Hertz Q4 2025 net loss narrows to $194M from $479M; EBITDA improves $150M YoY

HERTZ GLOBAL HOLDINGS, INC

2025-FY EPS reported -$2.43 revenue$8,504,000,000

Net loss $194M ($0.72 diluted EPS) vs $479M loss ($1.56) in Q4 2024; full year net loss $747M ($2.43 EPS).
Adjusted Corporate EBITDA $(205)M, improvement of ~$150M YoY, including >$100M transitory headwinds (govt shutdown, FAA cancellations, vendor outages, recalls).
Depreciation per unit per month $330, down 21% YoY; includes $60M non-cash charge from revised residual value forecast.
Q1 2026 revenue expected mid-single digit growth; January revenue improved meaningfully YoY.
Utilization 78% (Q4) and 81% (FY), up 200bps YoY; DOE per transaction day down 6% YoY.

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