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    Airlines, Airports & Air Services
Norse Atlantic ASA

Norse Atlantic ASA

NRSAF
Norse Atlantic ASAUS flagOther OTC
0.55
USD
+0.00
- -
90.60MMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
2.68
3.53
2.46
2.64
0.73
Basic EPS, GAAP
-0.14
-4.49
-1.35
-0.57
-0.22
-0.14
Free Cash Flow per Basic Share
-0.16
-2.18
-0.2
0.14
0.17
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
3.09
0.11
-0.4
-0.77
-0.87
-0.07
Tangible Book Value per Share
3.07
0.08
-0.41
-0.78
-0.87
-0.07
Basic Weighted Avg Shares
51
39
125
239
278
959
Sales/Revenue/Turnover
- -
104
439
588
734
698
Operating Margin (%)
- -
-140.12
-30.77
-16.5
-2.74
-8.54
Depreciation Expense
- -
59
84
88
77
75
Net Income, GAAP
-7
-175
-169
-135
-62
-136
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
-167.81
-38.4
-23.03
-8.44
-19.43
Working Capital
133
9
-65
-165
-208
-166
LT Debt
93
926
902
848
747
685
Total Equity
157
11
-90
-211
-260
-194
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-209.4
- -
- -
- -
- -

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
88
89
111
LT Borrowings
36
36
9
LT Finance Leases
711
694
676
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
300
300
2,952
Market Capitalization
206
204
- -

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
142
130
172
Cash, Cash Equivalents & STI
18
5
67
Accounts Receivable, Net
24
22
13
Inventories
6
7
7
Total Current Liabilities
350
361
338
Payables & Accruals
- -
- -
- -
ST Debt
88
89
111
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
23.48%
Free Cash Flow
- -
- -
46.14%
Net Income, GAAP
- -
- -
-54.27%
Sales/Revenue/Turnover
- -
- -
24.81%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
78
165
222
123
588
2025
125
203
250
156
734
2026
160
132
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.27
-0.14
-0.03
-0.13
-0.57
2025
-0.05
-0.02
-0.03
-0.11
-0.22
2026
-0.08
-0.02
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Kristin Berthelsen
Full Time Employees
1,082
Sector
Industrials
Industry
Airlines, Airports & Air Services
Address
Fløyveien 14 Arendal Norway 4838
IPO Date
Sep 10, 2021
Website
flynorse.com
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Business
Norse Atlantic ASA is an airline offering affordable long-haul flights. The company deploys a fleet of modern Boeing 787 Dreamliners, providing service across a network connecting Europe, North America, and now expanding into Asia and Africa. Founded in 2021 and based in Arendal, Norway, it also engages in aircraft, crew, maintenance, and insurance (ACMI) wet lease operations for other carriers.

Company News

Company News APIChatGPT

  • reuters.com

    Norse Atlantic lands lease deal with Pakistan's PIA

  • reuters.com

    Norse Atlantic Airways keeps reduced capacity as high fuel costs weigh

  • seekingalpha.com

    Norse Atlantic ASA (NRSAF) Q2 2026 Earnings Call Prepared Remarks Transcript

  • reuters.com

    Norse Atlantic starts formal process for possible sale or merger

  • reuters.com

    India's largest airline IndiGo to end Norse Atlantic widebody lease

  • gurufocus.com

    Norse Atlantic Launches Strategic Review After Stock Plunges 71%

  • seekingalpha.com

    Norse Atlantic ASA (NRSAF) Q1 2026 Earnings Call Prepared Remarks Transcript

  • seekingalpha.com

    Norse Atlantic ASA (NRSAF) Q4 2025 Earnings Call Transcript