📊 LIND Key Takeaways
Is LIND a Good Investment? Thesis Analysis
Lindblad exhibits extraordinary revenue recovery (+1804.6% YoY) with positive operating cash flow (111.6M), indicating underlying business viability in expedition services. However, negative stockholders equity (-284.5M), liabilities exceeding assets, and liquidity ratios below 1.0 indicate critical balance sheet insolvency requiring debt restructuring. Current shareholders face severe dilution risk without material deleveraging.
Why Buy LIND? Key Strengths
- Massive revenue growth of 1804.6% YoY suggests strong post-pandemic demand recovery in expedition cruise sector
- Positive operating cash flow of 111.6M and free cash flow of 63.8M demonstrate cash-generative underlying business model
- Adequate cash position of 256.7M provides operational runway and reduces immediate liquidity crisis risk
LIND Investment Risks to Consider
- Negative stockholders equity of -284.5M represents technical balance sheet insolvency with liabilities exceeding assets by 120M
- Current ratio of 0.80x and quick ratio of 0.79x below 1.0 indicate acute liquidity stress and potential debt covenant violations
- Net loss of 29.7M despite strong revenues and heavy debt burden of 662.7M suggest unsustainable capital structure requiring restructuring or dilutive equity raise
Key Metrics to Watch
- Debt-to-EBITDA ratio and progress on debt restructuring milestones or refinancing announcements
- Quarterly cash flow conversion and free cash flow margin sustainability amid potential demand volatility
- Stockholders equity recovery trajectory and any covenant amendment or balance sheet recapitalization updates
LIND Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
LIND Profitability Ratios
LIND vs Default Sector
How LINDBLAD EXPEDITIONS HOLDINGS, INC. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is LIND Overvalued or Undervalued?
Based on fundamental analysis, LINDBLAD EXPEDITIONS HOLDINGS, INC. has mixed fundamental signals relative to the Default sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
LIND Balance Sheet & Liquidity
LIND 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: LINDBLAD EXPEDITIONS HOLDINGS, INC.'s revenue has grown significantly by 125% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.94 indicates the company is currently unprofitable.
LIND Growth Metrics (YoY)
LIND Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $206.0M | $1.2M | $0.00 |
| Q2 2025 | $136.5M | -$7.4M | $-0.18 |
| Q1 2025 | $153.6M | $1.2M | $0.00 |
| Q3 2024 | $176.0M | $5.6M | $0.08 |
| Q2 2024 | $124.8M | -$23.8M | $-0.48 |
| Q1 2024 | $143.4M | $621.0K | $-0.01 |
| Q3 2023 | $144.8M | $5.6M | $0.08 |
| Q2 2023 | $90.9M | -$23.8M | $-0.48 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
LIND Capital Allocation
LIND SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for LINDBLAD EXPEDITIONS HOLDINGS, INC. (CIK: 0001512499)
📋 Recent SEC Filings
❓ Frequently Asked Questions about LIND
What is the AI rating for LIND?
LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are LIND's key strengths?
Claude: Massive revenue growth of 1804.6% YoY suggests strong post-pandemic demand recovery in expedition cruise sector. Positive operating cash flow of 111.6M and free cash flow of 63.8M demonstrate cash-generative underlying business model.
What are the risks of investing in LIND?
Claude: Negative stockholders equity of -284.5M represents technical balance sheet insolvency with liabilities exceeding assets by 120M. Current ratio of 0.80x and quick ratio of 0.79x below 1.0 indicate acute liquidity stress and potential debt covenant violations.
What is LIND's revenue and growth?
LINDBLAD EXPEDITIONS HOLDINGS, INC. reported revenue of $771.0M.
Does LIND pay dividends?
LINDBLAD EXPEDITIONS HOLDINGS, INC. does not currently pay dividends.
Where can I find LIND SEC filings?
Official SEC filings for LINDBLAD EXPEDITIONS HOLDINGS, INC. (CIK: 0001512499) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is LIND's EPS?
LINDBLAD EXPEDITIONS HOLDINGS, INC. has a diluted EPS of $-0.63.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is LIND a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, LINDBLAD EXPEDITIONS HOLDINGS, INC. has a SELL rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is LIND stock overvalued or undervalued?
Valuation metrics for LIND: ROE of N/A (sector avg: 15%), net margin of -3.9% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy LIND stock in 2026?
Our dual AI analysis gives LINDBLAD EXPEDITIONS HOLDINGS, INC. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is LIND's free cash flow?
LINDBLAD EXPEDITIONS HOLDINGS, INC.'s operating cash flow is $111.6M, with capital expenditures of $47.7M. FCF margin is 8.3%.
How does LIND compare to other Default stocks?
Vs Default sector averages: Net margin -3.9% (avg: 12%), ROE N/A (avg: 15%), current ratio 0.80 (avg: 1.8).