Lindblad Expeditions Holdings, Inc. (LIND)

NASDAQ: LIND · Real-Time Price · USD

32.77

-0.81 (-2.41%)

Aug 17, 2026, 4:00 PM EDT - 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	Jun '26 Jun 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	830.61	771.02	644.73	569.54	421.5	147.11
Revenue Growth	18.27%	19.59%	13.20%	35.12%	186.53%	78.62%
Gross Profit	387.48	353	282.15	231.33	138.28	22.62
Operating Income	64.78	52.23	25.52	10.6	-63.05	-110.83
Net Income	-20.27	-34.65	-35.82	-49.98	-116.05	-124.67
Earnings Per Share	-0.34	-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	Jun '26 Jun 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	535.21	495.64	423.31	397.41	278.45	82.84
Land Experiences	295.4	275.38	221.42	172.13	143.05	64.27
Total	830.61	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	Jun '26 Jun 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	318.89	256.69	183.94	156.85	100.77	150.75
Total Debt	672.5	670.7	627.3	623.75	554.45	549.45
Net Cash (Debt)	-353.61	-414.01	-443.36	-466.9	-453.68	-398.7
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-5.95	-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	Jun '26 Jun 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	142.5	111.58	92.36	25.44	-2.2	32.5
Capital Expenditures	-33.47	-47.75	-33.52	-29.96	-38.21	-96.69
Free Cash Flow	109.03	63.84	58.84	-4.52	-40.41	-64.19
Free Cash Flow Growth	86.00%	8.50%	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	46.65%	45.78%	43.76%	40.62%	32.81%	15.38%
Operating Margin	7.80%	6.77%	3.96%	1.86%	-14.96%	-75.34%
Pretax Margin	-1.08%	-2.82%	-3.89%	-6.62%	-24.22%	-82.38%
Profit Margin	-2.44%	-4.49%	-5.56%	-8.78%	-27.53%	-84.74%
FCF Margin	13.13%	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	Aug '26 Aug 18, 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	147.21	113.01	22.67	22.67	22.67	22.67
P/FCF Ratio	19.72	12.49	10.96	-	-	-
PS Ratio	2.59	1.03	1.00	1.06	0.97	5.32