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Polaris PII Total Operating Expenses

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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$4.07B+35.2%
Enterprise value$5.75B+26.2%
P/S0.6×+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:OperatingExpenses.

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 itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
General and administrative142.9127.4305.4230.1
Goodwill impairment52.652.6
(Gain) loss on disposal groups(2.5)29.1
Total operating expenses346.3394.9736.3698.1
Income from financial services16.822.832.944.9
Operating income (loss)148.8(12.9)109.7(49.0)
Non-operating expense:
Interest expense33.733.264.167.3

Item 1 – FINANCIAL STATEMENTS

FAQ

What is Polaris's total operating expenses?
Polaris (PII) reported total operating expenses of $346.3M in Q2 2026.
How has Polaris's total operating expenses changed year-over-year?
Polaris's total operating expenses decreased by 12.3% year-over-year, from $394.9M to $346.3M.
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 8.8% compound annual growth rate (CAGR), from $1.29B 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.

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