Filing Flows › Lindblad Expeditions Holdings (LIND) › Q2 2026
Lindblad Expeditions Holdings (LIND) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Lindblad Expeditions Holdings (LIND) reported revenue of $199M for the second quarter 2026 (Q2 2026), +19% from a year earlier and -4% from the quarter before. Operating margin was 6.0%, net loss $343K (0.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $199M | -4% | +19% |
| Operating profit | $12.0M | -23% | +171% |
| Net earnings | −$343K | -105% | — |
| Operating cash flow | $59.1M | +19% | +102% |
| Free cash flow | $51.1M | +20% | +279% |
What changed
Revenue was $199.2M in Q2 2026, up 19% year over year and down 4% from the previous quarter. Lindblad Segment was the largest line at 65% of revenue. Lindblad Segment added $18.2M year over year (up 16%), 58% of the total change.
Operating profit was $12.0M, a 6.0% margin (up 3.4 points year over year). Of the extra revenue versus Q2 2025, 24% reached operating profit, above the 3% margin then. Total costs grew 15% against revenue growth of 19%. The fastest-growing cost line was Other operating costs (+26%). The quarter ended with a net loss of $343K, after a profit of $6.1M the previous quarter. Net interest and other expense of $10.9M was the main reason.
Operating cash flow was $59.1M (up 102% year over year). Non-cash charges added back $18.5M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $39.0M. Capital expenditures of $8.0M left free cash flow of $51.1M.
Questions
What was Lindblad Expeditions Holdings' revenue in the second quarter 2026?
Lindblad Expeditions Holdings (LIND) reported revenue of $199M for the second quarter 2026 (Q2 2026), +19% from a year earlier and -4% from the quarter before.
Was Lindblad Expeditions Holdings profitable in the second quarter 2026?
Operating profit was $12.0M (6.0% of revenue) and net loss $343K.