LIND Q4 2025 Earnings — Lindblad Expeditions Holdings, Inc. Revenue & Financial Results | Market Cap Arena

LINDLindblad Expeditions Holdings, Inc.

$972M

Q4 2025 Earnings

Consumer Cyclical Travel Services

Income Statement

Revenue

$183M+23.3% YoY

Gross Profit

$26M14.1% margin

Operating Income

-$6M-3.0% margin

Net Income

-$24M-12.9% margin

EPS (Diluted)

$-0.45

QoQ Revenue Growth

-23.7%

Cash Flow

Operating Cash Flow

$26M

Free Cash Flow

$15M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$980M

Total Liabilities

$1.1B

Stockholders' Equity

-$201M

Cash & Equivalents

$257M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$183M	$149M	+23.3%
Gross Profit	$26M	$67M	-61.6%
Operating Income	-$6M	-$8M	+27.3%
Net Income	-$24M	-$25M	+6.0%

Revenue Segments

Lindblad Segment

$116M63%

Land-experience

$67M37%