Lindblad Expeditions Holdings, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $771.0M | $644.7M | $569.5M | $421.5M | $147.1M | $82.4M | $343.1M | $309.7M |
| Cost of Revenue | $418.0M | $362.6M | $338.2M | $283.2M | $124.5M | $72.9M | $166.6M | $153.7M |
| Gross Profit | $353.0M | $282.1M | $231.3M | $138.3M | $22.6M | $9.4M | $176.5M | $156.0M |
| Gross Margin | 45.8% | 43.8% | 40.6% | 32.8% | 15.4% | 11.4% | 51.4% | 50.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $130.0M | $121.0M | $102.6M | $96.3M | $65.4M | $45.5M | $62.7M | $62.9M |
| Operating Income | $45.5M | $21.6M | $10.6M | $-63.0M | $-110.8M | $-88.4M | $33.2M | $25.3M |
| Operating Margin | 5.9% | 3.3% | 1.9% | -15.0% | -75.3% | -107.3% | 9.7% | 8.2% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-21.8M | $-25.1M | $-37.7M | $-102.1M | $-121.2M | $-109.9M | $20.9M | $12.2M |
| Income Tax Expense | $2.5M | $3.1M | $3.1M | $6.1M | $-2.0M | $-9.8M | $2.2M | $616.0K |
| Net Income | $-29.7M | $-31.2M | $-45.6M | $-111.4M | $-119.2M | $-98.7M | $16.4M | $11.4M |
| Net Margin | -3.9% | -4.8% | -8.0% | -26.4% | -81.0% | -119.9% | 4.8% | 3.7% |
| EPS (Basic) | $-0.63 | $-0.67 | $-0.94 | $-2.23 | $-2.41 | $-2.01 | $0.29 | $0.25 |
| EPS (Diluted) | $-0.63 | $-0.67 | $-0.94 | $-2.23 | $-2.41 | $-2.01 | $0.28 | $0.24 |
| Shares Outstanding (Basic) | 55.0M | 53.8M | 53.3M | 52.0M | 50.1M | 49.7M | 47.4M | 45.4M |
| Shares Outstanding (Diluted) | 55.0M | 53.8M | 53.3M | 52.0M | 50.1M | 49.7M | 49.4M | 46.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |