LIND Profit Margins - LINDBLAD EXPEDITIONS HOLDINGS, INC.

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	—	6.00%	-0.71%
2026-03-31	—	7.51%	3.12%
2025-12-31	—	-3.01%	-12.86%
2025-09-30	—	14.98%	0.50%
2025-06-30	—	2.62%	-5.07%
2025-03-31	—	5.91%	0.65%
2024-12-31	—	-5.09%	-16.86%
2024-09-30	—	14.31%	10.93%
2024-06-30	—	-6.01%	-18.07%
2024-03-31	—	5.11%	-2.59%
2023-12-31	—	-11.04%	-21.86%
2023-09-30	—	11.63%	3.20%
2023-06-30	—	-6.81%	-19.61%
2023-03-31	—	8.69%	0.43%
2022-12-31	—	-12.97%	-27.28%
2022-09-30	—	4.01%	-6.03%
2022-06-30	—	-21.25%	-31.63%
2022-03-31	—	-50.47%	-61.49%
2021-12-31	—	-45.05%	-40.17%
2021-09-30	—	-27.36%	-37.73%
2021-06-30	—	-213.47%	-231.22%
2021-03-31	—	-1745.28%	-1867.64%
2020-12-31	—	-7969.86%	-8154.52%
2020-09-30	—	-2631.40%	-2686.85%
2020-03-31	—	2.77%	-2.38%
2019-12-31	—	-1.25%	-1.94%
2019-09-30	—	15.51%	2.14%
2019-06-30	—	5.38%	1.29%
2019-03-31	—	16.02%	16.37%
2018-12-31	44.63%	-4.99%	-6.58%
2018-09-30	48.46%	11.78%	5.81%
2018-06-30	51.33%	6.06%	0.19%
2018-03-31	56.47%	17.44%	13.10%
2017-12-31	43.46%	-3.98%	-25.31%
2017-09-30	54.51%	16.02%	10.97%
2017-06-30	48.36%	-2.97%	-4.56%
2017-03-31	48.35%	2.16%	0.94%
2016-12-31	43.23%	-8.14%	-15.46%
2016-09-30	54.16%	14.37%	10.48%
2016-06-30	45.44%	-4.71%	-8.07%
2016-03-31	58.95%	17.73%	17.00%
2015-12-31	48.17%	-1.38%	-0.95%
2015-09-30	56.55%	9.83%	7.54%
2015-06-30	56.62%	4.85%	17.84%
2015-03-31	55.97%	14.40%	12.51%
2014-12-31	52.34%	1.10%	3.14%
2014-09-30	56.16%	20.72%	14.13%

Date	Gross margin	Operating margin	Net margin
2025-12-31	—	5.90%	-3.85%
2024-12-31	—	3.34%	-4.84%
2023-12-31	—	1.86%	-8.01%
2022-12-31	—	-14.96%	-26.42%
2021-12-31	—	-75.34%	-81.03%
2020-12-31	—	-107.34%	-119.89%
2019-12-31	—	9.68%	4.77%
2018-12-31	50.36%	8.18%	3.67%
2017-12-31	49.15%	4.03%	-3.25%
2016-12-31	50.91%	5.77%	2.01%
2015-12-31	54.56%	7.38%	9.40%
2014-12-31	54.65%	15.33%	11.21%
2013-12-31	49.72%	12.24%	7.72%