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Dec 31, 2025
Avis Q4 2025 Earnings Report
Avis reported lower revenue and a significant net loss in Q4 2025, primarily driven by a $518000000 impairment charge related to U.S. EV fleet adjustments.
Key Takeaways
In Q4 2025, Avis generated revenue of 2664000000 and reported a net loss of 747000000 attributable to the company. Results were heavily impacted by a 518000000 long-lived asset impairment tied to changes in its EV fleet strategy, while Adjusted EBITDA was 5000000. Americas revenue declined year-over-year, partially offset by growth in International.
Revenue of 2664000000, down 2% year-over-year
Net loss attributable to Avis of 747000000
Adjusted EBITDA of 5000000 despite impairment charge
Americas revenue declined while International revenue increased
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Management indicated a focus on tightening fleet discipline, strengthening the balance sheet and improving customer experience to drive sustainable earnings growth in 2026 following the EV-related impairment and restructuring actions taken in Q4 2025.
Positive Outlook
- Fleet cost reductions in both Americas and International
- Improved Adjusted EBITDA in both segments year-over-year
- Liquidity of approximately 818000000 at quarter end
- Additional 2100000000 of fleet funding capacity
- Strategic repositioning of EV fleet completed
Challenges Ahead
- Net loss of 747000000 in the quarter
- 518000000 impairment charge related to EV fleet
- Revenue decline of 2% year-over-year
- Americas revenue per day decreased year-over-year
Historical Earnings Impact
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Avg. Return Before/After Earnings
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