Filing Flows › Herc Holdings (HRI) › Q1 2026
Herc Holdings (HRI) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Herc Holdings (HRI) reported revenue of $1.1B for the first quarter 2026 (Q1 2026), +32% from a year earlier and -6% from the quarter before. Operating margin was -2.0%, net loss $24.0M (2.1% of revenue).
Herc Holdings, Q1 2026: revenue $1.1B (+32% year over year), operating margin -2.0%, net loss $24.0M, operating cash flow $277M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -6% | +32% |
| Operating profit | −$23.0M | -235% | — |
| Net earnings | −$24.0M | -200% | — |
| Operating cash flow | $277M | -12% | +62% |
| Free cash flow | $236M | -16% | +71% |
What changed
Revenue was $1.1B in Q1 2026, up 32% year over year and down 6% from the previous quarter. Equipment rental was the largest line at 78% of revenue. Equipment rental added $0.22B year over year (up 33%), 78% of the total change.
Operating costs exceeded revenue by $0.02B, an operating margin of -2.0%. Total costs grew 34% against revenue growth of 32%. The fastest-growing cost line was Other operating costs (+35%). The quarter ended with a net loss of $0.02B, after a profit of $0.02B the previous quarter.
Operating cash flow was $0.28B (up 62% year over year). Non-cash charges added back $0.01B of share-based compensation. Working capital and other items added $0.29B. Capital expenditures of $0.04B left free cash flow of $0.24B.
Questions
What was Herc Holdings' revenue in the first quarter 2026?
Herc Holdings (HRI) reported revenue of $1.1B for the first quarter 2026 (Q1 2026), +32% from a year earlier and -6% from the quarter before.
Was Herc Holdings profitable in the first quarter 2026?
Operating loss was $23.0M (-2.0% of revenue) and net loss $24.0M.
Source: Herc Holdings 10-Q on SEC EDGAR.