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Lindblad Expeditions Holdings, Inc.(LIND)Earnings, Financials & Key Ratios
LIND•NASDAQ
$29.57
Price updated Jun 27, 2026
AboutLindblad Expeditions Holdings, Inc. provides expedition cruising and land-based adventure travel experiences. The company delivers voyages through a fleet of ten owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand. The company also provides luxury cycling and adventure tours worldwide under the DuVine name; active small group and private custom journeys throughout the United States national park under the Off the Beaten Path brand name; and curated active small group and private custom journeys that are centered around cinematic walks led by the local guides under the Classic Journeys name. The company has a strategic alliance with the National Geographic Society. Lindblad Expeditions Holdings, Inc. was founded in 1979 and is headquartered in New York, New York.Show more
- Revenue$771M+19.6%
- EBITDA$108M+44.3%
- Net Income-$30M+4.7%
- EPS (Diluted)-0.63+6.0%
- Gross Margin37.64%-19.4%
- EBITDA Margin14.05%+20.7%
- Operating Margin5.9%+76.5%
- Net Margin-3.85%+20.3%
LIND Price & Volume
Lindblad Expeditions Holdings, Inc. (LIND) stock price & volume — 10-year historical chart
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Persistent Negative Equity Masks Operational Revenue Volatility
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial Position:Vulnerable
Cash Flow:Mixed
Primary Risk:High Fixed Cost Leverage
"Lindblad Expeditions faces a challenging fundamental outlook characterized by persistent negative equity, which deteriorated to -$190.1M by 2026Q1, and high fixed-cost leverage that complicates bottom-line profitability. While the company achieves double-digit revenue growth, such as the 23.3% increase in 2025Q4, its reliance on seasonal customer deposits to manage liquidity remains a significant operational risk. Investors should monitor the company's ability to service its $664.7M debt load, as current margins remain highly sensitive to the capital-intensive nature of maintaining a specialized polar-class fleet."
Verdict Logic
the company's current ratio of 0.81 and consistent net losses, including a -$23.6M result in 2025Q4, suggest significant solvency risks that outweigh the potential for top-line growth.
LIND Growth Metrics
Lindblad Expeditions Holdings, Inc. (LIND) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years13.89%
5 Years56.41%
3 Years22.3%
TTM-11.86%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM6.37%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM9.97%
Return on Capital
10 Years-0.78%
5 Years-3.33%
3 Years5.2%
Last Year9.07%
LIND Recent Earnings
Lindblad Expeditions Holdings, Inc. (LIND) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.09+800.0%
$0.01
Rev
$208M+5.5%
$197M
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.45-40.6%
$0.32
Rev
$183M+9.1%
$168M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.33+50.0%
$0.22
Rev
$240M+43.3%
$168M
Q3 2025
Aug 4, 2025Metric
Actual
Est
EPS
$0.18+37.9%
$0.29
Rev
$168M-26.6%
$229M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.09vs $0.01+800.0% | $208Mvs $197M+5.5% |
| Q1 2026 | Feb 26, 2026 | $0.45vs $0.32-40.6% | $183Mvs $168M+9.1% |
| Q4 2025 | Nov 4, 2025 | $0.33vs $0.22+50.0% | $240Mvs $168M+43.3% |
| Q3 2025 | Aug 4, 2025 | $0.18vs $0.29+37.9% | $168Mvs $229M-26.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Lindblad Expeditions Holdings, Inc. (LIND)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $29.57 | $1.63B | -46.94 | 19.59% | -3.85% | — | — | |
| $21.24 | $9.75B | 23.60 | 3.67% | 5.66% | 27.04% | — | |
| $318.13 | $86.06B | 20.38 | 8.8% | 24.39% | 44.93% | — | |
| $29.07 | $39.88B | 14.39 | 6.4% | 11.24% | 24.43% | — | |
| $78.04 | $4.87B | 22.69 | 4.06% | 5.85% | — | — | |
| $37.74 | $831.31M | -26.39 | -5.01% | -2.83% | -6.71% | — |
Compare LIND vs Peers
Lindblad Expeditions Holdings, Inc. (LIND) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LIND SEC Filings & Documents
Lindblad Expeditions Holdings, Inc. (LIND) SEC filings — annual & quarterly reports (10-K, 10-Q)
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LIND Frequently Asked Questions
Lindblad Expeditions Holdings, Inc. (LIND) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Lindblad Expeditions Holdings, Inc.'s revenue?
Lindblad Expeditions Holdings, Inc. (LIND) reported $591.3M in revenue for fiscal year 2025.
How fast is Lindblad Expeditions Holdings, Inc. growing?
Lindblad Expeditions Holdings, Inc. (LIND) grew revenue by 19.6% over the past year. This is strong growth.
Is LIND profitable?
Lindblad Expeditions Holdings, Inc. (LIND) reported a net loss of $24.4M for fiscal year 2025.
Dividend & Returns
What is Lindblad Expeditions Holdings, Inc.'s free cash flow?
Lindblad Expeditions Holdings, Inc. (LIND) generated $40.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.