# Lindblad Expeditions Holdings, Inc.: overview

LIND · Nasdaq · CIK 1512499 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/lind.md) · [Financials](/companies/lind/financials.md) · [Filings](/companies/lind/filings.md) · [Insiders](/companies/lind/insiders.md)

Latest reported revenue: [$199.2m](/filings/0001437749-26-025462.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 3, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, accession 0001437749-26-025462).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [206](/filings/0001437749-25-033060.md) | [149 d](/filings/0001437749-26-005873.md) | [180](/filings/0001437749-26-014912.md) | [168](/filings/0001437749-26-025462.md) | [240](/filings/0001437749-25-033060.md) | [183 d](/filings/0001437749-26-005873.md) | [208](/filings/0001437749-26-014912.md) | [199](/filings/0001437749-26-025462.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [14.3%](/filings/0001437749-25-033060.md) | [(5.1%) d](/filings/0001437749-26-005873.md) | [5.9%](/filings/0001437749-26-014912.md) | [2.6%](/filings/0001437749-26-025462.md) | [15.0%](/filings/0001437749-25-033060.md) | [(3.0%) d](/filings/0001437749-26-005873.md) | [7.5%](/filings/0001437749-26-014912.md) | [6.0%](/filings/0001437749-26-025462.md) |
| Net margin | % | [10.9%](/filings/0001437749-25-033060.md) | [(16.9%) d](/filings/0001437749-26-005873.md) | [0.6%](/filings/0001437749-26-014912.md) | [(5.1%)](/filings/0001437749-26-025462.md) | [0.5%](/filings/0001437749-25-033060.md) | [(12.9%) d](/filings/0001437749-26-005873.md) | [3.1%](/filings/0001437749-26-014912.md) | [(0.7%)](/filings/0001437749-26-025462.md) |
| Diluted EPS | $ per share | [0.36](/filings/0001437749-25-033060.md) | not reported | [0.00](/filings/0001437749-26-014912.md) | [(0.18)](/filings/0001437749-26-025462.md) | [0.00](/filings/0001437749-25-033060.md) | not reported | [0.09](/filings/0001437749-26-014912.md) | [(0.02)](/filings/0001437749-26-025462.md) |
| Free cash flow | $m | [18.4 d](/filings/0001437749-25-033060.md) | [(8.2) d](/filings/0001437749-26-005873.md) | [35.0](/filings/0001437749-26-014912.md) | [13.5 d](/filings/0001437749-26-025462.md) | [11.9 d](/filings/0001437749-25-033060.md) | [3.5 d](/filings/0001437749-26-005873.md) | [42.6](/filings/0001437749-26-014912.md) | [51.1 d](/filings/0001437749-26-025462.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [147](/filings/0001437749-24-008869.md) | [422](/filings/0001437749-25-005544.md) | [570](/filings/0001437749-26-005873.md) | [645](/filings/0001437749-26-005873.md) | [771](/filings/0001437749-26-005873.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(75.3%)](/filings/0001437749-24-008869.md) | [(15.0%)](/filings/0001437749-25-005544.md) | [1.9%](/filings/0001437749-26-005873.md) | [3.3%](/filings/0001437749-26-005873.md) | [5.9%](/filings/0001437749-26-005873.md) |
| Net margin | % | [(81.0%)](/filings/0001437749-24-008869.md) | [(26.4%)](/filings/0001437749-25-005544.md) | [(8.0%)](/filings/0001437749-26-005873.md) | [(4.8%)](/filings/0001437749-26-005873.md) | [(3.9%)](/filings/0001437749-26-005873.md) |
| Diluted EPS | $ per share | [(2.41)](/filings/0001437749-24-008869.md) | [(2.23)](/filings/0001437749-25-005544.md) | [(0.94)](/filings/0001437749-26-005873.md) | [(0.67)](/filings/0001437749-26-005873.md) | [(0.63)](/filings/0001437749-26-005873.md) |
| Free cash flow | $m | [(64.2)](/filings/0001437749-24-008869.md) | [(40.4)](/filings/0001437749-25-005544.md) | [(4.5)](/filings/0001437749-26-005873.md) | [58.8](/filings/0001437749-26-005873.md) | [63.8](/filings/0001437749-26-005873.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/lind/insiders.md)

| Date | Insider | Role | Transaction | Shares | Reported price | Value | Filing |
| --- | --- | --- | --- | ---: | ---: | ---: | --- |
| 2026-10-29 | [Lindblad Sven-Olof](/insiders/1639304.md) | Director, 10% owner | Sale (S) | 16,038 | $37.19 | $596.5k | [Form 4](/filings/0000897069-26-001877.md) |
| 2026-10-29 | [Lindblad Sven-Olof](/insiders/1639304.md) | Director, 10% owner | Sale (S) | 50,834 | $36.87 | $1.9m | [Form 4](/filings/0000897069-26-001877.md) |
| 2026-10-28 | [Lindblad Sven-Olof](/insiders/1639304.md) | Director, 10% owner | Sale (S) | 11,300 | $35.77 | $404.2k | [Form 4](/filings/0000897069-26-001877.md) |
| 2026-10-28 | [Lindblad Sven-Olof](/insiders/1639304.md) | Director, 10% owner | Sale (S) | 57,100 | $35.16 | $2.0m | [Form 4](/filings/0000897069-26-001877.md) |
| 2026-10-27 | [Lindblad Sven-Olof](/insiders/1639304.md) | Director, 10% owner | Sale (S) | 11,200 | $35.97 | $402.9k | [Form 4](/filings/0000897069-26-001877.md) |
| 2026-10-27 | [Lindblad Sven-Olof](/insiders/1639304.md) | Director, 10% owner | Sale (S) | 83,725 | $35.46 | $3.0m | [Form 4](/filings/0000897069-26-001877.md) |
| 2026-10-26 | [Lindblad Sven-Olof](/insiders/1639304.md) | Director, 10% owner | Sale (S) | 1,203 | $35.71 | $43.0k | [Form 4](/filings/0000897069-26-001872.md) |
| 2026-10-26 | [Lindblad Sven-Olof](/insiders/1639304.md) | Director, 10% owner | Sale (S) | 47,666 | $35.26 | $1.7m | [Form 4](/filings/0000897069-26-001872.md) |
| 2026-10-26 | [Lindblad Sven-Olof](/insiders/1639304.md) | Director, 10% owner | Sale (S) | 1,100 | $34.19 | $37.6k | [Form 4](/filings/0000897069-26-001872.md) |
| 2026-10-23 | [Lindblad Sven-Olof](/insiders/1639304.md) | Director, 10% owner | Sale (S) | 2,885 | $34.81 | $100.4k | [Form 4](/filings/0000897069-26-001872.md) |
| 2026-10-23 | [Lindblad Sven-Olof](/insiders/1639304.md) | Director, 10% owner | Sale (S) | 63,275 | $34.20 | $2.2m | [Form 4](/filings/0000897069-26-001872.md) |

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $187.4m | 6,636,712 |  | Added +2,519,362 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $122.6m | 4,340,762 |  | Added +835,165 |
| [ARIEL INVESTMENTS, LLC](/funds/936753.md) | 2026-06-30 | $78.0m | 2,762,484 |  | Reduced −676,579 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $60.1m | 2,129,727 |  | Added +23,447 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $50.1m | 1,773,203 |  | Added +846,020 |
| [Driehaus Capital Management LLC](/funds/938206.md) | 2026-06-30 | $41.4m | 1,467,275 |  | Added +281,376 |
| [Select Equity Group, L.P.](/funds/1592643.md) | 2026-06-30 | $41.0m | 1,452,792 |  | Added +394,737 |
| [PRINCIPAL FINANCIAL GROUP INC](/funds/1126328.md) | 2026-06-30 | $39.4m | 1,393,582 |  | Reduced −136,286 |
| [ARROWSTREET CAPITAL, LIMITED PARTNERSHIP](/funds/1164508.md) | 2026-06-30 | $36.1m | 1,277,903 |  | Added +4,994 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $34.9m | 1,236,927 |  | Added +142,613 |

## Recent filings

[All 1,064 filings](/companies/lind/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-15 | 07:55 ET | [8-K](/filings/0001437749-26-030390.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001437749-26-030390 |
| 2026-08-03 | 16:42 ET | [10-Q](/filings/0001437749-26-025462.md) | Quarterly report, period 2026-06-30 | 0001437749-26-025462 |
| 2026-08-03 | 07:46 ET | [8-K](/filings/0001437749-26-025309.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-26-025309 |
| 2026-06-11 | 16:37 ET | [8-K](/filings/0001437749-26-020326.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001437749-26-020326 |
| 2026-05-05 | 16:36 ET | [10-Q](/filings/0001437749-26-014912.md) | Quarterly report, period 2026-03-31 | 0001437749-26-014912 |
| 2026-05-05 | 07:50 ET | [8-K](/filings/0001437749-26-014742.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-26-014742 |
| 2026-04-28 | 19:10 ET | [DEF 14A](/filings/0001104659-26-049586.md) | Proxy statement, period 2026-06-10 | 0001104659-26-049586 |
| 2026-03-25 | 16:48 ET | [8-K](/filings/0001437749-26-009801.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001437749-26-009801 |
| 2026-03-03 | 16:19 ET | [8-K](/filings/0001437749-26-006604.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001437749-26-006604 |
| 2026-02-26 | 16:22 ET | [10-K](/filings/0001437749-26-005873.md) | Annual report, period 2025-12-31 | 0001437749-26-005873 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001437749-26-005873.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/6a7c84d2-b242-47ab-8b04-204995805593)

## About the filer

- CIK: 1512499
- Tickers: LIND
- Exchange: Nasdaq
- SIC code: 4700 Transportation Services
- State of incorporation: DE
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 18:12 ET. No prices; not investment advice.