Lindblad Expeditions Reports Record Q1 2026 Results with 16% Revenue & EBITDA Growth, Highest Occupancy
Summary
Lindblad Expeditions reported strong first-quarter 2026 financial results, with total revenue and Adjusted EBITDA both increasing by 16%, and achieved a record 93% occupancy.
Key Events
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Strong Q1 Financial Performance
Total revenue increased 16% to $208.0 million, and Adjusted EBITDA rose 16% to $34.8 million compared to Q1 2025.
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Record Occupancy and Yields
Achieved a record 93% occupancy, up from 89% year-over-year, with net yield per available guest night increasing 7% to $1,631.
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Positive Net Income
Reported net income available to stockholders of $6.0 million ($0.09 per diluted share), a significant improvement from a net loss in the prior year period.
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Updated 2026 Outlook
Reaffirmed full-year 2026 guidance, projecting tour revenues between $800 million and $850 million, and Adjusted EBITDA between $130 million and $140 million.
Analysis
The company delivered robust first-quarter performance, exceeding prior year figures across key metrics including revenue, net income, and Adjusted EBITDA. The significant increase in occupancy to a record 93% and a 7% rise in net yield per available guest night highlight strong operational execution and demand for its expedition cruises. The positive shift from a net loss to net income available to stockholders further underscores the company's improving financial health. The provided full-year 2026 guidance offers investors a clear outlook. This official filing confirms the strong results previously reported by news outlets on the same day.
At the time of this filing, LIND was trading at $18.35 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $8.97 to $21.60. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.