Norwegian Cruise Line Holdings (NCLH) Q3 2025 10-Q Quarterly Report
Norwegian Cruise Line Holdings (NCLH) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 4, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Norwegian Cruise Line Holdings Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $2.94B Q3 2025, up 4.7% YoY from $2.81B Q3 2024, driven by new ship deliveries increasing Capacity Days
- • Operating income $749.4M Q3 2025 vs $691.2M Q3 2024; Gross margin per Capacity Day $179.77 vs $176.45; Adjusted Gross Margin $2.19B vs $2.03B
Risk Factors
- • No newly added risk factors; no material changes from 2024 10-K
- • Most material update: heightened impact of macroeconomic conditions and global conflicts on cash flow and debt covenant compliance
Norwegian Cruise Line Holdings Q3 2025 Quarterly FinancialsXBRL
Revenue
$2.9B
▲ +4.7% YoY▲ +16.7% QoQ
Net Income
$419M
▼ -11.7% YoY▲ +1298.0% QoQ
Net Margin
14.3%
▼ -265bp YoY▲ +1308bp QoQ
Source: XBRL data from Norwegian Cruise Line Holdings Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
Other Norwegian Cruise Line Holdings Quarterly Reports
Get deeper insights on Norwegian Cruise Line Holdings
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.