BRP Inc. Q1 2026 Financial Results: Revenue Growth with Lower Net Income

BRP Inc. filed its Q1 2026 financial results for the three-month period ended April 30, 2026. The company reported strong revenue growth of 29.5% to $2.39 billion, up from $1.85 billion in Q1 2025, driven by increased sales across all product categories. However, net income decreased to $128.9 million from $150.1 million in the prior year period, primarily due to higher income tax expenses ($47.5 million vs $14.0 million) and increased operating expenses. Gross profit improved significantly to $561.6 million from $394.8 million, with gross margin expanding to 23.5% from 21.4%. The company maintained strong cash flow generation with $425.5 million from operating activities, ending the quarter with $696.8 million in cash. BRP continued its share repurchase program, buying back 438,200 subordinate voting shares for $44.5 million, while also issuing shares for stock option exercises.