Quarterly ResultMay 8, 2026, 04:02 PM
Hertz Global Q1 Revenue +10.5% to $2.00B; Net Loss Narrows to $333M
AI Summary
Hertz Global Holdings, Inc. reported a 10.5% increase in revenues to $2.00 billion for the first quarter of 2026, compared to $1.81 billion in the prior year. The company's net loss narrowed significantly to $333 million, an improvement from a $443 million loss in Q1 2025. Despite the improved profitability, net cash provided by operating activities decreased to $20 million from $251 million, and total debt increased to $18.20 billion.
Key Highlights
- Revenues increased 10.5% to $2.00 billion for Q1 2026, up from $1.81 billion in Q1 2025.
- Net loss narrowed to $333 million in Q1 2026, an improvement from a $443 million loss in Q1 2025.
- Basic earnings per common share improved to a loss of $1.06, compared to a loss of $1.44 in Q1 2025.
- Total debt rose to $18.20 billion as of March 31, 2026, from $17.05 billion at December 31, 2025.
- Net cash provided by operating activities was $20 million in Q1 2026, down from $251 million in Q1 2025.
- Depreciation of revenue earning vehicles and lease charges, net, decreased to $481 million from $535 million.
- Total assets increased to $23.29 billion as of March 31, 2026, from $22.31 billion at December 31, 2025.
Price Impact
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