Lindblad Expeditions Holdings, Inc. (LIND) AI Stock Analysis

Lindblad Expeditions Holdings, Inc. specializes in expedition cruising and adventure travel experiences across global destinations. The company operates a fleet of ten owned expedition ships and five seasonal charter vessels under the Lindblad brand, catering to eco-conscious travelers. It also conducts nature-focused small-group tours through the Natural Habitat brand, emphasizing sustainability and environmental awareness. Beyond maritime voyages, the company offers luxury cycling and adventure tours under the DuVine name, as well as active small-group trips in United States national parks through Off the Beaten Path. A strategic alliance with the National Geographic Society enhances its educational and exploration initiatives.

Lindblad generated $830.6M in trailing twelve-month revenue through June 30, 2026, with quarterly revenue rising 18.6% year-over-year. Between FY2020 and FY2025, revenue grew at a 56.4% CAGR, rising from $147.1M in FY2021 to $771.0M in FY2025. Gross margin was 37.6% in FY2025, while operating margin reached 5.9%. Annual net losses narrowed from -$119.2M in FY2021 to -$29.7M in FY2025, bringing EPS from -$2.41 to -$0.17. For the latest quarter, earnings grew 400.4% year-over-year, while trailing twelve-month operating margin stood at 6.0% and profit margin was -2.1%.

As of June 30, 2026, Lindblad held $318.9M in cash and short-term investments against total debt of $665.6M, resulting in net debt of $346.7M. Total assets were $1.03B, and the current ratio stood at 0.84. Shareholders' equity was negative at -$195.8M. In FY2025, the company generated $111.6M in operating cash flow and invested $47.7M in capital expenditures, delivering free cash flow of $63.8M. Over the past five years, the share count increased 29.9%.

LIND closed at $34.55 on October 16, 2026, outperforming the broader market with a 1-year return of 191.3% versus 16.8% for the S&P 500 (SPY). Over five years, the stock returned 129.4% compared to 83.0% for the index. The company trades at a forward P/E of 46.1x and an EV to EBITDA multiple of 20.2x, above the median of its US-listed Consumer Cyclical peers at 14.1x and 11.1x, respectively. Its price-to-sales multiple of 2.7x also trades above the peer median of 0.7x.

Wall Street analyst coverage consists of 4 Strong Buy ratings and 2 Hold ratings. The mean price target is $36.00, representing 4.2% upside relative to the last close of $34.55. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $875.1M and EPS of $0.18, reflecting 444.4% earnings growth. Next fiscal year estimates expect revenue of $964.5M and EPS of $0.52. Lindblad beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 3, 2026.

This page is an AI-written research summary of Lindblad Expeditions Holdings, Inc. (LIND). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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