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Polaris (PII) R&D spending by quarter

Polaris' R&D spending was $82.3M in Q1 2026 (first quarter 2026), -22% from Q4 2025. Over the last 4 quarters it ranged from $82.3M (Q1 2026) to $106M (Q4 2025).

Polaris R&D spending by quarterPolaris R&D spending by quarter$90.3MQ2 2025$92.8MQ3 2025$106MQ4 2025$82.3MQ1 2026
QuarterR&D spendingQ/QY/Y
Q1 2026$82.3M-22%—
Q4 2025$106M+14%—
Q3 2025$92.8M+3%—
Q2 2025$90.3M——

Q1 2026 at a glance

Polaris, Q1 2026: revenue $1.7B (+8% year over year), operating margin -2.4%, net loss $47.2M, operating cash flow −$320M. The chart follows the revenue to costs, profit and cash.

Questions

What is Polaris' R&D spending?

Polaris' R&D spending was $82.3M in Q1 2026 (first quarter 2026), -22% from Q4 2025.

How has Polaris' R&D spending changed?

Over the last 4 quarters it ranged from $82.3M (Q1 2026) to $106M (Q4 2025).

Q1 2026 results → · How Polaris makes money →