Lindblad Expeditions Holdings, Inc. (LIND) Revenue History
Annual and quarterly revenue from 2011 to present
LIND Revenue Over Time (2011–2025)
LIND Revenue Growth History
12 of 13 years with positive growth- FY2011 revenue growth
- N/A
- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- +24.8%
- FY2014 revenue growth
- +3.2%
- FY2015 revenue growth
- +5.8%
- FY2016 revenue growth
- +15.4%
- FY2017 revenue growth
- +10.0%
- FY2018 revenue growth
- +16.2%
- FY2019 revenue growth
- +10.8%
- FY2020 revenue growth
- -76.0%
- FY2021 revenue growth
- +78.6%
- FY2022 revenue growth
- +186.5%
- FY2023 revenue growth
- +35.1%
- FY2024 revenue growth
- +13.2%
- FY2025 revenue growth
- +19.6%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $0 | -100.0% |
| Q4 2025 | $183.2M | +23.3% |
| Q3 2025 | $240.2M | +16.6% |
| Q2 2025 | $167.9M | +23.0% |
| Q1 2025 | $179.7M | +17.0% |
| Q4 2024 | $148.6M | +18.5% |
| Q3 2024 | $206.0M | +17.1% |
| Q2 2024 | $136.5M | +9.4% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
LIND's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
LIND Revenue Analysis (2011–2025)
Current Revenue & Growth
As of May 30, 2026, Lindblad Expeditions Holdings, Inc. (LIND) generated trailing twelve-month (TTM) revenue of $591.3 million, reflecting significant decline in growth of -100.0% year-over-year. The most recent quarter (Q1 2026) recorded $0 in revenue, down 100.0% sequentially.
Historical Growth Trajectory
LIND's 5-year compound annual growth rate (CAGR) stands at +56.4%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +22.3% is below the 5-year average, signalling a growth deceleration in recent years. Lindblad Expeditions Holdings, Inc.'s highest annual revenue of $771.0 million was recorded in 2025, an all-time high.
Revenue by Segment
LIND's revenue is primarily driven by Lindblad Segment (64%), and Land-experience (36%). With over half of revenue concentrated in Lindblad Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Cyclical sector peers — including NCLH (+6.5% YoY), RCL (+9.7% YoY), and CCL (+6.4% YoY) — LIND has underperformed the peer group in revenue growth. Compare LIND vs NCLH →
LIND Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
 LINDCurrent | $591M | -100.0% | +56.4% | 5.9% | |
 NCLH | $9.8B | +6.5% | +50.3% | 16.2% | |
 RCL | $17.9B | +9.7% | +52.0% | 27.4% | |
 CCL | $26.6B | +6.4% | +36.6% | 16.8% | |
 TNL | $4.0B | +4.3% | +13.2% | 17.8% | |
 HZO | $2.3B | -7.4% | +8.9% | 4.5% |
LIND Historical Revenue Data (2011–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $771.0M | +19.6% | $290.2M | 37.6% | $45.5M | 5.9% |
| 2024 | $644.7M | +13.2% | $301.1M | 46.7% | $21.6M | 3.3% |
| 2023 | $569.5M | +35.1% | $247.2M | 43.4% | $10.6M | 1.9% |
| 2022 | $421.5M | +186.5% | $138.3M | 32.8% | $-63,046,000 | -15.0% |
| 2021 | $147.1M | +78.6% | $22.6M | 15.4% | $-110,831,000 | -75.3% |
| 2020 | $82.4M | -76.0% | $9.4M | 11.4% | $-88,398,000 | -107.3% |
| 2019 | $343.1M | +10.8% | $176.5M | 51.4% | $33.2M | 9.7% |
| 2018 | $309.7M | +16.2% | $156.0M | 50.4% | $25.3M | 8.2% |
| 2017 | $266.5M | +10.0% | $131.0M | 49.1% | $10.7M | 4.0% |
| 2016 | $242.3M | +15.4% | $123.4M | 50.9% | $14.0M | 5.8% |
| 2015 | $210.0M | +5.8% | $114.6M | 54.6% | $15.5M | 7.4% |
| 2014 | $198.5M | +3.2% | $108.5M | 54.6% | $-1,052,701 | -0.5% |
| 2013 | $192.2M | +24.8% | $95.6M | 49.7% | $-748,654 | -0.4% |
| 2012 | $154.0M | - | $82.5M | 53.6% | $-4,768 | -0.0% |
| 2011 | $0 | - | $0 | - | $-2,477 | - |
What if you invested $1,000 in LIND back in 2011?
Total return with dividends reinvested · 15+ years of data
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Run the NumbersIs LIND Undervalued Right Now?
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Compare NowLIND — Frequently Asked Questions
Quick answers to the most common questions about buying LIND stock.
Is LIND's revenue growth accelerating or slowing?
LIND revenue is declining -100.0% year-over-year. TTM revenue fell to $591M, contrasting with the 5-year CAGR of +56.4%. The reversal reflects either macro headwinds or company-specific challenges.
What is LIND's revenue history from 2011 to 2026?
Lindblad Expeditions Holdings, Inc. (LIND) revenue history spans 2011 to 2026. TTM revenue as of 2026 is $591M, growing at -100.0% YoY. The 5-year CAGR is +56.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is LIND's long-term revenue growth rate (CAGR)?
Lindblad Expeditions Holdings, Inc.'s 5-year revenue CAGR of +56.4% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -100.0% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for LIND.
Why does LIND's quarterly revenue fluctuate?
LIND quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Lindblad Expeditions Holdings, Inc.'s revenue data from 2011 to 2026 shows full historical quarterly detail on this page.
How is LIND's revenue distributed by segment?
LIND reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does LIND's revenue compare to industry peers?
Lindblad Expeditions Holdings, Inc. (LIND) with TTM revenue of $591M and -100.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.