What is Polaris's income tax?

Polaris (PII) reported income tax of -$10.5M in Q1 2026.

How has Polaris's income tax changed year-over-year?

Polaris's income tax decreased by 138.6% year-over-year, from -$4.4M to -$10.5M.

What is the long-term trend for Polaris's income tax?

Over 4 years (2021 to 2025), Polaris's income tax has grown at a -15.4% compound annual growth rate (CAGR), from $132.3M to -$67.9M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Polaris PII Income Tax

Income Tax at other companies

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$5.9M-25.3%

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$22.3M+25.0%

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$17.97M-61.9%

Thor IndustriesTHO

$37.94M+75.2%

LKQLKQ

$44M-27.9%

Rivian Automotive, Inc.RIVN

-$2M-200%

Other financials

Income statement

See full

Revenue$1.7B+8.0%

Gross profit$334.8M+36.7%

Operating income-$39.1M-8.3%

Net income-$47.4M+29.0%

EPS (diluted)-$0.83+29.1%

Balance sheet

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Cash & equivalents$282.0M-3.3%

Total debt$2.1B+1.4%

Total equity$750.4M-38.8%

Total assets$5.2B-3.8%

Cash flow

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Operating cash flow-$320.2M-485%

CapEx$29.7M-16.6%

Free cash flow-$349.9M-835%

Valuation

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Market cap$3.91B+34.8%

Profitability

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Gross margin20%+0.2pp

Operating margin-4.8%-7.9pp

Net margin-6.1%-6.7pp

FCF margin2.2%-1.1pp

Returns & leverage

See full

Return on equity-45.1%-48.2pp

Debt / equity2.8×+1.1×

Current ratio1.2×+0.1×

Where this comes from

Reported directly by Polaris in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Polaris’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Polaris's income tax?: Polaris (PII) reported income tax of -$10.5M in Q1 2026.
How has Polaris's income tax changed year-over-year?: Polaris's income tax decreased by 138.6% year-over-year, from -$4.4M to -$10.5M.
What is the long-term trend for Polaris's income tax?: Over 4 years (2021 to 2025), Polaris's income tax has grown at a -15.4% compound annual growth rate (CAGR), from $132.3M to -$67.9M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.