Full text
Earnings transcript
Read the complete earnings call transcript.
LIND
Lindblad Expeditions Holdings, Inc.
$17.06
-0.64
(-3.62%)
[ms_data_label text=’Delayed data’]
| Exchange: | NASDAQ |
| Market Cap: | 937.8M |
| Shares Outstanding: | 18M |
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Travel Services | |||||
| CEO: | Benjamin L. Bressler | |||||
| Full Time Employees: | 1230 | |||||
| Address: |
| |||||
| Website: | https://world.expeditions.com |
Lindblad Expeditions Holdings, Inc. provides expedition cruising and land-based adventure travel experiences. The company delivers voyages through a fleet of ten owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand. The company also provides luxury cycling and adventure tours worldwide under the DuVine name; active small group and private custom journeys throughout the United States national park under the Off the Beaten Path brand name; and curated active small group and private custom journeys that are centered around cinematic walks led by the local guides under the Classic Journeys name. The company has a strategic alliance with the National Geographic Society. Lindblad Expeditions Holdings, Inc. was founded in 1979 and is headquartered in New York, New York.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 569,543 | 644,727 | 771,019 |
| Gross Profit | 247,167 | 301,054 | 290,179 |
| EBITDA | 54,795 | 74,140 | 86,303 |
| Operating Income | 10,599 | 21,553 | 45,487 |
| Net Income | -45,610 | -31,179 | -29,721 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 831,297 | 876,905 | 979,958 |
| Total Liabilities | 945,063 | 1,022,440 | 1,133,457 |
| Total Stockholders Equity | -151,550 | -174,959 | -153,499 |
| Total Debt | 623,748 | 627,299 | 1,154 |
| Cash and Cash Equivalents | 156,845 | 183,941 | 256,692 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 25,441 | 92,355 | 111,583 |
| Capital Expenditure | -29,963 | -33,520 | -47,745 |
| Free Cash Flow | -4,522 | 58,835 | 63,838 |
| Net Income | -45,610 | -28,195 | -24,225 |
| Net Change in Cash | 71,320 | 28,799 | 73,592 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 903,903.695 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 933,555.755 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 917,800 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | -20,951.255 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | -20,285.791 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | -20,597.658 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 33,949.974 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 35,404.501 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 34,800 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 364,159.678 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 376,105.735 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 369,758.144 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 0.630 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 0.640 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 0.620 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: Lindblad Expeditions reported a 23% revenue increase in Q2 2025, as highlighted in the earnings call transcript, reflecting strong demand for its services and effective operational execution.
- Positive Financial Performance: Key financial results from the earnings call indicate consistent growth in net income and operating cash flow, supported by improving gross profit margins, positioning the company favorably within its sector.
- Strategic Investments: The company is actively investing in growth initiatives, as noted in the Q2 2025 earnings call summary, which enhances its capacity to meet rising demand and maintain a competitive edge in the adventure travel market.
- Strong Market Positioning: As part of the travel and leisure industry, Lindblad benefits from a niche focus on expedition travel, which aligns with growing consumer interest in unique, experiential tourism, per industry trends.
Log in with Full Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates LIND intrinsic value between $16.07 – $16.09 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about LIND valuation
Is Lindblad Expeditions Holdings, Inc. (LIND) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Lindblad Expeditions Holdings, Inc. (LIND) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is LIND a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether LIND trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is LIND’s P/E ratio?
You can see LIND’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for LIND?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is LIND a good long-term investment?
Whether LIND fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
LIND
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
[ms_data_label text="Daily snapshot"]
-3.62
Trading Metrics:
| Open: | [ms_cell_or_dash table='trading_quote' column='open'] | Previous Close: | [ms_cell_or_dash table='trading_quote' column='previousClose'] | |
| Day Low: | [ms_cell_or_dash table='trading_quote' column='dayLow'] | Day High: | [ms_cell_or_dash table='trading_quote' column='dayHigh'] | |
| Year Low: | 7.45 | Year High: | 21.23 | |
| Price Avg 50: | 18.29 | Price Avg 200: | 14.34 | |
| Volume: | 700530 | Average Volume: | 776268 |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's freeLIND full analysis
Welcome to MARKETSNAP’s SWOT analysis for Lindblad Expeditions! If you’re not familiar with this company, let me give you the quick rundown. Lindblad Expeditions operates in the adventure travel space, focusing on unique, immersive experiences like expeditions to remote destinations. Think polar cruises or treks through untouched landscapes. They’re part of the broader travel and leisure industry, carving out a niche in experiential tourism. For long-term investors like us, this is a company that’s been tapping into a growing desire…
