Filing Flows › Herc Holdings (HRI) › Q1 2025
Herc Holdings (HRI) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 22, 2025
Herc Holdings (HRI) reported revenue of $861M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -9% from the quarter before. Operating margin was -0.9%, net loss $18.0M (2.1% of revenue).
Herc Holdings, Q1 2025: revenue $861M (+7% year over year), operating margin -0.9%, net loss $18.0M, operating cash flow $171M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $861M | -9% | +7% |
| Operating profit | −$8.0M | — | — |
| Net earnings | −$18.0M | — | — |
| Operating cash flow | $171M | -48% | -29% |
| Free cash flow | $138M | -54% | -34% |
What changed
Revenue was $861.0M in Q1 2025, up 7% year over year and down 9% from the previous quarter. Equipment rental was the largest line at 77% of revenue. Sales of rental equipment added $36.0M year over year (up 52%), 63% of the total change. Service and other revenue declined 14%.
Operating costs exceeded revenue by $8.0M, an operating margin of -0.9%. Total costs grew 20% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+23%). The quarter ended with a net loss of $18.0M, narrower than the previous quarter's $46.0M loss.
Operating cash flow was $171.0M (down 29% year over year). Non-cash charges added back $6.0M of share-based compensation. Working capital and other items added $183.0M. Capital expenditures of $33.0M left free cash flow of $138.0M.
Questions
What was Herc Holdings' revenue in the first quarter 2025?
Herc Holdings (HRI) reported revenue of $861M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -9% from the quarter before.
Was Herc Holdings profitable in the first quarter 2025?
Operating loss was $8.0M (-0.9% of revenue) and net loss $18.0M.
Source: Herc Holdings 10-Q on SEC EDGAR.