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Earnings transcript
Read the complete earnings call transcript.
LIND
Lindblad Expeditions Holdings, Inc.
$22.27
0.88
(4.11%)
| Exchange: | NASDAQ |
| Market Cap: | 1.224B |
| Shares Outstanding: | 18M |
Delayed data
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Travel Services | |||||
| CEO: | Benjamin L. Bressler | |||||
| Full Time Employees: | 1230 | |||||
| Address: |
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| Website: | https://world.expeditions.com |
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.
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Revenue Segmentation
EPS
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Earnings Call
AI summary
Key takeaways
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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) | 911,033.458 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 933,416.141 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 923,300 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | -20,948.122 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | -20,445.800 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | -20,721.091 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 32,412.990 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 33,452.488 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 32,932.739 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 367,032.077 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 376,049.488 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 371,973.953 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 0.600 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 0.610 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 0.590 | 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 |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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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.
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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.
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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
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Daily snapshot
4.11
Trading Metrics:
| Open: | 21.72 | Previous Close: | 21.39 | |
| Day Low: | 21.55 | Day High: | 23.18 | |
| Year Low: | 10.46 | Year High: | 23.78 | |
| Price Avg 50: | 19.59 | Price Avg 200: | 16.01 | |
| Volume: | 540297 | Average Volume: | 750547 |
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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…
