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Lindblad Expeditions(NASDAQ) LIND

Market Cap$1.94BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2015)+179%
5 Year+116%
1 Year+148%
1 Month+11%
$29.57
-0.74%
-0.22Today
After hours$29.55-$0.02 (-0.07%)
Lindblad Expeditions last closing stock price
MetricPriceDate
Last closeUSD 29.582026-07-31
Lindblad Expeditions stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+10.17%USD 26.852026-07-24
1 month+10.58%USD 26.752026-07-01
3 month+59.46%USD 18.552026-05-01
Year to date+105.13%USD 14.422025-12-31
1 year+147.53%USD 11.952025-07-31
3 year+163.17%USD 11.242023-08-01
5 year+116.07%USD 13.692021-07-30
Since inception+178.53%USD 10.622015-07-10

Lindblad Expeditions Financials at a Glance

Market Cap

$1.94BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$799.31M

Net Income (TTM)

-$24.38M

EPS (TTM)

-$0.53

P/E Ratio

-55.98

Dividend

$0.00

Beta (Volatility)

1.78 (High)

Price

$29.57

Volume

597,665.05

Open

$29.68

Previous Close

$29.58

Daily Range

$29.21 - $29.86

52-Week Range

$11.37 - $30.44

Estimated Earnings Date

Aug 3, 2026

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About Lindblad Expeditions

Lindblad Expeditions helps people visit remote places and see rare wildlife. Small ships and expert guides create deep connections with nature. These trips serve travelers who explore beyond traditional tourist spots.

Exploring the World's Wildest Places

  • Lindblad Segment: Ship-based expeditions to remote regions like Antarctica and the Galapagos using a fleet of owned and chartered vessels.
  • Natural Habitat: Nature-focused land tours specializing in wildlife viewing through an exclusive partnership with World Wildlife Fund.
  • Cycling and Walking: Guided luxury bike tours and curated walking journeys led by experts in over 50 countries.
  • National Park Tours: Active small-group and private custom journeys throughout the United States and international locations.
  • Thomson Group: Immersive Tanzanian safaris and luxury Kilimanjaro treks supported by Tanzania-based ground operations and specialized lodges.

Strategic Growth and Acquisitions

  • Acquired the National Geographic Delfina and National Geographic Gemini in 2025 to increase Galapagos guest capacity by 44%.
  • Purchased the Thomson Group in 2024 to expand land-based travel options into Tanzanian safaris and trekking.
  • Extended a strategic partnership with National Geographic in November 2023 through the year 2040 for co-branding and marketing.
  • Acquired Off the Beaten Path, DuVine, and Classic Journeys in 2021 to diversify into cycling and walking tours.

What Makes These Trips Different?

The company differentiates itself through an alliance with National Geographic, providing guests access to world-class scientists and photographers. Its fleet of small-scale ships enables visits to remote regions that are inaccessible to larger cruise vessels.

Tracking Recent Performance

  • Revenue was $183.2 million in Q4 2025, up 23.3% from Q4 2024.
  • Net income reached -$23.6 million in Q4 2025, which narrowed (improved) 6% from Q4 2024.
  • Operating cash flow hit $26.2 million in Q4 2025, up 1,460.7% from Q4 2024.
  • Free cash flow turned positive at $15.3 million in Q4 2025, up 286.2% from Q4 2024.

The Final Word

Lindblad has evolved from a ship-based expedition company into a diversified global adventure travel provider. Its expanding portfolio and long-term partnerships support its focus on immersive, nature-based experiences.

AI Generated • May 1, 2026

Industry

Hotels, Restaurants and Leisure

Employees

1,550

CEO

Natalya Leahy

Headquarters

New York City, NY 10014, US

LIND Financials

Key Financial Metrics (TTM)

Gross Margin

35.89%

Operating Margin

6.32%

Net Income Margin

-3.05%

Return on Equity

11.75%

Return on Capital

9.84%

Return on Assets

-2.47%

Earnings Yield

-1.79%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$1.94BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

65.57M

Volume

597.67K

Avg. Volume

888.78K

Financials (TTM)

Gross Profit

$286.90M

Operating Income

$50.49M

EBITDA

$93.26M

Operating Cash Flow

$124.32M

Capital Expenditure

-$41.22M

Free Cash Flow

$83.10M

Cash & ST Invst.

$321.08M

Total Debt

$664.70M

Lindblad Expeditions Performance Analysis

Lindblad Expeditions annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 421,500,000186.5%
20232023-12-31USD 569,543,00035.1%
20242024-12-31USD 644,727,00013.2%
20252025-12-31USD 771,019,00019.6%
Lindblad Expeditions sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-6.6%
Q32025-09-3043.0%
Q42025-12-31-23.7%
Q12026-03-3113.6%
Lindblad Expeditions annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -2.23-10.3%
20232023-12-31USD -0.94-57.9%
20242024-12-31USD -0.67-29.1%
20252025-12-31USD -0.63-5.3%
Lindblad Expeditions sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-22400.0%
Q32025-09-3099.5%
Q42025-12-31-49900.0%
Q12026-03-31122.1%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$208.01M

+15.7%

Gross Profit

$83.60M

-3.8%

Gross Margin

40.19%

N/A

Market Cap

$1.94BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.25M

N/A

Employees

1,550

N/A

Net Income

$6.50M

+459.9%

EBITDA

$33.84M

+25.9%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$321.08M

+70.0%

Total Debt

$664.70M

+5.9%

Accounts Receivable

$0.00

N/A

Inventory

$0.00

N/A

Long Term Debt

$663.22M

+5.9%

Short Term Debt

$1.49M

-2.0%

Return on Assets

-2.47%

N/A

Return on Invested Capital

9.82%

N/A

Free Cash Flow

$42.47M

+21.4%

Operating Cash Flow

$49.36M

+2.0%

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Questions About LIND

What is the current price of Lindblad Expeditions?

Lindblad Expeditions is trading at $29.58 per share.

What is the 52-week range for Lindblad Expeditions?

Over the past 52 weeks, Lindblad Expeditions has traded between $11.37 and $30.44.

How much debt does Lindblad Expeditions have?

As of the most recent reporting period, Lindblad Expeditions reported total debt of $664.70M.

How much cash does Lindblad Expeditions have on hand?

Lindblad Expeditions reported $321.08M in cash and cash equivalents in its most recent financial results.

What is Lindblad Expeditions’s dividend yield?

Lindblad Expeditions does not currently have a dividend yield.

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