Filing Flows › Herc Holdings (HRI) › Q2 2025
Herc Holdings (HRI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Herc Holdings (HRI) reported revenue of $1.0B for the second quarter 2025 (Q2 2025), +18% from a year earlier and +16% from the quarter before. Operating margin was -4.6%, net loss $35.0M (3.5% of revenue).
Herc Holdings, Q2 2025: revenue $1.0B (+18% year over year), operating margin -4.6%, net loss $35.0M, operating cash flow $241M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +16% | +18% |
| Operating profit | −$46.0M | — | — |
| Net earnings | −$35.0M | — | — |
| Operating cash flow | $241M | +41% | -24% |
| Free cash flow | $194M | +41% | -30% |
What changed
Revenue was $1.0B in Q2 2025, up 18% year over year and up 16% from the previous quarter. Equipment rental was the largest line at 78% of revenue. Equipment rental added $0.09B year over year (up 13%), 60% of the total change.
Operating costs exceeded revenue by $0.05B, an operating margin of -4.6%. Total costs grew 39% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+44%). The quarter ended with a net loss of $0.04B, wider than the previous quarter's $0.02B loss.
Operating cash flow was $0.24B (down 24% year over year). Non-cash charges added back $0.01B of share-based compensation. Working capital and other items added $0.27B. Capital expenditures of $0.05B left free cash flow of $0.19B.
Questions
What was Herc Holdings' revenue in the second quarter 2025?
Herc Holdings (HRI) reported revenue of $1.0B for the second quarter 2025 (Q2 2025), +18% from a year earlier and +16% from the quarter before.
Was Herc Holdings profitable in the second quarter 2025?
Operating loss was $46.0M (-4.6% of revenue) and net loss $35.0M.
Source: Herc Holdings 10-Q on SEC EDGAR.