Lindblad Expeditions LIND

28.45 0.87 3.15% as of 25 Sep
Market cap
$1.8B
P/E
0.0×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 35.00
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — 1 9 4 2 — 6 2 — — —
Insider Ownership 24.84%

Capital & Financial Ratios

Market Cap 1,820.00
Revenue 830.61
Net Income (12.56)
Free Cash Flow 109.03
Net Debt 738.83
Current Ratio 0.84
Debt/Equity (5.64)
P/E ratio 0.00
P/S ratio 2.24
P/B ratio 0.00
Past 5Y EPS Growth (63.66%)
This Y EPS Growth 130.84%
Next Y EPS Growth 159.56%
Next 5Y EPS Growth 25.00%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 187 216 290 365
Receivables — — — —
Inventory — — — —
Other — — — —
245 278 368 443
2023 2024 2025 Q'26
Payables 16 14 22 15
ST’ Debt 252 319 361 440
Other — — — —
319 392 462 525
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 13.89% 56.41% 22.30%
Cash Flow 10.72% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 0.00% 0.00%

Revenue

Mar Jun Sep Dec Year
’26 208 199 — — —
’25 180 168 240 183 771
’24 154 136 206 149 645
’23 143 125 176 125 570
’22 68 91 145 118 422
’21 2 15 65 66 147
’20 81 0 1 0 82
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 49 59 — — —
’25 48 29 20 14 112
’24 44 19 28 2 92
’23 2 17 16 (10) 25
’22 5 13 (18) (3) (2)
’21 (7) 29 0 11 32
’20 15 (52) (35) (21) (92)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 43 51 — — —
’25 35 13 12 3 64
’24 37 11 18 (8) 59
’23 (4) 9 8 (17) (5)
’22 (2) (3) (24) (12) (40)
’21 (11) 7 (64) 3 (64)
’20 (101) (87) (36) (23) (248)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.09 (0.02) — — —
’25 0.00 (0.18) 0.00 (0.45) (0.63)
’24 (0.10) (0.48) 0.36 (0.48) (0.67)
’23 (0.01) (0.48) 0.08 (0.53) (0.94)
’22 (0.85) (0.59) (0.18) (0.63) (2.23)
’21 (0.66) (0.71) (0.50) (0.54) (2.41)
’20 (0.04) (0.80) (0.56) (0.59) (2.01)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
7.75 8.38 8.66 11.45 3.01 11.31 5.91 5.47 6.35 7.45

Analyst estimates 2026–2028

Powerpack
Low Price
11.40 11.26 15.88 19.29 18.34 21.91 19.13 12.46 14.34 15.06
High Price
470 528 600 650 415 720 890 950 1,300 1,550
Employees
1 1 1 1 0 0 0 1 0 0
Revenue/Emp
242 267 310 343 82 147 422 570 645 771
Revenue
50.91% 49.15% 50.36% 51.44% 11.44% 15.38% 32.81% 40.62% 43.76% 45.78%
Gross Margin
2 2 12 21 (110) (121) (102) (38) (25) (22)
EBT
0.77% 0.93% 3.93% 6.10% (133.50%) (82.38%) (24.22%) (6.62%) (3.89%) (2.82%)
EBT Margin
5 (8) 12 19 (100) (119) (108) (41) (28) (24)
Net Income
22 22 26 31 35 43 47 51 57 68
Depreciation
5.31 5.98 6.83 7.23 1.66 2.94 8.10 10.69 11.98 14.03
Revenue/Sh
0.11 (0.19) 0.25 0.29 (2.01) (2.41) (2.23) (0.94) (0.67) (0.63)
Earnings/Sh
0.69 1.19 1.24 1.32 (1.85) 0.65 (0.04) 0.48 1.72 2.03
Cash Flow/Sh
(1.66) (1.81) (1.20) (2.02) (3.13) (1.93) (0.73) (0.56) (0.62) (0.87)
Capex/Sh
(0.97) (0.62) 0.04 (0.70) (4.98) (1.28) (0.78) (0.08) 1.09 1.16
Free CF/Sh
2.49 2.39 2.56 2.60 0.70 (1.57) (3.51) (4.23) (4.70) (5.18)
Book Value/Sh
46 45 45 47 50 50 52 53 54 55
Shares
94.98 0.00 53.84 54.50 0.00 0.00 0.00 0.00 0.00 0.00
PE Ratio
1.82 1.67 1.97 2.26 10.34 5.31 0.99 1.01 0.99 1.03
PS Ratio
3.87 4.19 5.26 6.29 24.36 0.00 0.00 0.00 0.00 0.00
PB Ratio
2.28 2.33 2.59 2.98 15.18 9.29 2.58 2.22 2.12 1.98
EV/Sales
(12.44) (22.49) 398.72 (30.62) (5.05) (21.28) (26.91) (279.40) 23.22 23.92
EV/FCF
31 53 56 63 (92) 32 (2) 25 92 112
Op' Cash Flow
(76) (80) (54) (96) (155) (97) (38) (30) (34) (48)
Capex
(45) (28) 2 (33) (248) (64) (40) (5) 59 64
FCF
47 (13) (9) (36) 73 (79) (158) (75) (114) (94)
Working Cap'
257 278 314 357 603 757 798 874 944 1,024
Total Debt
113 175 191 248 399 585 668 687 728 734
Net Debt
114 106 116 123 35 (79) (183) (225) (253) (285)
Sh' Equity
1.23% (2.08%) 2.53% 2.68% (15.38%) (15.73%) (14.37%) (6.17%) (4.19%) (3.73%)
ROA
3.85% 2.39% 5.15% 5.59% (12.74%) (13.69%) (8.11%) 1.44% 2.84% 6.32%
ROIC
4.27% (7.87%) 10.21% 11.45% (126.97%) 571.53% 88.84% 24.52% 14.98% 12.89%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Lindblad Expeditions (LIND) key facts

  • Lindblad Expeditions (LIND) is a Travel Services company in the Consumer Cyclical sector, listed on Nasdaq.
  • Lindblad Expeditions' revenue for fiscal 2025 (year ended December 2025) was $771.0 million, up 19.6% from fiscal 2024.
  • As of September 25, 2026, LIND traded at $28.45, a market capitalization of $1.8 billion.
  • Return on equity was 12.9% and debt-to-equity -5.64.

Source: company filings (standardised) and stockrow calculations.

Lindblad Expeditions (LIND) Latest News

News by impact score

Fine-tune

20 Sep

4

Lindblad Expeditions announced the acquisition of White Desert Control, expanding its footprint in polar travel. White Desert Control manages Antarctic land ventures, and the deal positions Lindblad to offer broader land-based experiences alongside its ship-based itineraries. The move signals a potential revival or expansion of Antarctic land travel, with investors weighing integration costs, regulatory approvals, and how logistics between air, land, and sea will be coordinated. The deal could reshape the competitive landscape of Antarctic tourism, increasing capacity and attracting new customers, while environmental and regulatory considerations could constrain timing and profitability of the new offerings. Acquisition expands footprint into Antarctic land travel, with potential to alter growth trajectory and competitive dynamics.

16 Sep

3

Lindblad Expeditions gains support from strong bookings and Antarctica expansion, as stated by Oppenheimer. Strong bookings and expansion signal moderate growth effects on operations and sentiment.

15 Sep

4

Lindblad Expeditions Holdings expands polar luxury operations, carrying direct implications for shareholder value through new growth avenues and competitive positioning. Polar luxury expansion constitutes a major strategic move likely to significantly alter company trajectory and investor sentiment.

4

Lindblad Expeditions Holdings, Inc. acquires White Desert Antarctica and Echo Charlie to expand its experiential travel portfolio and establish leadership in the sector. Acquisition of White Desert Antarctica and Echo Charlie marks a major strategic expansion into experiential travel.

3

Lindblad Expeditions may have 32% undervalued stock after luxury travel acquisitions. Luxury travel acquisitions may moderately strengthen Lindblad's positioning and investor view.

10 Sep

3

Lindblad Expeditions reported Q2 earnings, prompting analysis on whether to buy, sell, or hold LIND shares amid resulting financial and operational updates. Q2 earnings directly shape near-term financial outlook and investor positioning for LIND without indicating transformative shifts.

11 Aug

3

Lindblad Expeditions Q2 earnings call featured five key analyst questions on revenue trends, cost controls, fleet utilization, competitive positioning, and regulatory pressures in expedition cruises. Q2 earnings call questions directly shape near-term investor views on Lindblad's financial trajectory and operational priorities.

10 Aug

4 transcript

Lindblad Expeditions (LIND) released its Q2 2026 earnings call transcript, detailing financial results, operational performance, and forward-looking guidance for investors. Q2 2026 earnings call transcript delivers core financial metrics and outlook that typically drive immediate stock movement and valuation shifts.

3

Lindblad Expeditions (LIND) emerges as a surging stock with competitive advantages while two stocks are turned down. Positive mention of surging performance and advantages may lift LIND market sentiment without altering core trajectory.

6 Aug

3

Lindblad Expeditions stock rose 14.4% on Q2 profitability gains and completion of its share buyback program. Q2 profitability gains and buyback completion improve financial position and return capital to shareholders, supporting moderate gains in performance and sentiment.

4 Aug

4 transcript

Lindblad Expeditions Holdings reported Q2 2026 results during its earnings call, covering revenue, bookings, and operational metrics for the period. Quarterly earnings directly shape near-term revenue outlook and investor valuation for the company.

3 Aug

4

Lindblad Expeditions Holdings Inc reported record yields during its Q2 2026 earnings call, reflecting strong demand and operational performance in expedition cruises. Record yields signal major positive shifts in revenue and profitability that can significantly lift future performance and investor outlook.

4

Lindblad Expeditions shares surge on positive developments that lift investor sentiment and drive higher trading activity. Sharp stock increase signals major positive catalyst likely to alter near-term performance and sentiment.

3

Lindblad Expeditions questions persist over sustaining growth from luxury travel surge with no clear resolution on long-term trajectory. Questions on sustained luxury travel growth may moderately shift investor sentiment and near-term performance outlook.

3

Lindblad Expeditions Q2 earnings call highlights financial results, operational updates, and forward outlook for the company. Q2 earnings provide performance updates with moderate influence on financial outlook and investor sentiment.

3

Lindblad Expeditions beat second-quarter estimates with revenue climbing 19%. Earnings beat and revenue growth point to stronger financial results that may lift near-term stock performance.

3

Lindblad Expeditions reported Q2 CY2026 sales that exceeded estimates. Sales exceeding estimates signals stronger revenue performance than projected.

3

Lindblad Expeditions Holdings reported its second quarter 2026 financial results. Quarterly earnings releases update financial metrics that can shift near-term stock valuation.

1 Jun

3 transcript

Lindblad (LIND) Q1 2026 earnings transcript covers quarterly financial results, operational updates and management commentary. Quarterly earnings data and forward outlook can shift near-term stock price and sentiment.

20 May

3

Lindblad Expeditions reported Q1 earnings examined against peers in consumer discretionary travel and vacation providers. Q1 earnings comparison highlights financial results likely to shape near-term investor sentiment and valuation.

8 May

4

Lindblad Expeditions Holdings, Inc. (LIND) exceeded expectations with its latest results, prompting analysts to update consensus estimates upward. Exceeding expectations and upward analyst revisions indicate strong financial performance poised to significantly boost investor sentiment and stock trajectory.

5 May

4

Lindblad Expeditions reported Q1 revenue of $140.4 million, up 154% from $55.2 million last year, driven by 160% increase in passenger ticket revenues to $95.9 million. Net loss narrowed to $12.4 million from $28.4 million. Expedition days rose 49% to 6,653, with Net Yield at $636. Bookings strong at 115% of 2024 capacity sold. Full-year guidance unchanged: revenue over $640 million, Adjusted EBITDA $80-90 million. Strong Q1 revenue growth and narrowed losses amid high bookings indicate significant recovery momentum in expedition cruises, positively influencing future performance and investor sentiment.

4

Lindblad Expeditions (LIND) Q1 earnings and revenues surpassed analyst estimates. Beating Q1 earnings estimates boosts LIND's financial performance and investor confidence significantly.

4

Lindblad Expeditions (NASDAQ:LIND) reported better-than-expected sales for Q1 CY2026. Beating Q1 sales expectations boosts financial performance and investor sentiment, likely driving significant positive shifts in market trajectory.

4

Lindblad Expeditions Holdings, Inc. reported first quarter 2026 financial results. Quarterly financial results directly impact LIND's stock performance and investor sentiment through revenue, profit, and guidance metrics.

4 May

3

Lindblad Expeditions (LIND) upcoming earnings report focuses on key metrics including revenue growth, booking trends, profitability margins, and forward guidance amid expedition cruise market recovery. Earnings previews shape investor expectations and can moderately affect stock performance based on highlighted metrics and anticipated results.

3 May

4

Lindblad Expeditions (LIND) shows strong potential for comeback in 2026 amid improving bookings, fleet expansion, and operational efficiencies. Positioning for 2026 comeback involves major strategic improvements in bookings and operations that could significantly enhance LIND's market performance.

8 Apr

4

Lindblad Expeditions (LIND) stock is rocketing higher today due to positive catalysts driving sharp gains. Stock surge reflects significant positive developments likely to enhance LIND's market performance and investor sentiment.

16 Mar

4

Lindblad Expeditions (LIND) stock rockets higher today on positive news driving investor enthusiasm. Sharp stock surge indicates major positive catalyst boosting near-term performance and sentiment.

8 Mar

3

Lindblad Expeditions strengthens control over Natural Habitat amid growing scrutiny of ecotourism valuations. Strategic consolidation in core ecotourism operations offers moderate competitive benefits tempered by valuation concerns.

stockrow.com/LIND · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com