Lindblad Expeditions Holdings Past Earnings Performance
Past criteria checks 0/6
Lindblad Expeditions Holdings has been growing earnings at an average annual rate of 31.4%, while the Hospitality industry saw earnings growing at 35.4% annually. Revenues have been growing at an average rate of 36.3% per year.
Key information
31.40%
Earnings growth rate
33.13%
EPS growth rate
| Hospitality Industry Growth | 19.52% |
| Revenue growth rate | 36.32% |
| Return on equity | n/a |
| Net Margin | -4.49% |
| Next Earnings Update | 05 May 2026 |
Recent past performance updates
Recent updates
LIND: Premium Experiential Demand And Margin Execution Will Support Future Returns
Analysts have lifted the fair value estimate for Lindblad Expeditions Holdings from about $16.33 to roughly $23.80, citing updated views on discount rates, growth, margins, and a higher future P/E in light of recent price target increases and supportive research commentary. Analyst Commentary Recent Street research on Lindblad Expeditions Holdings has been broadly constructive, with multiple firms revisiting their models, adjusting price targets, and highlighting both opportunities and execution risks.
LIND: Fair Outlook Balances Utilization Upside With Execution And Margin Risks
The analyst fair value estimate for Lindblad Expeditions Holdings has increased from $12.00 to $17.00, with analysts attributing the change to rising Street price targets toward the mid-$20 range and citing the company's differentiated expedition offering as well as its efforts to improve utilization and margins. Analyst Commentary Recent Street research on Lindblad Expeditions Holdings has centered on how differentiated product, fleet utilization, and margin potential stack up against the current share price.
LIND: 2026 EBITDA Framework And Guidance Will Rerate High End Travel Story
Analysts maintained their $27 price target for Lindblad Expeditions, citing fresh coverage and recent target increases to $23, $25 and $27 that reflect confidence in the company's differentiated high-end travel offering, improving utilization, and potential for higher margins and organic sales growth. Analyst Commentary Recent research highlights a clear tilt toward optimism on Lindblad Expeditions, with several bullish analysts updating their views and price targets in quick succession.LIND: 2026 EBITDA Framework And Guidance Are Expected To Reset Perception
The analyst fair value estimate for Lindblad Expeditions Holdings has been raised by $4 to $27, as analysts point to a series of higher Street price targets and increased confidence in the potential for existing assets to support materially higher EBITDA over time. Analyst Commentary Bullish analysts have been lifting their price targets on Lindblad Expeditions Holdings, signaling growing confidence in the company’s ability to execute on its plan and translate its asset base into higher earnings power over time.LIND: 2026 EBITDA Roadmap And Transparency Are Expected To Reshape Perception
Analysts have lifted their price target on Lindblad Expeditions Holdings to $23 from $20, pointing to expectations that future long term financial targets and greater transparency around potential EBITDA from existing assets could reshape how investors view the company. Analyst Commentary Recent research has highlighted a more constructive tone around Lindblad Expeditions Holdings, with bullish analysts pointing to clearer long term targets and a more open approach from management as key reasons cited for a higher price target.LIND: Long Term EBITDA Outlook Above $150M Will Reshape Market View
Analysts have raised their price target on Lindblad Expeditions Holdings to $23 from $20, citing updated assumptions that include slightly lower discount rates, modestly higher expectations for revenue growth and profit margins, and a somewhat lower future P/E multiple informed by recent discussions with management about long-term financial goals. Analyst Commentary Bullish analysts are highlighting Lindblad Expeditions Holdings as a name where clearer long-term financial targets could help close the gap between the current share price and their updated valuation work.LIND: Long Term EBITDA Guidance Above $150M Will Shift Market Perception
Narrative Update: Lindblad Expeditions Holdings Analysts have raised their price target on Lindblad Expeditions Holdings to $23 from $20, citing expectations that future long-term financial targets could highlight stronger EBITDA potential from existing assets and improve overall transparency for investors. Analyst Commentary Bullish analysts are signaling growing confidence in Lindblad Expeditions Holdings, highlighted by the recent increase in the 12 month price target to US$23 from US$20.LIND: Higher Revenue Outlook And Lower Discount Rate Will Support Upside
Analysts kept their fair value estimate for Lindblad Expeditions Holdings steady at US$20.00, with slight model tweaks such as higher projected revenue growth and a marginally lower discount rate, offset by a modestly softer profit margin outlook and a small reduction in assumed future P/E. What's in the News Lindblad Expeditions Holdings reported that from July 1, 2025 to September 30, 2025, it repurchased 0 shares for US$0 million.LIND: Improved Margins And Lower Equity Returns Will Support Bullish Outlook
Analysts have raised their price target on Lindblad Expeditions Holdings by 2.00 dollars to 20.00 dollars, citing expectations for slightly slower top line growth, but meaningfully improved profit margins and a lower required return on equity that supports a higher fair value multiple. What's in the News Lindblad Expeditions Holdings confirmed full year 2025 earnings guidance, expecting total revenue between 745 million dollars and 760 million dollars.Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Shares Fly 25% But Investors Aren't Buying For Growth
Dec 24
An Intrinsic Calculation For Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Suggests It's 42% Undervalued
Dec 12LIND: Stronger Profit Margins Will Drive Solid Returns Ahead
Analysts have modestly raised their price target on Lindblad Expeditions Holdings to 16.33 dollars. This reflects slightly improved views on the company’s discount rate and long term earnings multiple assumptions, despite largely unchanged growth and margin expectations.LIND: Higher Profit Margins Will Support Stronger Performance Ahead
Analysts have raised their price target for Lindblad Expeditions Holdings by $0.00 to $16.33, citing improved profit margin outlook and a more favorable valuation multiple, while growth expectations remain stable. What's in the News Lindblad Expeditions Holdings has issued new earnings guidance for the full year 2025.LIND: Future Earnings Outlook Will Drive Upward Momentum
Analysts have raised their price target for Lindblad Expeditions Holdings from $15.33 to $16.33. They cite updated expectations for revenue growth, profit margins, and valuation multiples.The Return Trends At Lindblad Expeditions Holdings (NASDAQ:LIND) Look Promising
Oct 31Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Looks Inexpensive But Perhaps Not Attractive Enough
Jul 02Immersive Adventure Travel Will Flourish With Disney And Galapagos
Expanding fleet, new market entries, and high occupancy fuel revenue growth and operational efficiency, supported by innovative partnerships and dynamic pricing strategies.Lindblad Expeditions: Sailing Strongly Past Macroeconomic Turbulence (Rating Upgrade)
May 14Lindblad Expeditions Holdings, Inc.'s (NASDAQ:LIND) Revenues Are Not Doing Enough For Some Investors
Apr 01Some Investors May Be Worried About Lindblad Expeditions Holdings' (NASDAQ:LIND) Returns On Capital
Feb 26Lindblad Expeditions: Upbeat Earnings Momentum, But A Moderate Overvaluation
Dec 03Lindblad Expeditions Holdings, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Nov 08Lindblad Expeditions Holdings, Inc.'s (NASDAQ:LIND) Shares Bounce 27% But Its Business Still Trails The Industry
Nov 06Benign Growth For Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Underpins Stock's 27% Plummet
Aug 13Lindblad Expeditions: Tour Occupancy Needs To Grow, Too
Jul 06What Lindblad Expeditions Holdings, Inc.'s (NASDAQ:LIND) P/S Is Not Telling You
Jun 25Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Lindblad Expeditions Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 771 | -35 | 238 | 0 |
| 30 Sep 25 | 736 | -36 | 252 | 0 |
| 30 Jun 25 | 702 | -15 | 241 | 0 |
| 31 Mar 25 | 671 | -31 | 232 | 0 |
| 31 Dec 24 | 645 | -36 | 204 | 0 |
| 30 Sep 24 | 621 | -38 | 201 | 0 |
| 30 Jun 24 | 591 | -55 | 197 | 0 |
| 31 Mar 24 | 580 | -55 | 193 | 0 |
| 31 Dec 23 | 570 | -50 | 174 | 0 |
| 30 Sep 23 | 562 | -55 | 188 | 0 |
| 30 Jun 23 | 531 | -69 | 179 | 0 |
| 31 Mar 23 | 497 | -73 | 171 | 0 |
| 31 Dec 22 | 422 | -116 | 157 | 0 |
| 30 Sep 22 | 369 | -111 | 139 | 0 |
| 30 Jun 22 | 289 | -127 | 126 | 0 |
| 31 Mar 22 | 213 | -133 | 110 | 0 |
| 31 Dec 21 | 147 | -125 | 94 | 0 |
| 30 Sep 21 | 82 | -128 | 75 | 0 |
| 30 Jun 21 | 18 | -130 | 59 | 0 |
| 31 Mar 21 | 3 | -133 | 52 | 0 |
| 31 Dec 20 | 82 | -100 | 66 | 0 |
| 30 Sep 20 | 158 | -71 | 82 | 0 |
| 30 Jun 20 | 258 | -44 | 102 | 0 |
| 31 Mar 20 | 335 | -3 | 118 | 0 |
| 31 Dec 19 | 343 | 14 | 118 | 0 |
| 30 Sep 19 | 338 | 11 | 119 | 0 |
| 30 Jun 19 | 324 | 16 | 115 | 0 |
| 31 Mar 19 | 317 | 15 | 113 | 0 |
| 31 Dec 18 | 310 | 11 | 110 | 0 |
| 30 Sep 18 | 302 | 0 | 105 | 0 |
| 30 Jun 18 | 300 | 4 | 105 | 0 |
| 31 Mar 18 | 286 | 2 | 103 | 0 |
| 31 Dec 17 | 267 | -9 | 101 | 0 |
| 30 Sep 17 | 259 | -1 | 102 | 0 |
| 30 Jun 17 | 246 | -3 | 98 | 0 |
| 31 Mar 17 | 244 | -5 | 95 | 0 |
| 31 Dec 16 | 242 | 5 | 90 | 0 |
| 30 Sep 16 | 233 | 13 | 85 | 0 |
| 30 Jun 16 | 220 | 10 | 81 | 0 |
| 31 Mar 16 | 216 | 23 | 77 | 0 |
| 31 Dec 15 | 210 | 20 | 74 | 0 |
| 30 Sep 15 | 208 | 22 | 72 | 0 |
| 30 Jun 15 | 201 | 24 | 68 | 0 |
Quality Earnings: LIND is currently unprofitable.
Growing Profit Margin: LIND is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: LIND is unprofitable, but has reduced losses over the past 5 years at a rate of 31.4% per year.
Accelerating Growth: Unable to compare LIND's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LIND is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (4.9%).
Return on Equity
High ROE: LIND's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/01 12:07 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Lindblad Expeditions Holdings, Inc. is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Albanese | Benchmark Company |
| Tyler Batory | Brean Capital Historical (Janney Montgomery) |
| Eric Des Lauriers | Craig-Hallum Capital Group LLC |