---
schema_version: "secwatch.filing_event.v1"
accession: "0001657853-26-000010"
form_type: "8-K"
ticker: "HTZ"
cik: "0001657853"
company_name: "HERTZ GLOBAL HOLDINGS, INC"
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:40:08.814056+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001657853-26-000010
- form_type: 8-K
- ticker: HTZ
- cik: 0001657853
- company_name: HERTZ GLOBAL HOLDINGS, INC
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1657853/000165785326000010/0001657853-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47129/000165785326000010/htz-20260226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001657853-26-000010
- JSON: https://secwatch.observer/filing/0001657853-26-000010.json
- Plain text: https://secwatch.observer/filing/0001657853-26-000010.txt

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