Lindblad Q2 Revenue Jumps 19% to $199M, Loss Narrows; Guides FY26 EBITDA $130-140M

summarizeSummary

Lindblad Expeditions posted Q2 2026 revenue of $199.2 million, a 19% increase, and narrowed its net loss to $1.4 million. Full-year guidance targets $830-$860 million in tour revenues and $130-$140 million in Adjusted EBITDA.

check_boxKey Events · Earnings and Guidance · LIND

• Q2 Revenue +19% to $199M

  Total tour revenues rose 19% year-over-year to $199.2 million, with the Lindblad segment up 16% and Land Experiences up 23%.

• Net Loss Narrows to $1.4M

  Net loss available to stockholders improved by $8.3 million to $1.4 million, or $0.02 per diluted share, from a loss of $9.7 million a year ago.

• Adjusted EBITDA +31% to $32.5M

  Adjusted EBITDA increased 31% to $32.5 million, driven by higher revenues and operating leverage, with margins expanding despite higher fuel costs.

• FY26 Guidance: $830-860M Revenue

  The company expects full-year 2026 tour revenues of $830-$860 million and Adjusted EBITDA of $130-$140 million, implying continued growth.

auto_awesomeAnalysis · LIND · Energy & Transportation

A strong second quarter saw revenue climb 19% and Adjusted EBITDA rise 31%, fueled by record net yields and occupancy. The net loss available to stockholders shrank to $1.4 million from $9.7 million a year ago. Full-year guidance points to sustained momentum, with tour revenues projected at $830 million to $860 million and Adjusted EBITDA at $130 million to $140 million. The company also provided an update on its stock repurchase program, having deployed $23 million of the $35 million authorization. Set against recent insider selling by Director Mark Ein, these results and the buyback underscore operational strength and capital discipline.