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Lindblad Expeditions Holdings, Inc. provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segments. The Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities. The Land Experiences segment comprises natural habitats, which provides various expedition itineraries in more than 45 countries across seven continents, with eco-conscious expeditions and nature-focused, and small-group tours including polar bear tours and bear adventure; and DuVine provides intimate group cycling and adventure tours around the world with local cycling experts as guides in local cultural, cuisine, and accommodations. This segment also offers off the beaten path, including small group travel, led by local, and experienced guides with focus on wildlife, hiking national parks, and culture; and classic journey, a curated active small-group and private custom journeys centered around cinematic walks led by expert local guides over 50 countries across the world. In addition, it collaborates with National Geographic on expedition planning and to enhance the guest experience by having National Geographic experts, including photographers, writers, marine biologists, naturalists, field researchers and film crews; and partnered with World Wildlife Fund to offer conservation travel. Lindblad Expeditions Holdings, Inc. was founded in 1979 and is headquartered in New York, New York.
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| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -21.75M | -25.09M | -37.73M | -102.08M | -121.19M |
| Minority interest | -5.50M | -2.98M | -3.96M | -3.22M | -0.04M |
| Net income | -29.72M | -31.18M | -45.61M | -108.16M | -119.17M |
| Selling general administrative | 129.98M | 139.92M | 118.43M | 96.29M | 65.44M |
| Selling and marketing expenses | 114.72M | 87.02M | 71.43M | 61.00M | 28.48M |
| Gross profit | 290.18M | 301.05M | 247.17M | 138.28M | 22.62M |
| Reconciled depreciation | 64.53M | 53.49M | 44.96M | 44.04M | 39.55M |
| Ebit | 23.48M | 20.65M | 7.28M | -63.05M | -110.83M |
| Ebitda | 86.30M | 74.14M | 54.80M | -19.31M | -55.80M |
| Depreciation and amortization | 62.82M | 53.49M | 47.51M | 43.73M | 55.03M |
| Non operating income net other | - | - | - | -1.54M | 14.22M |
| Operating income | 45.49M | 21.55M | 10.60M | -63.05M | -110.83M |
| Other operating expenses | 725.53M | 623.17M | 558.94M | 484.55M | 257.94M |
| Interest expense | 45.23M | 45.74M | 45.01M | 37.49M | 24.58M |
| Tax provision | 2.48M | 3.10M | 7.04M | 6.08M | -2.02M |
| Net interest income | -45.23M | -45.74M | -44.59M | -37.49M | -24.58M |
| Income tax expense | 2.48M | 3.10M | 3.15M | 6.08M | -2.02M |
| Total revenue | 771.02M | 644.73M | 569.54M | 421.50M | 147.11M |
| Total operating expenses | 244.69M | 279.50M | 236.57M | 201.33M | 133.45M |
| Cost of revenue | 480.84M | 343.67M | 322.38M | 283.22M | 124.48M |
| Total other income expense net | -67.24M | -46.64M | -48.33M | -39.04M | -10.36M |
| Net income from continuing ops | -24.23M | -28.20M | -46.42M | -108.16M | -119.17M |
| Net income applicable to common shares | - | - | - | -116.05M | -124.67M |
| Preferred stock and other adjustments | - | - | - | 4.67M | 5.46M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 979.96M | 876.90M | 831.30M | 787.98M | 827.49M |
| Intangible assets | 16.60M | 15.92M | 9.41M | 11.22M | 13.23M |
| Other current assets | 111.19M | 94.49M | 51.72M | 41.78M | 27.09M |
| Total liab | 1133.46M | 1022.44M | 945.06M | 873.62M | 811.55M |
| Total stockholder equity | -201.45M | -174.96M | -151.55M | -113.53M | 5.32M |
| Other current liab | 76.73M | 58.05M | 48.90M | 54.42M | 39.56M |
| Common stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M |
| Capital stock | 83.08M | 78.16M | 73.52M | 69.15M | 83.91M |
| Retained earnings | -411.40M | -362.88M | -322.21M | -266.53M | -136.44M |
| Other liab | - | - | - | 0.09M | 0.25M |
| Good will | 60.61M | 59.03M | 42.02M | 42.02M | 42.02M |
| Other assets | - | - | - | 7.67M | 1427.40M |
| Cash | 256.69M | 183.94M | 187.34M | 87.18M | 150.75M |
| Total current liabilities | 461.59M | 392.45M | 319.22M | 341.12M | 289.46M |
| Current deferred revenue | 361.48M | 318.67M | 252.20M | 245.10M | 212.60M |
| Net debt | 407.13M | 443.36M | 436.40M | 470.24M | 398.70M |
| Short term debt | 1.15M | 1.87M | 1.97M | 25.00M | 27.61M |
| Short long term debt | 0.00M | 0.03M | 0.05M | 23.34M | 26.06M |
| Short long term debt total | 663.83M | 627.30M | 623.75M | 557.41M | 549.45M |
| Other stockholder equity | 126.87M | 109.47M | 97.14M | 83.85M | 58.48M |
| Property plant equipment | - | - | - | 539.41M | 546.82M |
| Total current assets | 367.88M | 278.43M | 244.50M | 183.32M | 210.34M |
| Net tangible assets | - | - | - | -127.66M | -133.84M |
| Short term investments | - | - | 0.00M | 13.59M | - |
| Net receivables | - | - | - | 28.85M | 21.94M |
| Long term debt | 662.67M | 625.42M | 621.78M | 529.45M | 518.66M |
| Inventory | - | - | 5.44M | 11.93M | 10.55M |
| Accounts payable | 22.23M | 13.86M | 16.15M | 16.60M | 9.69M |
| Accumulated other comprehensive income | - | 0.29M | -0.00M | - | -0.63M |
| Common stock total equity | - | - | - | 0.01M | 0.01M |
| Retained earnings total equity | - | - | - | -266.53M | -136.44M |
| Non currrent assets other | 12.75M | 5.13M | 7.76M | 5.50M | 7.47M |
| Non current assets total | 612.08M | 598.47M | 586.79M | 604.66M | 617.15M |
| Capital lease obligations | 1.15M | 1.84M | 1.92M | 4.62M | 4.73M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 0.00M | -44.08M | -27.59M | -49.59M | -114.72M |
| Change to liabilities | - | - | - | 21.37M | 109.23M |
| Total cashflows from investing activities | -67.27M | -44.08M | -14.80M | -49.59M | -114.72M |
| Net borrowings | 39.96M | -0.05M | 69.30M | -3.81M | 55.76M |
| Total cash from financing activities | 29.56M | -19.77M | 60.68M | -4.87M | 50.41M |
| Change to operating activities | - | - | - | -15.58M | -3.40M |
| Net income | -24.23M | -28.20M | -40.88M | -108.16M | -119.17M |
| Change in cash | 73.59M | 28.80M | 71.32M | -56.67M | -31.82M |
| Begin period cash flow | 216.14M | 187.34M | 116.02M | 172.69M | 204.51M |
| End period cash flow | 289.74M | 216.14M | 187.34M | 116.02M | 172.69M |
| Total cash from operating activities | 111.58M | 92.36M | 25.44M | -2.20M | 32.49M |
| Issuance of capital stock | - | - | - | 0.00M | 0.00M |
| Depreciation | 64.53M | 53.49M | 47.51M | 44.04M | 39.55M |
| Other cashflows from investing activities | - | - | 15.16M | 3.61M | -18.04M |
| Dividends paid | - | 4.64M | 4.67M | -4.67M | -1.71M |
| Change to inventory | - | - | 2.13M | -1.37M | -2.91M |
| Change to account receivables | - | - | - | - | 21.14M |
| Sale purchase of stock | - | -2.97M | -1.13M | - | -0.13M |
| Other cashflows from financing activities | -13.19M | -16.74M | -7.49M | 352.74M | 56.36M |
| Change to netincome | - | - | - | 22.56M | 6.03M |
| Capital expenditures | 47.74M | 33.52M | 29.96M | 38.20M | 96.69M |
| Cash flows other operating | - | - | - | 16.69M | 74.43M |
| Cash and cash equivalents changes | - | - | - | -56.67M | -31.82M |
| Change in working capital | 49.69M | 50.45M | -4.29M | 36.08M | 102.92M |
| Stock based compensation | 13.46M | 9.83M | 13.89M | 6.99M | 5.56M |
| Other non cash items | 9.38M | 4.73M | 6.49M | 13.36M | 4.47M |
| Free cash flow | 63.84M | 58.84M | -4.52M | -40.41M | -64.19M |
Sector: Consumer Cyclical Industry: Travel Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| LIND Lindblad Expeditions Holdings Inc |
1.02 3.00% |
35.00 | - | 65.36 | 2.06 | 159.80 | 2.48 | 19.53 |
| BKNG Booking Holdings Inc |
0.85 0.53% |
161.52 | 28.83 | 17.92 | 5.61 | 34.95 | 5.73 | 16.72 |
| ABNB Airbnb Inc |
1.92 1.01% |
191.91 | 38.87 | 28.99 | 7.66 | 12.90 | 6.92 | 32.32 |
| RCL Royal Caribbean Cruises Ltd |
10.52 3.22% |
337.68 | 15.40 | 12.39 | 3.57 | 6.67 | 4.87 | 12.36 |
| TCOM Trip.com Group Ltd ADR |
-0.58 1.32% |
43.78 | 23.73 | 16.29 | 0.91 | 2.30 | 5.84 | 18.29 |
Lindblad Expeditions Holdings, Inc. provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segments. The Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities. The Land Experiences segment comprises natural habitats, which provides various expedition itineraries in more than 45 countries across seven continents, with eco-conscious expeditions and nature-focused, and small-group tours including polar bear tours and bear adventure; and DuVine provides intimate group cycling and adventure tours around the world with local cycling experts as guides in local cultural, cuisine, and accommodations. This segment also offers off the beaten path, including small group travel, led by local, and experienced guides with focus on wildlife, hiking national parks, and culture; and classic journey, a curated active small-group and private custom journeys centered around cinematic walks led by expert local guides over 50 countries across the world. In addition, it collaborates with National Geographic on expedition planning and to enhance the guest experience by having National Geographic experts, including photographers, writers, marine biologists, naturalists, field researchers and film crews; and partnered with World Wildlife Fund to offer conservation travel. Lindblad Expeditions Holdings, Inc. was founded in 1979 and is headquartered in New York, New York.
11 West 42nd Street, New York, NY, United States, 10036
212 261 9000
1440
| Name | Title | Year Born |
|---|---|---|
| Mr. Sven-Olof Lindblad | Founder & Co-Chair | 1951 |
| Mr. Dolf A. Berle | Pres, CEO & Director | 1964 |
| Mr. Craig I. Felenstein | Chief Financial Officer | 1973 |
| Mr. Dean Byus III | Chief Expedition Officer | 1969 |
| Mr. Benjamin L. Bressler | Pres of Natural Habitat, Inc. | 1964 |
| Mr. Alexis Freeman | Gen. Counsel | NA |
| Patty Disken-Cahill | Director of Communications | NA |
| Ms. Jacinta McEvoy | VP of Global Sales | NA |
| Ms. Pamela Fingleton | Sr. VP & Assistant to CEO | 1941 |
| Mr. J. Tyler Skarda | Sr. VP of Marine Operations | 1965 |
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