PII at a glance
Polaris Inc. (PII, SEC CIK 931015) filed its latest 10-K annual report on February 13, 2026, a 10-Q quarterly report on July 28, 2026, an 8-K current report on July 28, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Polaris Inc. (PII) reported revenue of $7.2 billion (down 0.3% from FY2024) and a net loss of $465.5 million. Diluted EPS was -$8.18.
- As of June 30, 2026, 33 institutional investment managers tracked by SignalX reported holding Polaris Inc. (PII) shares worth $1.8 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $7.2B
- −0.3% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 33 funds
- $1.8B · −1 vs prior quarter
- Latest 8-K
- Jul 28, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Manufacturer and seller of powersports vehicles and related products
- New 2025 Deferred Tax Asset Valuation Allowance increased sharply to $55.4 million from $21.4 million in 2024
- Strategic emphasis on corporate governance and executive compensation transparency through Proxy Statement incorporation by reference
- Inventory reserve reduced to $95.6 million in 2025 from $109.6 million in 2024, indicating improved inventory management
- Amendment No. 9 to Fourth Amended and Restated Credit Agreement executed June 27, 2025, updating financing terms
Risk Factors
- Regulatory risk: Increased restrictions on per-and polyfluoroalkyl substances (PFAS) may disrupt supply chain, impacting product costs and availability
- Geopolitical risk: Tariffs on imports to U.S. from certain countries increase supply chain challenges; manufacturing partly in Mexico exposes sales to tariff impacts
- Operational risk: Dependence on single-source suppliers and geographic concentration risks supply disruptions, affecting production schedules and revenues
- Competitive risk: Need to innovate in digital and electrification markets to compete with technologically advanced rivals investing in AI and product development
- Financial risk: Customer financing arrangements with Wells Fargo and Huntington Bancshares involve repurchase obligations that could strain liquidity amid higher loan defaults
Management Discussion & Analysis
- Revenue $7.15B, flat YoY vs $7.18B in 2024; 3% volume decline offset by 3% price/mix increase
- Gross profit $1.37B down 7%, margin 19.1% vs 20.4% in 2024; operating loss $(348.7)M vs income $290.6M
- Best segment: Off Road $5.71B sales flat, 20.2% margin; Worst segment: On Road $926M sales down 6%, 17.0% margin
- Operating cash flow $741M up $473M YoY; financing used $(693)M including $544M debt repayment; no stock buybacks
- 2026 Q1 dividend raised 1% to $0.68/share; risks include tariff impacts, supply chain challenges, economic uncertainty
AI summary of the PII 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 revenue $2,022.8M, up 9% YoY from $1,852.7M, driven by shipments and pricing
- Gross margin 23.6% vs 19.4% YoY; adjusted EBITDA margin 11.8% vs 6.4%
- Polaris Powersports sales $1,715.2M, up 17%; Aixam & Goupil weakest growth at 6%
- Operating cash flow $(90.0)M vs $403.5M YoY; financing provided $327.8M
- Tariff refunds $73.9M; ongoing tariff costs, supply-chain challenges, inflation, and consumer pressure headwinds
Risk Factors
- No risk-factors section provided in submitted text
- Share-repurchase authorization: $1.1 billion remaining as of June 30, 2026
- No fiscal-quarter Rule 10b5-1 or non-Rule 10b5-1 trading arrangements adopted, modified, or terminated
AI summary of the PII 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results cover the reporting period ended June 30, 2026
- Earnings release issued July 28, 2026, with investor access through Polaris’s website
Item EX-99.1: Item EX-99.1
- Dustin J. Semach appointed Polaris director effective June 19, 2026
- Sealed Air President and CEO adds finance, operations, technology, and transformation expertise
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Dustin J. Semach appointed Class III director effective June 19, 2026
- Sealed Air CEO brings public-company, finance, technology, transformation, and M&A experience
Item 5.07: Submission of Matters to a Vote of Security Holders
- 51,080,000 of 56,615,893 shares voted at the April 30 annual meeting
- Three Class II directors elected for terms ending 2029, preserving board continuity
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Stockholders approved 4.58 million additional shares for Polaris’ incentive plan
- Total authorized Plan shares increased from 4.325 million to 8.905 million
AI summaries of PII 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for PII
Don't miss the next PII filing
- Alerts as it files. A push when PII files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut PII, by share count.
- Ask anything. An AI agent that reads every PII filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Hendrickson Gary E | A | Oct 1, 2026 | 608.65 | $52.37 |
| Semach Dustin J. | A | Oct 1, 2026 | 632.52 | $52.37 |
| Henricks Gwenne A. | A | Oct 1, 2026 | 608.65 | $52.37 |
| KESSLER BERND F | A | Oct 1, 2026 | 656.39 | $52.37 |
| Bilicic George W | A | Oct 1, 2026 | 692.19 | $52.37 |
| Shotwell Gwynne | A | Oct 1, 2026 | 608.65 | $52.37 |
| Mack Robert Paul | M | Sep 1, 2026 | 23 | - |
| Mack Robert Paul | M | Sep 1, 2026 | 23 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $7.2B | $7.2B |
| Gross Profit | - | $1.5B | $1.4B |
| Operating Income | - | $290.6M | -$348.7M |
| Net Income | - | $110.8M | -$465.5M |
| Gross Margin | - | 20.4% | 19.1% |
| Op. Margin | - | 4.0% | -4.9% |
| Net Margin | - | 1.5% | -6.5% |
| Balance Sheet | |||
| Total Assets | $5.5B | $5.5B | $4.9B |
| Equity | $1.4B | $1.3B | $828.4M |
| ROE | - | 8.6% | -56.2% |
| Per Share | |||
| EPS | - | $1.95 | $-8.18 |
| Cash Flow | |||
| Operating CF | - | $268.2M | $741.0M |
| CapEx | - | $261.7M | $182.9M |
Source: XBRL data in Polaris Inc. (PII)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate PII share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 33 | $1.83B |
| Q1 2026 | 34 | $1.59B |
| Q4 2025 | 31 | $1.80B |
| Q3 2025 | 30 | $1.64B |
| Q2 2025 | 30 | $1.11B |
| Q1 2025 | 27 | $717.4M |
| Q4 2024 | 24 | $800.1M |
| Q3 2024 | 23 | $566.7M |
- AQR Capital Management+390.8K (+18%)
- BlackRock+269.8K (+4%)
- State Street Corp+121.0K (+5%)
- Vanguard Portfolio Management LLC+105.8K (+4%)
- D.E. Shaw & Co+54.2K (+667%)
- Goldman Sachs Group−914.7K (-47%)
- Morgan Stanley−715.7K (-41%)
- Citadel Advisors LLC−705.1K (-83%)
- Millennium Management−496.1K (-70%)
- Dimensional Fund Advisors−206.1K (-13%)
- Blackstone Group−13.6K
Source: 13F-HR filings on SEC EDGAR (aggregated from 232 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
PII filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| SC 13G | Jul 31, 2026 | - | - | |
| SC 13G | Jul 31, 2026 | - | - | |
| 10-Q | Jul 28, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 28, 2026 | - | Analysis | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 8-K | Jun 22, 2026 | - | Analysis | - |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 1, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
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PII SEC filings: frequently asked questions
Which institutions hold PII stock?
As of June 30, 2026, the largest Polaris Inc. (PII) holders among the 13F filers tracked by SignalX were BlackRock ($501.4 million), Vanguard Portfolio Management LLC ($198.0 million), State Street Corp ($184.3 million), AQR Capital Management ($175.6 million), Vanguard Capital Management LLC ($166.6 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was PII's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Polaris Inc. (PII) reported revenue of $7.2 billion (down 0.3% from FY2024) and a net loss of $465.5 million. Diluted EPS was -$8.18. The figures come from the XBRL data in the 10-K.
What are the main risks in PII's latest 10-K?
In the 10-K filed February 13, 2026, Polaris Inc. (PII) flagged: Regulatory risk: Increased restrictions on per-and polyfluoroalkyl substances (PFAS) may disrupt supply chain, impacting product costs and availability. Geopolitical risk: Tariffs on imports to U.S. from certain countries increase supply chain challenges; manufacturing partly in Mexico exposes sales to tariff impacts. (AI summary of the Risk Factors section.)
What did PII report in its latest 8-K?
Polaris Inc. (PII) filed an 8-K on July 28, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 2026 results cover the reporting period ended June 30, 2026.
What are the latest PII SEC filings?
Polaris Inc. (PII) filed its latest 10-K annual report on February 13, 2026, a 10-Q quarterly report on July 28, 2026, an 8-K current report on July 28, 2026 and a Form 4 insider filing on October 2, 2026.
What is PII's SEC CIK number?
Polaris Inc. (PII)'s SEC Central Index Key (CIK) is 931015. EDGAR lists every PII filing under that number.
Ask anything about PII
The research agent reads PII's filings, financials, insider trades and 13F holders, then answers with sources.