All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2017; the latest 2022-03-14.
From the record
Lindblad Expeditions Holdings Inc.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2022-03-14) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+13.7% a year over 10 filed years; profitable in 3 of 10.
From the record
Lindblad Expeditions Holdings Inc.'s 10 filed years say what it did: revenue went from $242 million in fiscal 2016 to $771 million in fiscal 2025, up 13.7% a year; it rose in 8 of 9 years; the deepest fall was 76% from fiscal 2019 to fiscal 2020; net income was positive in 3 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 1.9% a year. 0% of cash flow returned. Insiders: 55 sales, 0 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Lindblad Expeditions Holdings Inc.'s diluted share count grew about 1.9% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 55 sales (38 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-10-29 (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
Leverage 129%: owes 129¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Lindblad Expeditions Holdings Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 36 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 129 cents per dollar of assets, and net share issuance: its share count grew 2.1% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 35% of 15 in its family; net margin -3.9%.
From the record
Lindblad Expeditions Holdings Inc.'s standing among 15 graded names in its industry family: revenue of $771 million in fiscal 2025 ranks in the bottom 19% by size; a net margin of -3.9% ranks in the bottom 17%; revenue growth of 22.3% a year over the last 3 filed years ranks in the top 30% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 47% of 8 in its family for leadership; chief executive since 2025.
From the record
Lindblad Expeditions Holdings Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Leahy, Natalya (CEO, as filed), filing under that title since 2025-01-03, 1.9 years (bottom 39% of its family); the 16 officers and directors filing in the last fifteen months have been on the record a median of 7.7 years (top 7%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 16 people in charge now (bottom 27%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 36% of 15 in its family for room to expand.
From the record
Lindblad Expeditions Holdings Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $257 million against debt of $663 million leaves -41.4% of its assets as net cash, bottom 15% of its family; cash from operations less capital spending is 8.3% of revenue (top 43%); a gross margin of 45.8% (bottom 36%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 40% of 15 in its family for growth drivers.
From the record
Lindblad Expeditions Holdings Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 22.3% a year over the last three filed years against 13.7% over all 10, speeding up (top 39% of its family); the newest year grew 19.6% (top 30%); capital spending grew 7.7% a year (top 50%) (its annual reports). Lindblad Expeditions Holdings Inc. reported 2 lines of business in fiscal 2025: Lindblad at $496 million, Landexperience at $275 million. 2 of 2 grew in the latest filed year, and the largest line is 64% of revenue (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 49% of 14 in its family for expectations against reality.
From the record
Lindblad Expeditions Holdings Inc.'s newest year against its own record: revenue of $771 million in fiscal 2025 came in 3.3% below the $797 million its prior three years' pace pointed to (bottom 32% of its family); net income of $30 million against a prior three-year average of $63 million (top 46%); a net margin of -3.9% against -13.1% before (top 32%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made