| Long-Term Debt (Q) | — | — | — |
Show Debt Instrument breakouts |
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| Public Senior Note Five Point Six Percent Due March Twenty Thirty-One · Senior Notes | 500 | — | — |
| Public Senior Note Six Point Nine Five Percent Due March Twenty Twenty-Nine · Senior Notes | 500 | 500 | 0.0% |
Show Business Acquisition breakouts |
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| Boat Holdings, LLC · Notes Payable Other Payables | 36.8 | 43.2 | -14.8% |
Show Long-Term Debt Type breakouts |
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| Notes Payable To Banks | 38 | 45.6 | -16.7% |
| Operating Lease Liabilities | 90.1 | 96.5 | -6.6% |
| Deferred Tax Liabilities | 7.2 | 6.2 | +16.1% |
| Accrued Income Taxes Noncurrent | 17.8 | 9.2 | +93.5% |
| Other Liabilities | |||
| Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests | 5.8 | 4.5 | +28.9% |
| Minority Interest | 4.7 | 4.2 | +11.9% |
| Stockholders' Equity | |||
| Common Stock | 0.6 | 0.6 | 0.0% |
| Additional Paid-In Capital | 1,348.8 | 1,278.8 | +5.5% |
| Retained Earnings | -560.3 | 45.2 | -1339.6% |
| Accumulated Other Comprehensive Income | -38.7 | -98.2 | +60.6% |
| Total Stockholders' Equity | 750.4 | 1,226.4 | -38.8% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 755.1 | 1,230.6 | -38.6% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment Including Portion Attributable To Noncontrolling Interest | 2.2 | 2.7 | -18.5% |
| Accumulated Foreign Currency Adjustment Including Portion Attributable To Noncontrolling Interest | -50 | -102.3 | +51.1% |
| Accumulated Gain Loss Cash Flow Hedge Including Noncontrolling Interest | 9.1 | 1.4 | +550.0% |
| Accumulated Other Comprehensive Income | -38.7 | -98.2 | +60.6% |
| Additional Paid In Capital | 1,348.8 | 1,278.8 | +5.5% |
| Common Stock | 0.6 | 0.6 | 0.0% |
| Noncontrolling Interest | 4.7 | 4.2 | +11.9% |
| Retained Earnings | -560.3 | 45.2 | -1339.6% |
| Total Liabilities & Equity | 5,241.5 | 5,450.4 | -3.8% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | -47.2 | -66.7 | +29.2% |
Show Equity Components breakouts |
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| Noncontrolling Interest | 0.2 | 0.1 | +100.0% |
| Retained Earnings | -47.4 | -66.8 | +29.0% |
| Depreciation & Amortization | 63.2 | 73.4 | -13.9% |
| Stock-Based Compensation | 20.7 | 12.6 | +64.3% |
| Noncash Income From Financial Services | 9.7 | 11.7 | -17.1% |
| Deferred Income Taxes | 4.3 | 5.6 | -23.2% |
| Disposal Group Not Discontinued Operation Loss Gain On Write Down | 31.6 | — | — |
Show Disposal Group Classification breakouts |
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| Disposal Group Heldforsale Not Discontinued Operations · Transition Services And Supply Agreement | 18.2 | — | — |
| Other Non-Cash Items | -1.6 | 0.5 | -420.0% |
| Change in Accounts Receivable | -17.1 | -15 | -14.0% |
| Change in Inventory | -173 | 1.2 | -14516.7% |
| Change in Accounts Payable | 47.5 | 158.4 | -70.0% |
| Increase Decrease In Accrued Liabilities | -137.1 | -151.8 | +9.7% |
| Increase Decrease In Income Taxes | -40.3 | -15.9 | -153.5% |
| Change in Prepaid & Other Assets | -64.7 | 93.6 | -169.1% |
| Net Cash from Operations | -320.2 | 83.2 | -484.9% |
| Investing Activities | |||
| Capital Expenditures | -29.7 | -35.6 | +16.6% |
| Payments For Proceeds From Businesses And Interest In Affiliates Excluding Other Affiliates | 7.4 | 7.3 | +1.4% |
| Payments To Acquire Interest In Subsidiaries And Affiliates | -20 | — | — |
| Payments For Sale Of Business | -79.3 | — | — |
| Net Cash from Investing | -121.6 | -28.3 | -329.7% |
| Financing Activities | |||
| Proceeds From Repayments Of Lines Of Credit | 558.6 | -11.4 | +5000.0% |
| Repayments Of Long Term Debt And Capital Securities | -6.7 | -6.9 | +2.9% |
| Share Repurchases | -9.2 | -2.4 | -283.3% |
| Payments Of Dividends Common Stock | -38.7 | -37.5 | -3.2% |
| Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options | 2.6 | 1.4 | +85.7% |
| Net Cash from Financing | 506.6 | -56.9 | +990.3% |
| Supplemental | |||
| Interest Paid | 40 | 37.1 | +7.8% |
| Income Taxes Paid | 28.2 | 8.1 | +248.1% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -2.9 | 6.1 | -147.5% |
| Net Change in Cash | 61.9 | 4.1 | +1409.8% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 298.2 | 307.1 | -2.9% |
| Right Of Use Asset Obtained In Exchange For Operating Lease Liability | 2.4 | 2.5 | -4.0% |
| Restricted Cash And Cash Equivalents | 16.2 | 15.4 | +5.2% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.