北极星 2026年季度报告

FORM 10-Q (Mark one) For the transition period from toCommission File Number 1-11411 POLARIS INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdictionofincorporation or organization) 2100 Highway 55, MedinaMN Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has beensubject to such filing requirements for the past 90days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant wasrequired to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company”and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As of July21, 2026, 56,903,524shares of Common Stock, $.01par value, of the registrant were outstanding. POLARIS INC.FORM 10-QFor Quarterly Period Ended June 30, 2026 Part I FINANCIAL INFORMATIONItem1 – Financial StatementsConsolidated Balance SheetsConsolidated Statements of Income (Loss)Consolidated Statements of Comprehensive Income (Loss)Consolidated Statements of EquityConsolidated Statements of Cash FlowsNotes to Consolidated Financial StatementsItem 2 – Management’s Discussion and Analysis of Financial Condition and Results of OperationsResults of OperationsLiquidity and Capital ResourcesCritical Accounting PoliciesNote Regarding Forward-Looking StatementsItem 3 – Quantitative and Qualitative Disclosures About Market RiskItem 4 – Controls and ProceduresPart II OTHER INFORMATIONItem 1 – Legal ProceedingsItem 1A – Risk FactorsItem 2 – Unregistered Sales of Equity Securities and Use of ProceedsItem 5 – Other InformationItem 6 – ExhibitsSIGNATURES POLARIS INC.CONSOLIDATED BALANCE SHEETS(In millions, except per share data) POLARIS INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(In millions)(Unaudited) The accompanying footnotes are an integral part of these consolidated statements. POLARIS INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions)(Unaudited) POLARIS INC.NOTESTO CONSOLIDATED FINANCIAL STATEMENTS Note 1. Basis of Presentation and Significant Accounting Policies Basis of presentation.The accompanying unaudited consolidated financial statements of Polaris Inc. (“Polaris” or the “Company”)have been prepared in accordance with accounting principles generally accepted in the United States for interim financial statementsand, therefore, do not include all information and disclosures of results of operations, financial position, and changes in cash flow inconformity with accounting principles generally accepted in the United States for complete financial statements. Accordingly, suchstatements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December31, 2025previously filed with the Securities and Exchange Commission (“SEC”). In the opinion of management, such statements reflect alladjustments (which include only normal recurring adjustments) necessary for a fair presentation of the financial position, results ofoperations, equity, and cash flows for the periods presented. Due to the seasonality trends for certain products and certain changes inproduction and shipping cycles, results of such periods are not necessarily indicative of the results to be expected for the completeyear. Reclassifications.Reclassifications of certain prior year reportable segment results have been made to conform to the current-yearpresentation. See Note 11 for additional information. The reclassifications had no impact on the consolidated balance sheets,statements of income (loss), comprehensive income (loss), equity, or cash flows, as previously reported. In addition, the prior yearpresentation of revolving loan facility activity and impairment charges in the consolidated statements of cash flows has beenconformed to the current-year presentation. The reclassifications had no impact on