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Lindblad Expeditions(NASDAQ) LIND

Market Cap$2.20BMarket 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)+216%
5 Year+134%
1 Year+153%
1 Month+28%
$32.83
-2.23%
-0.75Today
Lindblad Expeditions last closing stock price
MetricPriceDate
Last closeUSD 33.582026-08-14
Lindblad Expeditions stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-1.09%USD 33.952026-08-07
1 month+28.17%USD 26.202026-07-15
3 month+79.86%USD 18.672026-05-15
Year to date+132.87%USD 14.422025-12-31
1 year+153.05%USD 13.272025-08-14
3 year+218.6%USD 10.542023-08-15
5 year+134.33%USD 14.332021-08-13
Since inception+216.2%USD 10.622015-07-10

Lindblad Expeditions Financials at a Glance

Market Cap

$2.20BMarket 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)

$830.61M

Net Income (TTM)

-$17.27M

EPS (TTM)

-$0.37

P/E Ratio

-90.41

Dividend

$0.00

Beta (Volatility)

1.78 (High)

Price

$32.83

Volume

347,836.535

Open

$33.39

Previous Close

$33.58

Daily Range

$32.28 - $33.55

52-Week Range

$11.37 - $35.00

Estimated Earnings Date

Nov 3, 2026

LIND News

travelers on a cruise ship drink wine and look at coastline

Why Shares of Lindblad Expeditions Are Rocketing Higher Today

Scott LevineAug 3, 2026
SellAlert-Purple.png

A Lindblad Expeditions Director Sold Nearly 53,000 Shares Worth $1.2 Million. Here's a Deeper Look at the Transaction.

Robert IzquierdoJun 21, 2026
SellAlert-Green.png

Lindblad’s Chief Expedition Officer Trims His Stake by 10K Shares

Pamela KockMay 27, 2026
SellAlert-Green.png

Is Lindblad Expeditions a Buy or Sell After Its Founder Dumped 28,000 Shares?

Robert IzquierdoMar 11, 2026
Foolcom-Featured.png

Lindblad Q2 Revenue Jumps 23%

Motley Fool Markets TeamAug 4, 2025
solo trip adventure travel nature

Down 22% in the Last Month, Why Lindblad Expeditions Stock Is a Buy

Micah AngelSep 4, 2023
Leading a hike

3 Reasons to Be Bullish on Lindblad Expeditions Stock

Micah AngelJun 21, 2023
Classic safari scene of a large bull elephant against a Kilimanjaro backdrop

Lindblad Expeditions Hits All-Time Highs in Revenue and Earnings. Time to Buy the Stock?

Micah AngelMay 29, 2023
Page 1

LIND: Motley Fool Moneyball Superscore

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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

Sector

Consumer Discretionary

Employees

1,550

CEO

Natalya Leahy

Website

www.expeditions.com

Headquarters

New York City, NY 10014, US

LIND Financials

Key Financial Metrics (TTM)

Gross Margin

34.73%

Operating Margin

6.99%

Net Income Margin

-2.08%

Return on Equity

9.06%

Return on Capital

9.84%

Return on Assets

-1.67%

Earnings Yield

-1.11%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$2.20BMarket 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

65.62M

Volume

347.84K

Avg. Volume

886.18K

Financials (TTM)

Gross Profit

$288.50M

Operating Income

$58.03M

EBITDA

$103.75M

Operating Cash Flow

$142.50M

Capital Expenditure

-$33.47M

Free Cash Flow

$109.03M

Cash & ST Invst.

$318.89M

Total Debt

$665.56M

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
Q32025-09-3043.0%
Q42025-12-31-23.7%
Q12026-03-3113.6%
Q22026-06-30-4.2%
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
Q32025-09-3099.5%
Q42025-12-31-49900.0%
Q12026-03-31122.1%
Q22026-06-30-120.1%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$199.25M

+18.6%

Gross Profit

$78.15M

+2.1%

Gross Margin

39.22%

N/A

Market Cap

$2.20BMarket 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

$1.47M

N/A

Employees

1,495

N/A

Net Income

-$1.41M

+83.5%

EBITDA

$30.79M

+51.7%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$318.89M

+58.7%

Total Debt

$665.56M

+5.9%

Accounts Receivable

$0.00

N/A

Inventory

$0.00

N/A

Long Term Debt

$663.87M

+5.8%

Short Term Debt

$1.69M

+49.6%

Return on Assets

-1.67%

N/A

Return on Invested Capital

11.40%

N/A

Free Cash Flow

$51.06M

+279.0%

Operating Cash Flow

$59.06M

+102.1%

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Questions About LIND

What is the current price of Lindblad Expeditions?

Lindblad Expeditions is trading at $32.83 per share.

What is the 52-week range for Lindblad Expeditions?

Over the past 52 weeks, Lindblad Expeditions has traded between $11.37 and $35.00.

How much debt does Lindblad Expeditions have?

As of the most recent reporting period, Lindblad Expeditions reported total debt of $665.56M.

How much cash does Lindblad Expeditions have on hand?

Lindblad Expeditions reported $364.90M 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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