Event-Driven Stocks

LINDBLAD EXPEDITIONS HOLDINGS, INC.

LINDNasdaq

Industrials · Transportation Services · DE · SEC filings ↗ · Compare ⊕

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Signs● 4 good● 2 warning● 2 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$771.0M$644.7M$569.5M$421.5M$147.1M$82.4M
Operating income$45.5M$21.6M$10.6M−$63.0M−$110.8M−$88.4M
Net income−$29.7M−$31.2M−$45.6M−$111.4M−$119.2M−$98.7M
Total assets$980.0M$876.9M$831.3M$788.0M$827.5M$757.4M
Total liabilities$1.13B$1.02B$945.1M$873.6M$811.5M$631.2M
Equity−$284.5M−$253.1M−$225.1M−$182.7M−$78.6M$35.0M
EPS (diluted)$-0.63$-0.67$-0.94$-2.23$-2.41$-2.01
Shares out.54.6M53.4M53.2M50.8M49.9M49.7M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
5.9%
Net margin
−3.9%
Return on equity
10.4%
Return on assets
−3.0%
Return on capital (ROCE)
8.8%
Liabilities / assets
115.7%
Debt / equity
—
Book value / share
$-5.21
Revenue growth (YoY)
19.6%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-1.95distress
Accruals / assets
−14.4%clean
Piotroski F-Score
7/9strong

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
65
/ 100
Profitability 60Growth 100Catalyst 67Earnings quality 100Financial strength 0

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

● 2 severe● 2 warning● 4 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Reported a net loss
  • High leverage (liabilities > 70% of assets)
  • Operating margin is positive
  • Revenue is growing year-over-year
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20265.0M5.7+2.3%
Apr 30, 20264.9M7.8+12.5%
Apr 15, 20264.3M7.3+12.7%
Mar 31, 20263.9M5.2-12.7%
Mar 13, 20264.4M5.2+12.8%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)

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