Lindblad Expeditions Reports Record Q1 2026 Results with 16% Revenue & EBITDA Growth, Highest Occupancy
LIND has more than doubled off its 52-week low of $8.972.
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 · Earnings and Guidance · LIND
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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 · LIND · Energy & Transportation
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.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1498 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
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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.