HERTZ GLOBAL HOLDINGS, INC (HTZWW)
CIK 1657853 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 315.8M shares as of Apr 30, 2026 (10-Q).
Cash runway
Self-funding
generates cash
Full breakdown: cash runway tool · source filing →
Warrants
Warrants outstanding: 82.7M underlying shares, as reported Mar 31, 2026 (10-Q).
Reported exercise price: $13.8 (aggregate figure as tagged; individual tranches vary).
Balance-sheet fair value of warrants: $189.0M as of Mar 31, 2026.
Rough fully diluted estimate: 398.5M = 315.8M O/S + 82.7M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| Exchangeable First Lien Notes Due 2030 | $350.0M | $350.0M | $3.58 | 3.375%-6.75% | ~97.8M sh |
If every note above converted at its tagged price: ~97.8M new shares on 315.8M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.
Notes exactly as the company dimensioned them in its 10-Q filed Aug 6, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 315.8M | Apr 30, 2026 |
| + Warrants (aggregate, as tagged) (if exercised) | 82.7M | Mar 31, 2026 |
| + Exchangeable First Lien Notes Due 2030 (if fully converted) | 97.8M | Jun 30, 2026 |
| Fully diluted estimate | 496.2M | +57.2% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Last 12 months: 3 executed · 1 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
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