Polaris Inc.

Listed Company

PIICIK 0000931015NYSELarge AcceleratedMiscellaneous Transportation EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

$7.15B

Net Income

$-465.50M

Total Assets

$4.89B

Equity

$828.40M

Shares Out

56.89M

Op. Cash Flow

$741.00M

PII$73.17+55.81% · past yearDBEQ Basic

Daily closing prices

Business

Polaris Inc. designs, engineers, manufactures and markets powersports vehicles including off-road vehicles (ATVs and side-by-sides), snowmobiles, moto-roadsters, and boats, along with parts, garments and accessories. The company operates three business segments: Off Road (ORVs and snowmobiles), On Road (Slingshot moto-roadsters and commercial vehicles), and Marine (pontoon and deck boats). Products are sold online and through approximately 2,400 independent dealers in North America and over 1,500 international dealers across 90 countries.

Summary from 10-K filed 2026-02-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Sales	7,152	7,175	8,934	8,589	7,439
Cost of sales	5,783	5,709	6,975	6,630	5,688
Gross profit	1,369	1,467	1,960	1,960	1,751
Selling and marketing	505	500	542	481	458
Research and development	372	337	374	367	329
General and administrative	542	437	423	356	306
Goodwill, Impairment Loss	53	0	0	0	0
Loss on disposal group held for sale	330	0	0	—	—
Total operating expenses	1,802	1,274	1,339	1,203	1,093
Operating (loss) income	−349	291	701	805	712
Interest expense	131	137	125	72	44
Other expense (income), net	53	13	−45	−29	2
(Loss) income before income taxes	−533	141	620	761	629
(Benefit) provision for income taxes	−68	30	118	158	132
Net (loss) income	−465	111	503	448	494
Net (income) loss attributable to noncontrolling interest	−700,000	−400,000	100,000	−500,000	−400,000
Net (loss) income	−466	111	503	447	494
Basic (in dollars per share)	−8.18	1.96	8.8	7.54	8.06
Diluted (in dollars per share)	−8.18	1.95	8.71	7.44	7.88
Basic (in shares)	57	57	57	59	61
Diluted (in shares)	57	57	58	60	63

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	138	288	368	325	502
Trade receivables, net	238	192	306	343	228
Inventories, net	1,412	1,742	1,811	1,896	1,511
Prepaid expenses and other	367	396	198	184	151
Income taxes receivable	2	15	9	20	4
Current assets held for sale	50	0	—	0	163
Total current assets	2,207	2,632	2,692	2,768	2,559
Property and equipment, net	1,031	1,187	1,202	1,018	928
Investment in finance affiliate	132	137	141	93	49
Deferred tax assets	526	385	296	211	163
Goodwill and other intangible assets, net	800	936	906	911	935
Operating lease assets	121	127	144	111	91
Other long-term assets	79	121	136	107	97
Total assets	4,894	5,525	5,516	5,218	5,048
Current financing obligations	35	434	54	554	553
Accounts payable	763	563	713	848	776
Total accrued expenses	1,355	1,260	1,124	897	757
Other current liabilities	41	36	43	31	—
Current liabilities held for sale	51	0	—	0	108
Total current liabilities	2,243	2,293	1,934	2,329	2,230
Total long-term financing obligations	1,505	1,638	1,854	1,504	—
Other long-term liabilities	306	293	297	271	177
Total liabilities	4,054	4,225	4,085	4,104	3,810
Deferred compensation	7	6	10	13	11
Preferred stock $0.01 par value per share, 20.0 shares authorized, no shares issued and outstanding	0	0	0	0	0
Common stock $0.01 par value per share, 160.0 shares authorized, 56.5 and 56.1 shares issued and outstanding, respectively	600,000	600,000	600,000	600,000	600,000
Additional paid-in capital	1,329	1,266	1,232	1,152	1,144
(Accumulated deficit) retained earnings	−469	149	244	34	157
Accumulated other comprehensive loss, net	−32	−126	−58	−88	−77
Total shareholders equity	828	1,290	1,418	1,099	1,224
Noncontrolling interest	5	4	2	3	2
Total equity	833	1,294	1,421	1,102	1,226
Total liabilities and equity	4,894	5,525	5,516	5,218	5,048

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	287	286	259	233	216
Noncash compensation	60	49	57	63	61
Noncash income from financial services	−42	−54	−42	−15	−8
Deferred income taxes	−139	−87	−87	−49	15
Impairment charges	156	30	0	0	—
Loss on disposal group held for sale	327	0	0	0	35
Other, net	5	100,000	−800,000	−500,000	7
Trade receivables	−34	103	49	−123	2
Inventories	184	40	115	−391	−490
Accounts payable	197	−142	−144	72	31
Accrued expenses	137	159	217	131	−62
Income taxes payable/receivable	24	−11	19	18	−4
Prepaid expenses and other, net	45	−217	−20	−8	−13
Net cash provided by operating activities	741	268	926	509	294
Purchase of property and equipment, net	−183	−262	−413	−307	−283
Investments in finance affiliate	−14	−10	−44	−59	−42
Distributions from finance affiliate	62	68	37	31	60
Investments in and distributions from other affiliates	−4	−5	−20	−26	−23
Acquisition of developed technology assets	0	−63	0	0	—
Acquisitions of businesses, net of cash acquired	0	0	−23	42	0
Net cash used for investing activities	−140	−271	−462	−325	−304
Borrowings under financing obligations	3,142	3,695	2,770	2,988	2,424
Repayments under financing obligations	−3,685	−3,529	−2,928	−2,730	2,073
Repurchase and retirement of common shares	−2	−83	−179	−505	−462
Cash dividends to shareholders	−150	−148	−147	−150	−153
Cash dividend to noncontrolling interest	−400,000	−600,000	0	0	—
Proceeds from stock issuances under employee plans	4	6	53	34	156
Net cash used for financing activities	−693	−59	−431	−363	−108
Impact of currency exchange rates on cash balances	25	−18	11	−10	−11
Net (decrease) increase in cash, cash equivalents and restricted cash	−67	−80	43	−189	−128
Interest paid on financing obligations	126	142	121	71	45
Income taxes paid	47	124	187	194	124

Filings

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Frequently asked questions

What is Polaris Inc.'s CIK number?

Polaris Inc.'s SEC CIK number is 0000931015 (931015). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Polaris Inc.'s SEC filings?

All of Polaris Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Polaris Inc. last report earnings?

Polaris Inc. (PII) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-027677). This is Polaris Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Polaris Inc.'s most recent earnings 8-K?

Polaris Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001628280-26-027677. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Polaris Inc.'s latest earnings 8-K →
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