U-Haul Holding N 2025 Q4 Earnings Misses Targets as Net Loss Widens 9435.5%

U-Haul Holding N(UHAL.B) reported its fiscal 2025 Q4 earnings on May 29th, 2025. U-Haul Holding N faced an unexpected challenge in its latest earnings release, with results missing analyst expectations. The company's net loss widened significantly, largely due to high fleet replacement costs and increased depreciation expenses. In terms of guidance, U-Haul anticipates modest revenue growth with a focus on expanding its rental fleet and enhancing storage capacity, aligning equipment costs with revenue over the medium term.

Revenue
The total revenue of U-Haul Holding N increased by 12.1% to $1.14 billion in 2025 Q4, up from $1.01 billion in 2024 Q4.

Earnings/Net Income
U-Haul Holding N's losses deepened to $0.42 per share in 2025 Q4 from a loss of $0.00 per share in 2024 Q4 (9438.6% wider loss). Meanwhile, the company's net loss widened to $-82.29 million in 2025 Q4, representing a 9435.5% increase from the $-863000 loss recorded in 2024 Q4. Remarkably, the company has sustained profitability for more than 20 years over the corresponding fiscal quarter, underscoring strong operational resilience. The EPS results indicate a significant downturn for U-Haul.

Price Action
The stock price of U-Haul Holding N has edged up 1.37% during the latest trading day, has climbed 3.11% during the most recent full trading week, and has climbed 3.77% month-to-date.

Post-Earnings Price Action Review
The strategy of buying UHAL when there's a revenue miss and holding for 30 days yielded no returns, resulting in a strategy return of 0.00% with a benchmark return of 48.85%. Although the maximum drawdown was also 0.00%, showing no loss during this period, important risk assessment metrics such as the Sharpe ratio and volatility were not provided. This absence of data limits a comprehensive analysis of the strategy's performance. The lack of movement in the strategy return suggests that the market had already priced in potential fluctuations or that external factors influenced the stock's stability. Investors may need to consider additional variables when evaluating this strategy in the future.

CEO Commentary
Joe Shoen, Chairman of U-Haul Holding Company, highlighted the significant challenges faced by the company, particularly the impact of high fleet replacement costs and increased depreciation expenses, which contributed to a net loss of $82.3 million in the fourth quarter. Despite these hurdles, he expressed optimism about improving market conditions, indicating that both the truck acquisition and sale markets are showing signs of recovery. Shoen emphasized the company's strategic focus on expanding its U-Box program, which has seen substantial growth, suggesting a strong potential for future performance. He underscored the commitment to aligning equipment costs with revenue over the medium term, fostering a cautious yet positive outlook for upcoming periods.

Guidance
U-Haul Holding Company aims to achieve modest revenue growth in the near term, expecting an increase in equipment rental revenues and self-storage revenues. The company plans to maintain capital expenditures at approximately $1.863 billion, reflecting a focus on expanding its rental fleet and enhancing its storage capacity. While the average occupancy rate is projected to stabilize, U-Haul anticipates continued demand for its U-Box services, positioning the company for potential recovery in overall earnings as market conditions improve.

Additional News
In recent developments, U-Haul Holding Company declared a cash dividend on its Non-Voting Common Stock of $0.05 per share, paid to holders of record on March 17, 2025, with the payout occurring on March 28, 2025. Additionally, the company added 20 new storage locations during the fourth quarter, expanding its net rentable square footage by 1.6 million, which includes acquisitions and internally developed sites. This expansion reflects U-Haul's ongoing commitment to growing its storage business. Furthermore, U-Haul announced its investor call for fiscal 2025, scheduled for May 29, 2025, at 8 a.m. Arizona Time, which will be broadcast live and accessible for replay at investors.uhaul.com.