What is Herc Holdings's unbilled revenue?

Herc Holdings (HRI) reported unbilled revenue of $52M in Q1 2026.

How has Herc Holdings's unbilled revenue changed year-over-year?

Herc Holdings's unbilled revenue increased by 147.6% year-over-year, from $21M to $52M.

What is the long-term trend for Herc Holdings's unbilled revenue?

Over 3 years (2022 to 2025), Herc Holdings's unbilled revenue has grown at a 65.8% compound annual growth rate (CAGR), from $9M to $41M.

Herc Holdings HRI Unbilled Revenue

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Other financials

Income statement

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Revenue$1.1B+32.3%

Net income-$24.0M-33.3%

EPS (diluted)-$0.72-14.3%

Balance sheet

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Cash & equivalents$43.0M-10.4%

Total debt$9.7B+91.7%

Total equity$1.9B+39.8%

Total assets$13.6B+76.0%

Cash flow

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Operating cash flow$277.0M+62.0%

CapEx$41.0M+24.2%

Free cash flow$236.0M+71.0%

Valuation

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Market cap$5.18B-13.1%

Enterprise value$14.79B+46.8%

P/S1.1×-0.5×

Profitability

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Gross margin97.8%—

Net margin-0.1%—

FCF margin22%-5.3pp

Returns & leverage

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Return on equity-0.3%—

Debt / equity5.1×+1.4×

Current ratio1.5×0.0×

Where this comes from

Reported directly by Herc Holdings in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetGrossCurrent.

The official record: Herc Holdings’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Herc Holdings's unbilled revenue?: Herc Holdings (HRI) reported unbilled revenue of $52M in Q1 2026.
How has Herc Holdings's unbilled revenue changed year-over-year?: Herc Holdings's unbilled revenue increased by 147.6% year-over-year, from $21M to $52M.
What is the long-term trend for Herc Holdings's unbilled revenue?: Over 3 years (2022 to 2025), Herc Holdings's unbilled revenue has grown at a 65.8% compound annual growth rate (CAGR), from $9M to $41M.