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LIND · Nasdaq · United States · Transportation Services
In shortLINDBLAD EXPEDITIONS HOLDINGS, INC. is loss-making.
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 5.9% | 36/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -3.9% | 5/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | – | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 9.5% | 63/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.80× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | – | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 3.75× | 7/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -1.95 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 8.3% | 53/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 2 of 5 | 25/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 5 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 71.7% | 0/100 |
| Operating margin volatility | 34.3% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 22.3% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 147 | 422 | 570 | 645 | 771 |
| Cost of revenue | 124 | 283 | 338 | 363 | 418 |
| Gross profit | 23 | 138 | 231 | 282 | 353 |
| Operating income | (111) | (63) | 11 | 22 | 45 |
| Pre-tax income | (121) | (102) | (38) | (25) | (22) |
| Income tax | (2) | 6.1 | 3.1 | 3.1 | 2.5 |
| Net income | (119) | (111) | (46) | (31) | (30) |
| Diluted EPS | −$2.41 | −$2.23 | −$0.94 | −$0.67 | −$0.63 |
| Diluted shares (millions) | 50 | 52 | 53 | 54 | 55 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
−1.95 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 3, 2026