Filing Flows › Lindblad Expeditions Holdings (LIND) › Q3 2026 › vs Q2 2026
Lindblad Expeditions Holdings (LIND) Q3 2026 vs Q2 2026 (quarter over quarter)
Lindblad Expeditions Holdings's revenue rose $69.9M (+35%) from $199M in Q2 2026 to $269M in Q3 2026. The biggest changes: Land-experience +$45.8M (+65%); Lindblad Segment +$24.1M (+19%). Operating margin 15.9% against 6.0% (+9.9 pts).
Lindblad Expeditions Holdings, Q3 2026: revenue $269M (+12% year over year), operating margin 15.9%, net earnings $24.2M, operating cash flow $2.8M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 15.9% | 6.0% | +9.9 pts |
| Net margin | 9.0% | -0.7% | +9.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Lindblad Segment | $153M | $129M | $24.1M | +19% |
| Land-experience | $116M | $70.0M | $45.8M | +65% |
| Revenue | $269M | $199M | $69.9M | +35% |
| Operating profit | $42.8M | $12.0M | $30.8M | +258% |
| Costs & expenses | $226M | $187M | $39.1M | +21% |
| Pre-tax earnings | $31.6M | $1.1M | $30.5M | 29× |
| Other expense, net | $11.2M | $10.9M | $333K | +3% |
| Cost of revenue | $136M | $103M | $33.3M | +32% |
| Sales & marketing | $37.8M | $32.0M | $5.8M | +18% |
| General & admin | $35.7M | $34.2M | $1.6M | +5% |
| Other operating costs | $16.9M | $18.5M | −$1.5M | -8% |
| Net earnings | $24.2M | −$1.4M | $25.6M | — |
| Minority interests | $2.8M | $1.1M | $1.8M | +168% |
| Income tax | $4.5M | $1.4M | $3.0M | +211% |
| Operating cash sources | $42.7M | $19.0M | $23.7M | +125% |
| Depreciation & amortization | $16.9M | $18.5M | −$1.5M | -8% |
| Share-based compensation | $1.5M | $1.9M | −$395K | -20% |
| Working capital & other | $39.9M | −$40.0M | $80.0M | — |
| Operating cash flow | $2.8M | $59.1M | −$56.2M | -95% |
| Capital expenditures | $3.9M | $8.0M | −$4.1M | -51% |
| Negative free cash flow (OCF − capex) | $1.1M | −$51.1M | $52.2M | — |
Questions
How much did Lindblad Expeditions Holdings's revenue grow quarter over quarter in Q3 2026?
Lindblad Expeditions Holdings's revenue rose $69.9M (+35%) from $199M in Q2 2026 to $269M in Q3 2026.
What drove Lindblad Expeditions Holdings's revenue change in Q3 2026?
Land-experience +$45.8M (+65%); Lindblad Segment +$24.1M (+19%).