Polaris Quarterly Cash Flow Statement
NYSE: PIIConsumer DiscretionaryIndustrial SpecialtiesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Polaris free cash flow
In the quarter ended Mar 31, 2026, Polaris generated -$320.2 million of operating cash flow and spent $29.7 million on capital expenditures. That left free cash flow of -$349.9 million, a free-cash-flow margin of -21.1% of revenue. Free cash flow was down 835.1% from the prior year's $47.6 million.
Polaris returned $47.9 million to shareholders: $38.7 million in dividends and $9.2 million in share repurchases.
Summary generated from market data by MetaCap's automated system. Methodology
Polaris cash flow statement (quarterly)
| Quarter (USD) | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 | Q2 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | -47.20M | -303.30M | -15.70M | -79.10M | -66.70M | 10.80M | 27.60M | 68.90M | 3.90M | 103.30M | 151.50M | 134.30M |
| Net Income growth (YoY) | — | -2908.33% | -156.88% | -214.80% | -1810.26% | -89.55% | -81.78% | -48.70% | -96.57% | -47.16% | -18.81% | — |
| Depreciation & Amortization | 63.20M | 67.60M | 72.60M | 72.90M | 73.40M | 79.50M | 74.40M | 69.50M | 62.90M | 72.00M | 66.40M | 58.70M |
| Stock-Based Compensation | 20.70M | 10.80M | 16.30M | 20.20M | 12.60M | 10.80M | 10.00M | 15.90M | 12.50M | 12.60M | 15.20M | 14.90M |
| Change in Working Capital | -344.40M | 139.30M | 57.70M | 244.70M | 86.40M | 101.10M | -17.10M | 19.50M | -160.10M | 381.70M | -158.60M | 69.70M |
| Operating Cash Flow | -320.20M | 178.70M | 158.80M | 320.30M | 83.20M | 206.30M | 21.00M | 146.30M | -105.40M | 549.80M | 28.10M | 223.70M |
| Capital Expenditures | -29.70M | -64.70M | -42.10M | -40.50M | -35.60M | -69.00M | -53.40M | -67.20M | -72.10M | -100.90M | -105.50M | -111.80M |
| Investing Cash Flow | -121.60M | -62.70M | -17.10M | -31.40M | -28.30M | -52.70M | -52.40M | -109.10M | -56.70M | -116.10M | -155.80M | -101.00M |
| Dividends Paid | -38.70M | -37.30M | -37.90M | -37.60M | -37.50M | -37.00M | -36.60M | -36.80M | -37.30M | -36.70M | -36.70M | -36.90M |
| Share Repurchases | -9.20M | 0 | 0 | 0 | -2.40M | -400.00K | 0 | -66.30M | -16.00M | -19.20M | -58.30M | -38.30M |
| Debt Issued | — | 1.31B | 456.90M | 674.40M | 704.50M | 850.30M | 1.14B | 859.80M | 842.00M | 859.50M | 560.10M | 777.00M |
| Debt Repaid | -6.70M | -1.50B | -550.10M | -1.63B | -6.90M | -955.50M | -1.11B | -785.90M | -676.70M | -1.18B | -403.40M | -821.00M |
| Financing Cash Flow | 506.60M | -233.80M | -130.30M | -272.00M | -56.90M | -142.00M | -4.60M | -28.30M | 115.70M | -369.90M | 88.80M | -108.60M |
| Net Change in Cash | 61.90M | -115.20M | 11.60M | 32.80M | 4.10M | -3.40M | -31.20M | 3.90M | -49.20M | 72.40M | -44.90M | 17.30M |
| Free Cash Flow | -349.90M | 114.00M | 116.70M | 279.80M | 47.60M | 137.30M | -32.40M | 79.10M | -177.50M | 448.90M | -77.40M | 111.90M |
This table shows 12 quarterly periods of Polaris's cash flow statement, from Q1 2026 back to Q2 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow PII's reporting calendar. What is a cash flow statement?