Stocks Consumer discretionary LIND
NASDAQ · Consumer discretionaryLindblad Expeditions Holdings, Inc. (LIND)
Lindblad Expeditions Holdings, Inc. brought in $859.6M of revenue over the twelve months to September 30, 2026, up 16.7% from a year earlier. Net income was $5.8M, a net margin of 0.7%. Operating cash flow minus capital spending left $63.8M of free cash flow in fiscal 2025. At September 30, 2026 it held $274.9M in cash against $664.5M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 3, 2026.
Key facts about Lindblad Expeditions Holdings, Inc.
- Net worth
- Lindblad Expeditions Holdings, Inc. has a market value (market cap) of $2.3B at the latest share price, and shareholders' equity of -$171.7M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $771M (+19.6% year on year), with a net loss of $29.7M. Over the 12 months to September 30, 2026: revenue $859.6M, net income $5.8M.
- Cash flow
- In fiscal 2025 operations brought in $111.6M of cash; after $47.7M of capital spending, free cash flow was $63.8M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 3, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Lindblad Expeditions Holdings, Inc.'s next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Lindblad Expeditions Holdings, Inc. does
Lindblad Expeditions Holdings, Inc. is registered with the SEC under industry code SIC 4700 (Transportation Services). Its shares trade on NASDAQ under the ticker LIND.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $771M | -$29.7M | -$0.63 | $63.8M |
| 2024 | $644.7M | -$31.2M | -$0.67 | $58.8M |
| 2023 | $569.5M | -$45.6M | -$0.94 | -$4.5M |
| 2022 | $421.5M | -$111.4M | -$2.23 | -$40.4M |
| 2021 | $147.1M | -$119.2M | -$2.41 | -$64.2M |
| 2020 | $82.4M | -$98.7M | -$2.01 | -$247.7M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where LIND ranks in Consumer discretionary
Latest SEC filings
What Lindblad Expeditions Holdings, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Passive stake changed SCHEDULE 13G/A
- November 3, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 12% to $269.2M versus the same quarter last year; diluted EPS $0.36 versus $0.00.
- November 3, 2026
- September 15, 2026Material agreement8-KLindblad Expeditions acquired a 60% controlling stake in White Desert and Echo Charlie and raised its full year 2026 guidance.
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 3, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 19% to $199.2M versus the same quarter last year; diluted EPS -$0.02 versus -$0.18.
- August 3, 2026
- July 29, 2026Passive stake (5% or more) SCHEDULE 13G
- July 8, 2026Passive stake changed SCHEDULE 13G/A
- June 11, 2026
What is LIND worth? A DCF from its reported cash flow
Insider trades
What the people running Lindblad Expeditions Holdings, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $26.5M worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 29, 2026 | Lindblad Sven-OlofDirector, 10% owner | Soldpre-planned (10b5-1) | 50,834 | $1.9M |
| October 29, 2026 | Lindblad Sven-OlofDirector, 10% owner | Soldpre-planned (10b5-1) | 16,038 | $596.5K |
| October 28, 2026 | Lindblad Sven-OlofDirector, 10% owner | Soldpre-planned (10b5-1) | 57,100 | $2M |
| October 28, 2026 | Lindblad Sven-OlofDirector, 10% owner | Soldpre-planned (10b5-1) | 11,300 | $404.2K |
| October 27, 2026 | Lindblad Sven-OlofDirector, 10% owner | Soldpre-planned (10b5-1) | 83,725 | $3M |
| October 27, 2026 | Lindblad Sven-OlofDirector, 10% owner | Soldpre-planned (10b5-1) | 11,200 | $402.9K |
| October 26, 2026 | Lindblad Sven-OlofDirector, 10% owner | Soldpre-planned (10b5-1) | 1,100 | $37.6K |
| October 26, 2026 | Lindblad Sven-OlofDirector, 10% owner | Soldpre-planned (10b5-1) | 47,666 | $1.7M |
Who owns LIND
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Lindblad Sven-Olof13D, may seek influence | 16.7% | February 10, 2026 |
| Fmr LLC13G, passive with 1 related filers | 10.1% | July 8, 2026 |
| Ein Mark13G, passive with 1 related filers | 5.1% | February 17, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 226 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Fmr LLC | 6,636,712 | +2,519,362 |
| BlackRock, Inc. | 4,340,762 | +835,165 |
| Ariel Investments, LLC | 2,762,484 | -676,579 |
| Vanguard Capital Management LLC | 2,129,727 | +23,447 |
| Goldman Sachs Group Inc | 1,773,203 | +846,020 |
| Driehaus Capital Management LLC | 1,467,275 | +281,376 |
| Select Equity Group, L.P. | 1,452,792 | +394,737 |
| Principal Financial Group Inc | 1,393,582 | -136,286 |
| Arrowstreet Capital, Limited Partnership | 1,277,903 | +4,994 |
| UBS Group AG | 1,236,927 | +142,613 |
| Geode Capital Management, LLC | 1,236,442 | +217,626 |
| Invesco Ltd. | 1,213,915 | +1,088,537 |
| State Street Corp | 1,063,599 | +193,681 |
| Royce & Associates LP | 1,053,568 | -16,218 |
| Black Diamond Financial, LLC | 959,964 | -108,398 |
| Dimensional Fund Advisors LP | 938,138 | +152,019 |
| Loomis Sayles & Co L P | 888,303 | new |
| Vanguard Portfolio Management LLC | 868,760 | +461,609 |
| Pinnacle Associates Ltd | 800,048 | -40,275 |
| Morgan Stanley | 797,758 | +162,436 |
Insiders
16 insiders reported holding 24,402,534 shares in total, about $863.1M at the last price.
| Holder | Shares |
|---|---|
| Lindblad Sven-OlofDirector, 10% owner | 20,624,404 |
| Dryden L. DysonDirector | 1,899,456 |
| Leahy NatalyaCEO | 492,386 |
| Schultz Alex PDirector | 341,746 |
| Ein MarkDirector | 331,842 |
| Bressler Benjamin*Founder & CEO of NHA | 162,305 |
| Fahey John M JrDirector | 113,726 |
| Byus TreyChief Expedition Officer | 101,530 |
| Reynolds Catherine BDirector | 85,493 |
| Goldberg FrederickChief Financial Officer | 63,742 |
Questions about LIND
What does Lindblad Expeditions Holdings, Inc. do?
Lindblad Expeditions Holdings, Inc. is a company in the Consumer discretionary sector, listed on NASDAQ as LIND. Its shares trade on NASDAQ under the ticker LIND.
What is Lindblad Expeditions Holdings, Inc.'s net worth?
Lindblad Expeditions Holdings, Inc. has a market value (market cap) of $2.3B at the latest share price, and shareholders' equity of -$171.7M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Lindblad Expeditions Holdings, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $5.8M on revenue of $859.6M, a net margin of 0.7%.
How much revenue does Lindblad Expeditions Holdings, Inc. make?
Over the twelve months to September 30, 2026 Lindblad Expeditions Holdings, Inc. reported revenue of $859.6M. That is 16.7% more than a year earlier.
When did Lindblad Expeditions Holdings, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 3, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the passive stake changed from November 5, 2026.
When is Lindblad Expeditions Holdings, Inc.'s next earnings report?
Lindblad Expeditions Holdings, Inc.'s next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Lindblad Expeditions Holdings, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.