Growth Metrics

Lindblad Expeditions Holdings (LIND) Cost of Revenue (2016 - 2026)

Lindblad Expeditions Holdings' Cost of Revenue history spans 12 years, with the latest figure at -$193.9 million for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 327.07% to -$193.9 million in Q4 2025 year-over-year; TTM through Dec 2025 was $20.4 million, a 92.64% decrease, with the full-year FY2025 number at $114.7 million, down 68.36% from a year prior.
  • Cost of Revenue hit -$193.9 million in Q4 2025 for Lindblad Expeditions Holdings, down from $30.1 million in the prior quarter.
  • Over the last five years, Cost of Revenue for LIND hit a ceiling of $242.0 million in Q4 2022 and a floor of -$193.9 million in Q4 2025.
  • Historically, Cost of Revenue has averaged $48.3 million across 5 years, with a median of $37.8 million in 2021.
  • Biggest five-year swings in Cost of Revenue: surged 5774.81% in 2021 and later plummeted 327.07% in 2025.
  • Tracing LIND's Cost of Revenue over 5 years: stood at $106.8 million in 2021, then soared by 126.61% to $242.0 million in 2022, then tumbled by 93.29% to $16.2 million in 2023, then soared by 426.16% to $85.4 million in 2024, then crashed by 327.07% to -$193.9 million in 2025.
  • Business Quant data shows Cost of Revenue for LIND at -$193.9 million in Q4 2025, $30.1 million in Q3 2025, and $91.4 million in Q2 2025.