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Polaris PII Total Operating Expenses

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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$4.03B+85.9%
Enterprise value$5.87B+48.3%
P/S0.6×+0.2×

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:OperatingExpenses.

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 total operating expenses?
Polaris (PII) reported total operating expenses of $390M in Q1 2026.
How has Polaris's total operating expenses changed year-over-year?
Polaris's total operating expenses increased by 28.6% year-over-year, from $303.2M to $390M.
What is the long-term trend for Polaris's total operating expenses?
Over 4 years (2021 to 2025), Polaris's total operating expenses has grown at a 12.1% compound annual growth rate (CAGR), from $1.14B to $1.8B.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.