Lindblad Q2 Revenue Jumps 19% to $199M, Loss Narrows; Guides FY26 EBITDA $130-140M
LIND has more than doubled off its 52-week low of $11.369.
Summary
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.
Key Events · Earnings and Guidance · LIND
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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%.
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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.
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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.
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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.
Analysis · 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.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.9% of the 1666 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. 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 $29.57 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $11.37 to $30.44. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.