Filing Flows › Lindblad Expeditions Holdings (LIND) › Q3 2026
Lindblad Expeditions Holdings (LIND) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Lindblad Expeditions Holdings (LIND) reported revenue of $269M for the third quarter 2026 (Q3 2026), +12% from a year earlier and +35% from the quarter before. Operating margin was 15.9%, net earnings $24.2M (9.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $269M | +35% | +12% |
| Operating profit | $42.8M | +258% | +19% |
| Net earnings | $24.2M | — | 20× |
| Operating cash flow | $2.8M | -95% | -86% |
What changed
Revenue was $269.2M in Q3 2026, up 12% year over year and up 35% from the previous quarter. Lindblad Segment was the largest line at 57% of revenue. Lindblad Segment added $15.8M year over year (up 11%), 55% of the total change.
Operating profit was $42.8M, a 15.9% margin (up 0.9 points year over year). Of the extra revenue versus Q3 2025, 23% reached operating profit, above the 15% margin then. Total costs grew 11% against revenue growth of 12%. The fastest-growing cost line was Sales & marketing (+26%). Net earnings were $24.2M, up 1937% year over year. The effective tax rate was 14.2%.
Operating cash flow was $2.8M (down 86% year over year), 10% of net income including minority interests. Non-cash charges added back $16.9M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $42.8M. Capital expenditures of $3.9M exceeded it, leaving free cash flow of −$1.1M.
Questions
What was Lindblad Expeditions Holdings' revenue in the third quarter 2026?
Lindblad Expeditions Holdings (LIND) reported revenue of $269M for the third quarter 2026 (Q3 2026), +12% from a year earlier and +35% from the quarter before.
Was Lindblad Expeditions Holdings profitable in the third quarter 2026?
Operating profit was $42.8M (15.9% of revenue) and net earnings $24.2M.