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Polaris PII Retained Earnings

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Other financials

Income statement

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Revenue$2.0B+9.2%
Gross profit$478.3M+33.2%
Operating income$148.8M+1,253%
Net income$106.4M+234%
EPS (diluted)$1.82+231%

Balance sheet

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Cash & equivalents$302.1M-6.8%
Total debt$2.0B+6.3%
Total equity$836.5M-29.4%
Total assets$5.2B-3.5%

Cash flow

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Operating cash flow-$320.2M-485%
CapEx$44.1M+8.9%
Free cash flow-$349.9M-835%

Valuation

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Market cap$3.99B+34.6%
Enterprise value$5.67B+25.9%
P/S0.5×+0.1×

Profitability

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Gross margin21.2%+2.0pp
Operating margin-2.6%-3.8pp
Net margin-3.5%-18.9pp
FCF margin2.2%-1.1pp

Returns & leverage

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Return on equity-25.8%-51.1pp
Debt / equity2.4×+0.8×
Current ratio1.2×+0.2×

Where this comes from

Reported directly by Polaris in its filing.

Tagged under the XBRL concept us-gaap:RetainedEarningsAccumulatedDeficit.

The source filing: Polaris’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 3:39 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050104
Line itemJune 30, 2026December 31, 2025
Preferred stock $0.01 par value per share, 20.0 shares authorized, no shares issued and outstanding
Common stock $0.01 par value per share, 160.0 shares authorized, 56.9 and 56.5 shares issued and outstanding, respectively$0.6$0.6
Additional paid-in capital1,368.21,328.9
Accumulated deficit(496.0)(469.0)
Accumulated other comprehensive loss, net(36.3)(32.1)
Total shareholders’ equity836.5828.4
Noncontrolling interest4.54.5
Total equity841.0832.9

Item 1 – FINANCIAL STATEMENTS

FAQ

What is Polaris's retained earnings?
Polaris (PII) reported retained earnings of -$496M in Q2 2026.
How has Polaris's retained earnings changed year-over-year?
Polaris's retained earnings decreased by 591.8% year-over-year, from -$71.7M to -$496M.
What is the long-term trend for Polaris's retained earnings?
Over 5 years (2020 to 2025), Polaris's retained earnings has grown at a 16.5% compound annual growth rate (CAGR), from $218.4M to -$469M.
What does retained earnings mean?
Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

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