Lindblad Expeditions Holdings I
LIND
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Lindblad Expeditions is well-positioned in the travel services industry, focusing on unique expedition experiences that cater to a growing market of adventure travelers.
- The company reported a revenue of $199 million in Q2 2026, showing a significant increase from $183 million in Q4 2025.
- Lindblad's gross margin for Q2 2026 was 48.5%, indicating strong profitability relative to its revenue.
- Despite its growth potential, Lindblad faces challenges with a negative profit margin of -2.08% and a current ratio of 0.84, suggesting liquidity issues.
- The company has experienced a decline in revenue of 4% from the previous quarter, dropping from $208 million to $199 million.
- Lindblad's net income was negative at -$1.406 million in Q2 2026, reflecting ongoing financial struggles.
Fundamentals
| Market cap | $2.33B | Enterprise value | $2.72B | Trailing P/E | — | Forward P/E | 62.92 |
| PEG | — | Price / book | -11.89 | Beta | 2.24 | Dividend yield | 0.00% |
| Revenue growth | 18.6% | Earnings growth | — | Gross margin | 46.7% | Operating margin | 6.0% |
| Profit margin | -2.1% | ROE | — | ROA | 4.1% | Debt / equity | — |
| Current ratio | 0.84 | Free cash flow | $141.32M | Analyst recommendation | none | Mean target | $35.50 |
| 52w high | $36.36 | 52w low | $11.37 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $199M | $208M | $183M | $240M | $168M | — |
| Op margin | 6.0% | 7.5% | -3.0% | 15.0% | 2.6% | — |
| Net income | -$1.4M | $6.5M | -$23.6M | $1.2M | -$8.5M | — |
| Gross margin | 48.5% | 48.7% | 40.3% | 48.2% | 45.6% | — |
| Gross profit | $96.6M | $101M | $73.8M | $116M | $76.6M | — |
| Operating income | $12.0M | $15.6M | -$5.5M | $36.0M | $4.4M | — |
- Revenue -4% vs prior quarter ($199M vs $208M).
- Gross margin 48.5% (was 48.7% prior quarter).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $771M | $645M | $570M | $422M | — |
| Op margin | 5.9% | 3.3% | 1.9% | -15.0% | — |
| Net income | -$29.7M | -$31.2M | -$45.6M | -$111M | — |
| Gross margin | 45.8% | 43.8% | 40.6% | 32.8% | — |
| Gross profit | $353M | $282M | $231M | $138M | — |
| Operating income | $45.5M | $21.6M | $10.6M | -$63.0M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-05 · 2 Cash-Producing Stocks Worth Your Attention and 1 We Avoid
2026-09-20 · Lindblad Expeditions (LIND) Buys White Desert Control. Can Antarctic Land Travel Lift Returns?
2026-09-17 · Deutsche Bank Lifts Price Target on Lindblad Expeditions Holdings to $30 From $29, Keeps Hold Rating
2026-09-16 · Lindblad Expeditions Supported by Strong Bookings, Antarctica Expansion, Oppenheimer Says
2026-09-16 · What Lindblad Expeditions Holdings (LIND)'s Polar Luxury Expansion Means For Shareholders
2026-09-15 · Lindblad Expeditions (LIND) Stock May Be 32% Undervalued Following Luxury Travel Acquisitions
2026-09-15 · Lindblad Expeditions Buys 60% Stake in White Desert, Echo Charlie
2026-09-14 · 2 Small-Cap Stocks with Promising Prospects and 1 Facing Headwinds
Price (daily)
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