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Lindblad Expeditions Holdings Inc (LIND)
NASDAQ:LIND
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
0Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum with record revenue, yields, adjusted EBITDA, margin expansion, improved liquidity and significant booking momentum. Growth was supported by successful distribution and digital initiatives, capacity optimization and strategic tuck-ins. Near-term challenges include higher operating and marketing costs, a material one-time loss on debt extinguishment, increased depreciation from fleet additions, timing impacts from dry/wet docks, and royalty step-ups and lapping of tax credits that pressure early-year margins. Management expects 2026 revenue and EBITDA growth with second-half acceleration, and balance sheet improvements provide flexibility for accretive expansion.Company Guidance
Record Full-Year Revenue
Total company revenues reached a record $771.0 million for FY2025, up $126.3 million or 19.6% year-over-year.
Record Yields and Guest Metrics
Net yield per available guest night rose to a company-high $1,335 (full year), an increase of 14.1% versus 2024; full-year guest satisfaction scores were also the highest in company history.
Strong Adjusted EBITDA and Margin Expansion
Adjusted EBITDA increased 38.4% to $126.2 million for FY2025; EBITDA margin expanded 220 basis points to 16.4% (from 14.2% in 2024).
Improved Balance Sheet and Cash Generation
Total cash at year-end was $289.7 million (up $73.6 million vs 2024); free cash flow for the year was $63.8 million; net leverage improved from 4.6x at end of 2024 to ~3.1x at year-end 2025.
Strong Segment Performance
Lindblad segment revenues were $495.6 million, up 17.1% year-over-year; Land Experiences revenues were $275.4 million, up 24.4% (driven by +16% guests and +7% revenue per guest).
Robust Booking Momentum and Guidance
Company reported record wave season and stated booked revenue for 2026 has already surpassed 2025 full-year revenue; 2026 guidance: tour revenue $800M–$850M and adjusted EBITDA $130M–$140M.
Distribution and Revenue Channel Gains
Notable channel improvements: bookings from Disney travel agents +35% (full year); online bookings +52% YoY; outbound sales +97%; onboard expedition sales ~3x 2024 levels; extension revenues +45%.
Capacity Optimization and Yield Upside
Expecting available guest nights to increase ~4.5%–5% in 2026, driven mostly by deployment and dry-dock optimization (reduced non-revenue days by over 100) with targeted net yield growth of 4%–5%.
Strategic Acquisitions and Brand Investments
Acquired two Galapagos ships and the small tuck-in Earthwatch acquisition; invested a record $3.0 million via Lindblad Expeditions–National Geographic Fund; hosted scientists and teacher fellows to strengthen mission and brand.
LIND Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LIND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $20.75 | $20.23 | -2.51% |
Nov 04, 2025 | $12.20 | $12.45 | +2.05% |
Aug 04, 2025 | $11.73 | $12.35 | +5.29% |
May 06, 2025 | $9.12 | $9.92 | +8.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Lindblad Expeditions Holdings Inc (LIND) report earnings?
Lindblad Expeditions Holdings Inc (LIND) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Lindblad Expeditions Holdings Inc (LIND) earnings time?
Lindblad Expeditions Holdings Inc (LIND) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LIND EPS forecast?
LIND EPS forecast for the fiscal quarter 2026 (Q1) is 0.02.