According to Budget's 2025 Franchise Disclosure Document, the financial statements include information about the company's net income (loss) for the years 2022, 2023 and 2024. Specifically, in 2024, Budget experienced a net loss of $(1,817). However, in the preceding years, Budget reported net incomes of $1,635 in 2023 and $2,756 in 2022. These figures represent the overall financial performance of Budget during those periods. The net income (loss) attributable to Avis Budget Group, Inc. is $(1,821) for 2024, $1,632 for 2023, and $2,764 for 2022.

Additionally, the financial statements also account for net income (loss) attributable to non-controlling interests, which are $4 in 2024, $3 in 2023, and $(8) in 2022. These values are subtracted from the overall net income (loss) to arrive at the net income (loss) attributable to Avis Budget Group, Inc.

The FDD also includes a breakdown of revenues, expenses, and income taxes that contribute to the net income (loss) calculation. For example, in 2024, Budget had revenues of $11,789 and total expenses of $14,416, resulting in a loss before income taxes of $(2,627). After accounting for a benefit from income taxes of $(810), the net loss for 2024 was $(1,817).

Prospective franchisees should carefully review these financial statements and consult with a financial advisor to understand Budget's financial performance and assess the potential risks and rewards of investing in a Budget franchise. Understanding the factors that contributed to the net loss in 2024, such as long-lived asset impairment charges, is particularly important for making an informed investment decision.