Harley-Davidson Q4 diluted EPS loss $2.44, FY25 revenue down 14%; provides weak 2026 outlook

HARLEY-DAVIDSON, INC.

2025-FY EPS reported $2.78 revenue$4,473,175,000

FY25 diluted EPS $2.78 (down 19% YoY); consolidated revenue $4.47B (-14%); HDMC operating loss $29M vs profit $278M in FY24.
Q4 diluted EPS loss $2.44 (vs loss $0.93); revenue $496M (-28%); HDMC shipments 13,515 units (-4%).
HDFS full-year operating income $490M record high, driven by KKR/PIMCO partnership; $1B dividend to HDI in Q4.
2026 guidance: HDMC retail/wholesale 130-135K units; HDMC operating income -$40M to $10M; HDFS operating income $45-60M.

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