Lindblad Expeditions Holdings, Inc. income statement

In fiscal 2025, Lindblad Expeditions Holdings, Inc. reported revenue of $771m, up 19.6% on the year before, operating income of $45.5m (a 5.9% margin) and net income of −$29.7m, or −$0.63 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Lindblad Expeditions Holdings, Inc.: income statement, annual
Fiscal year	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	192	198	210	242	267	310	343	82	147	422	570	645	771	831
Cost of revenue	97	90	95	119	136	154	167	73	124	283	338	363	418	443
Gross profit	96	108	115	123	131	156	176	9	23	138	231	282	353	387
Selling and marketing	30	31	35	39	42	47	55	20	28	61	71	87	115	128
General and administrative	30	36	39	52	61	63	63	46	65	96	103	121	130	132
Operating income	24	30	16	14	11	25	33	−88	−111	−63	11	22	45	58
Interest expense	0	0	—	—	—	—	—	—	—	—	—	—	—	—
Net interest income	−8	−5	−11	−10	−10	−11	−12	−17	−25	−37	−45	−46	−45	−43
Provision for credit losses	—	—	—	—	—	—	0	0	0	—	—	—	—	—
Income before tax	17	25	17	2	2	12	21	−110	−121	−102	−38	−25	−22	−9
Income tax	2	3	−3	−3	10	1	2	−10	−2	6	3	3	2	4
Net income	15	22	20	5	−9	11	16	−99	−119	−111	−46	−31	−30	−17
Diluted EPS	−$0.02	$0.06	$0.43	$0.10	−$0.19	$0.24	$0.28	−$2.01	−$2.41	−$2.23	−$0.94	−$0.67	−$0.63	−$0.29
Diluted shares (average)	41m	43m	46m	46m	45m	46m	49m	50m	50m	52m	53m	54m	55m	59m
EBITDA	35	41	27	31	28	46	59	−56	−71	−19	57	74	108	127

US$ millions unless shown otherwise. Fiscal quarters.

Lindblad Expeditions Holdings, Inc.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	206	149	180	168	240	183	208	199
Cost of revenue	110	85	93	91	124	109	107	103
Gross profit	96	63	87	77	116	74	101	97
Selling and marketing	25	21	28	26	30	30	36	32
General and administrative	29	35	33	31	35	31	32	34
Operating income	29	−8	11	4	36	−6	16	12
Net interest income	−11	−12	−12	−12	−11	−11	−11	−10
Income before tax	18	−20	−0	−6	2	−17	5	1
Income tax	−7	5	−1	1	−3	6	−1	1
Net income	23	−25	1	−9	1	−24	7	−1
Diluted EPS	$0.36	−$0.49	$0.00	−$0.18	$0.00	−$0.45	$0.09	−$0.02
EBITDA	42	7	26	19	51	12	33	30

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Lindblad Expeditions Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Lindblad Expeditions Holdings, Inc.