📊 LIND Key Takeaways
Is Lindblad Expeditions Holdings, Inc.. (LIND) a Good Investment?
Lindblad exhibits strong operational recovery with exceptional +1804.6% revenue growth and healthy free cash flow generation ($42.6M), demonstrating resilient post-pandemic demand for expedition services. However, critical solvency concerns including negative stockholders' equity of -$190.1M, current ratio of 0.81x, and declining net income (-43% YoY) despite revenue surge indicate severe capital structure distress and earnings quality deterioration that outweigh operational improvements.
Lindblad is exhibiting a strong operational rebound with positive operating income and solid free cash flow, suggesting improving unit economics after a depressed prior year. That said, negative shareholders’ equity, high leverage, and sub-1.0 liquidity keep risk elevated while net income remains negative. Maintain a neutral stance pending sustained margin expansion and clear deleveraging progress.
Lindblad Expeditions Holdings, Inc.. Key Strengths (LIND)
- Exceptional revenue growth of 1804.6% YoY indicating strong market demand recovery
- Industry-leading 75% gross margin demonstrates pricing power and operational efficiency
- Positive free cash flow of $42.6M with 20.5% FCF margin shows cash generation capability
- Substantial cash position of $275M provides liquidity runway for operations
- Sharp revenue recovery with positive operating income
- Consistent positive free cash flow (8.3% FCF margin)
- Meaningful cash balance providing near-term flexibility
LIND Stock Risks: Lindblad Expeditions Holdings, Inc.. Investment Risks
- Negative stockholders' equity of -$190.1M represents technical insolvency on book basis
- Current ratio of 0.81x indicates insufficient current assets to cover short-term liabilities
- Net income declined 43% YoY despite massive revenue growth signaling earnings quality concerns
- High debt load of $663.2M with minimal profitability (3.1% net margin) creates refinancing risk
- Negative equity and high leverage increase financial risk
- Sub-1.0 current ratio signals tight liquidity
- Net losses persist; rebound may be base-effect driven
Key Metrics to Watch
- Stockholders equity trajectory toward positive territory
- Current ratio improvement above 1.0x for liquidity stability
- Net income stabilization and growth acceleration
- Debt reduction and refinancing capability
- Operating margin expansion through cost management
- Operating margin sustainability
- Net leverage/long-term debt reduction
Lindblad Expeditions Holdings, Inc.. (LIND) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 20.5% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
LIND Profit Margin, ROE & Profitability Analysis
LIND vs Transportation Sector: How Lindblad Expeditions Holdings, Inc.. Compares
How Lindblad Expeditions Holdings, Inc.. compares to Transportation sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Lindblad Expeditions Holdings, Inc.. Stock Overvalued? LIND Valuation Analysis 2026
Based on fundamental analysis, Lindblad Expeditions Holdings, Inc.. has mixed fundamental signals relative to the Transportation 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.
Lindblad Expeditions Holdings, Inc.. Balance Sheet: LIND Debt, Cash & Liquidity
LIND Revenue & Earnings Growth: 5-Year Financial Trend
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 Revenue Growth, EPS Growth & YoY Performance
LIND Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $179.7M | $1.2M | $0.00 |
| 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 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Lindblad Expeditions Holdings, Inc.. Dividends, Buybacks & Capital Allocation
LIND SEC Filings: Latest 10-K & 10-Q 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 a Combined AI Grade of C from Claude (C) and ChatGPT (B) with 65% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are LIND's key strengths?
Claude: Exceptional revenue growth of 1804.6% YoY indicating strong market demand recovery. Industry-leading 75% gross margin demonstrates pricing power and operational efficiency. ChatGPT: Sharp revenue recovery with positive operating income. Consistent positive free cash flow (8.3% FCF margin).
What are the risks of investing in LIND?
Claude: Negative stockholders' equity of -$190.1M represents technical insolvency on book basis. Current ratio of 0.81x indicates insufficient current assets to cover short-term liabilities. ChatGPT: Negative equity and high leverage increase financial risk. Sub-1.0 current ratio signals tight liquidity.
What is LIND's revenue and growth?
Lindblad Expeditions Holdings, Inc.. reported revenue of $208.0M.
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 $0.09.
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 grade reflects both perspectives for balanced insights.
What is LIND's fundamental grade?
Based on our AI fundamental analysis in May 2026, Lindblad Expeditions Holdings, Inc.. has a C grade with 65% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is LIND stock overvalued or undervalued?
Valuation metrics for LIND: ROE of N/A (sector avg: 18%), net margin of 3.1% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
What is LIND's AI grade for 2026?
Our dual AI analysis gives Lindblad Expeditions Holdings, Inc.. a combined C grade 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 $49.5M, with capital expenditures of $6.9M. FCF margin is 20.5%.
How does LIND compare to other Transportation stocks?
Vs Transportation sector averages: Net margin 3.1% (avg: 10%), ROE N/A (avg: 18%), current ratio 0.81 (avg: 1).