Polaris Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on October 27, 2026, reporting third-quarter net income attributable to Polaris Inc. of $38.4 million compared to a net loss of $15.8 million in the same period of 2025.

Key Highlights

  • Q3 2026 sales: $2,042.6 million, up from $1,841.6 million in Q3 2025, according to the filing.
  • Q3 2026 gross profit: $432.4 million, compared to $380.3 million in Q3 2025.
  • Q3 2026 diluted EPS: $0.66 per share, versus a loss of $0.28 per share in Q3 2025.
  • Nine-month net income: $97.4 million attributable to Polaris Inc. for the nine months ended September 30, 2026, compared to a net loss of $161.9 million in the same prior-year period.
  • Total assets: $5,051.3 million as of September 30, 2026, up from $4,893.7 million at December 31, 2025.
  • Shares outstanding: 56,925,967 shares of common stock as of October 20, 2026.
  • Quarterly dividend: $0.68 per share declared and paid for the three-month period ended September 30, 2026.

Polaris Inc. Reports Return to Profitability in Third Quarter and First Nine Months of 2026

According to the filing, Polaris Inc. (NYSE:PII) reported sales of $2,042.6 million for the three months ended September 30, 2026, an increase from $1,841.6 million in the corresponding quarter of 2025. Cost of sales for the quarter was $1,610.2 million, producing a gross profit of $432.4 million. Operating income for the quarter reached $73.4 million, compared to operating income of $20.4 million in Q3 2025. The company disclosed net income of $38.6 million for the quarter, with $38.4 million attributable to Polaris Inc. shareholders.

For the nine months ended September 30, 2026, the filing reported sales of $5,724.1 million versus $5,230.1 million in the first nine months of 2025. Gross profit for the nine-month period was $1,245.5 million, compared to $984.5 million a year earlier. Total operating expenses for the nine months were $1,111.8 million, which included a loss on disposal groups of $30.9 million. The filing reported no goodwill impairment charge in the nine months ended September 30, 2026, whereas the prior-year period included a $52.6 million goodwill impairment. Operating income for the nine-month period was $183.1 million, compared to an operating loss of $28.6 million in the same period of 2025. Net income attributable to Polaris Inc. for the nine months was $97.4 million, or $1.67 diluted earnings per share, versus a net loss attributable to Polaris Inc. of $161.9 million, or $2.84 loss per diluted share, a year earlier.

The consolidated balance sheet as of September 30, 2026 reflected total assets of $5,051.3 million and total liabilities of $4,199.7 million. Cash and cash equivalents were $301.7 million, up from $138.0 million at December 31, 2025. Inventories, net, stood at $1,544.9 million. Long-term financing obligations were $1,593.2 million. Total shareholders' equity was $844.5 million, with an accumulated deficit of $496.3 million and accumulated other comprehensive loss of $44.1 million. The filing noted that 56.9 million shares of common stock were issued and outstanding as of September 30, 2026, and that the company declared and paid a dividend of $0.68 per share for the three-month period ended September 30, 2026.

What Was Disclosed

Polaris Inc. filed a Form 10-Q for the quarter ended September 30, 2026, disclosing quarterly sales of $2,042.6 million, net income attributable to Polaris Inc. of $38.4 million, diluted EPS of $0.66, total assets of $5,051.3 million, and a quarterly dividend of $0.68 per share.