U-Haul Holding Co 2026年季度报告

Form 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934. For the quarterly period ended December 31, 2025 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934. For the transition period from __________________ to __________________Commission File Number 001-11255 State or Other Jurisdiction ofIncorporation or OrganizationRegistrant, State of Incorporation,Address and Telephone NumberI.R.S. EmployerIdentification No. 88-0106815 Nevada (A Nevada Corporation)5555 Kietzke Lane Ste 100Reno, Nevada 89511Telephone (775) 688-6300 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ 19,607,788 shares of Common Stock, $0.25 par value, were outstanding as of February 4, 2026. 176,470,092 shares of Series N Non-Voting Common Stock, $0.001 par value, were outstanding as of February 4, 2026. TABLE OF CONTENTS PART I FINANCIAL INFORMATION Item 1.Financial Statementsa)Consolidated Balance Sheets as of December 31, 2025 and March 31, 2025 (unaudited)b)Consolidated Statements of Operations for the Quarters Ended December 31, 2025 and 2024(unaudited)c)Consolidated Statements of Operations for the Nine Months ended December 31, 2025 and 2024(unaudited)d)Consolidated Statements of Comprehensive Income (Loss) for the Quarters and Nine MonthsEnded December 31, 2025 and 2024 (unaudited)e)Consolidated Statements of Changes in Stockholders’ Equity for the Quarters Ended December31, 2025 and 2024 (unaudited)f)Consolidated Statements of Changes in Stockholders' Equity for the Nine Months EndedDecember 31, 2025 and 2024 (unaudited)g)Consolidated Statements of Cash Flows for the Nine Months ended December 31, 2025 and 2024(unaudited)h)Notes to Consolidated Financial Statements (unaudited)Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations47Item 3.Quantitative and Qualitative Disclosures About Market Risk76Item 4.Controls and Procedures79 PART II OTHER INFORMATION Item 1.Legal Proceedings79Item 1A.Risk Factors79Item 2.Unregistered Sales of Equity Securities and Use of Proceeds79Item 3.Defaults Upon Senior Securities80Item 4.Mine Safety Disclosures80Item 5.Other Information80Item 6.Exhibits80 U-HAUL HOLDING COMPANY AND CONSOLIDATED SUBSIDIARIESCONSOLIDATED BALANCE SHEETS LIABILITIES AND STOCKHOLDERS' EQUITY The accompanying notes are an integral part of these consolidated financial statements. U-HAUL HOLDING COMPANY AND CONSOLIDATED SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS Related party revenues for the third quarters ended December 31, 2025 and 2024, net of eliminations, were $8.8 million and $8.9million, respectively. Related party costs and expenses for the third quarters ended December 31, 2025 and 2024, net of eliminations, were $26.2million and $26.5 million, respectively. Please see Note 11, Related Party Transactions, of the Notes to Consolidated Financial Statements for more information on therelated party revenues and costs and expenses. The accompanying notes are an integral part of these consolidated financial statements. U-HAUL HOLDING COMPANY AND CONSOLIDATED SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS Related party revenues for the first nine months ended December 31, 2025 and 2024, net of eliminations, were $28.0 million and$28.0 million, respectively. Related party costs and expenses for the first nine months ended December 31, 2025 and 2024, net of eliminations, were $91.0million and $90.0 million, respectively. Please see Note 11, Related Party Transactions, of the Notes to Consolidated Finan