Lindblad Expeditions Reports Strong Q2 Performance and Raises Full-Year Guidance
Lindblad Expeditions (NASDAQ:LIND) delivered strong second-quarter results in fiscal year 2026, with revenue rising 19% to $199.2 million compared to the prior-year period. Adjusted EBITDA increased by 31% to $32.5 million and occupancy reached a decade-high of 91%, while net yield per available guest night rose 4% to a record $1,294. The company raised its full-year revenue guidance to between $830 million and $860 million and expects net-yield growth in the range of 4.5%–5.5%. Despite elevated fuel costs—up 64% year over year due to geopolitical tensions—the firm maintained adjusted EBITDA guidance at $130 million–$140 million through cost management initiatives that reduced fuel consumption by more than 3%. Lindblad also reported a stronger financial position, with cash reserves rising to $364.9 million and free cash flow increasing 93%. Bookings for both expedition travel in 2026 and land experiences remained ahead of prior-year levels.
Topics: booking_trends ebitda_increase occupancy_rate revenue_growth