Filing Flows › Lindblad Expeditions Holdings (LIND) › Q3 2026 › vs Q3 2025
Lindblad Expeditions Holdings (LIND) Q3 2026 vs Q3 2025 (year over year)
Lindblad Expeditions Holdings's revenue rose $29.0M (+12%) from $240M in Q3 2025 to $269M in Q3 2026. The biggest changes: Lindblad Segment +$15.8M (+11%); Land-experience +$13.2M (+13%). Operating margin 15.9% against 15.0% (+0.9 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.9% | 15.0% | +0.9 pts |
| Net margin | 9.0% | 0.5% | +8.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Lindblad Segment | $153M | $138M | $15.8M | +11% |
| Land-experience | $116M | $103M | $13.2M | +13% |
| Revenue | $269M | $240M | $29.0M | +12% |
| Operating profit | $42.8M | $36.0M | $6.8M | +19% |
| Costs & expenses | $226M | $204M | $22.2M | +11% |
| Pre-tax earnings | $31.6M | $2.0M | $29.6M | 16× |
| Other expense, net | $11.2M | $34.0M | −$22.8M | -67% |
| Cost of revenue | $136M | $124M | $11.6M | +9% |
| Sales & marketing | $37.8M | $30.1M | $7.7M | +26% |
| General & admin | $35.7M | $34.8M | $941K | +3% |
| Other operating costs | $16.9M | $14.9M | $2.0M | +14% |
| Net earnings | $24.2M | $1.2M | $23.0M | 20× |
| Minority interests | $2.8M | $3.4M | −$535K | -16% |
| Income tax | $4.5M | −$2.6M | $7.0M | — |
| Operating cash sources | $42.7M | $21.5M | $21.2M | +99% |
| Depreciation & amortization | $16.9M | $14.9M | $2.0M | +14% |
| Share-based compensation | $1.5M | $5.4M | −$3.8M | -71% |
| Working capital & other | $39.9M | $2.0M | $38.0M | 20× |
| Operating cash flow | $2.8M | $19.5M | −$16.7M | -86% |
| Capital expenditures | $3.9M | $7.6M | −$3.7M | -48% |
| Negative free cash flow (OCF − capex) | $1.1M | −$11.9M | $13.0M | — |
Questions
How much did Lindblad Expeditions Holdings's revenue grow year over year in Q3 2026?
Lindblad Expeditions Holdings's revenue rose $29.0M (+12%) from $240M in Q3 2025 to $269M in Q3 2026.
What drove Lindblad Expeditions Holdings's revenue change in Q3 2026?
Lindblad Segment +$15.8M (+11%); Land-experience +$13.2M (+13%).