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LINDBLAD EXPEDITIONS HOLDINGS, INC.

LINDBLAD EXPEDITIONS HOLDINGS, INC.LINDEarnings & Financial Report

Nasdaq

Lindblad Expeditions is an expedition travel company headquartered in New York, NY. The company currently offers expedition cruises to destinations on all seven continents aboard 15 ships with capacities ranging from 28 to 150 guests.

NextFeb 28, 2026

LIND Q3 2025 Key Financial Metrics

Revenue

$240.2M

Gross Profit

$115.8M

Operating Profit

$36.0M

Net Profit

$1.2M

Gross Margin

48.2%

Operating Margin

15.0%

Net Margin

0.5%

YoY Growth

16.6%

EPS

$0.00

Financial Flow

LINDBLAD EXPEDITIONS HOLDINGS, INC. Q3 2025 Financial Summary

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported revenue of $240.2M for Q3 2025, with a net profit of $1.2M (0.5% margin). Cost of goods sold was $124.4M, operating expenses totaled $79.8M.

Key Financial Metrics

Total Revenue$240.2M
Net Profit$1.2M
Gross Margin48.2%
Operating Margin15.0%
Report PeriodQ3 2025

LINDBLAD EXPEDITIONS HOLDINGS, INC. Annual Revenue by Year

LINDBLAD EXPEDITIONS HOLDINGS, INC. annual revenue history includes year-by-year totals (for example, 2024 revenue was $644.7M).

YearAnnual Revenue
2024$644.7M
2023$569.5M
2022$421.5M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$125.4M$153.6M$136.5M$206.0M$148.6M$179.7M$167.9M$240.2M
YoY Growth6.3%7.1%9.4%17.1%18.5%17.0%23.0%16.6%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$831.3M$868.0M$858.3M$889.8M$876.9M$908.8M$936.5M$976.5M
Liabilities$945.1M$984.5M$1.01B$1.01B$1.02B$1.05B$1.08B$1.11B
Equity$-225.1M$-227.4M$-255.5M$-226.9M$-253.1M$-252.2M$-263.8M$-256.6M

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$-9.9M$43.9M$18.6M$28.1M$1.7M$48.4M$29.2M$19.5M