Lindblad Expeditions Holdings, Inc. revenue by segment LIND

Annual Quarterly

Lindblad Expeditions Holdings, Inc. splits its revenue 2 ways in its filings. By operating segments, the largest line in fiscal 2025, which ended Dec 31, 2025 was Lindblad at $495.6 million, 64% of the total. By sales mix, the largest line in fiscal 2025, which ended Dec 31, 2025 was Guest Ticket at $428.3 million, 56% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	860	771	645	570	422	147	—	343	310	267	242
Operating segments
Lindblad	551 +17.1% share 64.1%	496 +17.1% share 64.3%	423 +6.5% share 65.7%	397 +42.7% share 69.8%	278 +236.1% share 66.1%	83 share 56.3%	—	—	—	—	—
Landexperience	309 +16.0% share 35.9%	275 +24.4% share 35.7%	221 +28.6% share 34.3%	172 +20.3% share 30.2%	143 +122.6% share 33.9%	64 +404.6% share 43.7%	13 -82.0%	71 share 20.6%	—	—	—
Sales mix
Guest Ticket	472 +15.3% share 54.9%	428 +14.8% share 55.6%	373 +7.9% share 57.9%	346 +43.8% share 60.7%	241 share 57.1%	—	—	—	—	—	—
Landexperience	309 +16.0% share 35.9%	275 +24.4% share 35.7%	221 +28.6% share 34.3%	172 +20.3% share 30.2%	143 +122.6% share 33.9%	64 +404.6% share 43.7%	13 -82.0%	71 share 20.6%	—	—	—
Other Tour	79 +29.6% share 9.2%	67 +33.9% share 8.7%	50 -2.5% share 7.8%	52 +36.1% share 9.0%	38 share 9.0%	—	—	—	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Transportation Services (SIC 4700)
Listed as: LIND (Nasdaq)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: New York, NY
SEC filer status: Accelerated filer
SEC CIK: 1512499
Former names: Capitol Acquisition Corp. II (until Jul 1, 2015)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.