Polaris Inc.PIIEarnings & Financial Report

NYSE · automotive industry

Polaris Inc. is an American automotive manufacturer headquartered in Medina, Minnesota, United States. Polaris was founded in Roseau, Minnesota, where it still has engineering and manufacturing facilities. The company manufactured motorcycles through its Victory Motorcycles subsidiary until January 2017, then produced motorcycles through the Indian Motorcycle subsidiary, which it purchased in April 2011 and announced its divestiture in October 2025. Polaris produced personal watercraft from 1...

Revenue

$1.9B

Gross Profit

$384.2M

Operating Profit

$-320.1M

Net Profit

$-303.6M

Gross Margin

20.0%

Operating Margin

-16.7%

Net Margin

-15.8%

YoY Growth

9.5%

EPS

$-5.34

Financial Flow

Polaris Inc. Q4 2025 Financial Summary

Polaris Inc. reported revenue of $1.9B for Q4 2025, with a net profit of $-303.6M (-15.8% margin). Cost of goods sold was $1.5B, operating expenses totaled $704.3M.

Key Financial Metrics

Total Revenue	$1.9B
Net Profit	$-303.6M
Gross Margin	20.0%
Operating Margin	-16.7%
Report Period	Q4 2025

Polaris Inc. Annual Revenue by Year

Polaris Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $7.2B).

Year	Annual Revenue
2025	$7.2B
2024	$7.2B
2023	$8.9B
2022	$8.6B

Income Statement

	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Revenue	$1.74B	$1.96B	$1.72B	$1.76B	$1.54B	$1.85B	$1.84B	$1.92B
YoY Growth	-20.3%	-11.5%	-23.4%	-23.3%	-11.6%	-5.5%	6.9%	9.5%

Balance Sheet

	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Assets	$5.57B	$5.71B	$5.63B	$5.53B	$5.45B	$5.39B	$5.31B	$4.89B
Liabilities	$4.18B	$4.36B	$4.27B	$4.22B	$4.22B	$4.19B	$4.14B	$4.05B
Equity	$1.38B	$1.34B	$1.34B	$1.29B	$1.23B	$1.19B	$1.15B	$828.4M