---
schema_version: "secwatch.filing_event.v1"
accession: "0001657853-24-000060"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:04:15.234337+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Hertz reports Q1 GAAP net loss $186M; adjusted EBITDA negative $567M

## Summary
- GAAP net loss $186M ($0.61 loss per diluted share); adjusted net loss $392M ($1.28 per share).
- Adjusted Corporate EBITDA -$567M (-27% margin) vs +$237M in Q1 2023.
- Vehicle depreciation surged $588M YoY, including $195M charge for EVs held for sale.
- EV disposition plan increased by 10k to 30k vehicles for sale in 2024.
- Revenue up 2% to $2.1B; transaction days up 9% but RPD down 7%.

## SEC filing metadata
- accession: 0001657853-24-000060
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2024-04-25T23:59:59+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/1657853/000165785324000060/0001657853-24-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000165785324000060/htz-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001657853-24-000060
- JSON: https://secwatch.observer/filing/0001657853-24-000060.json
- Plain text: https://secwatch.observer/filing/0001657853-24-000060.txt

## Key facts
- Earnings Releases
  HERTZ GLOBAL HOLDINGS, INC reported first quarter 2024 results: revenue $2.1 billion, net income GAAP net loss of $186 million, EPS $0.61 loss per diluted share.
  - Period: first quarter 2024
  - Revenue: $2.1 billion
  - Net income: GAAP net loss of $186 million
  - EPS: $0.61 loss per diluted share
  - Result: reported results
  source text: April 25, 2024 - Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz", "Hertz Global" or the "Company") today reported results for its first quarter 2024. OVERVIEW • Revenue of $2.1 billion • GAAP net loss of $186 million, a negative 9% margin, or $0.61 loss per diluted share • Adjusted net loss of $392 million, or $1.28 loss per diluted share • Adjusted Corporate
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657853/000165785324000060/0001657853-24-000060-index.htm

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