U-Haul Holding 2025 Q4 Earnings Misses Targets with Net Income Plunging Over 9400%

U-Haul Holding announced its fiscal 2025 Q4 earnings on May 29, 2025, reporting a significant increase in revenue but a substantial deepening of net losses. The company's total revenue rose by 12.1% to $1.14 billion compared to the same quarter last year. However, U-Haul's net losses widened dramatically, with earnings per share falling to a loss of $0.42 from breakeven last year, marking a 9438.6% wider loss. The company provided guidance indicating increased capital expenditures for the upcoming fiscal year and emphasized its focus on expanding its self-storage and U-Box services.

Revenue

U-Haul Holding's total revenue increased by 12.1% in Q4 2025, reaching $1.14 billion, up from $1.01 billion in the same quarter of the previous year.

Earnings/Net Income

The fourth quarter saw U-Haul's net loss widen significantly to $82.29 million, compared to a loss of $863,000 in Q4 2024, with earnings per share falling to a loss of $0.42. This indicates a challenging financial period for the company.

Post-Earnings Price Action Review

After the earnings announcement, the strategy of buying U-Haul's stock when there is a revenue miss and holding for 30 days showed no return, as both the strategy and benchmark returns stood at 0.00% and 48.85%, respectively. Despite avoiding losses during this backtested period, the strategy did not provide any additional gains compared to simply holding the stock. Details regarding the Sharpe ratio and volatility were unavailable, limiting the assessment of risk-adjusted returns. Overall, while the strategy maintained capital, it failed to outperform the market benchmark during the period reviewed.

CEO Commentary

Joe Shoen, Chairman and CEO, highlighted that the fiscal Q4 performance reflects strategic decisions made in previous years and noted a positive trend in customer optimism. He acknowledged the reduction in the pickup fleet due to profitability concerns but expressed confidence in the growth potential of self-move and self-storage services. Shoen emphasized the importance of making U-Haul the preferred choice for customers and projected benefits from normalizing equipment costs amidst market challenges.

Guidance

For fiscal 2026, U-Haul projects approximately $1,295 million in net fleet capital expenditures, up from the previous year's $1,211 million. The company expects steady revenue growth, focusing on maintaining high occupancy rates in self-storage and expanding U-Box services. Shoen noted customer acceptance of rate increases and anticipates robust growth for U-Box as the market develops.

Additional News

In recent weeks, U-Haul has announced the closure of its Mount Branson retail showroom and service center on May 13, 2025, converting it into a remote self-storage site. Additionally, U-Haul marked its 80th anniversary by ringing the closing bell at the New York Stock Exchange on May 23, 2025. The company continues its veteran support initiatives, including hosting The Tribute Journey Fleet Week Afternoon Tea at NYSE to honor Gold Star families and veterans. These events highlight U-Haul's ongoing commitment to community engagement and service expansion.