LINDBLAD EXPEDITIONS HOLDINGS, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $771.0M | $644.7M | $569.5M | $421.5M | $147.1M |
| Cost of revenue | $418.0M | $362.6M | $338.2M | $283.2M | $124.5M |
| Operating income | $45.5M | $21.6M | $10.6M | -$63.0M | -$110.8M |
| Pretax income | -$21.8M | -$25.1M | -$37.7M | -$102.1M | -$121.2M |
| Income tax expense | $2.5M | $3.1M | $3.1M | $6.1M | -$2.0M |
| Net income | -$29.7M | -$31.2M | -$45.6M | -$111.4M | -$119.2M |
| Balance Sheet | |||||
| Cash and equivalents | $256.7M | $183.9M | $156.8M | $87.2M | $150.8M |
| Current assets | $367.9M | $278.4M | $244.5M | $183.3M | $210.3M |
| Total assets | $980.0M | $876.9M | $831.3M | $788.0M | $827.5M |
| Current liabilities | $461.6M | $392.5M | $319.2M | $341.1M | $289.5M |
| Total liabilities | $1.1B | $1.0B | $945.1M | $873.6M | $811.5M |
| Total debt | $675.0M | $635.0M | $635.1M | $565.8M | $558.5M |
| Stockholders' equity | -$284.5M | -$253.1M | -$225.1M | -$182.7M | -$78.6M |
| Cash Flow Statement | |||||
| Cash from operations | $111.6M | $92.4M | $25.4M | -$2.2M | $32.5M |
| Depreciation and amortization | $62.8M | $52.6M | $46.7M | $44.0M | $39.5M |
| Stock-based compensation | $13.5M | $9.8M | $13.9M | $7.0M | $5.6M |
| Capital expenditure | $47.7M | $33.5M | $30.0M | $38.2M | $96.7M |
| Free cash flow | $63.8M | $58.8M | -$4.5M | -$40.4M | -$64.2M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 65.6M · Free float 51.5%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.