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What this page is: Delvantic's full research page for Viking Holdings Ltd (VIK) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.

Page map (sections in order; each card carries a stable reference-name attribute you can cite):

  • profile-header / price-overview — company profile, live quote, market cap
  • extended-analysis — the core: three AI lens reads with findings, scores, and the analyst memo
  • future-predictions — our forward price-band predictions
  • market-narrative / ai-findings / gpt-critique — narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)
  • Members-only sections (render as login gates for anonymous readers): price-history, income-trend, key-metrics, financials (statement tables), insider-trading. The analysis above is public; the raw data tables require a free account.

More for machine readers: site briefing at /llms.txt · any ticker resolves at delvantic.com/stock/TICKER · raw inputs are public-company filings and market data (via licensed data feeds); every model, score, lens read, and prediction on this page is Delvantic's own analysis.

Viking Holdings Ltd

VIK NYSE
Consumer Cyclical · Travel Services
Pembroke, HM 08, Bermuda viking.com Updated Aug 13, 1:13pm
Price
$105.02
Market Cap
$46.5B
Employees
13,000
Beta
1.50
Avg Volume
1,959,421
CEO
Mr. Torstein Hagen
GICS Category PDF

Viking Holdings Ltd is a Bermuda-incorporated experiential travel company founded in 1997, specializing in destination-focused and culturally immersive cruises. It operates a fleet of over 90 small, state-of-the-art ships, functioning as floating hotels, across river, ocean, and expedition categories, spanning all seven continents, five oceans, and more than 20 iconic rivers, including new Mississippi itineraries and ventures into China. The company emphasizes direct marketing to drive bookings, contrarian investment strategies during downturns, and innovation with 24 new ships on order. Led by Chairman and CEO Torstein Hagen, it employs around 12,000 people and targets enriched experiences for discerning travelers aged 55 and over. Recognized as the top provider in rivers, oceans, and expeditions by Condé Nast Traveler, Viking Holdings Ltd plays a pivotal role in the global cruise industry within the travel and leisure sector, offering meaningful journeys that prioritize cultural depth over mass tourism.

Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 13
No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was May 14, 2026.
EPS surprise history — vs analyst consensus · 5 prints of vendor history
+0.0%
Nov '25
-316.2%
Dec '25
-10.0%
Jan '26
+21.8%
Mar '26
+0.0%
May '26
Print date EPS est. EPS actual Revenue est. Revenue actual
May 14, 2026 $-0.11 $-0.11 +0.0% — —
Mar 3, 2026 $0.55 $0.67 +21.8% — —
Jan 14, 2026 $0.20 $0.18 -10.0% — —
Dec 12, 2025 $-0.68 $-2.83 -316.2% — —
Nov 19, 2025 $1.20 $1.20 +0.0% — —

Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.

Recent SEC Filings
Filed Form Document
Aug 6, 2026 SCHEDULE 13G View
Jun 17, 2026 4 View
Jun 16, 2026 4 View
Jun 15, 2026 144 View
Jun 12, 2026 4 View
Jun 12, 2026 144 View
Jun 10, 2026 4 View
Jun 9, 2026 144 View
Jun 8, 2026 144 View
Jun 3, 2026 4 View
Jun 3, 2026 4 View
Jun 3, 2026 4 View

Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.

Price Overview
Last updated: Aug 14, 2026 8:11am (just now)
Current data · timestamped when a report runs
$106.11
Change · Aug 14
+1.92 (+1.84%)
Day Range
$104.37 – $106.81
52-Week Range
$56.06 – $110.09
50-Day MA
$99.59
200-Day MA
$79.88
Volume
1,562,752.00
Share Structure
Outstanding 446,157,124.00
Float 184,410,073.00
Free Float 41.3%
Moderate free float — 41.3% of shares trade freely, ~58.7% held by insiders/institutions
Reasonable but insiders still hold a significant stake. This can be positive (skin in the game) but may limit liquidity during sell-offs.
Price History (1 Year)
Last updated: Aug 14, 2026 8:11am (just now)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Aug 12, 2026 10:19am (1d ago)
Why there are no quarterly figures for Viking Holdings Ltd

This company does not file structured financial statements with the U.S. SEC, so quarterly figures aren't available from our filings-based data engine. Annual figures shown here come from the sources that do cover it.

Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
TD Twelve Data statement HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEX
Stock Price / EPS (Diluted)
40.86
Stock Price: $105.02
EPS (Diluted): 2.57
P/B Ratio (Price vs net asset value)
HEX
Stock Price / Book Value Per Share
41.81
Stock Price: $105.02
Total Equity: $1.12B
Shares: 446,418,000
EV/EBITDA (Total value vs operating profit)
HEX
Enterprise Value / EBITDA
27.02
Market Cap: $46.49B
Total Debt: $5.50B
Cash: $3.80B
EBITDA: $1.79B
Enterprise Value (Takeover price (cap + debt - cash))
HEX
Market Cap + Total Debt - Cash
$48.3B
Market Cap: $46.49B
Total Debt: $5.50B
Cash: $3.80B
Gross Margin (Revenue left after direct costs)
HEX
Gross Profit / Revenue
43.3%
Gross Profit: $2.82B
Revenue: $6.50B
Operating Margin (Revenue left after all operations)
HEX
Operating Income / Revenue
23.1%
Operating Income: $1.50B
Revenue: $6.50B
Net Margin (Revenue left as actual profit)
HEX
Net Income / Revenue
17.7%
Net Income: $1.15B
Revenue: $6.50B
ROE (Profit from shareholder equity)
HEX
Net Income / Total Equity
102.3%
Net Income: $1.15B
Total Equity: $1.12B
ROIC (Profit from all invested capital)
HEX
NOPAT / Invested Capital
52.4%
Operating Income: $1.50B
Tax Rate: 1.7%
Equity: $1.12B
Total Debt: $5.50B
Cash: $3.80B
Current Ratio (Can it pay short-term bills)
HEX
Current Assets / Current Liabilities
0.79
Current Assets: $4.50B
Current Liabilities: $5.72B
Debt/Equity (Leverage — debt vs equity)
HEX
Total Debt / Total Equity
4.91
Short-Term Debt: $374.61M
Long-Term Debt: $5.13B
Total Debt: $5.50B
Total Equity: $1.12B
Rev/Share (Top-line per share)
HEX
Revenue / Shares Outstanding
$14.56
Revenue: $6.50B
Shares: 446,418,000
Book Value/Share (Net assets per share)
HEX
(Total Assets - Total Liabilities) / Shares
$2.51
Total Equity: $1.12B
Shares: 446,418,000
FCF/Share (Real cash generated per share)
HEX
(Operating Cash Flow + CapEx) / Shares
$5.74
Operating CF: $2.56B
CapEx: $0.00
Shares: 446,418,000
Div Yield (Annual income from holding)
TD
Last Annual Dividend / Stock Price
—
Last Dividend: $0.00
Stock Price: $105.02
Payout Ratio (Earnings paid out as dividends)
HEX
Dividends Paid / Net Income
0.0%
Dividends Paid: $0.00
Net Income: $1.15B
Income Statement (Annual)
Last updated: Aug 12, 2026 10:19am (1d ago)
Metric 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
Operating Expenses $960.9M $1.0B $1.1B $1.3B
Operating Income $62.7M $816.0M $1.1B $1.5B
Net Income $414.7M -$1.9B $152.3M $1.1B
EBITDA $340.8M $1.1B $1.3B $1.8B
EPS $0.93 $-4.17 $0.36 $2.59
EPS (Diluted) $0.51 $-4.17 $0.36 $2.57
Balance Sheet (Annual)
Last updated: Aug 12, 2026 10:19am (1d ago)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $1.8B $1.3B $1.5B $2.5B $3.8B
Total Current Assets — — $2.4B $3.2B $4.5B
Total Assets — — $8.6B $10.1B $12.2B
Current Liabilities — — $4.4B $5.2B $5.7B
Long-Term Debt — — — $4.9B $5.1B
Total Liabilities — — $13.8B $10.3B $11.1B
Total Equity -$3.8B -$3.4B -$5.3B -$219.0M $1.1B
Retained Earnings — — -$5.4B -$5.3B -$4.2B
Cash Flow (Annual)
Last updated: Aug 12, 2026 10:19am (1d ago)
Metric 2022 2023 2024 2025
Operating Cash Flow $372.7M $1.4B $2.1B $2.6B
Capital Expenditure — — — —
Free Cash Flow — — — —
Acquisitions (net) — — — —
Net Debt Issued / (Repaid) $442.6M $105.3M $92.2M $111.4M
Dividends Paid -$46.5M -$49.3M -$18.9M $0
Stock Buybacks — — — —
Net Change in Cash -$559.6M $260.6M $976.0M $1.3B
Growth Trends (YoY %)
Last updated: Aug 12, 2026 10:19am (1d ago)
Metric 2023 2024 2025
Revenue Growth +48.3% +13.2% +21.9%
Gross Profit Growth +81.6% +19.4% +26.9%
Operating Income Growth +1,200.4% +31.8% +39.7%
Net Income Growth -546.2% +108.2% +653.3%
EBITDA Growth +213.9% +24.9% +33.7%
Industry Benchmarks
Compares VIK against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
Not applicable for this companies
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
Not applicable for this companies
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
Not applicable for this companies
4h Dividend Discount Model — For dividend/income stocks only
Not applicable for this companies
4i Book Value Analysis — For deep value / turnaround stocks only
Not applicable for this companies
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
Not applicable for this companies
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for VIK — it's generated by the pipeline (market-narrative step).
Claude Reading
Claude Opus reviews the pipeline's raw data + every prior verdict, then writes an independent take.
No AI findings yet for VIK — they're generated by the pipeline (ai-findings step) when a report is run on this ticker.
GPT Reading
GPT reads the identical raw briefing blind — one of the Big-3 independent readings — and commits to its own verdict.
No GPT reading yet for VIK — it's generated by the pipeline (gpt-critique step) after the other Big-3 seats, when a report is run on this ticker.
Grok Reading
Grok (xAI) reads the identical raw briefing blind — one of the Big-3 independent readings — and commits to its own verdict.
No Grok reading yet for VIK — it's generated by the pipeline (grok-critique step) alongside the other Big-3 seats, when a report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
A separate, manually-run forensic pipeline (dilution, earnings quality, liquidity → two scored lenses → the play). Hasn't been run for this ticker yet.
Community AI Feedback
No community reviews yet for VIK. Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.532 · 1ec19de8 · 2026-08-13 17:53:37