---
schema_version: "secwatch.filing_event.v1"
accession: "0001657853-25-000059"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2025-05-13T23:59:59+00:00"
generated_at: "2026-05-21T16:18:45.830750+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hertz Q1 net loss $443M; adj. EBITDA loss narrows 43% to $325M; DPU improves 40%

## Summary
- Net loss $443M vs $186M YoY; adj. diluted EPS -$1.12 vs -$1.28 (improved on adj. basis).
- Adjusted Corporate EBITDA -$325M (improved 43% from -$567M); on track for positive by Q3 2025.
- Depreciation per unit down 40% to $353; targeting sub-$300 DPU in Q2 2025 (faster than prior guide).
- Extended $1.7B RCF maturity to June 2028; also extended $2.9B U.S. ABS and €1.2B European ABS to 2027.
- Revenue $1.8B (-13% YoY); utilization up 240bps to 79%; corporate liquidity $1.2B as of March 31.

## SEC filing metadata
- accession: 0001657853-25-000059
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2025-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657853/000165785325000059/0001657853-25-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000165785325000059/htz-20250512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001657853-25-000059
- JSON: https://secwatch.observer/filing/0001657853-25-000059.json
- Plain text: https://secwatch.observer/filing/0001657853-25-000059.txt

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