Coleoid cephalopods are thought to go through only one reproductive cycle in their life. We here report that vampire squid (Vampyroteuthis infernalis) show evidence of multiple reproductive cycles. Female vampire squid spawn their eggs, then return to a resting reproductive state, which is followed by the development of a new batch of eggs. This reproductive cycle is likely to be repeated more than twenty times. This combination of reproductive traits is different from that of any other extant coleoid cephalopod.