LINDBLAD EXPEDITIONS HOLDINGS INC (LIND)
Consumer Discretionary · Premium expedition travel and adventure cruise lines · NASDAQ
Lindblad operates intimate, small-ship expedition voyages to remote destinations like Antarctica, the Arctic, and the Galápagos, partnered with National Geographic to deliver premium nature-based travel experiences.
What LINDBLAD EXPEDITIONS HOLDINGS INC does
Lindblad Expeditions Holdings operates expedition-based travel experiences through a fleet of small, customized vessels designed to access remote and exotic destinations where larger cruise ships cannot venture. The company offers marine-based expeditions to destinations including Antarctica, the Arctic, Galápagos Islands, and Alaska, as well as land-based adventure travel through brands including Natural Habitat, Off the Beaten Path, DuVine, Classic Journeys, and Thomson Group. The company maintains a strategic partnership with National Geographic (extended through 2040) for co-selling, co-marketing, and branded expedition offerings. Lindblad targets affluent travelers aged 50 and older seeking premium, curated nature and culture experiences.
Themes: ["Experiential travel / adventure tourism","Luxury small-ship cruising","Nature and wildlife tourism","Polar and remote destination exploration","Sustainable / eco-tourism","National Geographic partnerships"]
Fundamentals
- Price$26.14 as of 2026-07-09 close
- Market cap$1.7B as of 2026-07-10
- 1-year return+98.6% as of 2026-07-09 close
- Net margin-3.0% as of 2026-07-10
- Gross margin+46.0% as of 2026-07-10
- ROE-266.5% as of 2026-07-10
- Debt / equity102.43 as of 2026-07-10
- Revenue growth (YoY)+19.1% as of 2026-07-10
- Revenue CAGR (3y)+10.3% SEC XBRL
- Beta2.26 as of 2026-07-10
Key risks (from latest filing)
["High debt levels ($663.2 million in long-term debt as of Q1 2026) combined with unprofitability (-3.05% net margin) create financial leverage risk and liquidity constraints.","Geographic and seasonal concentration in polar regions (Antarctica, Arctic) and limited-access destinations exposes the company to weather disruptions, port closures, and regulatory changes affecting remote travel operations.","Heavy dependence on affluent consumer discretionary spending makes the business vulnerable to economic downturns, travel demand shocks, and shifts in consumer preferences away from premium travel experiences."]
Competitors & peers
- Regent Seven Seas Cruises
- Seabourn Cruise Line
- Ponant
- Hurtigruten
- Abercrombie & Kent
- Silversea Cruises
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.