Lindblad Expeditions

LIND

Market cap $1.51B

I last wrote about Lindblad Expeditions over two years ago, but the rating remains unchanged at Buy. The company's strong performance in Q1 2026, coupled with results ahead of guidance in 2025, suggests that there could be continued positive financial developments ahead. The stock's market multiples are attractive too, even considering macro risks stemming from higher crude oil prices and their potential spillover into demand and market sentiment.

Lindblad Expeditions Holdings, Inc. (LIND) Q1 2026 Earnings Call Transcript

Lindblad Expeditions (LIND) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to break-even earnings per share a year ago.

First Quarter 2026 Highlights: Total revenue increased 16% to $208.0 million Net income available to stockholders was $6.0 million Adjusted EBITDA increased 16% to $34.8 million Lindblad segment net yield per available guest night increased 7% to $1,631 Occupancy increased to 93% from 89% NEW YORK, May 5, 2026 /PRNewswire/ -- Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND; the "Company" or "Lindblad"), a global provider of expedition cruises and adventure travel experiences, today reported financial results for the first quarter ended March 31, 2026. Natalya Leahy, Chief Executive Officer, said: "In a complex macro and geopolitical environment, our team delivered another record quarter, achieving 93% occupancy- highest in the Company's history, record yields, and 16% EBITDA growth.

NEW YORK, April 28, 2026 /PRNewswire/ -- Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND; "Lindblad"; the "Company"), a global provider of expedition cruises and adventure travel experiences, will report 2026 first quarter financial results on Tuesday May 5, 2026, before the market opens. The Company will host a conference call to discuss the results at 9:00 am Eastern Time.

Stocks tend to overshoot in both directions when geopolitical events happen, which is where long-term investors can find mispriced opportunities. Not all travel exposure is created equal.

Sven-Olof Lindblad sold 28,002 shares on Feb. 4, 2026 for a transaction value of ~$493,000 at around $17.61 per share. This sale represented 0.26% of direct holdings, reducing direct ownership to 10,783,962 shares post-transaction.

Lindblad Expeditions Holdings, Inc. (LIND) Q4 2025 Earnings Call Transcript

Lindblad Expeditions (LIND) came out with a quarterly loss of $0.45 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to a loss of $0.48 per share a year ago.

In the news release, Lindblad Expeditions Holdings, Inc. Reports 2025 Fourth Quarter and Full Year Financial Results, issued 26-Feb-2026 by Lindblad Expeditions Holdings, Inc. over PR Newswire, we are advised by the company that the conference call time is 9:00 a.m. Eastern Time on February 26, 2026 rather than 8:30 a.m.