---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-020396"
form_type: "8-K"
ticker: "PII"
cik: "0000931015"
company_name: "Polaris Inc."
filed_at: "2025-04-29T23:59:59+00:00"
generated_at: "2026-05-23T04:35:37.722282+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Polaris Q1 net loss $67M, sales down 12%; withdraws FY2025 guidance

## Summary
- Reported diluted EPS loss $1.17; adjusted loss $0.90; sales $1,536M, down 12% YoY.
- Gross margin 16.0%, down 307 bps; net loss $67M vs net income $4M in Q1 2024.
- Off Road sales down 10%, On Road down 20%, Marine down 7%; ORV retail down 11%.
- Withdraws full year 2025 sales and adjusted earnings guidance due to trade/economic uncertainty.
- Q2 2025 sales guidance introduced at $1.6B-$1.8B.

## SEC filing metadata
- accession: 0001628280-25-020396
- form_type: 8-K
- ticker: PII
- cik: 0000931015
- company_name: Polaris Inc.
- filed_at: 2025-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/931015/000162828025020396/0001628280-25-020396-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/931015/000162828025020396/pii-20250429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-020396
- JSON: https://secwatch.observer/filing/0001628280-25-020396.json
- Plain text: https://secwatch.observer/filing/0001628280-25-020396.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.