LIND: Revenue grew 12% in Q3 as both segments expanded and Adjusted EBITDA increased

Lindblad Expeditions reported record Q3 2026 results: revenue up 12% to $269M, adjusted EBITDA up 12% to $64M, and net income of $24.2M. Occupancy reached 91%, with net yield increasing 6% to $1,398 per guest night. 2027 and 2028 bookings are at record highs. The company expanded into air travel via acquisitions and maintains a strong balance sheet with $308M in cash.

Stifel raised its price target for Lindblad Expeditions (LIND) to $43 from $37, maintaining a Buy rating. The company reported Q3 2026 results and raised its full-year 2026 EBITDA outlook, though Q4 guidance was below consensus. Revenue grew 12.1% YoY to $269.2M, and adjusted EBITDA rose 12% to $64.1M. The stock has risen 200% over 12 months, but recent results sparked a decline due to fuel cost concerns.

Lindblad Expeditions reported record Q3 2026 revenue and Adjusted EBITDA, with 12% growth and net yields of $1,398. The company expanded into land and air expeditions via acquisitions. Guidance was raised, with capacity growth expected. Fuel costs rose 50% YoY, but efficiency gains offset some impacts. Net leverage increased to 2.5x post-acquisition.

Lindblad (LIND) reported Q3 2026 earnings with record revenue, EBITDA, and net income. Occupancy rose to 91%, and net yields increased 6% YoY. The company raised 2026 guidance, citing strong bookings and strategic acquisitions. Lindblad acquired stakes in White Desert and Echo Charlie, expanding its experiential travel offerings.

Lindblad Expeditions (LIND) raised its 2026 revenue outlook to $870M-$885M, citing the addition of White Desert and Echo Charlie to its travel platform. CEO Natalya Leahy highlighted these expansions as key drivers of growth.

Lindblad Expeditions (LIND) reported Q3 revenue of $115.8M, up 12.8% YoY, with strong bookings for 2027 and 2028. Operating expenses rose 12.1%, but revenue growth outpaced costs, leading to a 130bps gross margin expansion. Adjusted EBITDA increased 12% to $64.1M. The company acquired White Desert and Echo Charlie for $54.6M, expanding its travel offerings. Lindblad raised its 2026 revenue and EBITDA guidance, expecting 6-7% yield growth.