Navigator Holdings Ltd's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Navigator Holdings Ltd reported revenue of $587.0M (+3.6% year on year) and net income of $105.9M (+12.5% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Operating revenues | $538.5M | $511.7M | $493.3M | $405.3M |
| Operating revenues – Unigas Pool | $48.5M | $55.0M | $50.0M | $46.3M |
| Operating revenues – Luna Pool collaborative arrangements | $0 | $0 | $7.4M | $22.1M |
| Total operating revenues | $587.0M | $566.7M | $550.7M | $473.8M |
| Brokerage commission | $7.3M | $7.0M | $6.9M | $5.9M |
| Voyage expenses | $77.3M | $72.1M | $74.5M | $78.7M |
| Voyage expenses – Luna Pool collaborative arrangements | $0 | $0 | $5.6M | $20.7M |
| Vessel operating expenses | $191.3M | $175.0M | $171.0M | $159.3M |
| Depreciation and amortization | $134.5M | $132.7M | $129.2M | $126.2M |
| General and administrative costs | $36.4M | $36.6M | $31.2M | $27.4M |
| Profit from sale of vessels | ($25.2M) | $0 | ($4.8M) | ($4.7M) |
| Total net operating expenses | $421.5M | $423.5M | $413.5M | $413.1M |
| Operating Income | $165.4M | $143.2M | $137.2M | $60.7M |
| Realized loss on non-designated derivative instruments | ($1.2M) | $0 | — | — |
| Unrealized loss on non-designated derivative instruments | ($4.7M) | ($7.5M) | ($7.3M) | $25.1M |
| Interest expense | ($55.8M) | ($56.1M) | ($64.9M) | ($50.8M) |
| Interest income | $5.8M | $6.2M | $5.7M | $1.1M |
| Write off of deferred financing costs | ($266.0K) | ($829.0K) | ($171.0K) | ($212.0K) |
| Unrealized foreign exchange gain/(loss) | ($1.3M) | ($2.0M) | — | — |
| Loss on repayment of senior and unsecured bonds | $0 | ($1.5M) | $0 | ($1.1M) |
| Net Other income | $2.3M | — | — | — |
| Income before taxes and share of result of equity method investments | $110.3M | $81.6M | $70.6M | — |
| Income taxes | ($12.5M) | ($4.4M) | ($4.3M) | ($5.9M) |
| Share of result of equity method investments | $8.0M | $16.9M | $20.6M | $25.8M |
| Net income | $105.9M | $94.1M | $86.9M | $54.9M |
| Net income attributable to non-controlling interest | ($5.8M) | ($8.5M) | ($4.6M) | ($1.4M) |
| Net Income attributable to stockholders of Navigator Holdings Ltd. | $100.1M | $85.6M | $82.3M | $53.5M |
| Basic (in dollars per share) | $1.49 | $1.20 | $1.11 | $0.69 |
| Diluted (in dollars per share) | $1.47 | $1.19 | $1.10 | $0.69 |
| Basic (in shares) | 67.3M | 71.1M | 74.1M | 77.2M |
| Diluted (in shares) | 68.0M | 71.8M | 74.6M | 77.6M |
| Line item | Jun 30, 2026 · YTD | Jun 30, 2025 · YTD | Jun 30, 2024 · YTD | Jun 30, 2023 · YTD |
|---|---|---|---|---|
| Operating revenues | $285.9M | $257.1M | $252.6M | $238.7M |
| Operating revenues – Unigas Pool | $22.6M | $23.9M | $28.2M | $25.3M |
| Total operating revenues | $308.6M | $281.0M | $280.8M | $271.3M |
| Brokerage commission | $3.8M | $3.5M | $3.5M | $3.4M |
| Voyage expenses | $47.7M | $35.9M | $31.3M | $35.8M |
| Vessel operating expenses | $92.9M | $94.4M | $85.6M | $84.7M |
| Depreciation and amortization | $63.4M | $69.0M | $66.8M | $64.0M |
| General and administrative costs | $21.5M | $18.4M | $17.8M | $15.0M |
| Profit from sale of vessels | ($27.3M) | $12.6M | $0 | ($4.9M) |
| Total net operating expenses | $202.0M | $221.1M | $205.0M | $203.4M |
| Operating income | $106.6M | $59.9M | $75.8M | $67.9M |
| Realized loss on non-designated derivatives instruments | ($374.0K) | ($1.2M) | — | — |
| Unrealized (loss)/gain on non-designated derivative instruments | $4.0M | ($2.4M) | ($2.0M) | ($1.1M) |
| Interest expense | ($25.5M) | ($27.8M) | ($31.9M) | ($30.4M) |
| Interest income | $3.3M | $2.8M | $3.2M | $1.9M |
| Write off of deferred financing costs | ($100.0K) | ($257.0K) | $0 | ($171.0K) |
| Unrealized foreign exchange gain/(loss) | ($2.6M) | ($146.0K) | — | — |
| Other income | $1.3M | $4.8M | $0 | ($96.0K) |
| Income before taxes and share of result of equity method investments | $86.7M | $48.4M | $45.1M | $38.2M |
| Income taxes | ($3.0M) | ($1.4M) | ($2.4M) | ($3.1M) |
| Share of result of equity method investments | $9.7M | $3.9M | $9.1M | $11.3M |
| Net income | $93.4M | $51.0M | $51.8M | $46.3M |
| Net income attributable to non-controlling interest | ($4.9M) | ($2.5M) | ($5.9M) | ($953.0K) |
| Net income attributable to stockholders of Navigator Holdings Ltd. | $88.4M | $48.5M | $45.8M | $45.4M |
| Basic (in dollars per share) | $1.40 | $0.70 | $0.63 | $0.61 |
| Diluted (in dollars per share) | $1.38 | $0.69 | $0.62 | $0.60 |
| Basic (in shares) | 63.3M | 69.1M | 72.8M | 74.8M |
| Diluted (in shares) | 64.0M | 69.8M | 73.3M | 75.3M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $154.9M | $130.8M | — | — |
| Restricted cash | $49.9M | $9.0M | — | — |
| Accounts receivable, net of allowance for credit losses | $34.8M | $29.0M | $34.7M | $18.2M |
| Accrued income | $7.8M | $5.8M | $2.4M | $9.4M |
| Prepaid expenses and other current assets | $19.5M | $14.8M | $17.1M | $21.2M |
| Bunkers and other inventory | $15.4M | $13.8M | $9.0M | $8.5M |
| Insurance receivable | $6.5M | $3.4M | $526.0K | $1.5M |
| Amounts due from related parties | $6.5M | $13.8M | $33.4M | $16.4M |
| Total current assets | $295.5M | $220.4M | $255.4M | $228.3M |
| Vessels, net | $1.6B | $1.7B | $1.8B | $1.7B |
| Vessels under construction | $115.3M | $41.6M | — | — |
| Asset held for sale | $7.8M | — | — | — |
| Property, plant and equipment, net | $302.0K | $385.0K | $142.0K | $198.0K |
| Intangible assets, net of accumulated amortization | $360.0K | $406.0K | $332.0K | $239.0K |
| Equity method investments | $247.9M | $253.7M | $174.9M | $148.5M |
| Derivative assets | $1.4M | $7.2M | $14.7M | $22.0M |
| Right-of-use asset | $1.3M | $2.1M | $2.9M | $3.6M |
| Other non-current assets | $8.3M | $1.3M | — | — |
| Total non-current assets | $2.0B | $2.0B | $1.9B | $1.9B |
| Total Assets | $2.3B | $2.2B | $2.2B | $2.1B |
| Current portion of secured term loan facilities, net of deferred financing costs | $168.1M | $250.1M | $120.3M | $99.0M |
| Current portion of operating lease liabilities | $1.2M | $1.2M | $914.0K | $219.0K |
| Accounts payable | $12.6M | $13.8M | $11.6M | $7.8M |
| Accrued expenses and other liabilities | $35.5M | $24.3M | $20.8M | $24.7M |
| Accrued interest | $4.1M | $4.8M | $5.5M | $4.2M |
| Deferred income | $27.3M | $24.5M | $25.6M | $23.1M |
| Derivative liability | $2.2M | — | — | — |
| Total current liabilities | $250.9M | $318.8M | $185.4M | $159.6M |
| Secured term loan facilities and revolving credit facilities, net of current portion and deferred financing costs | $594.0M | $505.0M | $642.0M | $608.3M |
| Senior unsecured bond, net of deferred financing costs | $138.2M | $98.4M | $90.3M | $98.9M |
| Operating lease liabilities, net of current portion | $1.6M | $2.6M | $3.5M | $4.0M |
| Deferred income | $18.0M | — | — | — |
| Deferred tax liabilities | $19.6M | $9.5M | $7.0M | $4.3M |
| Total non-current liabilities | $771.4M | $615.5M | $784.2M | $763.7M |
| Total liabilities | $1.0B | $934.3M | $969.6M | $923.3M |
| Common stock—$0.01 par value per share; 400,000,000 shares authorized; 65,250,444 shares issued and outstanding at December 31, 2025 (December 31, 2024: 69,397,648) | $653000.00 | $695000.00 | $733000.00 | $769000.00 |
| Additional paid-in capital | $799.4M | $800.8M | $799.5M | $798.2M |
| Accumulated other comprehensive loss | ($408.0K) | ($548.0K) | ($152.0K) | ($463.0K) |
| Retained earnings | $427.2M | $404.5M | $390.2M | $364.0M |
| Total Navigator Holdings Ltd. Stockholders’ Equity | $1.2B | $1.2B | $1.2B | $1.2B |
| Non-controlling interest | $29.9M | $40.9M | $42.8M | $10.9M |
| Total equity | $1.3B | $1.2B | $1.2B | $1.2B |
| Total Liabilities and Stockholders’ Equity | $2.3B | $2.2B | $2.2B | $2.1B |
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 |
|---|---|---|---|---|
| Cash and cash equivalents | $225.9M | $238.1M | — | — |
| Restricted cash | $47.9M | $49.3M | — | — |
| Accounts receivable, net of allowance for credit losses | $38.6M | $30.8M | $19.2M | $23.5M |
| Accrued income | $8.8M | $4.2M | $7.7M | $9.5M |
| Prepaid expenses and other current assets | $23.2M | $22.9M | $16.8M | $24.0M |
| Bunkers and other inventory | $19.5M | $14.2M | $12.6M | $10.7M |
| Insurance receivable | $10.7M | $5.1M | $2.8M | $2.6M |
| Amounts due from related parties | $9.0M | $9.0M | $25.3M | $27.1M |
| Total current assets | $383.6M | $373.6M | $222.8M | $277.8M |
| Property, plant and equipment, net | $1.5B | $1.7B | $1.7B | $1.8B |
| Vessels under construction | $140.1M | $64.0M | — | — |
| Assets held for sale | $0 | — | — | — |
| Intangible assets, net of accumulated amortization | $293.0K | $399.0K | $284.0K | $251.0K |
| Equity method investments | $247.7M | $258.5M | $193.3M | $151.9M |
| Derivative assets | $2.5M | $2.1M | $12.6M | $20.9M |
| Right-of-use asset | $4.2M | $1.9M | $2.3M | $3.4M |
| Other non-current assets | $8.3M | $2.5M | — | — |
| Total non-current assets | $1.9B | $2.0B | $1.9B | $2.0B |
| Total Assets | $2.3B | $2.4B | $2.1B | $2.3B |
| Current portion of secured term loan facilities, net of deferred financing costs | $140.0M | $147.6M | $118.5M | $119.7M |
| Current portion of operating lease liabilities | $967.0K | $1.3M | $1.2M | $238.0K |
| Accounts payable | $14.0M | $12.6M | $9.5M | $10.2M |
| Accrued expenses and other liabilities | $41.1M | $37.1M | $26.1M | $21.2M |
| Accrued interest | $4.6M | $5.6M | $5.1M | $4.0M |
| Deferred income | $23.7M | $29.9M | $25.6M | $24.8M |
| Derivative liability | $0 | $1.0M | — | — |
| Total current liabilities | $224.4M | $235.1M | $186.6M | $181.6M |
| Secured term loan facilities and revolving credit facilities, net of current portion and deferred financing costs | $641.9M | $741.1M | $579.1M | $726.1M |
| Senior unsecured bond, net of deferred financing costs | $138.4M | $137.9M | $90.5M | $99.1M |
| Operating lease liabilities, net of current portion | $4.7M | $2.3M | $2.9M | $4.2M |
| Deferred income | $18.0M | — | — | — |
| Deferred tax liabilities | $21.0M | $9.8M | $8.4M | $6.1M |
| Total non-current liabilities | $824.1M | $891.0M | $719.0M | $880.2M |
| Total liabilities | $1.0B | $1.1B | $905.6M | $1.1B |
| Common stock—$0.01 par value per share; 400,000,000 shares authorized; 61,493,127 shares issued and outstanding at June 30, 2026 (December 31, 2025: 65,250,444) | $616000.00 | $671000.00 | $697000.00 | $736000.00 |
| Additional paid-in capital | $800.6M | $801.6M | $799.9M | $798.8M |
| Accumulated other comprehensive loss | ($949.0K) | $78.0K | ($444.0K) | ($411.0K) |
| Retained earnings | $438.5M | $411.2M | $375.1M | $364.8M |
| Total Navigator Holdings Ltd. Stockholders’ Equity | $1.2B | $1.2B | $1.2B | $1.2B |
| Non-controlling interest | $33.2M | $41.8M | $48.7M | $39.1M |
| Total equity | $1.3B | $1.3B | $1.2B | $1.2B |
| Total Liabilities and Stockholders’ Equity | $2.3B | $2.4B | $2.1B | $2.3B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $105.9M | $94.1M | $86.9M | $54.9M |
| Unrealized loss on non-designated derivative instruments | $4.7M | $7.5M | $7.3M | ($25.1M) |
| Realized loss on non-designated derivative instruments | $1.2M | $0 | — | — |
| Proceeds from derivative settlements | $2.6M | — | — | — |
| Depreciation and amortization | $134.5M | $132.7M | $129.2M | $126.2M |
| Payment of drydocking costs | ($25.8M) | ($32.1M) | ($12.4M) | ($18.3M) |
| Profit from sale of vessel | ($25.2M) | $0 | ($4.8M) | ($4.7M) |
| Share-based compensation expense | $1.8M | $1.3M | $1.3M | $869.0K |
| Amortization of deferred financing costs | $3.5M | $4.1M | $3.7M | $3.9M |
| Share of results of equity method investments | ($8.0M) | ($16.9M) | ($20.6M) | ($25.8M) |
| Deferred taxes | $10.2M | $3.3M | $2.4M | — |
| Repayments under operating lease obligations | ($1.4M) | ($1.0M) | ($289.0K) | — |
| Gain on the consolidation of VIE | $0 | ($504.0K) | — | — |
| Net Other Income | ($2.3M) | — | — | — |
| Other unrealized foreign exchange (gain)/loss | ($359.0K) | $965.0K | — | — |
| Accounts receivable | ($5.8M) | $5.6M | ($16.4M) | $13.7M |
| Insurance claim receivable | ($5.5M) | ($6.4M) | $400.0K | ($3.9M) |
| Bunkers and lubricant oils | ($1.7M) | ($4.7M) | ($496.0K) | $4.0M |
| Accrued income, prepaid expenses and other current assets | ($5.9M) | ($342.0K) | $11.0M | ($9.5M) |
| Accounts payable, accrued interest, accrued expenses and other liabilities | $12.0M | $3.3M | $4.5M | $10.5M |
| Amount due to/from related parties | $7.3M | $19.6M | ($17.0M) | $1.2M |
| Net cash provided by operating activities | $201.7M | $210.5M | $174.7M | $130.3M |
| Additions to vessels and equipment | ($85.0M) | $0 | ($191.7M) | ($45.7M) |
| Additions to vessels under construction | ($68.5M) | ($41.2M) | — | — |
| Contributions to equity method investments | ($4.0M) | ($89.0M) | ($36.6M) | $0 |
| Distributions from equity method investments | $17.8M | $27.1M | $30.8M | $27.5M |
| Investment in preferred securities | ($1.3M) | ($1.3M) | — | — |
| Purchase of other property, plant and equipment and intangibles | ($52.0K) | ($194.0K) | ($233.0K) | ($50.0K) |
| Net proceeds from sale of vessels | $47.8M | — | — | — |
| Proceeds from Government Grant | $9.7M | — | — | — |
| Insurance recoveries | $2.4M | $3.6M | $527.0K | $9.3M |
| Net cash used in investing activities | ($81.1M) | ($101.0M) | ($176.5M) | $35.6M |
| Proceeds from secured term loan facilities and revolving credit facilities | $374.6M | $216.1M | $323.6M | $139.3M |
| Direct financing cost of secured term loan and revolving credit facilities and unsecured bonds | ($4.1M) | ($1.5M) | — | — |
| Repurchase of share capital | ($62.7M) | ($57.1M) | ($48.7M) | ($5.5M) |
| (Purchase)/proceeds of unsecured bonds | $40.0M | $5.9M | — | — |
| Repayment of secured term loan facilities and revolving credit facilities | ($367.3M) | ($224.7M) | ($268.3M) | ($186.4M) |
| Repayment of refinancing of vessel to related parties | $0 | ($48.9M) | ($6.8M) | ($6.7M) |
| Cash received from non-controlling interest | $4.0M | $0 | $27.3M | $5.9M |
| Purchase of non-controlling interest | ($16.8M) | — | — | — |
| Dividend paid to non-controlling interest | ($7.1M) | ($1.6M) | — | — |
| Dividends paid | ($14.8M) | ($14.3M) | ($7.3M) | — |
| Net cash provided by/(used in) financing activities | ($54.2M) | ($126.0M) | $6.8M | ($134.1M) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($1.3M) | ($2.0M) | $17.0K | ($2.8M) |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | $65.1M | ($18.4M) | $5.0M | $29.0M |
| Line item | Jun 30, 2026 · YTD | Jun 30, 2025 · YTD | Jun 30, 2024 · YTD | Jun 30, 2023 · YTD |
|---|---|---|---|---|
| Net income | $93.4M | $51.0M | $51.8M | $46.3M |
| Unrealized loss/(gain) on non-designated derivative instruments | ($4.0M) | $2.4M | $2.0M | $1.1M |
| Realized loss on non-designated derivative instruments | $374.0K | $1.2M | — | — |
| Proceeds from derivative settlements | $276.0K | — | — | — |
| Depreciation and amortization | $63.4M | $69.0M | $66.8M | $64.0M |
| Payment of drydocking costs | ($10.9M) | ($12.1M) | ($9.9M) | ($4.3M) |
| Profit from sale of vessels | ($27.3M) | ($12.6M) | $0 | ($4.9M) |
| Share-based compensation expense | $1.2M | $840.0K | $468.0K | $609.0K |
| Amortization of deferred financing costs | $1.5M | $1.7M | $1.7M | $1.9M |
| Share of results of equity method investments | ($9.7M) | ($3.9M) | ($9.1M) | ($11.3M) |
| Deferred taxes | $1.4M | $319.0K | $1.4M | — |
| Repayments under operating lease obligations | ($619.0K) | ($397.0K) | ($320.0K) | — |
| Net other income | ($1.3M) | ($4.8M) | — | — |
| Other unrealized foreign exchange loss | $302.0K | $1.0M | — | — |
| Accounts receivable | ($3.8M) | ($1.7M) | $15.5M | ($5.3M) |
| Insurance claims receivables | ($4.2M) | ($4.0M) | ($3.2M) | ($3.8M) |
| Bunkers and lubricant oils | ($4.1M) | ($485.0K) | ($3.6M) | ($2.1M) |
| Accrued income, prepaid expenses and other current assets | ($1.7M) | ($6.2M) | ($5.8M) | ($1.4M) |
| Accounts payable, accrued interest, accrued expenses and other liabilities | $4.0M | $17.7M | $1.6M | $1.3M |
| Amounts to/(from) related parties | ($2.4M) | $4.8M | $8.1M | ($10.7M) |
| Net cash provided by operating activities | $95.8M | $103.7M | $116.5M | $71.3M |
| Additions to vessels and equipment | ($51.0K) | ($83.7M) | $0 | ($191.7M) |
| Additions to vessels under construction | ($21.6M) | ($20.6M) | — | — |
| Contributions to equity method investments | ($1.6M) | ($4.0M) | ($24.0M) | ($9.0M) |
| Distributions from equity method investments | $11.5M | $3.1M | $14.7M | $16.9M |
| Investment in preferred securities | $0 | ($1.3M) | — | — |
| Net proceeds from sale of vessels | $50.5M | $17.5M | — | $20.7M |
| Insurance recoveries | $35.0K | $2.3M | $1.0M | $2.6M |
| Net cash (used in)/provided by investing activities | $38.8M | ($86.7M) | ($8.3M) | ($160.6M) |
| Proceeds from secured term loan facilities and revolving credit facilities | $118.2M | $377.2M | $0 | — |
| Direct financing cost of secured term loan and revolving credit facilities and unsecured bonds | ($3.3M) | ($3.7M) | $0 | ($3.5M) |
| Repurchase of share capital | ($68.5M) | ($34.8M) | ($53.6M) | ($44.6M) |
| Proceeds of unsecured bonds | $0 | $40.0M | — | — |
| Repayment of secured term loan facilities and revolving credit facilities | ($99.2M) | ($239.3M) | ($66.2M) | ($183.3M) |
| Dividend paid to non-controlling interest | ($1.6M) | ($1.6M) | — | — |
| Dividends paid | ($8.6M) | ($6.9M) | ($7.3M) | — |
| Net cash provided by/(used in) financing activities | ($63.0M) | $130.8M | ($130.4M) | $115.9M |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($2.6M) | ($144.0K) | $2.4M | $574.0K |
| Net increase in cash, cash equivalents and restricted cash | $69.0M | $147.6M | ($19.8M) | $27.2M |
| Cash, cash equivalents and restricted cash at beginning of period | $273.8M | $287.4M | $138.5M | $153.2M |
| Cash, cash equivalents and restricted cash at end of period | $273.8M | $287.4M | — | $180.4M |
| Total interest paid during the period, net of amounts capitalized | $22.6M | $25.6M | $28.1M | $26.2M |
| Total tax paid during the period | $1.1M | $1.1M | $716.0K | $1.0M |
| Cash and cash equivalents | $225.9M | — | — | — |
| Restricted cash | $47.9M | — | — | — |
Navigator Holdings Ltd score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.