Lindblad Expeditions Holdings, Inc. (LIND) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	830.6M	771.0M	644.7M	569.5M	421.5M
Cost of Revenue	542.1M	480.8M	343.7M	322.4M	283.2M
Gross Profit	288.5M	290.2M	301.1M	247.2M	138.3M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	260.4M	244.7M	226.9M	189.9M	157.3M
General & Admin Expense	132.4M	130.0M	139.9M	118.4M	96.3M
Selling & Marketing Expense	128.0M	114.7M	87.0M	71.4M	61.0M
Other Expenses	(30.0M)	—	52.6M	46.7M	44.0M
Total Operating Expenses	230.5M	244.7M	279.5M	236.6M	201.3M
Cost and Expenses	772.6M	725.5M	623.2M	558.9M	484.5M
Operating Income (EBIT)	58.0M	45.5M	21.6M	10.6M	(63.0M)
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	43.1M	45.2M	45.7M	45.0M	37.5M
Net Interest Income	(43.1M)	(45.2M)	(45.7M)	(45.0M)	(37.5M)
Other Non-Op Income/Expense	(67.0M)	(67.2M)	(46.6M)	(48.3M)	(39.0M)
Non-Operating Income (excl Interest)	23.9M	22.0M	906.0K	3.3M	1.5M
EBT (Pre-Tax Income)	(8.9M)	(21.8M)	(25.1M)	(37.7M)	(102.1M)
Income Tax Expense	3.6M	2.5M	3.1M	3.1M	6.1M
Bottom Line
Net Income	(17.3M)	(29.7M)	(31.2M)	(45.6M)	(111.4M)
Earnings from Cont. Ops	(12.6M)	(24.2M)	(28.2M)	(40.9M)	(108.2M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(20.3M)	(29.7M)	(35.8M)	(50.0M)	(116.1M)
Per Share
Basic EPS	($0.37)	($0.63)	($0.67)	($0.94)	($2.23)
Diluted EPS	($0.37)	($0.63)	($0.67)	($0.94)	($2.23)
Revenue Per Share	$12.69	$14.03	$11.98	$10.69	$8.10
Shares
Basic Shares Outstanding	65.5M	55.0M	53.8M	53.3M	52.0M
Diluted Shares Outstanding	65.5M	55.0M	53.8M	53.3M	52.0M
Profitability Metrics
EBITDA	103.7M	86.3M	74.1M	54.8M	(19.9M)
D&A	69.6M	62.8M	53.5M	47.5M	44.6M
EBIT	34.1M	23.5M	20.6M	7.3M	(64.6M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026