Risk Sleuth
PII · 10-K filed 13 Feb 2026 · year to 31 Dec 2025

Polaris

28 named things its latest annual report says its results depend on, each in the company's own words. 23 of them are also named by other companies we've read.

Suppliers

Boat engine manufacturer (long-term supply contract)

depends on
We have a long-term supply contract with a boat engine manufacturer, which requires a certain volume of total engine purchases, and includes favorable pricing, as well as various growth and volume incentives.Business (Item 1)

Partners and platforms

Wells Fargo Bank, N.A. (Polaris Acceptance)

depends onnamed as a risk
A majority of our sales of ORVs, snowmobiles, motorcycles, boats, and related PG&A are financed under these arrangements whereby we receive payment within a few days of shipment of our product.Business (Item 1)

Also named by DDS, WFC

Huntington Bancshares Incorporated

depends onnamed as a risk
In addition, we have current and prior financial services arrangements with subsidiaries of Wells Fargo Bank, N.A. and a subsidiary of Huntington Bancshares Incorporated that require us to repurchase products financed and repossessed pursuant to the terms of such arrangements and subject to certain limitations.Risk factors (Item 1A)

Other companies

Indian Motorcycle divestiture

named as a risk
The anticipated benefits and cost savings of the separation of Indian Motorcycle may not be realized fully or at all, may take longer than expected, and may require more non-recurring costs and expenditures to realize than expected.Risk factors (Item 1A)

Places

North America

concentrated in · approximately 2,400 independent dealers
Our products are sold through a network of approximately 2,400 independent dealers in North America.Business (Item 1)

Also named by ALSN, AOS, BMI, CAG, CAT, CHRW, CLS, CPB and 19 more

Mexico

operates innamed as a risk
A portion of our annual sales originate from products manufactured in our facilities in Mexico, and we sell our products globally.Risk factors (Item 1A)

Also named by AAP, AME, AMRC, ANET, AOS, ARES, AYI, AZO and 83 more

China

operates innamed as a risk
Furthermore, we continue to evaluate our manufacturing footprint in light of tariffs imposed by the current presidential administration and have shifted, and intend to continue shifting, our Chinese manufacturing to other facilities in response to such tariffs.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Hazards

Lack of snowfall

named as a risk
For example, lack of snowfall during winter has in the past, and may in the future, materially adversely affect snowmobile sales; excessive rain (including as a result of hurricanes or other extreme storm events) may materially adversely affect sales of off-road vehicles and boats during rainy seasons in various geographies; a lack of rain in certain areas may limit boat usage and may materially adversely affect sales of boats; and wild fires may damage areas where our customers ride our off-road vehicles.Risk factors (Item 1A)

Commodities and inputs

Canadian dollar

exposed to its price · approximately $41 millionnamed as a risk
All other things being equal, at current annual volumes, a hypothetical 10 percent fluctuation of the U.S. dollar compared to the Euro impacts annual operating income by approximately $17 million and a hypothetical 10 percent fluctuation of the U.S. dollar compared to the Canadian Dollar impacts annual operating income by approximately $41 million.Market risk (Item 7A)

Also named by ABBV, ADBE, AMG, AYI, BBY, BWXT, CBRE, CDRE and 67 more

Euro

exposed to its price · approximately $17 millionnamed as a risk
All other things being equal, at current annual volumes, a hypothetical 10 percent fluctuation of the U.S. dollar compared to the Euro impacts annual operating income by approximately $17 million and a hypothetical 10 percent fluctuation of the U.S. dollar compared to the Canadian Dollar impacts annual operating income by approximately $41 million.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Mexican peso

exposed to its price · $55.6named as a risk
The changing relationships of the United States dollar to the Canadian dollar, Australian dollar, the Euro, the Swiss franc, the Mexican peso, and certain other foreign currencies have from time to time had a negative impact on our results of operations.Risk factors (Item 1A)

Also named by AYI, AZO, BAX, CCK, CDRE, CP, DCH, EZPW and 14 more

Aluminum

exposed to its pricenamed as a risk
The primary commodities used in manufacturing our products are aluminum, steel, copper, petroleum-based resins and certain rare earth metals, as well as diesel fuel to transport products.Risk factors (Item 1A)

Also named by AAON, ACHR, ALSN, AYI, BA, BALL, BF/B, BWA and 59 more

Steel

exposed to its pricenamed as a risk
We enter into commodity hedging contracts in order to manage fluctuating market prices of certain commodities such as steel and diesel fuel.Market risk (Item 7A)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Diesel fuel

exposed to its pricenamed as a risk
We enter into commodity hedging contracts in order to manage fluctuating market prices of certain commodities such as steel and diesel fuel.Market risk (Item 7A)

Also named by ADM, BLDR, BTU, CAH, CHD, CHRW, COST, CP and 43 more

Copper

exposed to its pricenamed as a risk
We are subject to market risk from fluctuating market prices of certain purchased commodities and raw materials, including steel, aluminum, copper, petroleum-based resins, certain rare earth metals and diesel fuel.Market risk (Item 7A)

Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more

Rare earth metals

exposed to its pricenamed as a risk
The primary commodities used in manufacturing our products are aluminum, steel, copper, petroleum-based resins and certain rare earth metals, as well as diesel fuel to transport products.Risk factors (Item 1A)

Also named by ANET, AVAV, CMI, EMR

Petroleum-based resins

exposed to its pricenamed as a risk
We are subject to market risk from fluctuating market prices of certain purchased commodities and raw materials, including steel, aluminum, copper, petroleum-based resins, certain rare earth metals and diesel fuel.Market risk (Item 7A)

Also named by TMO

Regulators

U.S. Environmental Protection Agency (EPA)

subject tonamed as a risk
We also provide a limited emission warranty for certain emission-related parts in our ORVs, snowmobiles, and motorcycles as required by the EPA and CARB.Risk factors (Item 1A)

Also named by AAON, AAP, ALSN, AMRC, APA, APD, APG, AROC and 78 more

California Air Resources Board (CARB)

subject tonamed as a risk
We also provide a limited emission warranty for certain emission-related parts in our ORVs, snowmobiles, and motorcycles as required by the EPA and CARB.Risk factors (Item 1A)

Also named by CMI, CRC, CVLG, F, FND, GM, GNRC, HTLD and 11 more

Consumer Product Safety Commission (CPSC)

subject tonamed as a risk
For example, in the United States: (i) the Consumer Product Safety Commission (“CPSC”) has federal oversight over product safety issues related to snowmobiles and off-road vehicles; (ii) the National Highway Traffic Safety Administration (“NHTSA”) has federal oversight over product safety issues related to motorcycles and Slingshot; and (iii) the U.S. Coast Guard and its foreign equivalents have oversight over the marine safety regulations for our marine products.Business (Item 1)

Also named by ASO, AXON, BBW, CHD, DORM, GNRC, HAS, KVUE and 8 more

National Highway Traffic Safety Administration (NHTSA)

subject tonamed as a risk
For example, in the United States: (i) the Consumer Product Safety Commission (“CPSC”) has federal oversight over product safety issues related to snowmobiles and off-road vehicles; (ii) the National Highway Traffic Safety Administration (“NHTSA”) has federal oversight over product safety issues related to motorcycles and Slingshot; and (iii) the U.S. Coast Guard and its foreign equivalents have oversight over the marine safety regulations for our marine products.Business (Item 1)

Also named by CTOS, DORM, F, GM, PATK, PCAR, THO, TSLA

U.S. Coast Guard

subject tonamed as a risk
For example, in the United States: (i) the Consumer Product Safety Commission (“CPSC”) has federal oversight over product safety issues related to snowmobiles and off-road vehicles; (ii) the National Highway Traffic Safety Administration (“NHTSA”) has federal oversight over product safety issues related to motorcycles and Slingshot; and (iii) the U.S. Coast Guard and its foreign equivalents have oversight over the marine safety regulations for our marine products.Business (Item 1)

Also named by HII, KEX

Laws and programs

OECD Pillar Two

subject to · 15%named as a risk
Pillar Two took effect in several jurisdictions in which we operate starting in 2024 and will increase the burden and costs of our tax compliance.Risk factors (Item 1A)

Also named by APO, BAM, BAX, BF/B, CHRW, COHR, CPNG, CRM and 45 more

Term Loan Facility and Revolving Loan Facility (Term SOFR)

exposed to its price · $475.0 million outstanding on the Term Loan Facilitynamed as a risk
As of December 31, 2025, there was $35.4 million outstanding on the Revolving Loan Facility and $475.0 million outstanding on the Term Loan Facility.Market risk (Item 7A)

U.S. tariffs

subject tonamed as a risk
While we have implemented measures to mitigate these potential impacts and continue to evaluate additional measures that may be appropriate, the current and proposed tariffs and these other factors have had, and may in the future have, a material negative effect on our profitability.Risk factors (Item 1A)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more

EU General Data Protection Regulation (GDPR)

subject tonamed as a risk
These laws and regulations include, for example, the European Union’s General Data Protection Regulation (“GDPR”), the California Consumer Privacy Act (“CCPA”), the United States Department of Commerce Supply Chain Security Rule, the EU Cyber Resilience Act (“CRA”), the EU Machinery Regulation, the United Nations Regulation 155 Cybersecurity and Cybersecurity Management System, and other similar privacy and cybersecurity laws.Risk factors (Item 1A)

Also named by ACN, ADSK, AIG, ALK, AMG, ANET, APG, AXON and 61 more

PFAS restrictions

subject tonamed as a risk
There is no assurance that suitable replacements for PFAS-containing parts and materials will be available at similar costs, or at all.Risk factors (Item 1A)

Also named by ADI, ENTG, KLAC, THO

One Big Beautiful Bill Act (OBBBA)

subject to
The OBBBA is not expected to have a material impact on our consolidated financial statements in future periods.Risk factors (Item 1A)

Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more