Lindblad Expeditions Holdings, Inc.
LIND Nasdaq· Transportation Services
Last close · Oct 27, 2026
$35.09
KIRA · Stoqly’s AI analyst, in plain words
- Lindblad Expeditions Holdings, Inc. had $771M of revenue in fiscal 2025, up 19.6% on the year before. Over five years, revenue changed +56.4% a year on average.
- Its operating margin was 5.9%, up 2.6 pts: of every 100 in sales, about 6 is left after running the business.
- Lindblad Expeditions Holdings, Inc. lost $29.7M in fiscal 2025.
- Free cash flow was $63.8M in fiscal 2025, 8.3% of revenue.
- Lindblad Expeditions Holdings, Inc. owes $406M more than it holds in cash, about 3.7 years of operating profit.
Market cap
$2.3B
P/E
—
Revenue
$771M
Net income
−$29.7M
Free cash flow
$63.8M
Operating margin
5.9%
Lindblad Expeditions Holdings, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+19.6%
Yes. Sales grew 19.6% last year.
Does it make a profit?
−3.9%
No. It lost money last year.
Does profit turn into cash?
8.3%
Partly. 8.3% of sales ends up as free cash.
Is debt under control?
3.7x
Heavy. Repaying its debt would take 3.7 years of operating profit.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Lindblad Expeditions Holdings, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 26, 2026
- Legal name
- LINDBLAD EXPEDITIONS HOLDINGS, INC.
- CIK
- 0001512499
Lindblad Expeditions Holdings, Inc. · LIND
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $147M | $422M | $570M | $645M | $771M |
| Revenue growth | 78.6% | 186.5% | 35.1% | 13.2% | 19.6% |
| Net interest income | −$24.6M | −$37.5M | −$45.0M | −$45.7M | −$45.2M |
| Gross margin | 15.4% | 32.8% | 40.6% | 43.8% | 45.8% |
| Operating margin | −75.3% | −15.0% | 1.9% | 3.3% | 5.9% |
| Net income | −$119M | −$111M | −$45.6M | −$31.2M | −$29.7M |
| Net margin | −81.0% | −26.4% | −8.0% | −4.8% | −3.9% |
| Diluted EPS | −$2.41 | −$2.23 | −$0.94 | −$0.67 | −$0.63 |
| Cash | |||||
| Cash from operations | $32.5M | −$2.2M | $25.4M | $92.4M | $112M |
| Capital expenditure | $96.7M | $38.2M | $30.0M | $33.5M | $47.7M |
| Free cash flow | −$64.2M | −$40.4M | −$4.5M | $58.8M | $63.8M |
| FCF margin | −43.6% | −9.6% | −0.8% | 9.1% | 8.3% |
| Share count change | 0.7% | 3.8% | 2.4% | 1.1% | 2.1% |
| Debt and strength | |||||
| Cash and short-term investments | $151M | $101M | $157M | $184M | $257M |
| Debt incl. finance leases | $545M | $553M | $622M | $625M | $663M |
| Shareholders' equity | −$78.6M | −$183M | −$225M | −$253M | −$285M |
| Net debt / EBITDA | — | — | 8.1x | 6.0x | 3.7x |
| Current ratio | 0.7x | 0.5x | 0.8x | 0.7x | 0.8x |
| Returns and quality | |||||
| Return on capital | −27.8% | −18.5% | 3.5% | 9.0% | 29.6% |
| Piotroski F-score | 4 | 4 | 6 | 6 | 7 |
| Altman Z'' | −2.2 | −3.2 | −2.0 | −2.3 | −1.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$49.2M
7 insiders
Of sales under plans
90%
$44.1M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Lindblad Expeditions Holdings, Inc. · LIND
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $35.09 a share, the company is worth $2.3B.
Source: SEC EDGAR XBRL filings (CIK 0001512499). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.