Earnings ·
Lindblad Expeditions posts record Q3 net income of $24.2M on 12% revenue growth to $269.2M
LINDLindblad Expeditions Holdings, Inc.
Lindblad Expeditions Holdings reported third-quarter results ending September 30, 2026, with total tour revenues increasing 12% to $269.2 million and net income available to stockholders reaching a record $24.2 million, or $0.36 per diluted share. Adjusted EBITDA rose 12% to $64.1 million, driven by a 6% increase in Lindblad segment net yield per available guest night to $1,398 and occupancy rising to 91%. The company also acquired majority interests in White Desert and Echo Charlie. For the full year 2026, management expects tour revenues of $870-$885 million and Adjusted EBITDA of $142-$148 million. Lindblad Expeditions Holdings operates as a global provider of expedition cruises and adventure travel experiences.