---
schema_version: "secwatch.filing_event.v1"
accession: "0001657853-24-000019"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:12:00.656898+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Hertz posts Q4 net loss of $348M; EV write-down drives adjusted EBITDA loss of $382M

## Summary
- Q4 revenue $2.2B (+7% YoY); GAAP net loss $348M ($1.14 loss per diluted share) vs net income $116M in Q4 2022.
- Adjusted net loss $418M ($1.36 loss per diluted share); adjusted Corporate EBITDA -$382M (negative 17% margin).
- Includes $245M of incremental net depreciation expense from EVs held for sale; depreciation per unit per month rose to $498 from $242.
- Full-year 2023 revenue $9.4B; GAAP net income $616M ($1.39 diluted EPS); adjusted net income $172M ($0.53 diluted EPS).
- Company repurchased 19.4M shares for $291M during FY 2023; corporate liquidity $2.0B at Dec 31.

## SEC filing metadata
- accession: 0001657853-24-000019
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657853/000165785324000019/0001657853-24-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000165785324000019/htz-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001657853-24-000019
- JSON: https://secwatch.observer/filing/0001657853-24-000019.json
- Plain text: https://secwatch.observer/filing/0001657853-24-000019.txt

## Key facts
- Earnings Releases
  HERTZ GLOBAL HOLDINGS, INC reported fourth quarter and full year 2023 results: revenue $2.2 billion, net income $348 million, EPS $1.14 loss per diluted share.
  - Period: fourth quarter and full year 2023
  - Revenue: $2.2 billion
  - Net income: $348 million
  - EPS: $1.14 loss per diluted share
  - Result: reported results
  source text: Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz", "Hertz Global" or the "Company") today reported results for its fourth quarter and full year 2023. OVERVIEW Q4 2023 • Revenue of $2.2 billion • GAAP net loss of $348 million, a negative 16% margin, or $1.14 loss per diluted share • Adjusted net loss of $418 million, or $1.36 loss per diluted share • Adjusted Corporate
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000165785324000019/0001657853-24-000019-index.htm
- Earnings Releases
  HERTZ GLOBAL HOLDINGS, INC reported full year 2023 results: revenue $9.4 billion, net income $616 million, EPS $1.39 per diluted share.
  - Period: full year 2023
  - Revenue: $9.4 billion
  - Net income: $616 million
  - EPS: $1.39 per diluted share
  - Result: reported results
  source text: vehicles ("EV") • GAAP operating cash flow of $564 million • Adjusted operating cash outflow of $366 million and adjusted free cash outflow of $128 million FY 2023 • Revenue of $9.4 billion • GAAP net income of $616 million, a 7% margin, or $1.39 per diluted share • Adjusted net income of $172 million, or $0.53 per diluted share • Adjusted Corporate EBITDA of $561
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000165785324000019/0001657853-24-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.