NASDAQ$LIND

Lindblad Expeditions Holdings Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Lindblad Expeditions reported Q4 2025, revenue of $771M.

For Q4 2025, Lindblad Expeditions reported revenue of $771M. Management discusses segment performance, capital allocation, and macro risks in the quarterly filing.

  • Revenue $771M.
  • Lindblad Expeditions MD&A covers liquidity, credit, and operating priorities.
  • Lindblad Expeditions MD&A covers liquidity, credit, and operating priorities.

Headline financials

Total Revenue

$771M

Previous: $645M+19.6%
EPS (adj)

-$0.45

Previous: -$0.48+6.2%
Adjusted EBITDA

$14.2M

Previous: $13.4M+5.4%
Occupancy

87.0%

Previous: 78.0%+11.5%
Net yield per AGN

$1.28K

Previous: $1.15K+11.2%
Guest nights sold

66.5K

Previous: 54.0K+23.3%
Available guest nights

76.3K

Previous: 69.0K+10.5%
Maximum guests

10.0K

Previous: 8.5K+17.7%
Number of guests

8.8K

Previous: 6.8K+29.9%
Voyages

128

Previous: 95+34.7%
Total debt

$675M

No prior period
Net Income

-$24.8M

Previous: -$26.2M+5.3%
Operating Income

-$5.51M

Previous: -$7.57M+27.3%

Revenue & EPS history

Lindblad Expeditions · Revenue · Quarterly

$771M

Q4 2025+19.6%vs Q4 2024
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Lindblad Expeditions · $176M total across 2 segments · Q3 2023

  • Lindblad segment
    $109M-3.1%
  • Land Experiences
    $67.2M+106.8%

Forward guidance

The quarterly filing discusses operating priorities, capital returns, and sector risks; numeric multi-quarter bridges vary by issuer.

Tailwinds

  • MD&A highlights liquidity, capital, and core business trends.
  • Segment or product commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure near-term margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+2.2%

Avg return

Earnings day

+3.2%

Avg return

5 days after

+5.1%

Avg return

30 days after

57%

25 / 44 earnings

Positive

+40.5%

Q3 2024

Best reaction

-13.7%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+14.9%+18.4%+24.4%
Q4 2025-2.4%-8.3%-18.7%
Q3 2025+2.1%-0.6%-1.9%
Q1 2025+9.0%+14.5%+19.7%
Q4 2024-1.3%-3.2%-14.5%
Q3 2024+40.5%+48.2%+43.4%
Q2 2024-0.7%-4.2%+22.6%
Q1 2024+1.4%+0.5%+4.9%
Q4 2023-3.5%-9.6%-2.9%
Q3 2023+13.9%+15.8%+40.9%
Q2 2023+13.7%+11.2%-6.0%
Q1 2023-2.0%-2.8%-10.4%
Q4 2022-13.7%-3.7%-12.9%
Q3 2022+27.3%+29.0%+9.6%
Q2 2022+4.3%+7.6%-2.2%
Q1 2022-8.5%-15.1%-4.3%
Q4 2021-13.2%-0.5%-15.8%
Q3 2021+6.1%+12.9%-9.1%
Q2 2021-3.6%+10.8%+5.5%
Q1 2021-4.0%-6.3%-0.3%
Q4 2020+2.2%+6.5%-6.8%
Q3 2020+6.8%+1.0%+65.7%
Q2 2020+2.9%-4.4%+32.0%
Q1 2020-3.3%-10.8%+17.5%
Q4 2019-5.5%-13.8%-58.8%
Q3 2019-0.7%+1.0%-2.2%
Q2 2019+0.4%-0.9%-0.9%
Q1 2019+0.6%+1.3%+2.1%
Q4 2018+3.6%+6.8%+12.1%
Q3 2018-1.5%-1.1%-5.6%
Q2 2018+2.0%+7.8%+16.8%
Q1 2018+6.4%+7.4%+9.6%
Q4 2017+0.3%-0.3%+11.8%
Q3 2017-2.7%-1.6%-4.8%
Q2 2017+4.3%+6.9%+14.4%
Q1 2017+1.2%+0.2%+6.8%
Q4 2016+0.6%+3.5%+1.7%
Q3 2016+5.5%+5.3%+19.9%
Q2 2016-5.0%-5.8%-3.1%
Q1 2016-0.7%
Q4 2015-5.2%
Q3 2015+1.9%
Q2 2015-0.8%
Q1 2015+1.8%
Q4 2012

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