GoAI
Get started
Lindblad Expeditions Holdings, Inc. logo

Lindblad Expeditions Holdings, Inc.

LIND

NASDAQConsumer CyclicalTravel Services

Open in GoAI

Previous close

$31.09

−$0.23 · -0.73%

Aug 21, 4:00 PM ET

LIND company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

79

Undervalued

Momentum

71

Gaining

Sentiment

50

Mixed

Risk resilience

46

Elevated Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Lindblad Expeditions Holdings, Inc. delivers diverse adventure travel experiences, encompassing both marine expeditions and land-based journeys. Through its primary Lindblad brand, the company orchestrates voyages utilizing a fleet comprising ten proprietary expedition vessels and five ships chartered on a seasonal basis. Furthermore, it manages several distinct travel brands: Natural Habitat specializes in eco-conscious, nature-focused small-group tours; DuVine offers upscale cycling and adventure excursions globally; Off the Beaten Path curates active small-group and bespoke private trips within the United States' national parks; and Classic Journeys designs active small-group and custom private itineraries, distinguished by guided walks led by local experts often evoking cinematic landscapes. The organization also maintains a strategic collaboration with the National Geographic Society. Founded in 1979, Lindblad Expeditions Holdings, Inc. is based in New York, New York.

Industry
Travel Services
Sector
Consumer Cyclical
Headquarters
US
CEO
Natalya Leahy
Listed since
Jul 3, 2013
Employees
1,495

Market position

Day range

Current $31.09

52-week range

Current $31.09

Open
$31.355
Previous close
$31.32
Volume
635.1K
0.75× average
Average volume
842.65K
Average daily volume
Market cap
2.04B USD
Beta
2.25
Market reference 1
50-day average
$28.7038
+8.31% above average
200-day average
$20.0264
+55.25% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.2B USD
P/E (TTM)
-83.82×
P/B (TTM)
-10.39×
P/S (TTM)
2.46×
EV / EBITDA
13.9×
Earnings yield
-3.75%
Free cash flow yield
8.05%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
34.73%
Operating margin
6.99%
Net margin
-2.08%
Return on equity
14.75%
Return on assets
-3.03%
Return on invested capital
8.76%

Financial health

Debt / equity
-3.4×
Current ratio
0.8×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends59%8%-43%-94%Gross margin, FY2021: 15.38%Gross margin, FY2022: 32.81%Gross margin, FY2023: 43.40%Gross margin, FY2024: 46.69%Gross margin, FY2025: 37.64%Operating margin, FY2021: -75.34%Operating margin, FY2022: -14.96%Operating margin, FY2023: 1.86%Operating margin, FY2024: 3.34%Operating margin, FY2025: 5.90%Net margin, FY2021: -81.03%Net margin, FY2022: -26.42%Net margin, FY2023: -8.01%Net margin, FY2024: -4.84%Net margin, FY2025: -3.85%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 15.38%. Gross margin FY2022 32.81%. Gross margin FY2023 43.40%. Gross margin FY2024 46.69%. Gross margin FY2025 37.64%. Operating margin FY2021 -75.34%. Operating margin FY2022 -14.96%. Operating margin FY2023 1.86%. Operating margin FY2024 3.34%. Operating margin FY2025 5.90%. Net margin FY2021 -81.03%. Net margin FY2022 -26.42%. Net margin FY2023 -8.01%. Net margin FY2024 -4.84%. Net margin FY2025 -3.85%.

Income trends

Revenue

771.02M USD+19.59%

Operating income

45.49M USD+111.05%

Net income

−29.72M USD+4.68%
Income trends across reported periods860.04M USD503.95M USD147.86M USD−208.23M USDRevenue, FY2021: 147.11M USDRevenue, FY2022: 421.5M USDRevenue, FY2023: 569.54M USDRevenue, FY2024: 644.73M USDRevenue, FY2025: 771.02M USDOperating income, FY2021: −110.83M USDOperating income, FY2022: −63.05M USDOperating income, FY2023: 10.6M USDOperating income, FY2024: 21.55M USDOperating income, FY2025: 45.49M USDNet income, FY2021: −119.21M USDNet income, FY2022: −111.38M USDNet income, FY2023: −45.61M USDNet income, FY2024: −31.18M USDNet income, FY2025: −29.72M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 147.11M USD. Revenue FY2022 421.5M USD. Revenue FY2023 569.54M USD. Revenue FY2024 644.73M USD. Revenue FY2025 771.02M USD. Operating income FY2021 −110.83M USD. Operating income FY2022 −63.05M USD. Operating income FY2023 10.6M USD. Operating income FY2024 21.55M USD. Operating income FY2025 45.49M USD. Net income FY2021 −119.21M USD. Net income FY2022 −111.38M USD. Net income FY2023 −45.61M USD. Net income FY2024 −31.18M USD. Net income FY2025 −29.72M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue771.02M USD644.73M USD569.54M USD421.5M USD147.11M USD
Cost of goods sold480.84M USD343.67M USD322.38M USD283.22M USD124.48M USD
Gross profit290.18M USD301.05M USD247.17M USD138.28M USD22.62M USD
Selling, general, and administrative244.69M USD226.94M USD189.86M USD157.29M USD93.93M USD
Operating expenses244.69M USD279.5M USD236.57M USD201.33M USD133.45M USD
Interest expense45.23M USD45.74M USD45.01M USD37.5M USD24.58M USD
Depreciation and amortization62.82M USD53.49M USD47.51M USD44.65M USD39.53M USD
Operating income45.49M USD21.55M USD10.6M USD−63.05M USD−110.83M USD
Net income−29.72M USD−31.18M USD−45.61M USD−111.38M USD−119.21M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
+67.67%
11 comparable reports
Latest EPS result
-0.02
Estimate -0.1 · Beat by 80.77%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.470.13-0.21-0.55Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual -0.48, estimate -0.25, surprise -92.00%, Miss. Q2 2025, reported May 6, 2025: actual 0.021, estimate -0.12, surprise +117.71%, Beat. Q3 2025, reported Aug 4, 2025: actual -0.18, estimate -0.29, surprise +37.93%, Beat. Q4 2025, reported Nov 4, 2025: actual 0.33, estimate 0.22, surprise +50.00%, Beat. Q1 2026, reported Feb 26, 2026: actual -0.45, estimate -0.32, surprise -40.63%, Miss. Q2 2026, reported May 5, 2026: actual 0.09, estimate 0.01, surprise +800.00%, Beat. Q3 2026, reported Aug 3, 2026: actual -0.02, estimate -0.104, surprise +80.77%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 0.4, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates271.01M226.73M182.46M138.19MQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 148.61M USD, estimate 163.92M USD, surprise -9.34%, Miss. Q2 2025, reported May 6, 2025: actual 179.72M USD, estimate 156.62M USD, surprise +14.75%, Beat. Q3 2025, reported Aug 4, 2025: actual 167.95M USD, estimate 228.85M USD, surprise -26.61%, Miss. Q4 2025, reported Nov 4, 2025: actual 240.17M USD, estimate 167.66M USD, surprise +43.25%, Beat. Q1 2026, reported Feb 26, 2026: actual 183.18M USD, estimate 167.87M USD, surprise +9.12%, Beat. Q2 2026, reported May 5, 2026: actual 208.01M USD, estimate 197.24M USD, surprise +5.46%, Beat. Q3 2026, reported Aug 3, 2026: actual 199.25M USD, estimate 185.86M USD, surprise +7.20%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 260.58M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$32.33

3.99% upside
Past 12 months12-month forecastHigh $37.00Average $32.33Low $29.00

LIND peers

Amazon.com, Inc. logo

AMZN

Amazon.com, Inc.

$258.63

-0.57%

Tesla, Inc. logo

TSLA

Tesla, Inc.

$362.86

+5.14%

Booking Holdings Inc. logo

BKNG

Booking Holdings Inc.

$209.62

-0.12%

PDD Holdings Inc. logo

PDD

PDD Holdings Inc.

$88.38

-1.27%

Starbucks Corporation logo

SBUX

Starbucks Corporation

$107.08

+2.97%

Airbnb, Inc. logo

ABNB

Airbnb, Inc.

$187.3

+1.24%

ETFs holding LIND

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
46.15M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
40.32M
Weight
0.05%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
15.41M
Weight
0.02%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
14.67M
Weight
0.10%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$387.37+1.24%
Invesco Dynamic Leisure and Entertainment ETF logoInvesco Dynamic Leisure and Entertainment ETFPEJ
Market value
13.26M
Weight
3.64%
AUM
368.47M USD
Expense ratio
0.57%
Price / 1D
$67.96+0.55%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
8.3M
Weight
0.05%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
Schwab U.S. Small-Cap ETF logoSchwab U.S. Small-Cap ETFSCHA
Market value
6.72M
Weight
0.03%
AUM
23.1B USD
Expense ratio
0.03%
Price / 1D
$34.83+0.52%
Dimensional - US Small Cap ETF logoDimensional - US Small Cap ETFDFAS
Market value
6.69M
Weight
0.04%
AUM
15.92B USD
Expense ratio
0.26%
Price / 1D
$83.02+0.73%

Continue in GoAI

Research LIND

research.disclaimer