Short answer
Hilton Grand Vacations Inc. (HGV) filed its fiscal 2025 10-K annual report with the SEC on Feb 26, 2026. It reported revenue of $4.5B (+1.1% year over year) and net income of $81M.
- Top risk flagged: Cybersecurity risk managed by experienced CISO, reporting quarterly to Audit Committee on threats and incidents
FY2025 key financial metrics · XBRL
- Revenue
- $4.5B
- +1.1% YoY
- Net income
- $81M
- +72.3% YoY
- EPS (diluted)
- $0.89
- +97.8% YoY
- ROE
- 6.3%
- +3.6 pp YoY
- Operating cash flow
- $300M
- −2.9% YoY
Source: XBRL data from the Hilton Grand Vacations Inc. (HGV) FY2025 10-K on SEC EDGAR. USD.
Hilton Grand Vacations Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Vacation ownership sales and financing under Hilton Grand Vacations brand
- New securitization deals in 2025 totaling $1.165 billion, including $65M in Japan, expanding liquidity sources
- Strategic emphasis on share repurchases: $600M repurchased in 2025, new $600M two-year repurchase plan approved
- Total cash and equivalents $239M, restricted cash $332M, with $809M borrowing capacity remaining on revolver
- Committed $9.4B in contractual obligations over 14 years, including $226M in future VOI purchase commitments
Management Discussion & Analysis
- Revenue from contract sales included 17% fee-for-service and 9% just-in-time inventory; total estimated contract sales supply $14.7B
- Financing propensity steady at 67% in 2025 and 2024; weighted-average FICO scores 734 (2025) vs 741 (2024)
- Default rates decreased to 9.86% in 2025 from 10.77% in 2024, indicating improved credit quality
- Over 720,000 club members, 200+ properties worldwide including Florida, Europe, Hawaii; ongoing rebranding of Diamond and Bluegreen properties
- No specific profitability % or margin changes, cash flow, buybacks, dividends, capex, or explicit guidance disclosed in provided text
Risk Factors
- Cybersecurity risk managed by experienced CISO, reporting quarterly to Audit Committee on threats and incidents
- Dependence on third-party service providers with mandatory security assessments to mitigate external cybersecurity risks
- Static cybersecurity governance may lag evolving threat landscape despite regular audits and incident response tabletop exercises
Generated from the filing text; verify against the original. How to read a 10-K
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