Daniel Cunha
Daniel Cunha will become Chief Financial Officer of the Company, effective July 1, 2025.
Highest-materiality recent filing
Avis Budget Q1 2026: revenue $2.5B, net loss $234M, Adj. EBITDA loss $113M
Revenue of $2.5 billion; net loss of $234 million; Adjusted EBITDA loss of $113 million.
Avis Budget Group enters ATM equity distribution agreement to sell up to 5M shares
Agreement with 10 sales agents allows sale of up to 5,000,000 shares of common stock.
Avis Budget derivative suits voluntarily dismissed; shareholder intervention deadline April 13, 2026
Plaintiffs Jones (filed June 6, 2025) and Dua (filed Sept 9, 2025) seek to voluntarily dismiss derivative suits without prejudice.
Avis Budget Q4 net loss $856M, $518M EV impairment; FY revenue $11.7B
Q4 revenue $2.7B, net loss $856M, adjusted EBITDA $5M; rental days down 1% YoY.
Avis Budget amends cooperation agreement with SRS, raises voting cap to 45%
SRS voting cap increased from 35% to 45%; excess voting rights to be voted proportionally with other stockholders.
Avis Budget Q2 revenue $3B, Adj EBITDA $277M; launches Avis First, Waymo partnership
Q2 revenues $3.0B, net income $5M, Adjusted EBITDA $277M.
Avis Budget refinances $1.149B term loans with repriced facility due 2032
New Tranche B Term Loans of $1,148,864,850 to repay existing tranche B term loans outstanding.
Avis Budget appoints Daniel Cunha as CFO; Izzy Martins departs June 30
Daniel Cunha becomes CFO effective July 1, 2025; Izzy Martins leaves on June 30 to pursue another opportunity.
Avis Budget issues $600M of 8.375% Senior Notes due 2032 for refinancing
Issued $600M of 8.375% Senior Notes due June 15, 2032; interest payable semi-annually starting Dec 15, 2025.
Daniel Cunha will become Chief Financial Officer of the Company, effective July 1, 2025.
Max materiality 0.80 · Median 0.60 · Most common event debt