Lindblad Expeditions Holdings, Inc. (LIND)

NASDAQ: LIND · Real-Time Price · USD

28.93

+0.84 (2.99%)

Jul 28, 2026, 1:33 PM EDT - Market open

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	Mar '26 Mar 31, 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	799.31	771.02	644.73	569.54	421.5	147.11
Revenue Growth	19.15%	19.59%	13.20%	35.12%	186.53%	78.62%
Gross Profit	367.4	353	282.15	231.33	138.28	22.62
Operating Income	50.49	45.49	21.55	10.6	-63.05	-110.83
Net Income	-28.6	-34.65	-35.82	-49.98	-116.05	-124.67
Earnings Per Share	-0.54	-0.63	-0.67	-0.94	-2.23	-2.41
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	517.02	495.64	423.31	397.41	278.45	82.84
Land Experiences	282.29	275.38	221.42	172.13	143.05	64.27
Total	799.31	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	Mar '26 Mar 31, 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	275.01	256.69	183.94	156.85	100.77	150.75
Total Debt	664.7	663.83	627.3	623.75	554.45	549.45
Net Cash (Debt)	-389.69	-407.13	-443.36	-466.9	-453.68	-398.7
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.88	-7.41	-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	Mar '26 Mar 31, 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	112.66	111.58	92.36	25.44	-2.2	32.5
Capital Expenditures	-41.22	-47.75	-33.52	-29.96	-38.21	-96.69
Free Cash Flow	71.44	63.84	58.84	-4.52	-40.41	-64.19
Free Cash Flow Growth	26.73%	8.50%	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	45.96%	45.78%	43.76%	40.62%	32.81%	15.38%
Operating Margin	6.32%	5.90%	3.34%	1.86%	-14.96%	-75.34%
Pretax Margin	-2.06%	-2.82%	-3.89%	-6.62%	-24.22%	-82.38%
Profit Margin	-2.40%	-3.14%	-4.37%	-7.18%	-25.66%	-81.01%
FCF Margin	8.94%	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	Jul '26 Jul 28, 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	220.74	113.01	22.67	22.67	22.67	22.67
P/FCF Ratio	25.78	12.50	10.96	-	-	-
PS Ratio	2.30	1.03	1.00	1.06	0.97	5.38