Loading...
•
Dec 31, 2025
Hertz Q4 2025 Earnings Report
Hertz delivered sequential improvement in pricing and materially improved year-over-year profitability while still reporting a net loss.
Key Takeaways
In Q4 2025, Hertz reported revenue of 2028000000 and a net loss of 194000000, with diluted EPS of -0.72. The company cited sequential improvement in pricing metrics and improved unit economics, including lower depreciation per unit per month versus the prior year quarter.
Revenue was 2028000000 in Q4 2025.
Net loss improved year-over-year to 194000000 and diluted EPS was -0.72.
Vehicle utilization was 78% and Total RPD was 55.67.
Depreciation per unit per month was 330 and Total RPU per month was 1334.
Revenue by Geographic Location
Forward Guidance
The company stated it expects to deliver mid-single digit revenue growth in Q1 2026, driven by continued progress on internal revenue management initiatives and a positive industry pricing environment.
Positive Outlook
- Expected mid-single digit revenue growth in Q1 2026.
- Momentum in year-over-year RPU and RPD improvements continued into Q1 2026.
- Company reported a healthier fleet and improving residual performance heading into 2026.
- Approximately 1500000000 of liquidity at quarter end.
- Potential access to more than 1000000000 of additional liquidity enhancements.
Challenges Ahead
- Company reported a net loss in Q4 2025.
- Adjusted Corporate EBITDA was negative in Q4 2025.
- Company noted multiple transitory headwinds that impacted EBITDA by more than 100000000 in Q4.
- Depreciation was weighed down by an approximately 60000000 non-cash charge from a revised third-party residual value forecast.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...