Symbols / LIND Stock $18.53 +4.87% Lindblad Expeditions Holdings, Inc.

Consumer Cyclical • Travel Services • United States • NCM
LIND (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: SMA 50: SMA 200:
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Consumer Cyclical
Industry Travel Services
CEO Mr. Benjamin L. Bressler
Exch · Country NCM · United States
Market Cap 1.21B
Enterprise Value 1.75B
Income -34.65M
Sales 771.02M
FCF (ttm) 98.25M
Book/sh -5.14
Cash/sh 3.93
Employees 1,440
Insider 10d
IPO Jul 03, 2013
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E
Forward P/E 66.17
PEG
P/S 1.57
P/B -3.60
P/C
EV/EBITDA 15.25
EV/Sales 2.27
Quick Ratio 0.56
Current Ratio 0.80
Debt/Eq
LT Debt/Eq
EPS (ttm) -0.63
EPS next Y 0.28
EPS Growth
Revenue Growth 23.30%
EPS Gr Q/Q
Rev Gr Q/Q
Earnings (next) 2026-05-05
Earnings (prior) 2026-02-26
ROA 3.52%
ROE
ROIC
Gross Margin 45.78%
Oper. Margin 0.11%
Profit Margin -3.85%
Shs Outstand 65.50M
Shs Float 48.89M
Insider Own 25.71%
Instit Own 61.83%
Short Float 10.98%
Short Ratio 6.42
Short Interest 4.34M
52W High 21.60
vs 52W High -14.21%
52W Low 8.97
vs 52W Low 106.58%
Beta 2.25
Impl. Vol. 45.38%
Rel Volume 0.61
Avg Volume 768.34K
Volume 471.45K
Target (mean) $23.80
Tgt Median $25.00
Tgt Low $17.00
Tgt High $27.00
# Analysts 5
Recom None
Prev Close $17.67
Price $18.53
Change 4.87%
About

Lindblad Expeditions Holdings, Inc. provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segments. The Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities. The Land Experiences segment comprises natural habitats, which provides various expedition itineraries in more than 45 countries across seven continents, with eco-conscious expeditions and nature-focused, and small-group tours including polar bear tours and bear adventure; and DuVine provides intimate group cycling and adventure tours around the world with local cycling experts as guides in local cultural, cuisine, and accommodations. This segment also offers off the beaten path, including small group travel, led by local, and experienced guides with focus on wildlife, hiking national parks, and culture; and classic journey, a curated active small-group and private custom journeys centered around cinematic walks led by expert local guides over 50 countries across the world. In addition, it collaborates with National Geographic on expedition planning and to enhance the guest experience by having National Geographic experts, including photographers, writers, marine biologists, naturalists, field researchers and film crews; and partnered with World Wildlife Fund to offer conservation travel. Lindblad Expeditions Holdings, Inc. was founded in 1979 and is headquartered in New York, New York.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$18.53
Low
$17.00
High
$27.00
Mean
$23.80

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-16 init Oppenheimer Outperform → Outperform $25
2026-02-27 main Benchmark Buy → Buy $25
2026-01-12 main Stifel Buy → Buy $23
2025-12-30 init Benchmark — → Buy $18
2025-08-05 main Stifel Buy → Buy $18
2024-11-06 main Craig-Hallum Buy → Buy $16
2024-08-23 main B. Riley Securities Buy → Buy $16
2024-08-09 main Stifel Buy → Buy $15
2024-07-17 main B. Riley Securities Buy → Buy $15
2024-05-01 main Craig-Hallum Buy → Buy $12
2024-04-02 main Deutsche Bank Hold → Hold $10
2023-11-10 init B. Riley Securities — → Buy $12
2023-09-15 main Stifel Buy → Buy $16
2023-05-04 main Craig-Hallum — → Buy $20
2023-03-24 main Deutsche Bank — → Hold $9
2022-11-03 up William Blair Market Perform → Outperform
2022-08-02 main Stifel — → Buy $16
2022-08-02 main Craig-Hallum — → Buy $15
2022-05-17 main Deutsche Bank — → Hold $14
2022-04-22 init Oppenheimer — → Outperform $20
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-31 TAYLOR KEITH A Officer 8,584 $0.00 $0
2026-03-31 BYUS DEAN TREY Officer 7,262 $0.00 $0
2026-03-31 BYUS DEAN TREY Officer 13,767 $0.00 $0
2026-03-31 BRESSLER BENJAMIN L Officer 5,780 $0.00 $0
2026-03-31 GOLDBERG FREDERICK Chief Financial Officer 11,257 $0.00 $0
2026-03-31 GOLDBERG FREDERICK Chief Financial Officer 11,257 $0.00 $0
2026-03-31 LEAHY NATALYA Chief Executive Officer 14,220 $0.00 $0
2026-03-31 LEAHY NATALYA Chief Executive Officer 14,220 $0.00 $0
2026-03-18 LINDBLAD SVEN-OLOF Director and Beneficial Owner of more than 10% of a Class of Security 100,000 $0.00 $0
2026-03-13 BRESSLER BENJAMIN L Officer 243,916 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
771.02
+19.59%
644.73
+13.20%
569.54
+35.12%
421.50
Operating Revenue
771.02
+19.59%
644.73
+13.20%
569.54
+35.12%
421.50
Cost Of Revenue
418.02
+15.29%
362.58
+7.21%
338.21
+19.42%
283.22
Reconciled Cost Of Revenue
416.31
+15.11%
361.65
+7.18%
337.41
+19.39%
282.61
Gross Profit
353.00
+25.11%
282.15
+21.97%
231.33
+67.29%
138.28
Operating Expense
307.51
+18.01%
260.59
+18.06%
220.73
+9.64%
201.33
Selling General And Administration
244.69
+17.62%
208.03
+19.54%
174.02
+10.64%
157.29
Selling And Marketing Expense
114.72
+31.83%
87.02
+21.83%
71.43
+17.10%
61.00
General And Administrative Expense
129.98
+7.41%
121.01
+17.95%
102.60
+6.55%
96.29
Other Gand A
129.98
+7.41%
121.01
+17.95%
102.60
+6.55%
96.29
Total Expenses
725.53
+16.43%
623.17
+11.49%
558.94
+15.35%
484.55
Operating Income
45.49
+111.05%
21.55
+103.35%
10.60
+116.81%
-63.05
Total Operating Income As Reported
45.49
+111.05%
21.55
+103.35%
10.60
+116.81%
-63.05
EBITDA
88.02
+18.71%
74.14
+35.30%
54.80
+374.81%
-19.94
Normalized EBITDA
110.43
+46.84%
75.20
+39.16%
54.04
+388.96%
-18.70
Reconciled Depreciation
64.53
+20.64%
53.49
+12.59%
47.51
+6.41%
44.65
EBIT
23.48
+13.73%
20.65
+183.46%
7.28
+111.28%
-64.59
Total Unusual Items
-22.41
-2004.69%
-1.06
-241.81%
0.75
+160.76%
-1.24
Total Unusual Items Excluding Goodwill
-22.41
-2004.69%
-1.06
-241.81%
0.75
+160.76%
-1.24
Special Income Charges
-23.49
0.00
0.00
Other Special Charges
23.49
Net Income
-29.72
+4.68%
-31.18
+31.64%
-45.61
+59.05%
-111.38
Pretax Income
-21.75
+13.32%
-25.09
+33.50%
-37.73
+63.04%
-102.08
Net Non Operating Interest Income Expense
-45.23
+1.11%
-45.74
-1.61%
-45.01
-20.05%
-37.49
Interest Expense Non Operating
45.23
-1.11%
45.74
+1.61%
45.01
+20.05%
37.49
Net Interest Income
-45.23
+1.11%
-45.74
-1.61%
-45.01
-20.05%
-37.49
Interest Expense
45.23
-1.11%
45.74
+1.61%
45.01
+20.05%
37.49
Other Income Expense
-22.01
-2328.92%
-0.91
+72.67%
-3.31
-114.84%
-1.54
Other Non Operating Income Expenses
0.41
+157.23%
0.16
+103.91%
-4.07
-1224.43%
-0.31
Gain On Sale Of Security
1.08
+201.13%
-1.06
-241.81%
0.75
+160.76%
-1.24
Tax Provision
2.48
-20.26%
3.10
-1.34%
3.15
-48.22%
6.08
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-4.71
-2004.69%
-0.22
-241.81%
0.16
+160.76%
-0.26
Net Income Including Noncontrolling Interests
-24.23
+14.08%
-28.20
+31.02%
-40.88
+62.21%
-108.16
Net Income From Continuing Operation Net Minority Interest
-29.72
+4.68%
-31.18
+31.64%
-45.61
+59.05%
-111.38
Net Income From Continuing And Discontinued Operation
-29.72
+4.68%
-31.18
+31.64%
-45.61
+59.05%
-111.38
Net Income Continuous Operations
-24.23
+14.08%
-28.20
+31.02%
-40.88
+62.21%
-108.16
Minority Interests
-5.50
-84.18%
-2.98
+36.97%
-4.73
-46.97%
-3.22
Normalized Income
-12.01
+60.40%
-30.34
+34.34%
-46.20
+58.15%
-110.40
Net Income Common Stockholders
-34.65
+3.27%
-35.82
+28.34%
-49.98
+56.93%
-116.05
Otherunder Preferred Stock Dividend
0.00
0.00
Diluted EPS
-0.63
+5.97%
-0.67
+28.72%
-0.94
+57.85%
-2.23
Basic EPS
-0.63
+5.97%
-0.67
+28.72%
-0.94
+57.85%
-2.23
Basic Average Shares
54.97
+2.14%
53.82
+1.05%
53.26
+2.38%
52.02
Diluted Average Shares
54.97
+2.14%
53.82
+1.05%
53.26
+2.38%
52.02
Diluted NI Availto Com Stockholders
-34.65
+3.27%
-35.82
+28.34%
-49.98
+56.93%
-116.05
Depreciation Amortization Depletion Income Statement
62.82
+19.52%
52.56
+12.53%
46.71
+6.06%
44.04
Depreciation And Amortization In Income Statement
62.82
+19.52%
52.56
+12.53%
46.71
+6.06%
44.04
Preferred Stock Dividends
4.93
+6.14%
4.64
+6.13%
4.37
-6.38%
4.67
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
979.96
+11.75%
876.90
+5.49%
831.30
+5.50%
787.98
Current Assets
367.88
+32.13%
278.43
+13.88%
244.50
+33.38%
183.32
Cash Cash Equivalents And Short Term Investments
256.69
+39.55%
183.94
+17.28%
156.84
+55.65%
100.77
Cash And Cash Equivalents
256.69
+39.55%
183.94
+17.28%
156.84
+79.92%
87.18
Other Short Term Investments
0.00
-100.00%
13.59
Inventory
5.44
-54.40%
11.93
Raw Materials
5.44
-45.41%
9.96
Prepaid Assets
37.98
+32.87%
28.59
+9.42%
26.12
+26.78%
20.61
Restricted Cash
33.04
+2.61%
32.20
+5.58%
30.50
+5.73%
28.85
Other Current Assets
40.16
+19.16%
33.70
+8.60%
31.04
-42.21%
53.70
Total Non Current Assets
612.08
+2.27%
598.47
+1.99%
586.79
-2.95%
604.66
Net PPE
522.12
+0.72%
518.39
-1.45%
526.00
-2.48%
539.41
Gross PPE
926.57
+7.32%
863.37
+5.28%
820.10
+3.79%
790.14
Accumulated Depreciation
-404.45
-17.24%
-344.98
-17.30%
-294.10
-17.30%
-250.73
Properties
0.00
0.00
0.00
0.00
Land And Improvements
0.73
+0.00%
0.73
0.00
Buildings And Improvements
2.44
+0.00%
2.44
0.00
Machinery Furniture Equipment
923.37
+7.52%
858.78
+4.90%
818.68
+3.80%
788.71
Other Properties
4.34
Leases
0.04
-97.33%
1.43
+0.07%
1.42
-0.14%
1.43
Goodwill And Other Intangible Assets
77.21
+3.01%
74.95
+45.74%
51.43
-3.39%
53.24
Goodwill
60.61
+2.67%
59.03
+40.49%
42.02
+0.00%
42.02
Other Intangible Assets
16.60
+4.25%
15.92
+69.18%
9.41
-16.11%
11.22
Non Current Deferred Assets
2.17
Non Current Deferred Taxes Assets
2.17
Other Non Current Assets
12.75
+148.58%
5.13
-45.24%
9.36
-22.06%
12.01
Total Liabilities Net Minority Interest
1,133.46
+10.86%
1,022.44
+8.19%
945.06
+8.18%
873.62
Current Liabilities
461.59
+17.62%
392.45
+22.94%
319.22
-6.42%
341.12
Payables And Accrued Expenses
98.96
+37.61%
71.91
+10.54%
65.06
-8.40%
71.02
Payables
22.23
+60.37%
13.86
-14.20%
16.15
-2.69%
16.60
Accounts Payable
22.23
+60.37%
13.86
-14.20%
16.15
-2.69%
16.60
Other Payable
Current Accrued Expenses
76.73
+32.17%
58.05
+18.72%
48.90
-10.14%
54.42
Pensionand Other Post Retirement Benefit Plans Current
Total Tax Payable
Income Tax Payable
Current Debt And Capital Lease Obligation
1.15
-38.42%
1.87
-4.87%
1.97
-92.12%
25.00
Current Debt
0.00
-89.66%
0.03
-38.30%
0.05
-99.80%
23.34
Other Current Borrowings
0.00
-89.66%
0.03
-38.30%
0.05
-99.80%
23.34
Current Capital Lease Obligation
1.15
-37.62%
1.84
-4.06%
1.92
+15.63%
1.66
Current Deferred Liabilities
361.48
+13.44%
318.67
+26.35%
252.20
+2.90%
245.10
Current Deferred Revenue
361.48
+13.44%
318.67
+26.35%
252.20
+2.90%
245.10
Total Non Current Liabilities Net Minority Interest
671.86
+6.65%
629.99
+0.66%
625.84
+17.53%
532.50
Long Term Debt And Capital Lease Obligation
662.67
+5.96%
625.42
+0.59%
621.78
+17.44%
529.45
Long Term Debt
662.67
+5.96%
625.42
+0.59%
621.78
+17.44%
529.45
Long Term Capital Lease Obligation
2.96
Non Current Deferred Liabilities
2.22
-37.12%
3.54
+67.00%
2.12
0.00
Non Current Deferred Taxes Liabilities
2.22
-37.12%
3.54
+67.00%
2.12
0.00
Other Non Current Liabilities
6.97
+580.47%
1.02
-47.30%
1.94
-36.27%
3.05
Stockholders Equity
-201.45
-15.14%
-174.96
-15.45%
-151.55
-33.49%
-113.53
Common Stock Equity
-284.53
-12.41%
-253.11
-12.46%
-225.06
-23.20%
-182.68
Capital Stock
83.08
+6.30%
78.16
+6.31%
73.52
+6.32%
69.15
Common Stock
0.01
+0.00%
0.01
+20.00%
0.01
+0.00%
0.01
Preferred Stock
83.08
+6.30%
78.16
+6.31%
73.51
+6.32%
69.14
Share Issued
55.42
+1.68%
54.51
+2.09%
53.39
+0.40%
53.18
Ordinary Shares Number
55.32
+1.74%
54.38
+1.96%
53.33
+0.42%
53.11
Treasury Shares Number
0.10
-25.74%
0.13
+127.55%
0.06
-13.93%
0.07
Additional Paid In Capital
126.87
+15.89%
109.47
+12.70%
97.14
+15.85%
83.85
Retained Earnings
-411.40
-13.37%
-362.88
-12.62%
-322.21
-20.89%
-266.53
Gains Losses Not Affecting Retained Earnings
0.00
-100.00%
0.29
0.00
0.00
Minority Interest
47.95
+62.96%
29.42
-22.13%
37.78
+35.49%
27.89
Other Equity Adjustments
0.29
Total Equity Gross Minority Interest
-153.50
-5.47%
-145.53
-27.92%
-113.77
-32.83%
-85.65
Total Capitalization
461.22
+2.39%
450.47
-4.20%
470.23
+13.06%
415.92
Working Capital
-93.71
+17.81%
-114.02
-52.59%
-74.72
+52.65%
-157.80
Invested Capital
378.15
+1.56%
372.34
-6.16%
396.76
+7.20%
370.11
Total Debt
663.83
+5.82%
627.30
+0.57%
623.75
+12.50%
554.45
Net Debt
405.98
-8.05%
441.51
-5.05%
464.98
-0.14%
465.61
Capital Lease Obligations
1.15
-37.62%
1.84
-4.06%
1.92
+15.63%
1.66
Net Tangible Assets
-278.65
-11.50%
-249.91
-23.12%
-202.98
-21.71%
-166.77
Tangible Book Value
-361.73
-10.26%
-328.07
-18.65%
-276.49
-17.20%
-235.91
Other Inventories
1.97
Preferred Shares Number
0.06
Preferred Stock Equity
83.08
+6.30%
78.16
+6.31%
73.51
+6.32%
69.14
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
111.58
+20.82%
92.36
+263.02%
25.44
+1254.83%
-2.20
Cash Flow From Continuing Operating Activities
111.56
+20.75%
92.39
+263.32%
25.43
+1254.33%
-2.20
Net Income From Continuing Operations
-24.23
+14.08%
-28.20
+31.02%
-40.88
+62.21%
-108.16
Depreciation Amortization Depletion
64.53
+20.64%
53.49
+12.59%
47.51
+6.41%
44.65
Depreciation
61.93
+20.51%
51.39
+12.43%
45.71
+2.38%
44.65
Amortization Cash Flow
2.60
+23.81%
2.10
+16.67%
1.80
-10.00%
2.00
Depreciation And Amortization
64.53
+20.64%
53.49
+12.59%
47.51
+6.41%
44.65
Amortization Of Intangibles
2.60
+23.81%
2.10
+16.67%
1.80
-10.00%
2.00
Other Non Cash Items
3.35
-8.47%
3.66
+8.35%
3.38
+26.60%
2.67
Stock Based Compensation
13.46
+36.90%
9.83
-29.19%
13.89
+98.60%
6.99
Asset Impairment Charge
7.11
0.00
-100.00%
3.86
-57.13%
9.00
Deferred Tax
-1.26
-161.50%
2.05
-24.53%
2.72
-50.39%
5.48
Deferred Income Tax
-1.26
-161.50%
2.05
-24.53%
2.72
-50.39%
5.48
Operating Gains Losses
-1.08
-201.13%
1.06
+241.81%
-0.75
-160.76%
1.24
Net Foreign Currency Exchange Gain Loss
-1.08
-201.13%
1.06
+241.81%
-0.75
-160.76%
1.24
Change In Working Capital
49.69
-1.50%
50.45
+1276.72%
-4.29
-111.93%
35.92
Change In Inventory
-1.37
Change In Prepaid Assets
-11.39
-819.71%
-1.24
+64.16%
-3.45
+82.46%
-19.70
Change In Payables And Accrued Expense
25.48
+1355.71%
1.75
+133.59%
-5.21
-125.38%
20.53
Change In Other Working Capital
39.52
-25.39%
52.97
+646.21%
7.10
-78.16%
32.50
Change In Other Current Assets
-1.79
+12.27%
-2.04
-8.87%
-1.87
-173.20%
2.56
Change In Other Current Liabilities
-2.13
-113.87%
-0.99
-17.06%
-0.85
-2841.94%
0.03
Investing Cash Flow
-67.27
-52.61%
-44.08
-197.83%
-14.80
+70.16%
-49.59
Cash Flow From Continuing Investing Activities
-67.27
-52.61%
-44.08
-197.83%
-14.80
+70.16%
-49.59
Net PPE Purchase And Sale
-47.74
-42.44%
-33.52
-11.87%
-29.96
+21.57%
-38.20
Purchase Of PPE
-47.74
-42.44%
-33.52
-11.87%
-29.96
+21.57%
-38.20
Capital Expenditure
-47.74
-42.44%
-33.52
-11.87%
-29.96
+21.57%
-38.20
Net Investment Purchase And Sale
0.00
0.00
-100.00%
15.16
+201.09%
-15.00
Purchase Of Investment
-15.00
Sale Of Investment
0.00
0.00
-100.00%
15.16
Net Business Purchase And Sale
-19.52
-84.88%
-10.56
0.00
0.00
Purchase Of Business
-19.52
-84.88%
-10.56
0.00
0.00
Net Other Investing Changes
3.61
Financing Cash Flow
29.56
+249.58%
-19.77
-132.57%
60.68
+1345.72%
-4.87
Cash Flow From Continuing Financing Activities
29.56
+249.58%
-19.77
-132.57%
60.68
+1345.72%
-4.87
Net Issuance Payments Of Debt
39.96
+81659.18%
-0.05
-100.07%
69.30
+881.67%
7.06
Issuance Of Debt
675.00
0.00
-100.00%
275.00
-23.61%
360.00
Repayment Of Debt
-635.04
-1295891.84%
-0.05
+99.98%
-205.70
+41.72%
-352.94
Long Term Debt Issuance
675.00
0.00
-100.00%
275.00
-23.61%
360.00
Long Term Debt Payments
-635.04
-1295891.84%
-0.05
+99.98%
-205.70
+41.72%
-352.94
Net Long Term Debt Issuance
39.96
+81659.18%
-0.05
-100.07%
69.30
+881.67%
7.06
Proceeds From Stock Option Exercised
2.79
+193.95%
-2.97
-163.65%
-1.13
-6.82%
-1.06
Net Other Financing Charges
-13.19
+21.19%
-16.74
-123.55%
-7.49
+31.13%
-10.87
Changes In Cash
73.88
+159.13%
28.51
-60.02%
71.32
+225.85%
-56.67
Effect Of Exchange Rate Changes
-0.29
-200.00%
0.29
0.00
0.00
Beginning Cash Position
216.14
+15.37%
187.34
+61.47%
116.02
-32.81%
172.69
End Cash Position
289.74
+34.05%
216.14
+15.37%
187.34
+61.47%
116.02
Free Cash Flow
63.84
+8.50%
58.84
+1401.08%
-4.52
+88.81%
-40.41
Interest Paid Supplemental Data
50.77
+2.72%
49.42
+13.11%
43.70
+69.26%
25.82
Income Tax Paid Supplemental Data
3.16
+891.85%
0.32
-55.13%
0.71
+130.10%
0.31
Issuance Of Capital Stock
0.00
Net Preferred Stock Issuance
0.00
Preferred Stock Issuance
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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