0001628280-26-008033
SEC filingPolaris Inc. reported FY 2025 sales of $7.15B, with gross profit of $1.37B reflecting a gross margin of 19.2%. The company posted an operating loss of -$348.7M and net loss of -$465.5M attributable to common shareholders, or -$8 per basic and diluted share. Key pressures included total operating expenses of $1.80B, goodwill impairment loss of $52.6M, and loss on disposal group held for sale of $330.4M. Despite the net loss, operating cash flow was strong at $741.0M, driven by adjustments including depreciation of $286.5M and changes in working capital such as accounts payable increase of $196.7M offsetting inventory buildup of -$183.6M. Investing activities used -$139.5M primarily for property and equipment purchases of $182.9M, while financing activities used -$693.0M including debt repayments exceeding borrowings and $150.3M in dividends. Balance sheet shows total assets of $4.89B, current liabilities of $2.24B, long-term debt of $1.50B, and shareholders' equity of $828.4M. Cash ended at $138.0M, down from prior period levels amid net cash decrease of -$66.7M. No prior year figures disclosed in filing.
Polaris Inc. (PII) reported FY 2025 results ending December 31, 2025, with sales of $7.15B and cost of sales $5.78B yielding gross profit of $1.37B. Operating expenses totaled $1.80B, including selling and marketing $505.0M, R&D $371.9M, G&A $541.8M, goodwill impairment $52.6M, and loss on disposal group held for sale $330.4M. Income from financial services added $84.3M, but operating loss was -$348.7M. Interest expense $131.4M and other net income -$52.6M led to pretax loss of -$532.7M. Tax benefit of -$67.9M resulted in net loss -$464.8M, or -$465.5M attributable to common shareholders. EPS was -$8 basic and diluted on 56.9M weighted shares. Balance sheet total assets $4.89B, liabilities $4.05B, equity $832.9M. No prior year comparisons provided in filing. (148 words)
Sales totaled $7.15B for FY 2025. No segment breakdown, geographic mix, or growth drivers disclosed in the provided XBRL data or document content. Product and service axes marked N/A. Financial services income contributed $84.3M separately from core sales. No YoY revenue changes or specific drivers reported. (62 words)
Gross margin was 19.2% ($1.37B gross profit / $7.15B sales). Operating margin -4.9% reflecting high operating expenses of $1.80B (25.2% of sales) versus gross profit. Key cost pressures: disposal loss $330.4M, impairments, and elevated G&A $541.8M. No prior period margins for comparison. Tax benefit improved net results slightly from pretax loss. (78 words)
Operating cash flow $741.0M despite net loss -$464.8M, boosted by depreciation $286.5M, impairment charges $155.9M, accounts payable +$196.7M, accrued expenses +$137.4M, offset by inventories -$183.6M. Investing outflow -$139.5M mainly property/equipment -$182.9M. Financing outflow -$693.0M from net debt repayments ($3.69B vs $3.14B borrowings), dividends $150.3M. Net cash decrease -$66.7M; ending cash $138.0M. Current assets $2.21B (inventories $1.41B), current liabilities $2.24B, long-term debt $1.50B, equity $828.4M. Interest paid $125.5M, taxes $47.2M. Free cash flow not directly stated. (132 words)
No management guidance, strategic priorities, or risk factors explicitly disclosed in the provided filing content or XBRL data. Forward-looking statements absent from extracted sections.