FLNG revenueFY2025$347.64M
- FY YoY
- -2.4%
- 5Y CAGR
- +16.1%
FLNG revenue was $347.64M for fiscal 2025 (ended Dec 31, 2025), down 2.4% from fiscal 2024. Compound annual growth was +16.1% over 5 years. It rose in 6 of the last 8 fiscal years.
FLEX LNG Ltd. (FLNG) financials
For fiscal 2025 (ended Dec 31, 2025), FLEX LNG Ltd. reported $347.64M of revenue and $74.81M of net income.
- Revenue, FY2025
- $347.64M
- Revenue growth, YoY
- -2.4%
- Net income, FY2025
- $74.81M
- Net income growth, YoY
- -36.4%
- Net margin
- 21.5%
- EPS, diluted, FY2025
- $1.38
- EPS growth, YoY
- -36.7%
- Cash
- $447.63M
- Total debt
- $1.85B
- P/E
- 18.83
- P/S
- 4.05
- Market cap
- $1.41B
FY2017FY2025
FY2017FY2025
FLNG revenue and earnings growth
FLNG net incomeFY2025$74.81M
- FY YoY
- -36.4%
- 5Y CAGR
- +56.0%
FLNG net income was $74.81M for fiscal 2025 (ended Dec 31, 2025), down 36.4% from fiscal 2024. Compound annual growth was +56.0% over 5 years. It rose in 3 of the last 7 fiscal years.
FLNG EPSFY2025$1.38
- FY YoY
- -36.7%
- 5Y CAGR
- +55.9%
FLNG diluted EPS was $1.38 for fiscal 2025 (ended Dec 31, 2025), down 36.7% from fiscal 2024. Compound annual growth was +55.9% over 5 years.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $347.64M | $356.35M | $371.02M | $347.92M | $343.45M | $164.46M | $119.97M | $77.21M | $27.33M |
| Selling, general and admin | $7.97M | $9.79M | $10.47M | $9.15M | $7.89M | $6.30M | $7.51M | $4.64M | $3.41M |
| Operating income | $175.80M | $197.79M | $217.16M | $200.62M | $201.16M | $75.62M | $55.01M | $29.00M | -$12.61M |
| Interest expense | $92.63M | $105.59M | $108.72M | $76.60M | $56.22M | $41.80M | $33.88M | $17.78M | $234.0K |
| Pre-tax income | $74.90M | $117.82M | $120.12M | $188.14M | $162.30M | $8.19M | $17.15M | $11.77M | -$10.39M |
| Income tax | $82.0K | $132.0K | $78.0K | $98.0K | $99.0K | $84.0K | $182.0K | -$10.0K | $17.0K |
| Net income | $74.81M | $117.68M | $120.04M | $188.04M | $162.21M | $8.11M | $16.97M | $11.78M | -$10.41M |
| EPS, basic | $1.38 | $2.19 | $2.24 | $3.53 | $3.04 | $0.15 | $0.31 | $0.29 | -$0.34 |
| EPS, diluted | $1.38 | $2.18 | $2.22 | $3.51 | $3.04 | $0.15 | $0.31 | $0.29 | -$0.34 |
| Diluted shares | 54.1M | 54.0M | 54.0M | 53.5M | 53.3M | 54.3M | 54.2M | 40.6M | 30.8M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $447.63M | $437.15M | $410.54M | $332.40M | $201.17M | $128.96M | $129.10M | $55.10M | $9.96M |
| Receivables | $392.0K | $1.40M | $447.0K | $4.86M | $5.27M | $4.05M | $5.42M | $0 | - |
| Inventory | $9.00M | $4.82M | $5.09M | $5.26M | $6.45M | $3.66M | $2.69M | $915.0K | - |
| Current assets | $503.27M | $474.38M | $443.06M | $354.05M | $224.89M | $157.84M | $143.89M | $60.42M | - |
| Total assets | $2.62B | $2.67B | $2.71B | $2.68B | $2.57B | $2.30B | $1.64B | $1.29B | - |
| Current liabilities | $165.83M | $158.78M | $153.27M | $153.20M | $131.59M | $131.83M | $57.73M | $35.46M | - |
| Short-term debt | $111.61M | $108.91M | $106.14M | $99.71M | $85.88M | $68.34M | $36.26M | $23.63M | - |
| Long-term debt | $1.74B | $1.70B | $1.71B | $1.62B | $1.55B | $1.34B | $744.28M | $431.60M | - |
| Total debt | $1.85B | $1.81B | $1.81B | $1.72B | $1.64B | $1.41B | $780.54M | $455.23M | - |
| Total liabilities | $1.90B | $1.86B | $1.86B | $1.77B | $1.68B | $1.47B | $802.02M | $467.06M | - |
| Shareholders' equity | $719.26M | $806.63M | $847.65M | $907.09M | $889.39M | $835.17M | $839.26M | $827.32M | $520.17M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $140.74M | $182.80M | $175.03M | $219.88M | $214.84M | $89.30M | $51.53M | $35.71M | -$17.75M |
| Investing cash flow | $0 | -$4.0K | -$2.0K | -$5.0K | -$265.93M | -$691.39M | -$291.54M | -$584.43M | -$77.71M |
| Financing cash flow | -$130.68M | -$155.61M | -$96.54M | -$88.76M | $123.10M | $603.32M | $314.00M | $593.86M | $103.99M |
| Dividends paid | $162.27M | $161.67M | $181.22M | $186.09M | $98.93M | $10.82M | $5.41M | $0 | $0 |
| Share repurchases | - | - | $0 | $0 | $7.79M | $1.66M | $0 | $0 | - |
| Stock-based compensation | $76.0K | $1.06M | $1.75M | $331.0K | -$1.27M | $284.0K | $324.0K | $202.0K | $115.0K |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -2.4% | -4.0% | 6.6% | 1.3% | 108.8% | 37.1% | 55.4% | 182.5% | - |
| Net income growth, YoY | -36.4% | -2.0% | -36.2% | 15.9% | 1901.3% | -52.2% | 44.0% | - | - |
| EPS growth, YoY | -36.7% | -1.8% | -36.8% | 15.5% | 1926.7% | -51.6% | 6.9% | - | - |
| Operating margin | 50.6% | 55.5% | 58.5% | 57.7% | 58.6% | 46.0% | 45.9% | 37.6% | -46.2% |
| Net margin | 21.5% | 33.0% | 32.4% | 54.0% | 47.2% | 4.9% | 14.1% | 15.3% | -38.1% |
| Return on equity | 10.4% | 14.6% | 14.2% | 20.7% | 18.2% | 1.0% | 2.0% | 1.4% | -2.0% |
| Return on assets | 2.9% | 4.4% | 4.4% | 7.0% | 6.3% | 0.4% | 1.0% | 0.9% | - |
| Current ratio | 3.03 | 2.99 | 2.89 | 2.31 | 1.71 | 1.20 | 2.49 | 1.70 | - |
| Debt to equity | 2.57 | 2.25 | 2.14 | 1.89 | 1.84 | 1.68 | 0.93 | 0.55 | - |
Source: XBRL data FLEX LNG Ltd. files with the SEC, latest filing dated Feb 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
FLNG peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| FLNG | $347.64M | -2.4% | $74.81M | 21.5% | $1.41B |
| GD | $56.52B | +9.7% | $4.66B | 8.2% | $97.84B |
| RCL | $19.13B | +9.7% | $4.55B | 23.8% | $90.13B |
| CCL | $27.59B | +5.2% | $3.14B | 11.4% | $41.43B |
| VIK | $6.50B | +21.9% | $1.15B | 17.7% | $38.86B |
| BIP | $23.10B | +9.8% | $2.53B | 11.0% | $18.16B |
| HII | $13.53B | +12.6% | $733.00M | 5.4% | $11.99B |
| FRO | $1.97B | -8.8% | $379.08M | 19.2% | $9.86B |
| NCLH | $10.16B | +4.9% | $832.94M | 8.2% | $8.46B |
FLNG FAQ
7 questionsWhat is FLNG revenue?
FLEX LNG Ltd. (FLNG) reported $347.64M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 2.4% from the year before.Is FLNG profitable?
Yes. FLEX LNG Ltd. earned $74.81M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 21.5%.How much cash and debt does FLNG have?
FLEX LNG Ltd. reported $447.63M in cash and cash equivalents and $1.85B of debt on its most recent balance sheet in SEC filings.How fast is FLNG revenue growing?
FLEX LNG Ltd.'s revenue changed -2.4% in fiscal 2025, to $347.64M. Its compound annual growth rate was +16.1% over 5 years.What is FLNG earnings per share?
Diluted earnings per share were $1.38 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did FLNG last report financial results?
The latest statements here come from FLEX LNG Ltd.'s 20-F filed on Feb 27, 2026, covering the period ended Dec 31, 2025.Where does this FLNG financial data come from?
Quantisnow builds these statements from the structured XBRL data FLEX LNG Ltd. files with the SEC. It is provided for information only and is not investment advice.