FY2025 · ended Dec 31, 2025 · Revenue $7.15B, -0.3% YoY · Filed Feb 13, 2026
Polaris Inc. (PII) files with the SEC under industry code 3790, Miscellaneous Transportation Equipment. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $7.2 billion and a net loss of $465.5 million. Free cash flow was $558.1 million. As of Sep 30, 2026 it held $301.7 million in cash and investments and $1.8 billion in total debt.
Revenue (TTM)
$7.65B
+9.5% vs year-ago TTM
Net income (TTM)
$-206.20M
-36.3% vs year-ago TTM
Operating cash flow (TTM)
$470.50M
-38.8% vs year-ago TTM
Free cash flow (TTM)
$265.50M
-54.3% vs year-ago TTM
EPS (TTM)
$-3.56
-33.6% vs year-ago TTM
Dividend per share (TTM)
$2.71
+1.5% vs year-ago TTM
Shares outstanding
56.69M
+1.1% vs prior year
Net cash
$-1.46B
as of Sep 30, 2026
Operating margin
-1.8%
FY 2026
Company profile
- Industry
- Miscellaneous Transportation Equipment (SIC 3790)
- Listed as
- PII (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Medina, MN
- SEC filer status
- Large accelerated filer
- SEC CIK
- 931015
- Former names
- POLARIS INDUSTRIES INC/MN (until Jul 23, 2019)
Other Miscellaneous Transportation Equipment companies
- BRP Inc. DOO
- Massimo Group MAMO
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $7.2B | $7.2B | $8.9B | $8.6B | $7.4B |
| Operating income | -$348.7M | $290.6M | $700.9M | $804.5M | $712.0M |
| Net income | -$465.5M | $110.8M | $502.8M | $447.1M | $493.9M |
| Diluted EPS | -$8.18 | $1.95 | $8.71 | $7.44 | $7.88 |
| Operating cash flow | $741.0M | $268.2M | $925.8M | $508.6M | $293.7M |
| Free cash flow | $558.1M | $6.5M | $513.2M | $202.0M | $10.9M |
| Total assets | $4.9B | $5.5B | $5.5B | $5.2B | $5.0B |
| Total liabilities | $4.1B | $4.2B | $4.1B | $4.1B | $3.8B |
| Stockholders' equity | $828.4M | $1.3B | $1.4B | $1.1B | $1.2B |
| Cash and investments | $138.0M | $287.8M | $367.8M | $324.5M | $502.3M |
| Total debt | $1.6B | $2.2B | $2.0B | $2.2B | $2.0B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 27, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 27, 2026 | Oct 27, 2026 |
| 10-Q | Quarterly report | Jul 28, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 28, 2026 | Jul 28, 2026 |
| 8-K |
Current report
Officer or director change
|
Jun 22, 2026 | Jun 19, 2026 |
| 8-K |
Current report
Officer or director change, Shareholder vote results
|
May 1, 2026 | Apr 30, 2026 |
All 1007 Polaris Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.