Lindblad Expeditions reports 16% revenue growth and record 93% occupancy in Q1 2026

Lindblad Expeditions Holdings reported a 16% increase in total revenue to $208 million for Q1 2026, driven by higher pricing and occupancy reaching a record 93%. Net income rose to $6 million, reversing a prior loss, while adjusted EBITDA grew 16% to $34.8 million. The company attributes strong performance to strategic execution amid challenging macro and geopolitical conditions and expects full-year tour revenues of $800-$850 million. Lindblad also continues its $35 million stock repurchase plan with $12 million remaining.