---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-003502"
form_type: "8-K"
ticker: "PII"
cik: "0000931015"
company_name: "Polaris Inc."
filed_at: "2026-01-27T23:59:59+00:00"
generated_at: "2026-05-16T07:47:34.308459+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Polaris Q4 net loss $304M on impairments; guides 2026 adjusted EPS $1.50-$1.60

## Summary
- Q4 reported net loss $304M ($5.34 per share) vs prior year net income $11M, driven by $288M impairment from Indian Motorcycle hold-for-sale.
- Adjusted Q4 EPS $0.08 (down 91% YoY); full year adjusted EPS loss $0.01 on $7.15B sales flat YoY.
- Gained market share in all segments for full year 2025; ORV retail up 5% in Q4.
- 2026 guidance: sales +1-3%, adjusted diluted EPS $1.50-$1.60, vs 2025 adjusted loss $0.01.
- Q4 sales up 9% to $1.92B; gross margin down 40bps to 20.0% due to tariffs and net price.

## SEC filing metadata
- accession: 0001628280-26-003502
- form_type: 8-K
- ticker: PII
- cik: 0000931015
- company_name: Polaris Inc.
- filed_at: 2026-01-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/931015/000162828026003502/0001628280-26-003502-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/931015/000162828026003502/pii-20260127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-003502
- JSON: https://secwatch.observer/filing/0001628280-26-003502.json
- Plain text: https://secwatch.observer/filing/0001628280-26-003502.txt

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