Lindblad Q3 Net Income Hits Record $24.2M as Revenue Jumps 12%
NEW YORK – November 03, 2026 -- Lindblad Expeditions Holdings (NASDAQ: LIND) reported record quarterly net income available to stockholders of $24.2 million, or $0.36 per diluted share, for the third quarter ended September 30, 2026. The result compares with a net loss of $49 thousand in the same period of 2025.
Total revenue rose 12% to $269.2 million, an increase of $29.0 million. Adjusted EBITDA climbed 12% to $64.1 million, up $6.9 million year over year.
Lindblad segment lifts net yield 6% to $1,398 on 91% occupancy
Lindblad segment tour revenues grew 11% to $153.4 million, adding $15.8 million. Occupancy reached 91%, up from 88%, on a 4% increase in available guest nights. Segment Adjusted EBITDA rose $4.3 million to $37.1 million.
Higher fuel costs, more voyages and increased marketing spend partly offset the gains. Royalties also rose following the final royalty rate step-up under the National Geographic agreement.