Quarterly ResultMay 5, 2026, 07:52 AM
Lindblad Q1 Revenue +16% to $208M; Net Income $6M; EBITDA +16%
AI Summary
Lindblad Expeditions Holdings, Inc. reported strong first-quarter 2026 financial results, with total revenue increasing 16% to $208.0 million and net income available to stockholders reaching $6.0 million. Adjusted EBITDA also grew 16% to $34.8 million, driven by record occupancy and higher yields. The company reaffirmed its full-year 2026 outlook for tour revenues of $800 - $850 million and Adjusted EBITDA of $130 - $140 million, and continues its $35.0 million stock repurchase plan.
Key Highlights
- Total revenue increased 16% to $208.0 million in Q1 2026.
- Net income available to stockholders was $6.0 million ($0.09 per diluted share).
- Adjusted EBITDA rose 16% to $34.8 million.
- Lindblad segment tour revenues increased 16% to $152.5 million.
- Land Experiences segment tour revenues increased 14% to $55.5 million.
- Occupancy reached a record 93%, up from 89% in Q1 2025.
- Full-year 2026 tour revenue guidance is $800 - $850 million.
- $12.0 million remains under the $35.0 million stock repurchase plan.