Polaris Quarterly Income Statement
NYSE: PIIConsumer DiscretionaryIndustrial SpecialtiesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Polaris revenue and earnings
In the quarter ended Mar 31, 2026, Polaris generated $1.66 billion in revenue, up 8.0% from the same quarter a year earlier. Polaris reported a net loss of $47.4 million, compared with a loss of $66.8 million a year earlier. Gross margin was 20.2% (up from 16.0%) and operating margin -2.4%.
Diluted earnings per share came in at -$0.83.
Summary generated from market data by MetaCap's automated system. Methodology
Polaris income 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.66B | 1.92B | 1.84B | 1.85B | 1.54B | 1.76B | 1.72B | 1.96B | 1.74B | 2.29B | 2.25B | 2.22B |
| Revenue growth (YoY) | +8.00% | +9.49% | +6.92% | -5.53% | -11.55% | -23.32% | -23.41% | -11.52% | -20.34% | -4.78% | -3.92% | +7.46% |
| Cost of Revenue | 1.32B | 1.54B | 1.46B | 1.49B | 1.29B | 1.40B | 1.37B | 1.54B | 1.41B | 1.81B | 1.74B | 1.71B |
| Gross Profit | 334.80M | 384.20M | 380.30M | 359.20M | 245.00M | 357.90M | 354.60M | 424.00M | 330.30M | 476.90M | 508.80M | 505.00M |
| Operating Expenses | 390.00M | 724.00M | 379.60M | 394.90M | 303.20M | 318.20M | 312.60M | 329.80M | 313.20M | 356.70M | 328.20M | 329.60M |
| Research & Development | 82.30M | 105.90M | 92.80M | 90.30M | 82.90M | 78.20M | 84.10M | 86.80M | 87.80M | 92.80M | 91.80M | 93.20M |
| Selling, General & Admin | 276.10M | 330.00M | 244.50M | 252.00M | 220.30M | 240.00M | 228.50M | 243.00M | 225.40M | 263.90M | 236.40M | 236.40M |
| Operating Income | -39.10M | -320.10M | 20.40M | -12.90M | -36.10M | 65.80M | 66.10M | 119.70M | 39.00M | 142.70M | 201.10M | 196.00M |
| Interest Expense | 30.40M | 31.00M | 33.10M | 33.20M | 34.10M | 34.30M | 36.20M | 34.60M | 31.90M | 32.80M | 32.50M | 31.40M |
| Other Income (Expense) | 11.80M | -5.80M | 600.00K | -46.50M | -900.00K | -19.30M | 5.10M | 800.00K | 600.00K | 10.90M | 13.10M | 8.10M |
| Pretax Income | -57.70M | -356.90M | -12.10M | -92.60M | -71.10M | 12.20M | 35.00M | 85.90M | 7.70M | 120.80M | 181.70M | 172.70M |
| Income Tax | -10.50M | -53.60M | 3.60M | -13.50M | -4.40M | 1.40M | 7.40M | 17.00M | 3.80M | 17.50M | 30.20M | 38.40M |
| Net Income | -47.40M | -303.60M | -15.80M | -79.30M | -66.80M | 10.60M | 27.70M | 68.70M | 3.80M | 103.40M | 151.70M | 134.30M |
| Net Income growth (YoY) | — | -2964.15% | -157.04% | -215.43% | -1857.89% | -89.75% | -81.74% | -48.85% | -96.65% | -47.11% | -18.57% | — |
| EPS (Basic) | -0.83 | -5.34 | -0.28 | -1.39 | -1.17 | 0.19 | 0.49 | 1.21 | 0.07 | 1.81 | 2.66 | 2.35 |
| EPS (Diluted) | -0.83 | -5.34 | -0.28 | -1.39 | -1.17 | 0.18 | 0.49 | 1.21 | 0.07 | 1.82 | 2.62 | 2.32 |
| Shares Outstanding (Basic) | 57.40M | — | 56.90M | 57.00M | 56.90M | — | 56.20M | 56.60M | 56.90M | — | 57.00M | 57.20M |
| Shares Outstanding (Diluted) | 57.40M | — | 56.90M | 57.00M | 56.90M | — | 56.50M | 56.90M | 57.20M | — | 57.80M | 57.80M |
| EBITDA | 24.10M | -252.50M | 93.00M | 60.00M | 37.30M | 145.30M | 140.50M | 189.20M | 101.90M | 214.70M | 267.50M | 254.70M |
| Gross Margin | 20.18% | 19.99% | 20.65% | 19.39% | 15.95% | 20.39% | 20.59% | 21.62% | 19.02% | 20.83% | 22.62% | 22.78% |
| Operating Margin | -2.36% | -16.66% | 111.00% | -70.00% | -2.35% | 3.75% | 3.84% | 6.10% | 2.25% | 6.23% | 8.94% | 8.84% |
| Net Margin | -2.86% | -15.80% | -86.00% | -4.28% | -4.35% | 60.00% | 1.61% | 3.50% | 22.00% | 4.52% | 6.75% | 6.06% |
This table shows 12 quarterly periods of Polaris's income statement, from Q1 2026 back to Q2 2023, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow PII's reporting calendar. What is a income statement?