LIND
Lindblad Expeditions Holdings, Inc. Industrials Transportation Services Russell 3000
$37.35Close
$2.1BMarket cap
$11.45 – $37.3852-week range
Nov 3, 2026Next report · before the open
Highlights
Strengths
- In a stage-2 uptrend all 8 trend conditions pass
- Leading the market RS 98 · stronger than 98% of stocks over 12 months
- RS line at a 1-year high outperforming the S&P 500 more than at any point this year
- Near its high at its 52-week high
Cautions
- Extended 4.9 ATR above its 50-day average
- Results soon Nov 3, 2026, in 2 days
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
0%
1wk
up 9.1%
price change
1mo
up 18.8%
price change
12-month return
up 222%
market up 11% ·
its own up 207%
F-score
6 / 9
Mixed
Altman Z″
-1.95
Elevated risk
P/E
—
price / earnings
PEG
—
P/E / EPS growth
P/B
—
price / book
Earnings yield
up 1.8%
EBIT / enterprise value
Cheaper than
41%
of the market · around average
Revenue growth
up 20%
year on year
EPS growth
—
latest quarter
Sales growth
up 19%
latest quarter · +3 pts
ROE
—
return on equity
Free cash margin
up 8%
$63.8M FCF
D/E
—
long-term debt / equity
Net debt / EBITDA
3.7×
Interest cover
1.0×EBIT / interest
Piotroski tests
- not yet profitable on its assets
- took on more long-term debt
- issued more shares
- generating cash from operations
- profitability improving
- profits backed by cash
- short-term liquidity improved
- gross margin widened
- assets working harder
Repair signals
- Gross margin 43.8% → 45.8%
Trade setup
ATR%
4.0%
$1.49 a day · 2×ATR $34.38
RS
98 / 99
vs the universe
Trend
8 / 8
trend template
Relative volume
0.9×
vs 50-day average
Up/down volume
1.31
50 sessions
Implied move
—
no option chain · report Nov 3, 2026
Trend template · 8 of 8
Screen verdict
Did not qualify for any screen.
Warning signs
- Liabilities exceed assets Shareholders' equity is negative at -$284.5M as of Dec 31, 2025. What is left for shareholders after creditors is, on the balance sheet, less than nothing.
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Interest is covered, but thinly Earnings before interest cover the interest bill 1.0 times, leaving little room if profits fall.
Last reported
Aug 3, 2026
Results reaction
Aug 3, 2026+12% vs market2 sessions after results
Financials
- Gross 46%
- Net -4%
- Free cash 8%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $82.4M | $147.1M | $421.5M | $569.5M | $644.7M | $771.0M |
| Gross margin | 11% | 15% | 33% | 41% | 44% | 46% |
| Operating income | -$88.4M | -$110.8M | -$63.0M | $10.6M | $21.6M | $45.5M |
| Net income | -$98.7M | -$124.7M | -$116.1M | -$50.0M | -$35.8M | -$34.6M |
| Net margin | -120% | -85% | -28% | -9% | -6% | -4% |
| Earnings per share | -$1.99 | -$2.49 | -$2.23 | -$0.94 | -$0.67 | -$0.63 |
| Free cash flow | -$247.7M | -$64.2M | -$40.4M | -$4.5M | $58.8M | $63.8M |
| Free cash margin | -301% | -44% | -10% | -1% | 9% | 8% |
| Cash | $187.5M | $150.8M | $87.2M | $156.8M | $183.9M | $256.7M |
| Long-term debt | $471.4M | $518.7M | $529.5M | $621.8M | $625.4M | $662.7M |
| Shareholders' equity | $35.0M | -$78.6M | -$182.7M | -$225.1M | -$253.1M | -$284.5M |
| Shares outstanding | 49.82m | 50.76m | 53.11m | 53.33m | 54.38m | 55.32m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 3, 2026 | Quarterly ↗ | Jun 30, 2026 | 34d |
| May 5, 2026 | Quarterly ↗ | Mar 31, 2026 | 35d |
| Feb 26, 2026 | Annual ↗ | Dec 31, 2025 | 57d |
| Nov 4, 2025 | Quarterly ↗ | Sep 30, 2025 | 35d |
| Aug 4, 2025 | Quarterly ↗ | Jun 30, 2025 | 35d |
| May 6, 2025 | Quarterly ↗ | Mar 31, 2025 | 36d |
| Feb 28, 2025 | Annual ↗ | Dec 31, 2024 | 59d |
| Nov 5, 2024 | Quarterly ↗ | Sep 30, 2024 | 36d |
| Aug 8, 2024 | Quarterly ↗ | Jun 30, 2024 | 39d |
| May 1, 2024 | Quarterly ↗ | Mar 31, 2024 | 31d |
| Mar 6, 2024 | Annual ↗ | Dec 31, 2023 | 66d |
| Nov 2, 2023 | Quarterly ↗ | Sep 30, 2023 | 33d |
Current reports
| Filed | Disclosed |
|---|---|
| Sep 15, 2026 | Material agreement · Regulation FD ↗ |
| Aug 3, 2026 | Results ↗ |
| Jun 11, 2026 | Shareholder vote ↗ |
| May 5, 2026 | Results ↗ |
| Mar 25, 2026 | Director or officer change ↗ |
| Mar 3, 2026 | Material agreement ↗ |
| Feb 26, 2026 | Results ↗ |
| Jan 20, 2026 | Regulation FD ↗ |
| Dec 11, 2025 | Regulation FD ↗ |
| Nov 4, 2025 | Results ↗ |
| Sep 5, 2025 | Director or officer change ↗ |
| Aug 21, 2025 | Material agreement · New obligation · Other events ↗ |