Lindblad Expeditions Holdings, Inc. (LIND)

NASDAQ: LIND · Real-Time Price · USD

35.37

-0.33 (-0.92%)

Nov 10, 2026, 4:00 PM EST - Market closed

LIND Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	859.59	771.02	644.73	569.54	421.5	147.11
Revenue Growth	16.72%	19.59%	13.20%	35.12%	186.53%	78.62%
Gross Profit	404.9	353	282.15	231.33	138.28	22.62
Operating Income	73.56	52.23	25.52	10.6	-63.05	-110.83
Net Income	4.02	-34.65	-35.82	-49.98	-116.05	-124.67
Earnings Per Share	0.06	-0.63	-0.67	-0.94	-2.23	-2.49
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Lindblad	551.01	495.64	423.31	397.41	278.45	82.84
Land Experiences	308.58	275.38	221.42	172.13	143.05	64.27
Total	859.59	771.02	644.73	569.54	421.5	147.11

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	274.95	256.69	183.94	156.85	100.77	150.75
Total Debt	696.91	670.7	627.3	623.75	554.45	549.45
Net Cash (Debt)	-421.96	-414.01	-443.36	-466.9	-453.68	-398.7
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.73	-7.53	-8.24	-8.77	-8.72	-7.96

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	125.78	111.58	92.36	25.44	-2.2	32.5
Capital Expenditures	-29.8	-47.75	-33.52	-29.96	-38.21	-96.69
Free Cash Flow	95.99	63.84	58.84	-4.52	-40.41	-64.19
Free Cash Flow Growth	83.98%	8.50%	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	47.10%	45.78%	43.76%	40.62%	32.81%	15.38%
Operating Margin	8.56%	6.77%	3.96%	1.86%	-14.96%	-75.34%
Pretax Margin	2.40%	-2.82%	-3.89%	-6.62%	-24.22%	-82.38%
Profit Margin	0.47%	-4.49%	-5.56%	-8.78%	-27.53%	-84.74%
FCF Margin	11.17%	8.28%	9.13%	-0.79%	-9.59%	-43.64%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 11, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Forward PE	82.79	113.01	22.67	22.67	22.67	22.67
P/FCF Ratio	24.19	12.49	10.96	-	-	-
PS Ratio	2.70	1.03	1.00	1.06	0.97	5.32