Polaris Inc.PIIEarnings & Financial Report
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...
PII Q1 FY2026 Key Financial Metrics
Revenue
$1.7B
Gross Profit
$334.8M
Operating Profit
$1.3B
Net Profit
$-47.2M
Gross Margin
20.2%
Operating Margin
76.5%
Net Margin
-2.8%
YoY Growth
8.0%
EPS
$-0.83
Polaris Inc. Q1 FY2026 Financial Summary
Polaris Inc. reported revenue of $1.7B (up 8.0% YoY) for Q1 FY2026, with a net profit of $-47.2M (up 29.0% YoY) (-2.8% margin). Cost of goods sold was $1.3B.
Key Financial Metrics
| Total Revenue | $1.7B |
|---|---|
| Net Profit | $-47.2M |
| Gross Margin | 20.2% |
| Operating Margin | 76.5% |
| Report Period | Q1 FY2026 |
Polaris Inc. Annual Revenue by Year
Polaris Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $7.2B).
Polaris Inc. Quarterly Revenue & Net Profit History
Polaris Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $1.7B | +8.0% | $-47.2M | -2.8% |
| Q4 FY2025 | $1.9B | +9.5% | $-303.6M | -15.8% |
| Q3 FY2025 | $1.8B | +6.9% | $-15.8M | -0.9% |
| Q2 FY2025 | $1.9B | -5.5% | $-79.3M | -4.3% |
| Q1 FY2025 | $1.5B | -11.6% | $-66.8M | -4.3% |
| Q4 FY2024 | $1.8B | -23.3% | $10.6M | 0.6% |
| Q3 FY2024 | $1.7B | -23.4% | $27.7M | 1.6% |
| Q2 FY2024 | $2.0B | -11.5% | $68.7M | 3.5% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.96B | $1.72B | $1.76B | $1.54B | $1.85B | $1.84B | $1.92B | $1.66B |
| YoY Growth | -11.5% | -23.4% | -23.3% | -11.6% | -5.5% | 6.9% | 9.5% | 8.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.71B | $5.63B | $5.53B | $5.45B | $5.39B | $5.31B | $4.89B | $5.24B |
| Liabilities | $4.36B | $4.27B | $4.22B | $4.22B | $4.19B | $4.14B | $4.05B | $4.48B |
| Equity | $1.34B | $1.34B | $1.29B | $1.23B | $1.19B | $1.15B | $828.4M | $750.4M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $146.3M | $21.0M | $206.3M | $83.2M | $320.3M | $158.8M | $178.7M |