PRSU News & Events

Reports Q4 revenue $57.1M, consensus $57.9M. "2025 was a defining year for Pursuit, marking our first full year as a standalone company with record revenue and Adjusted EBITDA, strong execution, and portfolio transformation," said David Barry, Pursuit president and chief executive officer. "We strengthened our balance sheet, sharpened our strategic focus, and advanced our ambition to own and operate iconic attractions and hospitality experiences in the world's most sought-after destinations. Through disciplined capital allocation, we invested in high-return growth opportunities, expanded into a new global market, repurchased shares at attractive valuations and recently announced an agreement to sell non-core assets. With a high-quality collection of experiential infrastructure that enables our guests to access and experience iconic natural places, an experienced world class team, enhanced financial strength, and a robust pipeline for our proven Refresh, Build, Buy investment strategy, we're confident in our ability to build on this momentum and drive meaningful growth into 2026 and beyond."

Sees FY26 adjusted EBITDA $123M-$133M.

2030 Revenue Target: greater than $845 million, reflecting continued double-digit compounded annual revenue growth through 2030 excluding Flyover. 2030 Adjusted EBITDA Target*: greater than $265 million, more than 2.3 times 2025 Adjusted EBITDA excluding Flyover through a combination of baseline growth in the business, organic growth investments and strategic acquisitions.

Pursuit entered into a definitive agreement to sell Flyover to Brogent Technologies for approximately $78.4M, subject to customary adjustments, which represents a multiple of approximately 15 times Flyover's estimated 2025 Adjusted EBITDA contribution. The transaction is expected to close this spring, pending regulatory approvals and customary closing conditions. Flyover will continue to operate as part of Pursuit until the transaction closes, allowing management and Brogent to deliver a successful transition.