Hertz Global Holdings Warrants (HTZWW) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HTZWW SEC filings page.
Hertz Global Holdings Warrants (HTZWW) reported $8.9B in revenue over the twelve months to Jun 30, 2026, up 3.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Hertz’s shrinking revenue now sits beside rising interest costs and liabilities exceeding assets, leaving cash generation stronger than reported earnings but weakening.
FY2025 operating cash flow was$1.63B alongside a net loss of$747M , while FY2024 paired$2.22B of operating cash flow with a$2.86B loss. Earnings and cash flow therefore moved on different tracks, but operating cash flow still fell26.9% , showing that the cash-producing engine weakened even as the accounting loss narrowed.
By FY2025, liabilities were 102.1% of assets and equity was negative
Overhead moved against the top line: revenue declined
Financial Health Signals
Hertz Global Holdings Warrants does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Hertz Global Holdings Warrants passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) does not pass.
Hertz Global Holdings Warrants reported a net loss of $747.0M while generating $1.6B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Hertz Global Holdings Warrants generated $2.4B in revenue in Q2 2026. This represents an increase of 9.7% from the same quarter a year earlier. Against the prior quarter it is up 19.6%.
Hertz Global Holdings Warrants reported $64.0M in net income in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Cash & Balance Sheet
Hertz Global Holdings Warrants held $631.0M in cash against $19.1B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Hertz Global Holdings Warrants's net profit margin was 2.7% in Q2 2026, showing the share of revenue converted to profit. This is up 16.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 19.3 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
HTZWW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.4B+9.7% | $2.0B+10.5% | $2.0B-0.6% | $2.5B-3.8% | $2.2B-7.1% | $1.8B-12.8% | $2.0B-6.6% | $2.6B-4.7% |
| SG&A Expenses | $258.0M+4.9% | $236.0M+7.8% | $251.0M+11.6% | $241.0M+27.5% | $246.0M+1.2% | $219.0M+35.2% | $225.0M-8.9% | $189.0M-9.6% |
| Interest Expense | $259.0M-32.6% | $256.0M-4.1% | $179.0M | $247.0M+0.4% | $384.0M+62.0% | $267.0M | N/A | $246.0M |
| Income Tax | $7.0Mn/m | $29.0Mn/m | -$29.0Mn/m | $50.0Mn/m | -$22.0M-105.6% | -$82.0Mn/m | -$84.0Mn/m | -$288.0Mn/m |
| Net Income | $64.0Mn/m | -$333.0Mn/m | -$194.0Mn/m | $184.0Mn/m | -$294.0Mn/m | -$443.0Mn/m | -$479.0Mn/m | -$1.3B-311.8% |
| EPS (Basic) | $0.20 | -$1.06n/m | -$0.62n/m | $0.59n/m | -$0.95n/m | -$1.44n/m | -$1.55n/m | -$4.34 |
| EPS (Diluted) | $0.05 | -$1.06n/m | -$0.64n/m | $0.42n/m | -$0.95n/m | -$1.44n/m | -$1.55n/m | -$4.34 |
| Diluted Shares (Avg) | 418M | 314M+2.3% | N/A | 364M+18.6% | 309M+1.0% | 307M+0.7% | N/A | 307M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
HTZWW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $23.9B+3.4% | $23.3B+5.6% | $22.3B+2.3% | $23.0B0.0% | $23.1B-8.3% | $22.0B-9.3% | $21.8B-11.4% | $23.0B-10.1% |
| Cash & Equivalents | $631.0M+25.4% | $583.0M-6.9% | $565.0M-4.6% | $1.1B+118.6% | $503.0M-11.4% | $626.0M+34.6% | $592.0M-22.5% | $501.0M-15.7% |
| Accounts Receivable | $1.2B+4.6% | $1.1B-9.1% | $1.1B-7.9% | $1.2B-9.7% | $1.1B-9.2% | $1.2B+1.6% | $1.2B+1.2% | $1.3B-4.8% |
| Goodwill | $1.0B0.0% | $1.0B+0.1% | $1.0B+0.1% | $1.0B+0.1% | $1.0B+0.1% | $1.0B0.0% | $1.0B0.0% | $1.0B0.0% |
| Total Liabilities | $24.5B+3.9% | $24.1B+7.9% | $22.8B+5.2% | $23.3B+4.5% | $23.6B+1.5% | $22.3B+3.8% | $21.6B+0.6% | $22.3B+0.6% |
| Long-Term Debt | $19.1B | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$628.0Mn/m | -$786.0Mn/m | -$459.0M-400.0% | -$317.0M-146.5% | -$504.0M-125.7% | -$262.0M-109.3% | $153.0M-95.1% | $681.0M-79.9% |
| Retained Earnings | -$3.5Bn/m | -$3.6Bn/m | -$3.2Bn/m | -$3.1Bn/m | -$3.2Bn/m | -$2.9B-1792.5% | -$2.5B-795.0% | -$2.0B-385.7% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Long-Term Investments, Current Liabilities, Non-Current Liabilities.
HTZWW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $381.0M+10.1% | $20.0M-92.0% | $193.0M-53.4% | $835.0M-6.6% | $346.0M-36.6% | $251.0M-32.2% | $414.0M-26.6% | $894.0M+5.1% |
| Depreciation & Amortization | $26.0M-10.3% | $26.0M-13.3% | $29.0M-9.4% | $29.0M-14.7% | $29.0M-29.3% | $30.0M-6.3% | $32.0M-34.7% | $34.0M+3.0% |
| Stock-Based Compensation | $38.0M | $17.0M+6.3% | N/A | N/A | N/A | $16.0M0.0% | N/A | N/A |
| Investing Cash Flow | -$971.0Mn/m | -$1.1Bn/m | -$273.0M-180.8% | -$158.0Mn/m | -$846.0Mn/m | -$718.0Mn/m | $338.0M+302.4% | -$487.0Mn/m |
| Financing Cash Flow | $679.0M+15.7% | $1.1B+228.3% | -$305.0Mn/m | -$256.0Mn/m | $587.0M-62.9% | $346.0M+307.1% | -$498.0Mn/m | -$511.0Mn/m |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $0-100.0% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.
HTZWW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 2.7%+16.1pp | -16.6%+7.8pp | -9.6%+13.9pp | 7.4%+59.1pp | -13.5%+23.3pp | -24.4%-15.5pp | -23.5%-7.6pp | -51.7%-75.0pp |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | -313.1%-301.8pp | -195.6%-214.1pp |
| Return on Assets | 0.3%+1.5pp | -1.4%+0.6pp | -0.9%+1.3pp | 0.8%+6.6pp | -1.3%+2.2pp | -2.0%-1.2pp | -2.2%-0.8pp | -5.8%-8.3pp |
| Liabilities-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | 141.50+134.5x | 32.74+26.2x |
| Asset Turnover | 0.100.0x | 0.090.0x | 0.090.0x | 0.110.0x | 0.090.0x | 0.080.0x | 0.090.0x | 0.110.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, Debt-to-Equity, FCF Margin.
Note: Shareholder equity is negative (-$459.0M), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Hertz Global Holdings Warrants HTZWW | FY2025 | $8.5B | -$747.0M | -8.8% | N/A | — |
| Core Scientific, Inc. Tranche 2 Warrants CORZZ | FY2025 | $319.0M | -$288.6M | -90.5% | N/A | 20/100 |
| Origin Investment Corp I Warrant ORIQW | FY2025 | N/A | $683K | N/A | N/A | — |
| Stellar V Capital Corp. Unit SVCCU | FY2025 | N/A | $5.3M | N/A | N/A | — |
| Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock STRK | FY2025 | $477.2M | -$3.8B | N/A | N/A | 40/100 |
Where Hertz Global Holdings Warrants Ranks
Frequently Asked Questions
Hertz Global Holdings Warrants (HTZWW) reported $8.5B in total revenue for fiscal year 2025. This represents a -6.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Hertz Global Holdings Warrants (HTZWW) revenue declined by 6.0% year-over-year, from $9.0B to $8.5B in fiscal year 2025.
No, Hertz Global Holdings Warrants (HTZWW) reported a net loss of $279.0M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $747.0M, with a net profit margin of -8.8%.
Hertz Global Holdings Warrants (HTZWW) had a net profit margin of -8.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Hertz Global Holdings Warrants (HTZWW) generated $1.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Hertz Global Holdings Warrants (HTZWW) had $22.3B in total assets as of fiscal year 2025, including both current and long-term assets.
Hertz Global Holdings Warrants (HTZWW) had a return on assets of -3.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Hertz Global Holdings Warrants (HTZWW) has negative shareholder equity of -$459.0M as of fiscal year 2025, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
Hertz Global Holdings Warrants (HTZWW) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Hertz Global Holdings Warrants (HTZWW) reported a net loss of $747.0M while generating $1.6B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.