Lindblad Expeditions: Performance Outweighs Risks

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.

Seeking Alpha • May 7, 2026

Lindblad Expeditions Holdings, Inc. Reports 2026 First Quarter Financial Results

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.

PRNewsWire • May 5, 2026

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

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

Seeking Alpha • May 5, 2026

Lindblad Expeditions (LIND) Q1 Earnings and Revenues Surpass Estimates

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.

Zacks Investment Research • May 5, 2026

LINDBLAD EXPEDITIONS HOLDINGS, INC. TO REPORT 2026 FIRST QUARTER FINANCIAL RESULTS ON MAY 5, 2026

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.

PRNewsWire • Apr 28, 2026

Travel Stocks Are Getting Pummeled as the Iran Conflict Drags On. Here Are 3 to Buy on the Dip.

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.

The Motley Fool • Apr 13, 2026

Is Lindblad Expeditions a Buy or Sell After Its Founder Dumped 28,000 Shares?

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.

The Motley Fool • Mar 11, 2026

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

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

Seeking Alpha • Feb 27, 2026

Lindblad Expeditions Holdings, Inc. Reports 2025 Fourth Quarter and Full Year Financial Results

2025 Delivered the Strongest Adjusted EBITDA Performance in Company History Highlights: Total revenues increased 20% to $771.0 million Net loss available to stockholders decreased $1.2 million to $34.6 million; including a $23.5 million loss on extinguishment of debt Adjusted EBITDA increased 38% to $126.2 million Net Yield per Available Guest Night increased 14% to $1,335 and Occupancy was 88% Refinanced long-term debt with $675.0 million of 7.00% senior secured notes, extending debt maturity to 2030, and increased the amount available under our revolving credit facility to $60.0 million On February 3, 2026, all outstanding Preferred Stock was converted into 9.0 million shares of Common Stock NEW YORK, Feb. 26, 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 fourth quarter and full year ended December 31, 2025. Natalya Leahy, Chief Executive Officer, said "In 2025, we delivered the strongest performance in our company's history — record guest satisfaction, record yield of $1,335, and record Adjusted EBITDA $126.2 million — while strengthening our balance sheet position.

PRNewsWire • Feb 26, 2026

Lindblad Expeditions (LIND) Reports Q4 Loss, Tops Revenue Estimates

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.

Zacks Investment Research • Feb 26, 2026