logo
logo
LIND stock ticker logo

Lindblad Expeditions Holdings, Inc.

NASDAQ•LIND
CEO: Mr. Sven-Olof Lindblad
Sector: Consumer Cyclical
Industry: Travel Services
Listing Date: 2013-07-03
Lindblad Expeditions Holdings, Inc. provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities. The Land Experiences segment comprises natural habitats, which provides over 100 different expedition itineraries in more than 45 countries across seven continents, with eco-conscious expeditions and nature-focused, and small-group tours including polar bear tours and bear adventure; and DuVine provides intimate group cycling and adventure tours around the world with local cycling experts as guides in local cultural, cuisine, and accommodations. This segment also offers off the beaten path including small group travel, led by local, and experienced guides with focus on wildlife, hiking national parks, and culture; and classical journey, a curated active small-group and private custom journeys centered around cinematic walks led by expert local guides over 50 countries across the world. In addition, it has an alliance with National Geographic Partners, LLC, which provides lecturers and National Geographic experts including photographers, marine biologists, writers, naturalists, field researchers, and film crews; and partnered with World Wildlife Fund to offer conservation travel. Lindblad Expeditions Holdings, Inc. was founded in 1979 and is headquartered in New York, New York.
Contact Information
96 Morton Street, 9th Floor, New York, NY, 10014, United States
212-261-9000
www.expeditions.com
Market Cap
$970.23M
P/E (TTM)
-32.8
26.7
Dividend Yield
--
52W High
$21.23
52W Low
$7.45
52W Range
74%
Rank61Top 91.5%
2.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$183.18M+0.00%
4-Quarter Trend

EPS

-$0.45+0.00%
4-Quarter Trend

FCF

$15.25M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Tour Revenue Growth Tour revenues reached $771.0M, increasing 20% versus 2024, driven by 13% higher guest nights sold.
Operating Income Soars Operating income surged 111% to $45.5M, reflecting strong pricing and inclusion of Thomson Group results.
Adjusted EBITDA Improvement Total Adjusted EBITDA grew 38% to $126.2M, showing improved operational leverage across segments.
Galápagos Capacity Expansion Completed $16.0M Torcatt acquisition, expanding Galápagos fleet capacity and licenses by 44%.

Risk Factors

Economic Downturn Impact Adverse economic conditions, inflation, and recessions could reduce discretionary travel demand and pricing power.
Geopolitical Travel Uncertainty Geopolitical events, war, or travel restrictions may negatively impact customer desire or ability to travel globally.
Substantial Debt Obligations $675.0M indebtedness requires dedicating significant cash flow to service debt obligations through 2030 maturity.
Ship Maintenance Disruptions Unscheduled drydocks or mechanical failures risk expedition cancellations, leading to lost revenue and increased costs.

Outlook

Fleet Strategy Update Retiring *Sea Bird* and *Sea Lion* in 2026; adding new charter vessel *Evolve* for European river itineraries in 2027.
Debt Refinancing Completed Issued $675.0M senior notes to repay prior debt, extending maturity and increasing revolving credit facility to $60.0M.
National Geographic Partnership Brand License Agreement with National Geographic extended through 2040, supporting co-selling and marketing reach.
Land Segment Growth Focus Continued diversification leveraging full year 2025 results from Thomson Group acquisition to expand market reach.

Peer Comparison

Revenue (TTM)

AXL stock ticker logoAXL
$5.84B
-4.7%
BLMN stock ticker logoBLMN
$3.96B
+3.4%
HOV stock ticker logoHOV
$2.94B
-4.8%

Gross Margin (Latest Quarter)

CARS stock ticker logoCARS
98.0%
-14.2pp
HOV stock ticker logoHOV
97.0%
+76.5pp
BLMN stock ticker logoBLMN
70.2%
+56.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
AXL$1.02B-33.6-3.0%2.0%
PLOW$998.65M21.317.2%34.3%
LIND$970.23M-32.813.3%67.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.6%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:May 4, 2026
|
EPS:-
|
Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data