Overview
- For Q4 2025, revenue was about $2.7 billion with a consolidated net loss of $856 million; net loss attributable to the company was $747 million, or $21.25 per share, and Adjusted EBITDA was $5 million.
- For the full year, revenue totaled roughly $11.7 billion with a net loss of $995 million and Adjusted EBITDA of $748 million, reflecting improvement on adjusted metrics versus 2024.
- The company shortened the useful life of certain U.S. electric rental vehicles, triggering approximately $518 million in long‑lived asset impairment and related charges.
- To strengthen the balance sheet, Avis sold EVs to a joint venture and received $183 million from monetized tax credits, issued $965 million of alternative asset‑backed securities to reduce fleet debt, and ended Q4 with about $818 million in liquidity plus $2.1 billion of fleet funding capacity.
- Operationally in Q4, revenue per day excluding currency effects fell about 2% and rental days slipped 1% year over year, with segment Adjusted EBITDA of $1 million in the Americas and $21 million International; results missed Zacks estimates and shares fell about 21% in morning trading, according to The Motley Fool.