Short answer
Royal Caribbean Group (RCL) filed its fiscal 2025 10-K annual report with the SEC on Feb 11, 2026. It reported revenue of $17.9B (+8.8% year over year) and net income of $4.3B.
- Top risk flagged: Cybersecurity risk exposure with senior leadership oversight by CIO and CISO experienced 35+ years and active Board Audit Committee involvement
FY2025 key financial metrics · XBRL
- Revenue
- $17.9B
- +8.8% YoY
- Net income
- $4.3B
- +48.3% YoY
- Operating margin
- 27.4%
- +2.5 pp YoY
- EPS (diluted)
- $15.61
- +42.7% YoY
- ROE
- 42.5%
- +4.5 pp YoY
- Operating cash flow
- $6.5B
- +22.8% YoY
Source: XBRL data from the Royal Caribbean Group (RCL) FY2025 10-K on SEC EDGAR. USD.
Royal Caribbean Group FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Global cruise vacation operator with three main brands plus a 50% JV in German cruise market
- New segment: Launch of Celebrity River Cruises with initial 10 ships ordered, expanding to 20 vessels by 2026
- Strategic shift: Expansion into private land-based destinations, targeting increase from 3 to 7 exclusive locations by 2028
- Quantitative highlight: Fleet growth includes 4 Royal Caribbean ships on order plus 3 TUI Cruises ships, expanding berth capacity significantly
- Noteworthy fact: Signed MOU for two new Discovery-class ships to enter service in 2029 and 2032, representing new ship generation
Management Discussion & Analysis
- Forward-looking statements caution including risks and uncertainties, no specific guidance given
Risk Factors
- Cybersecurity risk exposure with senior leadership oversight by CIO and CISO experienced 35+ years and active Board Audit Committee involvement
- No distinct geopolitical or macroeconomic threat detailed in 10-K text provided
- No operational or supply chain vulnerability specific to Royal Caribbean mentioned
- No named competitor or market disruption risk identified in section provided
Generated from the filing text; verify against the original. How to read a 10-K
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