Filing Flows › Lindblad Expeditions Holdings (LIND) › Q2 2026 › vs Q2 2025
Lindblad Expeditions Holdings (LIND) Q2 2026 vs Q2 2025 (year over year)
Lindblad Expeditions Holdings's revenue rose $31.3M (+19%) from $168M in Q2 2025 to $199M in Q2 2026. The biggest changes: Lindblad Segment +$18.2M (+16%); Land-experience +$13.1M (+23%).
Lindblad Expeditions Holdings, Q2 2026: revenue $199M (+19% year over year), operating margin 6.0%, net loss $343K, operating cash flow $59.1M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 25.6% | 8.0% | +17.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Lindblad Segment | $129M | $111M | $18.2M | +16% |
| Land-experience | $70.0M | $56.9M | $13.1M | +23% |
| Revenue | $199M | $168M | $31.3M | +19% |
| Net loss | $343K | $7.0M | −$6.6M | -95% |
| Costs & expenses | $200M | $175M | $24.7M | +14% |
| Operating costs | $187M | $164M | $23.8M | +15% |
| Interest & other, net | $10.9M | $10.8M | $30K | +0.3% |
| Income tax | $1.4M | $547K | $892K | +163% |
| Cost of revenue | $103M | $91.4M | $11.2M | +12% |
| Sales & marketing | $32.0M | $26.4M | $5.6M | +21% |
| General & admin | $34.2M | $31.1M | $3.1M | +10% |
| Other operating costs | $18.5M | $14.7M | $3.8M | +26% |
| Operating cash sources | $59.4M | $36.2M | $23.2M | +64% |
| Depreciation & amortization | $18.5M | $14.7M | $3.8M | +26% |
| Share-based compensation | $1.9M | $5.4M | −$3.5M | -64% |
| Working capital & other | $39.0M | $16.1M | $22.9M | +142% |
| Net loss absorbed | $343K | $7.0M | −$6.6M | -95% |
| Operating cash flow | $59.1M | $29.2M | $29.8M | +102% |
| Free cash flow (OCF − capex) | $51.1M | $13.5M | $37.6M | +279% |
| Capital expenditures | $8.0M | $15.7M | −$7.7M | -49% |
Questions
How much did Lindblad Expeditions Holdings's revenue grow year over year in Q2 2026?
Lindblad Expeditions Holdings's revenue rose $31.3M (+19%) from $168M in Q2 2025 to $199M in Q2 2026.
What drove Lindblad Expeditions Holdings's revenue change in Q2 2026?
Lindblad Segment +$18.2M (+16%); Land-experience +$13.1M (+23%).