Polaris Inc.

For the period ended Sep 30, 2025. Filed Oct 28, 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.

Sep 30, 2025 · Filed Oct 28, 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 September 30,		Nine months ended September 30,
	2025	2024	2025	2024
Sales	$1,841.6	$1,722.4	$5,230.1	$5,420.0
Cost of sales	1,461.3	1,367.8	4,245.6	4,311.1
Gross profit	380.3	354.6	984.5	1,108.9
Operating expenses:
Selling and marketing	126.7	127.6	368.9	386.6
Research and development	92.8	84.1	266.0	258.7
General and administrative	117.8	100.9	347.9	310.3
Long-lived asset impairment	42.3	—	42.3	—
Goodwill impairment	—	—	52.6	—
Total operating expenses	379.6	312.6	1,077.7	955.6
Income from financial services	19.7	24.1	64.6	71.5
Operating income (loss)	20.4	66.1	(28.6)	224.8
Non-operating expense:
Interest expense	33.1	36.2	100.4	102.7
Other (income) expense, net	(0.6)	(5.1)	46.8	(6.5)
(Loss) income before income taxes	(12.1)	35.0	(175.8)	128.6
Provision (benefit) for income taxes	3.6	7.4	(14.3)	28.2
Net (loss) income	(15.7)	27.6	(161.5)	100.4
Net (income) loss attributable to noncontrolling interest	(0.1)	0.1	(0.4)	(0.2)
Net (loss) income attributable to Polaris Inc.	$(15.8)	$27.7	$(161.9)	$100.2
Net (loss) income per share attributable to Polaris Inc. common shareholders:
Basic	$(0.28)	$0.49	$(2.84)	$1.77
Diluted	$(0.28)	$0.49	$(2.84)	$1.76
Weighted average shares outstanding:
Basic	56.9	56.2	56.9	56.6
Diluted	56.9	56.5	56.9	56.9

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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.