secwatch.observer — SEC 8-K summary
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Issuer:     HERTZ GLOBAL HOLDINGS, INC (HTZ)
CIK:        0001657853
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001657853-26-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hertz Q1 2026: Revenue $2.0B (+11% YoY), adjusted EPS loss $(0.72) improves $0.35; launches Oro Mobility
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- Revenue $2.0B, up 11% YoY, strongest growth in three years. RPD $57.38, up 5.5% YoY.
- GAAP net loss $333M, diluted EPS $(1.06); adjusted net loss $224M, adjusted EPS $(0.72), $0.35 improvement YoY.
- Adjusted Corporate EBITDA $(161)M, improvement ~50% YoY. Net DPU $312, down 13% YoY, approaching North Star target.
- Vehicle recalls impacted EBITDA >$25M, revenue ~$50M. Utilization 79%, down 70bps YoY (excl. recalls up 140bps).
- Launched Oro Mobility; Uber as initial partner. Liquidity $837M at Q1 end; additional $200M financing in April.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657853/000165785326000021/0001657853-26-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47129/000165785326000021/htz-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001657853-26-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer