Polaris Inc.

For the period ended Jun 30, 2025. Filed Jul 29, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Jul 29, 2025

PII$66.62-0.8%Stored close · as of Nov 10, 2026

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Consolidated Statements of (Loss) Income

(In millions, except per share data)

	Three months ended June 30,		Six months ended June 30,
	2025	2024	2025	2024
Sales	$1,852.7	$1,961.2	$3,388.5	$3,697.6
Cost of sales	1,493.5	1,537.2	2,784.3	2,943.3
Gross profit	359.2	424.0	604.2	754.3
Operating expenses:
Selling and marketing	124.6	132.6	242.2	259.0
Research and development	90.3	86.8	173.2	174.6
General and administrative	127.4	110.4	230.1	209.4
Goodwill impairment	52.6	—	52.6	—
Total operating expenses	394.9	329.8	698.1	643.0
Income from financial services	22.8	25.5	44.9	47.4
Operating (loss) income	(12.9)	119.7	(49.0)	158.7
Non-operating expense:
Interest expense	33.2	34.6	67.3	66.5
Other expense (income), net	46.5	(0.8)	47.4	(1.4)
(Loss) income before income taxes	(92.6)	85.9	(163.7)	93.6
(Benefit) provision for income taxes	(13.5)	17.0	(17.9)	20.8
Net (loss) income	(79.1)	68.9	(145.8)	72.8
Net income attributable to noncontrolling interest	(0.2)	(0.2)	(0.3)	(0.3)
Net (loss) income attributable to Polaris Inc.	$(79.3)	$68.7	$(146.1)	$72.5
Net (loss) income per share attributable to Polaris Inc. common shareholders:
Basic	$(1.39)	$1.21	$(2.57)	$1.28
Diluted	$(1.39)	$1.21	$(2.57)	$1.27
Weighted average shares outstanding:
Basic	57.0	56.6	56.9	56.7
Diluted	57.0	56.9	56.9	57.0

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.