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AI brief of an SEC Form 8-K · Avis Budget (CAR)

Avis Budget Group posts $856 million Q4 net loss, including $518 million EV impairment

Mixed Impact 3 of 5 earnings Written later

Avis Budget Group reported fourth quarter 2025 revenue of $2.7 billion, down 2% from a year earlier, and a net loss of $856 million, which includes a $518 million impairment and related charges on certain U.S. electric vehicle rental cars. The company's full-year 2025 net loss was $995 million, compared with $1,817 million in 2024, while full-year Adjusted EBITDA rose 19% to $748 million. The filing shows smaller losses than a year ago but lower revenue, and it provides no new financial guidance.

Key points

  • Q4 2025 revenue was $2.7 billion, down 2% from $2,710 million in Q4 2024.
  • Q4 2025 net loss was $856 million, versus $1,957 million in Q4 2024; the $518 million impairment and related charges reduced the carrying value of certain U.S. EV rental cars.
  • Full-year 2025 revenue was $11.7 billion, down 1% from $11,789 million, and full-year net loss was $995 million, versus $1,817 million in 2024.
  • Full-year 2025 Adjusted EBITDA was $748 million, up 19% from $628 million; Q4 Adjusted EBITDA was $5 million, compared with a loss of $101 million a year earlier.

The filing

CompanyAvis Budget (CAR)
Form8-K, current report
Filed with the SECFeb 18, 2026, 4:02 PM ET
Accession number0000723612-26-000010

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 18, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.