Financial Snapshot

Revenue
$621.5M
TTM
Gross Margin
44.64%
TTM
Net Earnings
-$35.79M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
74.55%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$122.4M
Q3 2024
Cash
Q3 2024
P/E
-20.85
Nov 29, 2024 EST
Free Cash Flow
$49.92M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue $569.5M $421.5M $147.1M $82.36M $343.1M $309.7M $266.5M $242.3M $210.0M $198.5M $192.2M $0.00 $0.00
YoY Change 35.12% 186.53% 78.62% -76.0% 10.77% 16.22% 9.97% 15.4% 5.79% 3.28%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue $569.5M $421.5M $147.1M $82.36M $343.1M $309.7M $266.5M $242.3M $210.0M $198.5M $192.2M $0.00 $0.00
Cost Of Revenue $322.4M $283.2M $124.5M $72.93M $166.6M $153.7M $135.5M $119.0M $95.40M $90.00M $96.70M $71.50M
Gross Profit $247.2M $138.3M $22.62M $9.425M $176.5M $156.0M $131.0M $123.4M $114.6M $108.5M $95.60M $82.50M
Gross Profit Margin 43.4% 32.81% 15.38% 11.44% 51.44% 50.36% 49.15% 50.91% 54.57% 54.66% 49.74%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Selling, General & Admin $189.9M $157.3M $93.93M $65.74M $117.5M $109.9M $102.9M $90.97M $74.10M $66.80M $60.40M $0.00 $0.00
YoY Change 20.71% 67.45% 42.88% -44.06% 6.94% 6.81% 13.1% 22.76% 10.93% 10.6%
% of Gross Profit 76.81% 113.74% 415.19% 697.5% 66.59% 70.44% 78.55% 73.74% 64.66% 61.57% 63.18% 0.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.71M $44.04M $39.53M $32.08M $25.77M $20.77M $17.35M $17.10M $11.65M $11.27M $11.65M $8.100M
YoY Change 6.06% 11.43% 23.19% 24.51% 24.08% 19.69% 1.47% 46.78% 3.37% -3.26% 43.83%
% of Gross Profit 18.9% 31.85% 174.71% 340.41% 14.6% 13.31% 13.25% 13.86% 10.17% 10.39% 12.19% 9.82%
Operating Expenses $189.9M $157.3M $93.93M $65.74M $117.5M $130.7M $120.2M $109.4M $85.80M $78.00M $72.00M $0.00 $0.00
YoY Change 20.71% 67.45% 42.88% -44.06% -10.05% 8.67% 9.92% 27.49% 10.0% 8.33%
Operating Profit $10.60M -$63.05M -$110.8M -$88.40M $33.20M $25.34M $10.74M $13.98M $28.80M $30.50M $23.60M $82.50M
YoY Change -116.81% -43.12% 25.38% -366.28% 31.02% 135.83% -23.15% -51.45% -5.57% 29.24% -71.39%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Interest Expense -$44.26M -$38.73M -$25.84M -$21.50M -$12.20M -$13.00M -$8.600M -$10.90M -$10.90M -$5.400M -$6.600M $0.00
YoY Change 14.28% 49.87% 20.2% 76.23% -6.15% 51.16% -21.1% 0.0% 101.85% -18.18%
% of Operating Profit -417.61% -36.75% -51.31% -80.04% -77.96% -37.85% -17.7% -27.97% 0.0%
Other Income/Expense, Net -$48.33M -$39.04M -$10.36M -$21.55M -$12.26M -$13.17M -$8.271M -$12.12M $5.000M $100.0K $0.00 $0.00
YoY Change 23.8% 276.96% -51.94% 75.75% -6.91% 59.23% -31.77% -342.44% 4900.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Pretax Income -$37.73M -$102.1M -$121.2M -$109.9M $20.94M $12.17M $2.473M $1.859M $17.10M $25.00M $16.50M $0.00 $0.00
YoY Change -63.04% -15.76% 10.23% -625.1% 72.07% 392.03% 33.03% -89.13% -31.6% 51.52%
Income Tax $3.146M $6.076M -$2.019M -$9.805M $2.190M $616.0K $10.00M -$3.200M -$2.600M $2.800M $1.700M $0.00 $0.00
% Of Pretax Income 10.46% 5.06% 404.45% -172.14% -15.2% 11.2% 10.3%
Net Earnings -$45.61M -$111.4M -$119.2M -$98.74M $16.35M $11.35M -$8.661M $4.864M $19.70M $22.20M $14.80M $0.00 $0.00
YoY Change -59.05% -6.56% 20.73% -703.79% 44.05% -231.07% -278.06% -75.31% -11.26% 50.0%
Net Earnings / Revenue -8.01% -26.42% -81.03% -119.89% 4.77% 3.67% -3.25% 2.01% 9.38% 11.18% 7.7%
Basic Earnings Per Share -$0.94 -$2.23 -$2.41 -$2.01 $0.29 $0.25 -$0.19 $0.11
Diluted Earnings Per Share -$0.94 -$2.23 -$2.41 -$2.01 $0.28 $0.24 -$0.19 $0.10 $432.0K $496.6K $331.1K $0.00 $0.00

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Cash & Short-Term Investments $156.8M $100.8M $150.8M $187.5M $101.6M $113.4M $96.40M $135.4M $206.9M $39.70M $300.0K $0.00 $0.00
YoY Change 55.65% -33.16% -19.6% 84.55% -10.41% 17.63% -28.8% -34.56% 421.16% 13133.33%
Cash & Equivalents $156.8M $87.18M $150.8M $187.5M $101.6M $113.4M $96.40M $135.4M $206.9M $39.70M $44.40M
Short-Term Investments $0.00 $13.59M $0.00
Other Short-Term Assets $87.66M $80.59M $57.31M $34.00M $36.80M $30.10M $28.50M $34.00M $25.70M $24.70M $100.0K $0.00
YoY Change 8.77% 40.62% 68.56% -7.61% 22.26% 5.61% -16.18% 32.3% 4.05% 24600.0%
Inventory $1.965M $2.278M $7.600M $8.300M $6.800M $6.800M $1.700M $1.700M $1.700M $1.600M
Prepaid Expenses
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $244.5M $183.3M $210.3M $229.2M $146.6M $150.2M $131.7M $171.0M $234.3M $66.10M $400.0K $0.00 $0.00
YoY Change 33.38% -12.85% -8.23% 56.34% -2.4% 14.05% -22.98% -27.02% 254.46% 16425.0%
Property, Plant & Equipment $526.0M $543.8M $546.8M $487.8M $363.9M $286.0M $251.0M $186.2M $125.5M $121.9M $126.9M
YoY Change -3.26% -0.56% 12.1% 34.05% 27.24% 13.94% 34.8% 48.37% 2.95% -3.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $47.80M $0.00
YoY Change -100.0%
Other Assets $9.364M $7.669M $15.08M $13.60M $9.600M $7.200M $10.00M $17.20M $15.60M $3.600M $200.0M $200.0K $100.0K
YoY Change 22.1% -49.14% 10.88% 41.67% 33.33% -28.0% -41.86% 10.26% 333.33% -98.2% 99900.0% 100.0%
Total Long-Term Assets $586.8M $604.7M $617.2M $528.2M $402.1M $323.2M $292.6M $236.7M $147.3M $179.8M $200.0M $200.0K $200.0K
YoY Change -2.95% -2.02% 16.84% 31.36% 24.41% 10.46% 23.62% 60.69% -18.08% -10.1% 99900.0% 0.0%
Total Assets $831.3M $788.0M $827.5M $757.4M $548.7M $473.4M $424.3M $407.7M $381.6M $245.9M $200.4M $200.0K $200.0K
YoY Change
Accounts Payable $16.15M $16.60M $9.692M $5.300M $14.60M $9.300M $7.800M $7.600M $8.800M $5.100M $0.00 $0.00 $0.00
YoY Change -2.69% 71.29% 82.87% -63.7% 56.99% 19.23% 2.63% -13.64% 72.55%
Accrued Expenses $50.82M $56.08M $23.07M $13.60M $18.70M $20.00M $13.40M $13.70M $10.60M $8.800M $200.0K
YoY Change -9.37% 143.08% 69.64% -27.27% -6.5% 49.25% -2.19% 29.25% 20.45% 4300.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $200.0K $200.0K
YoY Change -100.0% 0.0%
Long-Term Debt Due $47.00K $23.34M $26.06M $11.30M $4.500M $2.000M $1.800M $1.800M $1.800M $4.900M $4.000M
YoY Change -99.8% -10.45% 130.63% 151.11% 125.0% 11.11% 0.0% 0.0% -63.27% 22.5%
Total Short-Term Liabilities $319.2M $341.1M $289.5M $155.8M $182.9M $159.4M $144.4M $123.9M $104.3M $125.9M $200.0K $200.0K $200.0K
YoY Change -6.42% 17.85% 85.79% -14.82% 14.74% 10.39% 16.55% 18.79% -17.16% 62850.0% 0.0% 0.0%
Long-Term Debt $621.8M $529.5M $518.7M $471.4M $213.5M $188.1M $164.2M $164.1M $162.7M $51.80M $0.00 $0.00 $0.00
YoY Change 17.44% 2.08% 10.03% 120.8% 13.5% 14.56% 0.06% 0.86% 214.09%
Other Long-Term Liabilities $1.943M $3.049M $3.425M $4.000M $8.300M $600.0K $700.0K $700.0K $700.0K $400.0K $1.300M
YoY Change -36.27% -10.98% -14.38% -51.81% 1283.33% -14.29% 0.0% 0.0% 75.0% -69.23%
Total Long-Term Liabilities $623.7M $532.5M $522.1M $475.4M $221.8M $188.7M $164.9M $164.8M $163.4M $52.20M $0.00 $0.00 $0.00
YoY Change 17.13% 2.0% 9.82% 114.34% 17.54% 14.43% 0.06% 0.86% 213.03%
Total Liabilities $982.8M $901.5M $822.2M $638.7M $425.4M $357.4M $318.0M $293.9M $267.7M $178.4M $200.0K $200.0K $200.0K
YoY Change 9.02% 9.65% 28.73% 50.14% 19.03% 12.39% 8.2% 9.79% 50.06% 89100.0% 0.0% 0.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Basic Shares Outstanding 53.26M 52.02M 50.11M 49.74M 47.44M 45.38M 44.58M 45.65M
Diluted Shares Outstanding 53.26M 52.02M 50.11M 49.74M 49.43M 46.34M 44.58M 46.46M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $746.16 Million

About LINDBLAD EXPEDITIONS HOLDINGS, INC.

Lindblad Expeditions Holdings, Inc. engages in the provision of expedition cruising and travel services. The company is headquartered in New York City, New York and currently employs 485 full-time employees. The company went IPO on 2013-05-10. The company is focused on ship-based voyages through its Lindblad Expeditions brand and land-based travel through its subsidiaries, Natural Habitat, Inc. (Natural Habitat), Off the Beaten Path LLC (Off the Beaten Path), DuVine Cycling + Adventure Co. (DuVine) and Classic Journeys, LLC (Classic Journeys). Its segments include Lindblad and Land Experiences. The Lindblad segment includes ship-based expeditions aboard customized, nimble and intimately scaled vessels that are designed for discovery, enabling it to venture where larger cruise ships cannot, thereby allowing Lindblad to offer up-close experiences in the planet’s wild and remote places and capitals of culture. The Land Experiences segment includes land-based adventure brands, providing tours, trips and journeys centered around nature and culture. The Land Experiences includes four land-based brands: Natural Habitat, DuVine, Off the Beaten Path and Classic Journeys.

Industry: Transportation Services Peers: Airbnb, Inc. Global Business Travel Group, Inc. Bluegreen Vacations Holding Corp Sonder Holdings Inc. Inspirato Inc Mondee Holdings, Inc. Soho House & Co Inc. Target Hospitality Corp. Vacasa, Inc.