What is Polaris's R&D?

Polaris (PII) reported R&D of $82.3M in Q1 2026.

How has Polaris's R&D changed year-over-year?

Polaris's R&D decreased by 0.7% year-over-year, from $82.9M to $82.3M.

What is the long-term trend for Polaris's R&D?

Over 4 years (2021 to 2025), Polaris's R&D has grown at a 3.0% compound annual growth rate (CAGR), from $330.6M to $371.9M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Polaris PII R&D

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Other financials

Income statement

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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

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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:ResearchAndDevelopmentExpense.

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 R&D?: Polaris (PII) reported R&D of $82.3M in Q1 2026.
How has Polaris's R&D changed year-over-year?: Polaris's R&D decreased by 0.7% year-over-year, from $82.9M to $82.3M.
What is the long-term trend for Polaris's R&D?: Over 4 years (2021 to 2025), Polaris's R&D has grown at a 3.0% compound annual growth rate (CAGR), from $330.6M to $371.9M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.