NORWEGIAN CRUISE LINE HOLDINGS LTD. FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $9.8B |
| Gross margin | 42.6% |
| Operating income | $1.6B |
| Net income | $423.2M |
| Diluted EPS | $0.92 |
| Cash & equivalents | $209.9M |
| Total assets | $22.5B |
| Long-term debt | $13.7B |
Key takeaway
Revenue reached $9.83 billion with operating income of $1.56 billion, showing continued post-pandemic recovery in cruise demand.
🔒 4 more takeaways in the full analysis
Beneath the surface
Cash of only $209.9 million against total debt of $14.6 billion leaves NCLH with a large net debt position of roughly $14.4 billion, far more leveraged than the headline debt figure alone suggests.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for NCLH.
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