Lindblad Expeditions Reports Record Q1 2026 Results with 93% Occupancy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
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Should l Buy LIND?
Source: PRnewswire
- Record Occupancy: Lindblad achieved a historic occupancy rate of 93% in Q1 2026, reflecting the company's strong market execution in a complex macro and geopolitical environment, thereby enhancing its competitive edge in the expedition travel sector.
- Tour Revenue Growth: The company reported tour revenues of $208 million for the first quarter, a 16% increase year-over-year, with the Lindblad segment contributing $152.5 million, primarily driven by a rise in net yield per available guest night to $1,631, showcasing successful pricing and demand strategies.
- Net Income Turnaround: Lindblad posted a net income of $6 million, or $0.09 per diluted share, marking a significant improvement from a net loss in Q1 2025, primarily due to higher operating results and lower interest expenses, indicating a continued strengthening of the company's financial health.
- Adjusted EBITDA Increase: The adjusted EBITDA reached $34.8 million, up 16% year-over-year, with the Lindblad segment contributing $27.9 million, demonstrating effective cost control and revenue enhancement measures that lay a solid foundation for future growth.
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Analyst Views on LIND
Wall Street analysts forecast LIND stock price to fall
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 21.150
Low
18.00
Averages
19.00
High
20.00
Current: 21.150
Low
18.00
Averages
19.00
High
20.00
About LIND
Lindblad Expeditions Holdings, Inc. is an experiential travel operating company. The Company operates in two segments: Lindblad and Land Experiences. Lindblad provides ship-based expeditions and Land Experiences provides active, land-based trips, tours, treks and safari adventures. The Lindblad segment consists primarily of ship-based expeditions aboard customized, nimble and intimately scaled vessels that are designed for discovery. The Land Experiences segment consists of its primarily land-based adventure brands, providing tours, trips, safaris and journeys centered around nature and culture. The Land Experiences brands are Natural Habitat Adventures, Off the Beaten Path, DuVine Cycling + Adventure Co., Classic Journeys, and Wineland-Thomson Adventures, in addition to its expedition cruises. Together, these brands connect travelers with some of the planet’s natural and cultural landscapes, fostering a deep appreciation for the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Lindblad Expeditions Reports Record Q1 2026 Earnings Amid Challenges
- Strong Performance: Lindblad Expeditions reported Q1 2026 revenues of $208 million, reflecting a 15.7% increase compared to Q1 2025, demonstrating the company's ability to maintain robust market performance amid a complex macro environment.
- Record Occupancy Rates: The first quarter saw a record occupancy rate of 93%, with a 6% increase in capacity leading to a net yield of $1,631 per guest night, enhancing the company's profitability and competitive position in the market.
- Cost and Risk Management: Despite facing multimillion-dollar losses from cancellations in the Antarctica flight program and Egyptian river cruises, the company is mitigating external risks through increased demand generation spending and operational optimizations, ensuring strong booking momentum for 2026 and 2027.
- Future Outlook: The company maintains its guidance for 2026 revenues between $800 million and $850 million, with adjusted EBITDA expected in the range of $130 million to $140 million, reflecting management's confidence in future growth and sustained market demand.
See More
Lindblad Expeditions Q1 Earnings Beat Expectations
- Earnings Surprise: Lindblad Expeditions reported a Q1 GAAP EPS of $0.09, beating expectations by $0.08, indicating a significant improvement in profitability and enhancing the company's competitive position in the market.
- Significant Revenue Growth: The company achieved Q1 revenue of $208.01 million, a 15.7% year-over-year increase that surpassed expectations by $10.13 million, primarily driven by a $21.4 million increase in the Lindblad segment and a $6.9 million increase in the Land Experiences segment, showcasing successful business diversification.
- Land Experiences Revenue Boost: The Land Experiences segment generated $55.5 million in tour revenues, up 14% year-over-year, mainly due to higher pricing and itinerary changes, reflecting sustained consumer demand for premium travel products and further solidifying the company's market position.
- Optimistic Future Outlook: The company anticipates 2026 tour revenues between $800 million and $850 million, with adjusted EBITDA projected at $130 million to $140 million, reflecting confidence in future growth and an accelerating booking momentum.
See More
Lindblad Expeditions Reports Record Q1 2026 Results with 93% Occupancy
- Record Occupancy: Lindblad achieved a historic occupancy rate of 93% in Q1 2026, reflecting the company's strong market execution in a complex macro and geopolitical environment, thereby enhancing its competitive edge in the expedition travel sector.
- Tour Revenue Growth: The company reported tour revenues of $208 million for the first quarter, a 16% increase year-over-year, with the Lindblad segment contributing $152.5 million, primarily driven by a rise in net yield per available guest night to $1,631, showcasing successful pricing and demand strategies.
- Net Income Turnaround: Lindblad posted a net income of $6 million, or $0.09 per diluted share, marking a significant improvement from a net loss in Q1 2025, primarily due to higher operating results and lower interest expenses, indicating a continued strengthening of the company's financial health.
- Adjusted EBITDA Increase: The adjusted EBITDA reached $34.8 million, up 16% year-over-year, with the Lindblad segment contributing $27.9 million, demonstrating effective cost control and revenue enhancement measures that lay a solid foundation for future growth.
See More
Lindblad Expeditions Projects FY Tour Revenue Between USD 800-850 Million
- Revenue Outlook: The article discusses the projected revenue outlook for the company, indicating a target of $800-850 million.
- Market Trends: It highlights current market trends that may impact revenue generation and overall business performance.
See More
LINDBLAD EXPEDITIONS REPORTS Q1 NET INCOME OF $6 MILLION
- Company Overview: Lindblad Expeditions reported a net income of USD 6 million for the first quarter.
- Financial Performance: The financial results indicate a positive trend in the company's profitability during this period.
See More
2026 Grosvenor Teacher Fellowship Cohort Announced
- New Educator Cohort: The 2026 Grosvenor Teacher Fellowship introduces 36 educators from North America, marking the program's 20th anniversary and aiming to cultivate future planetary stewards through global expeditions that enhance educational quality.
- Global Expedition Opportunities: This year's fellows will travel to the Arctic, Europe, Galápagos, and other locations aboard state-of-the-art National Geographic-Lindblad Expeditions vessels, deepening their geographic knowledge and bringing it back to their classrooms.
- Diverse Backgrounds: The cohort includes educators from 22 U.S. states and three Canadian provinces, boasting over 570 years of combined teaching experience across various subjects, showcasing the diversity and broad impact of the educators involved.
- Future Outlook: Applications for the 2027 Grosvenor Teacher Fellowship will open this fall, continuing to attract more educators and promoting global educational innovation and environmental stewardship.
See More
Lindblad Expeditions Reports Record Q1 2026 Earnings Amid Challenges
- Strong Performance: Lindblad Expeditions reported Q1 2026 revenues of $208 million, reflecting a 15.7% increase compared to Q1 2025, demonstrating the company's ability to maintain robust market performance amid a complex macro environment.
- Record Occupancy Rates: The first quarter saw a record occupancy rate of 93%, with a 6% increase in capacity leading to a net yield of $1,631 per guest night, enhancing the company's profitability and competitive position in the market.
- Cost and Risk Management: Despite facing multimillion-dollar losses from cancellations in the Antarctica flight program and Egyptian river cruises, the company is mitigating external risks through increased demand generation spending and operational optimizations, ensuring strong booking momentum for 2026 and 2027.
- Future Outlook: The company maintains its guidance for 2026 revenues between $800 million and $850 million, with adjusted EBITDA expected in the range of $130 million to $140 million, reflecting management's confidence in future growth and sustained market demand.
See More
Lindblad Expeditions Q1 Earnings Beat Expectations
- Earnings Surprise: Lindblad Expeditions reported a Q1 GAAP EPS of $0.09, beating expectations by $0.08, indicating a significant improvement in profitability and enhancing the company's competitive position in the market.
- Significant Revenue Growth: The company achieved Q1 revenue of $208.01 million, a 15.7% year-over-year increase that surpassed expectations by $10.13 million, primarily driven by a $21.4 million increase in the Lindblad segment and a $6.9 million increase in the Land Experiences segment, showcasing successful business diversification.
- Land Experiences Revenue Boost: The Land Experiences segment generated $55.5 million in tour revenues, up 14% year-over-year, mainly due to higher pricing and itinerary changes, reflecting sustained consumer demand for premium travel products and further solidifying the company's market position.
- Optimistic Future Outlook: The company anticipates 2026 tour revenues between $800 million and $850 million, with adjusted EBITDA projected at $130 million to $140 million, reflecting confidence in future growth and an accelerating booking momentum.
See More
Lindblad Expeditions Reports Record Q1 2026 Results with 93% Occupancy
- Record Occupancy: Lindblad achieved a historic occupancy rate of 93% in Q1 2026, reflecting the company's strong market execution in a complex macro and geopolitical environment, thereby enhancing its competitive edge in the expedition travel sector.
- Tour Revenue Growth: The company reported tour revenues of $208 million for the first quarter, a 16% increase year-over-year, with the Lindblad segment contributing $152.5 million, primarily driven by a rise in net yield per available guest night to $1,631, showcasing successful pricing and demand strategies.
- Net Income Turnaround: Lindblad posted a net income of $6 million, or $0.09 per diluted share, marking a significant improvement from a net loss in Q1 2025, primarily due to higher operating results and lower interest expenses, indicating a continued strengthening of the company's financial health.
- Adjusted EBITDA Increase: The adjusted EBITDA reached $34.8 million, up 16% year-over-year, with the Lindblad segment contributing $27.9 million, demonstrating effective cost control and revenue enhancement measures that lay a solid foundation for future growth.
See More
Lindblad Expeditions Projects FY Tour Revenue Between USD 800-850 Million
- Revenue Outlook: The article discusses the projected revenue outlook for the company, indicating a target of $800-850 million.
- Market Trends: It highlights current market trends that may impact revenue generation and overall business performance.
See More
LINDBLAD EXPEDITIONS REPORTS Q1 NET INCOME OF $6 MILLION
- Company Overview: Lindblad Expeditions reported a net income of USD 6 million for the first quarter.
- Financial Performance: The financial results indicate a positive trend in the company's profitability during this period.
See More
2026 Grosvenor Teacher Fellowship Cohort Announced
- New Educator Cohort: The 2026 Grosvenor Teacher Fellowship introduces 36 educators from North America, marking the program's 20th anniversary and aiming to cultivate future planetary stewards through global expeditions that enhance educational quality.
- Global Expedition Opportunities: This year's fellows will travel to the Arctic, Europe, Galápagos, and other locations aboard state-of-the-art National Geographic-Lindblad Expeditions vessels, deepening their geographic knowledge and bringing it back to their classrooms.
- Diverse Backgrounds: The cohort includes educators from 22 U.S. states and three Canadian provinces, boasting over 570 years of combined teaching experience across various subjects, showcasing the diversity and broad impact of the educators involved.
- Future Outlook: Applications for the 2027 Grosvenor Teacher Fellowship will open this fall, continuing to attract more educators and promoting global educational innovation and environmental stewardship.
See More
