← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Hertz cut its loss to $747M as vehicle depreciation fell by $1.7 billion, but revenue fell 6.0% and stockholders' equity turned negative.
The read at a glance✓ Audited against SEC data
- Growth — Revenue -6.0% to $8.50B on lower pricing and volumeWatch
- Profitability — Net loss $747M, from a $2,862M loss in 2024Watch
- Balance sheet — Debt $17,054M (+4.4%); equity a $459M deficitWatch
- Accounting quality — Distress and manipulation scores not availableNote
- Capital allocation — No buybacks since 2023; fleet reinvestment $10.2BNote
- Fleet cost — Americas depreciation per unit per month $587 to $310OK
Business
Hertz rents cars under the Hertz, Dollar and Thrifty brands from about 11,000 company-operated and franchisee locations in about 160 countries and jurisdictions, and sells used cars through Hertz Car Sales. Americas RAC brought in $6.76B of 2025 revenue and International RAC $1.75B. Its economics turn on what each car costs to own versus what it earns on rent.
Where the revenue comes from
Fiscal 2025, as HERTZ GLOBAL HOLDINGS, INC reports it. History and quarterly detail are in the app.
- Americas RAC$6.8B
- International RAC$1.7B
Leadership changes
From HERTZ GLOBAL HOLDINGS, INC's own filings, the day they're filed.
- Joseph R. Hinrichs · director · appointmenteff. 2026-10-09
- Robert Davis · directors · appointmenteff. 2026-10-01
- Francis S. Blake · Directors · departureeff. 2026-10-01
Latest filings
- 8-K · Company announcement2026-10-13
- 8-K · Company announcement2026-10-01
- 8-K · Company announcement2026-09-10
- 8-K · Company announcement2026-08-28
- 8-K · Company announcement2026-08-20
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about HERTZ GLOBAL HOLDINGS, INC, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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