---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-036283"
form_type: "8-K"
ticker: "PII"
cik: "0000931015"
company_name: "Polaris Inc."
filed_at: "2025-07-29T23:59:59+00:00"
generated_at: "2026-05-17T23:59:39.457578+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Polaris Q2 net loss $79M; sales down 6%; goodwill impairment hit

## Summary
- Q2 GAAP net loss $79M ($1.39 loss per share); adjusted net income $23M ($0.40 EPS), down 71% YoY.
- Sales $1,853M (-6% YoY); gross margin 19.4% (-223 bps) on negative mix and higher promotions.
- Recorded $52.6M goodwill impairment in On Road segment and $49.4M impairment on strategic investment.
- Q3 2025 sales guidance $1.6-1.8B; full year guidance withheld due to trade and economic uncertainty.
- ORV North America retail flat; Indian Motorcycle retail up low-double digits; market share gains across segments.

## SEC filing metadata
- accession: 0001628280-25-036283
- form_type: 8-K
- ticker: PII
- cik: 0000931015
- company_name: Polaris Inc.
- filed_at: 2025-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/931015/000162828025036283/0001628280-25-036283-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/931015/000162828025036283/pii-20250729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-036283
- JSON: https://secwatch.observer/filing/0001628280-25-036283.json
- Plain text: https://secwatch.observer/filing/0001628280-25-036283.txt

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