VIK 6-K SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

VIK ▼ -3.25% at T+5d

LONG call ✗ call lost -3.25% · α vs SPY -2.53% · entry $86.72 → $83.90

Next anchor: T+20d in 2d

Last close $89.04 (close Jun 8) · +2.68% from $86.72 entry

Entry anchored
May 14, 07:00 AM ET
via Databento tick

T+1d

-3.48%

call -3.48% · α -2.26%

$83.70

settled 26d ago

T+5d

-3.25%

call -3.25% · α -2.53%

$83.90

settled 20d ago

T+20d

—

call — · α —

—

in 2d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

Viking reported Q1 2026 revenue of $1,053.7M (+17.5% YoY) and Adjusted EBITDA of $104.8M (+43.9% YoY), significantly beating expectations driven by higher capacity and Net Yield. CEO Leah Talactac succeeds founder Torstein Hagen in a planned transition. Forward bookings are exceptionally strong: 92% of 2026 season sold and 2027 advance bookings up 31% YoY. S&P upgraded Viking's credit rating to BB+ from BB, reflecting improved leverage at 1.0x.

Actionable Insight

Strong operational and booking momentum supports near-term upside. Monitor the conference call for FY guidance and any macro commentary. The credit upgrade and deleveraging provide a safety margin. Consider adding/reducing long positions based on relative cruise sector valuations.

Key Facts

Revenue $1,053.7M (+17.5% YoY), Adjusted EBITDA $104.8M (+43.9% YoY)
Adjusted EPS improved to $(0.11) from $(0.24)
Net Yield $596 (+9.5%), Occupancy 94.7%
Net Leverage improved to 1.0x from 1.1x
S&P upgraded corporate rating to BB+ from BB
92% of Core Products capacity sold for 2026; 38% for 2027
Advance Bookings $6,225M for 2026 (+13%) and $3,403M for 2027 (+31%)
CEO transition: Leah Talactac appointed CEO, Torstein Hagen becomes Executive Chairman

Financial Impact

Revenue up $156.6M (+17.5%), Adjusted EBITDA up $32.0M (+43.9%), Net loss improved by $51.2M

revenueebitdaepsnetLeveragebookings

Risk Factors

Seasonality skews Q1 earnings due to river cruise off-season
Macroeconomic headwinds could impact travel demand
CEO transition introduces execution risk, though planned

Market Snapshot

Exchange

NYSE

Sector

Water Transportation

Analyst Consensus

78% bullish (23 analysts)

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

Document	Accession Number
6-K Filing (Primary)	0001745201-26-000016
Document: 6-k_-_q1_2026_earnings_r.htm	0001745201-26-000016
Document: 0001745201-26-000016-index-headers.html	0001745201-26-000016
Document: 0001745201-26-000016-index.html	0001745201-26-000016
Document: 0001745201-26-000016.txt	0001745201-26-000016

7 reports for VIK

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for VIK — sortable, filterable
	Type				Now
Jun 3, 2026 6d ago	Insider Cluster NEUTRAL ★ 2/10	$89.99 $89.94	▼ −0.06%	▲ +2.54%	$89.04 (−1.06%)
Jun 1, 2026 8d ago	144 NEUTRAL ★ 1/10	$89.53 $88.64	▼ −0.99%	▼ −0.27%	$89.04 (−0.55%)
May 20, 2026 21d ago	144 BEARISH ★ 6/10	$83.12 $83.90	▼ −0.94%	▼ −0.74%	$89.04 (−7.12%)
May 15, 2026 25d ago	6-K NEUTRAL ★ 2/10	$86.06 $82.23	▼ −4.45%	▼ −3.80%	$89.04 (+3.46%)
May 14, 2026 26d ago	6-K BULLISH ★ 6/10	$86.72 $83.70	▼ −3.48%	▼ −2.26%	$89.04 (+2.68%)
May 14, 2026 26d ago	6-K BULLISH ★ 7/10	$86.72 $83.70	▼ −3.48%	▼ −2.26%	$89.04 (+2.68%)
Apr 8, 2026 8w ago	144 NEUTRAL ★ 3/10	$78.26 $77.17	▼ −1.39%	▼ −1.33%	$89.04 (+13.77%)

US Market Status

Market Closed — Opens in 5h 26m

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