Norwegian Cruise Line Holdings Ltd. (NCLH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	10.2B	9.8B	9.5B	8.5B	4.8B
Cost of Revenue	5.8B	6.7B	5.7B	5.5B	4.3B
Gross Profit	4.3B	3.1B	3.8B	3.1B	576.7M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	1.6B	1.5B	1.4B	1.3B	1.4B
General & Admin Expense	878.9M	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	1.1B	—	890.2M	808.6M	749.3M
Total Operating Expenses	2.8B	1.5B	2.3B	2.2B	2.1B
Cost and Expenses	8.6B	8.2B	8.0B	7.6B	6.4B
Operating Income (EBIT)	1.5B	1.6B	1.5B	930.9M	(1.6B)
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	835.7M	2.2B	747.2M	727.5M	801.5M
Net Interest Income	(835.7M)	(2.2B)	(747.2M)	(727.5M)	(801.5M)
Other Non-Op Income/Expense	(759.2M)	(1.2B)	(693.0M)	(767.7M)	(724.9M)
Non-Operating Income (excl Interest)	4.9M	(1.1B)	(54.2M)	40.2M	(76.6M)
EBT (Pre-Tax Income)	773.1M	428.7M	772.9M	163.2M	(2.3B)
Income Tax Expense	12.4M	5.5M	(137.3M)	(3.0M)	(6.8M)
Bottom Line
Net Income	760.8M	423.2M	910.3M	166.2M	(2.3B)
Earnings from Cont. Ops	760.8M	423.2M	910.3M	166.2M	(2.3B)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	760.8M	437.2M	910.3M	166.2M	(2.3B)
Per Share
Basic EPS	$1.67	$0.94	$2.09	$0.39	($5.41)
Diluted EPS	$1.60	$0.90	$1.89	$0.39	($5.41)
Revenue Per Share	$22.12	$21.59	$21.78	$20.14	$11.54
Shares
Basic Shares Outstanding	459.1M	455.3M	435.3M	424.4M	419.8M
Diluted Shares Outstanding	463.9M	459.5M	515.0M	427.4M	419.8M
Profitability Metrics
EBITDA	2.6B	3.8B	2.5B	1.8B	(665.1M)
D&A	1.1B	1.1B	973.5M	883.2M	810.1M
EBIT	1.5B	2.7B	1.5B	890.7M	(1.5B)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026