Hertz Global Holdings (NASDAQ:HTZ) reported fourth-quarter and full-year 2025 results on Thursday, showcasing a massive operational recovery driven by disciplined fleet management and rigorous cost controls.
The Estero, Florida-based company reported a fourth-quarter net loss of $194 million, or 72 cents per share—a sharp improvement from the prior year’s levels.
For the full year, the net loss totaled $747 million, representing a more than $2 billion year-over-year improvement in profitability.
Revenue for the fourth quarter reached $2 billion, contributing to a full-year total of $8.5 billion.
Management highlighted that Revenue per Unit (RPU) and Revenue Per Day (RPD) metrics improved sequentially throughout the year, marking Hertz’s strongest year-over-year revenue momentum since early 2024.
The company attributed this to a favorable industry pricing environment and internal revenue management initiatives that have carried over into the first quarter of 2026.
A critical driver of the narrowed loss was the stabilization of fleet costs.