Norwegian Cruise Line Holdings Ltd.

NCLH · NYSE

Norwegian Cruise Line Holdings reported FY2025 revenue of $9.83 billion and Q1 2026 revenue of $2.33 billion, but heavy ship investment and debt keep the thesis tied to cash conversion and balance-sheet repair.

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NYSE NCLH Coverage Bootstrap Norwegian Cruise Line Holdings Ltd.

Latest ReportMay 20, 2026Norwegian Cruise Line: demand is back, but the debt stack still defines the equity storyView report ->Total Reports1Published reportView all ->Active Discussions0No visible comments yetView discussions ->Member WorkspaceLockedFinancials, timeline, comparisons, scorecard, and discussion require a paid login.View access ->

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Latest Thesis

Norwegian Cruise Line: demand is back, but the debt stack still defines the equity story

May 20, 2026Research reportSlides available

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Norwegian Cruise Line Holdings Ltd.Cruise Line: demand is back, but the debt stack still defines thMay 20, 2026

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