LIND LINDBLAD EXPEDITIONS HOLDINGS, INC. - 10-Q - (2025-11-04)

LINDBLAD EXPEDITIONS HOLDINGS (LIND) Q3 2025 TL;DR

Lindblad Expeditions reported strong top-line operational performance for the quarter and nine months ended September 30, 2025. Total tour revenues increased 17% YoY in Q3 to \(240.2M, driven by growth in both the Lindblad (up 13%) and Land Experiences (up 21%) segments. Nine-month revenues reached \)587.8M (up from \(496.1M in 2024), with Operating Income surging to \)51.0M YTD.

However, quarterly profitability suffered due to a major non-operational charge: Net income available to stockholders fell to near zero ($0.00 EPS loss) in Q3, prim

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