LINDBLAD EXPEDITIONS HOLDINGS, INC. financials
Source: EDGAR filings · Built 2026-06-02T03:27:32Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 63.84M | 58.84M | -4.52M | -40.41M | -64.19M | -247.74M |
| EBITDA | 108.31M | 74.11M | 57.31M | -19.00M | -71.31M | -56.31M |
| Working Capital | -93.71M | -114.02M | -74.72M | -157.80M | -79.12M | 73.36M |
| Net Debt | 407.13M | 444.29M | 468.75M | 470.24M | 398.70M | 300.47M |
| Gross Margin | 45.78% | 43.76% | 40.62% | 32.81% | 15.38% | 11.44% |
| Operating Margin | 5.90% | 3.34% | 1.86% | -14.96% | -75.34% | -107.34% |
| Net Margin | -3.85% | -4.84% | -8.01% | -26.42% | -81.03% | -119.89% |
| Return on Equity (ROE) | 10.45% | 12.32% | 20.27% | 60.97% | 151.69% | -282.44% |
| Return on Assets (ROA) | -3.03% | -3.56% | -5.49% | -14.14% | -14.41% | -13.04% |
| Current Ratio | 0.80× | 0.71× | 0.77× | 0.54× | 0.73× | 1.47× |
| Debt-to-Equity | -2.33× | -2.48× | -2.78× | -3.05× | -6.99× | 13.96× |
| Effective Tax Rate | -11.38% | -12.37% | -8.34% | -5.95% | 1.67% | 8.92% |
| Cash Conversion Ratio | -3.75× | -2.96× | -0.56× | 0.02× | -0.27× | 0.93× |
| Accruals Ratio | -0.14× | -0.14× | -0.09× | -0.14× | -0.18× | -0.01× |
| SBC % of Revenue | 1.75% | 1.53% | 2.44% | 1.66% | 3.78% | 2.90% |
| CapEx Coverage | 2.34× | 2.76× | 0.85× | -0.06× | 0.34× | -0.59× |
| Free Cash Flow Per Share | $1.16 | $1.09 | $-0.08 | $-0.78 | $-1.28 | $-4.98 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/FCF | 12.42× | 10.85× | — | — | — | — |
| FCF Yield | 8.05% | 9.22% | — | — | — | — |
| EV / EBITDA | 11.12× | 14.70× | 18.67× | — | — | — |
| P/S | 1.03× | 1.00× | 1.06× | 0.97× | 5.38× | 10.36× |
| P/B | — | — | — | — | — | 24.40× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cost of Revenue | 418.02M | 362.58M | 338.21M | 283.22M | 124.48M | 72.93M |
| Operating Income (Loss) | 45.49M | 21.55M | 10.60M | -63.05M | -110.83M | -88.40M |
| Income Tax Expense (Benefit) | 2.48M | 3.10M | 3.15M | 6.08M | -2.02M | -9.80M |
| Net Income (Loss) Attributable to Parent | -29.72M | -31.18M | -45.61M | -111.38M | -119.21M | -98.74M |
| Earnings Per Share, Basic | $-0.63 | $-0.67 | $-0.94 | $-2.23 | $-2.41 | $-2.01 |
| Weighted Average Number of Shares Outstanding, Basic | 54.97M | 53.82M | 53.26M | 52.02M | 50.11M | 49.74M |
| Earnings Per Share, Diluted | $-0.63 | $-0.67 | $-0.94 | $-2.23 | $-2.41 | $-2.01 |
| Weighted Average Number of Shares Outstanding, Diluted | 54.97M | 53.82M | 53.26M | 52.02M | 50.11M | 49.74M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 256.69M | 183.94M | 156.84M | 87.18M | 150.75M | 187.53M |
| Assets, Current | 367.88M | 278.43M | 244.50M | 183.32M | 210.34M | 229.17M |
| Assets | 979.96M | 876.90M | 831.30M | 787.98M | 827.49M | 757.45M |
| Long-term Debt | 662.67M | 625.45M | 621.83M | 552.79M | 544.72M | 482.61M |
| Liabilities, Current | 461.59M | 392.45M | 319.22M | 341.12M | 289.46M | 155.81M |
| Long-term Debt, Excluding Current Maturities | 662.67M | 625.42M | 621.78M | 529.45M | 518.66M | 471.36M |
| Liabilities | 1.13B | 1.02B | 945.06M | 873.62M | 811.55M | 631.17M |
| Stockholders' Equity Attributable to Parent | -284.53M | -253.11M | -225.06M | -182.68M | -78.58M | 34.96M |
| Common Stock, Shares, Outstanding | 55.32M | 54.38M | 53.33M | 53.11M | 50.76M | 49.82M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 111.58M | 92.36M | 25.44M | -2.20M | 32.49M | -92.26M |
| Payments to Acquire Property, Plant, and Equipment | 47.74M | 33.52M | 29.96M | 38.20M | 96.69M | 155.48M |
| Net Cash Provided by (Used in) Investing Activities | -67.27M | -44.08M | -14.80M | -49.59M | -114.72M | -155.48M |
| Net Cash Provided by (Used in) Financing Activities | 29.56M | -19.77M | 60.68M | -4.87M | 50.41M | 342.99M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 42.59M | 3.48M | 60.36M | 48.45M | 34.98M | -8.19M |
| EBITDA | 33.29M | 12.42M | — | — | 25.91M | 7.30M |
| Working Capital | -88.37M | -93.71M | -74.82M | -127.56M | -124.70M | -114.02M |
| Net Debt | 389.69M | 407.13M | 402.49M | 427.48M | 439.01M | 444.29M |
| Gross Margin | 48.68% | 40.27% | 48.22% | 45.58% | 48.34% | 42.54% |
| Operating Margin | 7.51% | -3.01% | 14.98% | 2.62% | 5.91% | -5.09% |
| Net Margin | 3.12% | -12.86% | 0.50% | -5.07% | 0.65% | -16.86% |
| Return on Equity (ROE) | -3.42% | 8.28% | -0.46% | 3.23% | -0.46% | 9.90% |
| Return on Assets (ROA) | 0.66% | -2.40% | 0.12% | -0.91% | 0.13% | -2.86% |
| Current Ratio | 0.81× | 0.80× | 0.83× | 0.72× | 0.70× | 0.71× |
| Debt-to-Equity | -3.50× | -2.33× | -2.59× | -2.38× | -2.49× | -2.48× |
| Effective Tax Rate | -25.41% | -35.45% | -127.63% | -8.52% | 312.84% | -25.72% |
| Cash Conversion Ratio | 7.61× | -0.61× | 81.63× | -9.11× | 41.69× | -0.07× |
| Accruals Ratio | -0.04× | -0.04× | -0.10× | -0.09× | -0.05× | -0.03× |
| SBC % of Revenue | 0.84% | -0.56% | 6.03% | 5.43% | 2.07% | 1.66% |
| CapEx Coverage | 7.18× | 1.32× | 2.64× | 2.66× | 3.61× | 0.17× |
| Free Cash Flow Per Share | $0.70 | $0.06 | $1.09 | $0.89 | $0.64 | $-0.15 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/S | 1.42× | 1.03× | 0.96× | 0.91× | 0.75× | 1.00× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cost of Revenue | 106.74M | 109.41M | 124.37M | 91.39M | 92.85M | 85.39M |
| Operating Income (Loss) | 15.62M | -5.51M | 35.97M | 4.41M | 10.61M | -7.57M |
| Income Tax Expense (Benefit) | -1.23M | 5.98M | -2.56M | 547.00K | -1.49M | 5.15M |
| Net Income (Loss) Attributable to Parent | 6.50M | -23.55M | 1.19M | -8.52M | 1.16M | -25.05M |
| Earnings Per Share, Basic | $0.10 | $-0.45 | $0.00 | $-0.18 | $0.00 | $-0.49 |
| Weighted Average Number of Shares Outstanding, Basic | 60.25M | 54.97M | 55.56M | 54.59M | 54.62M | 53.82M |
| Earnings Per Share, Diluted | $0.09 | $-0.45 | $0.00 | $-0.18 | $0.00 | $-0.49 |
| Weighted Average Number of Shares Outstanding, Diluted | 61.11M | 54.97M | 55.56M | 54.59M | 54.62M | 53.82M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 275.01M | 256.69M | 261.78M | 200.93M | 188.85M | 183.94M |
| Assets, Current | 384.75M | 367.88M | 363.79M | 322.52M | 295.83M | 278.43M |
| Assets | 987.18M | 979.96M | 976.53M | 936.52M | 908.83M | 876.90M |
| Long-term Debt | 663.22M | 662.67M | 663.45M | 627.28M | 626.37M | 625.45M |
| Liabilities, Current | 473.12M | 461.59M | 438.61M | 450.08M | 420.54M | 392.45M |
| Long-term Debt, Excluding Current Maturities | 663.22M | 662.67M | 663.44M | 627.27M | 626.35M | 625.42M |
| Liabilities | 1.14B | 1.13B | 1.11B | 1.08B | 1.05B | 1.02B |
| Stockholders' Equity Attributable to Parent | -190.13M | -284.53M | -256.59M | -263.81M | -252.22M | -253.11M |
| Common Stock, Shares, Outstanding | 65.45M | 55.32M | 55.29M | 54.60M | 54.57M | 54.38M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 49.47M | 14.44M | 97.14M | 77.61M | 48.40M | 1.68M |
| Payments to Acquire Property, Plant, and Equipment | 6.89M | 10.97M | 36.78M | 29.16M | 13.41M | 9.87M |
| Net Cash Provided by (Used in) Investing Activities | -6.89M | -13.13M | -54.14M | -44.74M | -29.00M | -9.69M |
| Net Cash Provided by (Used in) Financing Activities | -11.24M | -1.70M | 31.27M | -1.40M | -327.00K | -709.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (LIND CIK 0001512499),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.