LIND
$35.45+3.29%
Lindblad Expeditions Holdings Inc.Stock · Consumer DiscretionaryRussell 2000 · 0.04% of IWMUS Stock Market · 0.002% of VTIRussell 3000 · 0.002% of IWV
LIND financial statements
The full income statement, balance sheet, and cash-flow statement for Lindblad Expeditions Holdings Inc. (LIND), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 54.3M2024-09 54.5M2024-12 54.6M2025-03 54.7M2025-06 54.8M2025-09 55.4M2025-12 65.3M2026-03 65.6M2026-06 65.6M+20.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 771M+19.6% | 645M+13.2% | 570M+35.1% | 422M+186.5% | 147M+78.6% | |
| Cost of revenue | 418M+15.3% | 363M+7.2% | 338M+19.4% | 283M+127.5% | 124M+70.7% | |
| Selling, general & administrative | 130M+7.4% | 121M+18.0% | 103M+6.5% | 96.3M+47.1% | 65.4M+43.8% | |
| General & administrative | 130M+7.4% | 121M+18.0% | 103M+6.5% | 96.3M+47.1% | 65.4M+43.8% | |
| Selling & marketing | 115M+31.8% | 87.0M+21.8% | 71.4M+17.1% | 61.0M+114.1% | 28.5M+40.8% | |
| Amortization of intangibles | 2.60M+23.8% | 2.10M+16.7% | 1.80M-10.0% | 2.00M+5.3% | 1.90M+18.8% | |
| Operating income | 45.5M+111.0% | 21.6M+103.3% | 10.6M+116.8% | -63.0M+43.1% | -111M-25.4% | |
| Net interest income | -45.2M+1.1% | -45.7M-1.6% | -45.0M-20.1% | -37.5M-52.6% | -24.6M-47.2% | |
| Other non-operating income | 409K+157.2% | 159K+103.9% | -4.07M-1224.4% | -307K-102.0% | 15.5M+18759.0% | |
| Pre-tax income | -21.8M+13.3% | -25.1M+33.5% | -37.7M+63.0% | -102M+15.8% | -121M-10.2% | |
| Income tax | 2.48M-20.3% | 3.10M-1.3% | 3.15M-48.2% | 6.08M+400.9% | -2.02M+79.4% | |
| -29.7M+4.7% | -31.2M+31.6% | -45.6M+59.1% | -111M+6.6% | -119M-20.7% | ||
| Net income to non-controlling interest | 5.50M+84.2% | 2.98M-37.0% | 4.73M+47.0% | 3.22M+8376.3% | 38.0K+102.7% | |
| Preferred dividends | 4.93M+6.1% | 4.64M+6.1% | 4.37M-6.4% | 4.67M-11.7% | 5.29M+210.2% | |
| Net income to common | -34.6M+3.3% | -35.8M+28.3% | -50.0M+56.9% | -116M+6.9% | -125M-24.1% | |
| -$0.63+6.0% | -$0.67+28.7% | -$0.94+57.8% | -$2.23+7.5% | -$2.41-19.9% | ||
| EPS (basic) | -$0.63+6.0% | -$0.67+28.7% | -$0.94+57.8% | -$2.23+7.5% | -$2.41-19.9% | |
| Weighted-avg shares (basic) | 55.0M+2.1% | 53.8M+1.1% | 53.3M+2.4% | 52.0M+3.8% | 50.1M+0.7% | |
| Weighted-avg shares (diluted) | 55.0M+2.1% | 53.8M+1.1% | 53.3M+2.4% | 52.0M+3.8% | 50.1M+0.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 368M+32.1% | 278M+13.9% | 245M+33.4% | 183M-12.8% | 210M-8.2% | ||
| Cash & equivalents | 257M+39.6% | 184M+17.3% | 157M+79.9% | 87.2M-42.2% | 151M-19.6% | |
| Short-term investments | — | — | 0.00-100.0% | 13.6K | 0.00 | |
| Inventory | — | — | — | 1.97M-13.7% | 2.28M+5.1% | |
| Prepaid expenses | 78.1M+25.5% | 62.3M+9.0% | 57.2M+6.4% | 53.7M+98.2% | 27.1M+59.2% | |
| Other current assets | — | 33.7M+8.6% | 31.0M+46.6% | 21.2M | — | |
| 980M+11.8% | 877M+5.5% | 831M+5.5% | 788M-4.8% | 827M+9.2% | ||
| Property, plant & equipment | 522M+0.7% | 518M-1.4% | 526M-2.5% | 539M-0.6% | 542M+12.4% | |
| Operating lease right-of-use | — | — | — | 4.34M-1.3% | 4.40M-13.4% | |
| Goodwill | 60.6M+2.7% | 59.0M+40.5% | 42.0M+0.0% | 42.0M+0.0% | 42.0M+90.1% | |
| Intangible assets | 16.6M+4.2% | 15.9M+69.2% | 9.41M-16.1% | 11.2M-15.2% | 13.2M+174.8% | |
| Deferred tax assets | — | — | — | 2.17M-71.5% | 7.61M+37.4% | |
| Other non-current assets | 12.7M+148.6% | 5.13M-45.2% | 9.36M-22.1% | 12.0M+60.8% | 7.47M-7.4% | |
| 462M+17.6% | 392M+22.9% | 319M-6.4% | 341M+17.8% | 289M+85.8% | ||
| Accounts payable | 22.2M+60.4% | 13.9M-14.2% | 16.2M-2.7% | 16.6M+71.3% | 9.69M+83.4% | |
| Accrued liabilities | 76.7M+32.2% | 58.1M+18.7% | 48.9M-31.1% | 71.0M+44.2% | 49.3M+120.5% | |
| Deferred revenue | 361M+13.4% | 319M+26.4% | 252M+2.9% | 245M+15.3% | 213M+76.1% | |
| Short-term & current debt | 3.00K-89.7% | 29.0K-38.3% | 47.0K-99.8% | 23.3M-10.5% | 26.1M+131.6% | |
| Current lease liability | 1.15M-37.6% | 1.84M-4.1% | 1.92M+15.6% | 1.66M+7.1% | 1.55M+5.3% | |
| 1.13B+10.9% | 1.02B+8.2% | 945M+8.2% | 874M+7.6% | 812M+28.6% | ||
| Long-term debt | 663M+6.0% | 625M+0.6% | 622M+17.4% | 529M+2.1% | 519M+10.0% | |
| Non-current lease liability | — | — | — | 2.96M-6.8% | 3.18M-18.8% | |
| Operating lease liability (total) | — | 2.78M-26.4% | 3.77M-18.4% | 4.62M-2.3% | 4.73M-12.2% | |
| Deferred tax liabilities | 2.22M-37.1% | 3.54M+67.0% | 2.12M | 0.00 | — | |
| Other non-current liabilities | 6.97M+580.5% | 1.02M-47.3% | 1.94M-36.3% | 3.05M+1134.4% | 247K+174.4% | |
| -285M-12.4% | -253M-12.5% | -225M-23.2% | -183M-132.5% | -78.6M-324.8% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 6.00K+0.0% | 6.00K+20.0% | 5.00K+0.0% | 5.00K+0.0% | 5.00K+0.0% | |
| Additional paid-in capital | 127M+15.9% | 109M+12.7% | 97.1M+15.8% | 83.8M+43.4% | 58.5M+21.5% | |
| Retained earnings | -411M-13.4% | -363M-12.6% | -322M-20.9% | -267M-95.3% | -136M-1079.0% | |
| Accumulated other comprehensive income | 0.00-100.0% | 288K | 0.00 | 0.00+100.0% | -634K+60.4% | |
| Total liabilities & equity | 980M+11.8% | 877M+5.5% | 831M+5.5% | 788M-4.8% | 827M+9.2% | |
| Common shares issued | 55.4M+1.7% | 54.5M+2.1% | 53.4M+0.4% | 53.2M+4.7% | 50.8M+1.8% | |
| Common shares outstanding | 55.3M+1.7% | 54.4M+2.0% | 53.3M+0.4% | 53.1M+4.6% | 50.8M+1.9% | |
| Shares outstanding (cover) | 65.3M+19.5% | 54.6M+2.2% | 53.4M+0.5% | 53.2M+4.7% | 50.8M+1.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 112M+20.8% | 92.4M+263.0% | 25.4M+1254.8% | -2.20M-106.8% | 32.5M+135.2% | ||
| Depreciation & amortization | 62.8M+19.5% | 52.6M+12.5% | 46.7M+6.1% | 44.0M+11.4% | 39.5M+23.2% | |
| Intangible amortization | 2.60M+23.8% | 2.10M+16.7% | 1.80M-10.0% | 2.00M+5.3% | 1.90M+18.8% | |
| Share-based compensation | 13.5M+36.9% | 9.83M-29.2% | 13.9M+98.6% | 6.99M+25.7% | 5.56M+133.0% | |
| Deferred income taxes | -1.26M-172.0% | 1.75M-35.6% | 2.72M-50.0% | 5.44M+364.5% | -2.06M+79.0% | |
| -67.3M-52.6% | -44.1M-197.8% | -14.8M+70.2% | -49.6M+56.8% | -115M+26.2% | ||
| Capital expenditure | 47.7M+42.4% | 33.5M+11.9% | 30.0M-21.6% | 38.2M-60.5% | 96.7M-37.8% | |
| Free cash flow | 63.8M+8.5% | 58.8M+1401.1% | -4.52M+88.8% | -40.4M+37.1% | -64.2M+74.1% | |
| Acquisitions | 19.5M+84.9% | 10.6M | 0.00 | 0.00-100.0% | 18.0M | |
| Purchases of investments | — | — | — | 15.0M | 0.00 | |
| 29.6M+249.6% | -19.8M-132.6% | 60.7M+1345.7% | -4.87M-109.7% | 50.4M-85.3% | ||
| Long-term debt issued | 675M | 0.00-100.0% | 275M-23.6% | 360M+483.3% | 61.7M-77.0% | |
| Long-term debt repaid | 635M+1295891.8% | 49.0K-100.0% | 206M-41.7% | 353M+5824.8% | 5.96M+109.6% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 73.6M+155.5% | 28.8M-59.6% | 71.3M+225.9% | -56.7M-78.1% | -31.8M-133.4% | |
| Interest paid | 50.8M+2.7% | 49.4M+13.1% | 43.7M+69.3% | 25.8M+41.4% | 18.3M+11.9% | |
| Income taxes paid | 3.16M+891.8% | 319K-55.1% | 711K+130.1% | 309K+215.3% | 98.0K-86.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 941M+45.3% | 647M+7.6% | 602M+47.0% | 409M-48.4% | 793M-7.2% | |
| P/S | 1.2×+21.5% | 1.0×-6.2% | 1.1×-3.5% | 1.1×-79.4% | 5.4×-48.1% | |
| P/FCF | 14.7×+34.0% | 11.0×-98.2% | 614.6× | — | — | |
| FCF yield | 6.8%-25.3% | 9.1%+5485.4% | 0.16% | — | — | |
| Source filing | 10-K | 10-K | 10-K/A | 10-K | 10-K |
About this data
Source: LIND’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all LIND filings on SEC EDGAR → Not investment advice.