Viking Holdings (VIK) financial statements
Viking Holdings reported revenue of $6.5B in fiscal 2025, up 27.0% a year over 3 years.
Net income was $1.1B and the operating margin 23.1%, against 2.0% in 2022.
The diluted share count rose 10% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Viking Holdings's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $3.2B | $4.7B | $5.3B | $6.5B |
| Cost of revenue | $2.2B | $2.9B | $3.1B | $3.7B |
| Gross profit | $1.0B | $1.9B | $2.2B | $2.8B |
| Selling, general and admin | $683M | $789M | $884M | $1.0B |
| Operating income | $63M | $816M | $1.1B | $1.5B |
| Interest expense | $439M | $528M | $380M | $363M |
| Pre-tax income | $424M | -$1.8B | $170M | $1.2B |
| Income tax | $9M | $7M | $17M | $20M |
| Net income | $415M | -$1.9B | $152M | $1.1B |
| EPS (diluted) | -$0.73 | -$4.42 | $0.36 | $2.57 |
| Diluted shares | 406M | 222M | 367M | 446M |
| Gross margin | 32.2% | 39.5% | 41.6% | 43.3% |
| Operating margin | 2.0% | 17.3% | 20.2% | 23.1% |
| Net margin | 13.1% | -39.3% | 2.9% | 17.7% |
Balance sheet
Fiscal years, from Viking Holdings's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $1.3B | $1.5B | $2.5B | $3.8B |
| Receivables | — | $345M | $239M | $142M |
| Inventory | — | $55M | $91M | $96M |
| Total current assets | — | $2.4B | $3.2B | $4.5B |
| Property, plant and equipment | $5.3B | $5.8B | $6.5B | $7.3B |
| Goodwill | — | $8M | $8M | $8M |
| Total assets | — | $8.6B | $10.1B | $12.2B |
| Total current liabilities | — | $4.4B | $5.2B | $5.7B |
| Long-term debt | — | — | $4.9B | $5.1B |
| Total liabilities | — | $13.8B | $10.3B | $11.1B |
| Shareholders' equity | -$3.4B | -$5.3B | -$223M | $1.1B |
| Net debt | -$1.3B | -$1.3B | $2.8B | $1.7B |
Cash flow
Fiscal years, from Viking Holdings's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | $373M | $1.4B | $2.1B | $2.6B |
| Stock-based compensation | $25M | $18M | $14M | $89M |
| Dividends paid | $46M | $49M | $18M | $0 |
| Net borrowing | $443M | $105M | $92M | $111M |
| Dividends per share | $0.11 | $0.22 | $0.05 | — |
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What was Viking Holdings's revenue in 2025?
$6.5B in fiscal 2025, from its 10-K filing.
From Viking Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.