Land-Experience was Lindblad Expeditions Holdings’s largest segment in fiscal 2025, bringing in $523.87M of $796.26M (66%).
| Segment | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salesrevenuenet | — | — | — | — | ||||||
| Lindblad | $308.69M | $511.37M | $560.49M | $272.39M | ||||||
| Land-Experience | $230.62M | $293.94M | $376.32M | $523.87M | ||||||
| Natural Habitat | — | — | — | — | ||||||
| Total | $539.31M | $805.31M | $936.81M | $796.26M |
Lindblad Expeditions Holdings brought in $796.26M from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 15.0% from $936.81M in fiscal 2024. Land-Experience was the largest at $523.87M (65.8%), ahead of Lindblad at $272.39M (34.2%).
Compared with fiscal 2024, Land-Experience grew 39.2% to $523.87M, while Lindblad fell 51.4% to $272.39M. From fiscal 2022 to 2025, combined revenue from these segments grew from $539.31M to $796.26M, a compound annual growth rate of 13.9%. Land-Experience's share of the total rose from 42.8% to 65.8%.
Guest Ticket was Lindblad Expeditions Holdings’s largest product and service line in fiscal 2025, bringing in $584.31M of $718.89M (81%).
| Product and Service | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Guest Ticket | $308.69M | $511.37M | $560.49M | $584.31M |
| Other Tour | $75.71M | $103.08M | $100.50M | $134.59M |
| Total | $384.40M | $614.45M | $660.99M | $718.89M |
Lindblad Expeditions Holdings brought in $718.89M from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That is less than the $796.26M it reports by segment, so these lines do not cover all of its revenue. Guest Ticket was the largest at $584.31M (81.3%), ahead of Other Tour at $134.59M (18.7%).
Compared with fiscal 2024, Other Tour grew 33.9% to $134.59M and Guest Ticket grew 4.2% to $584.31M.
Sales Channel, Directly To Consumer was Lindblad Expeditions Holdings’s largest revenue line in fiscal 2022, bringing in $426.69M of $599.18M (71%).
| Contract With Customer Sales Channel | FY 2022 |
|---|---|
| Sales Channel, Directly To Consumer | $426.69M |
| Sales Channel, Agencies | $132.60M |
| Sales Channel, Affinity | $39.90M |
| Total | $599.18M |
Lindblad Expeditions Holdings brought in $599.18M from its three revenue lines in fiscal 2022, the year ended December 31, 2022. Sales Channel, Directly To Consumer was the largest at $426.69M (71.2%), ahead of Sales Channel, Agencies at $132.60M (22.1%) and Sales Channel, Affinity at $39.90M (6.7%).
Lindblad Expeditions Holdings (LIND) reports its revenue by segment, by product and service and by contract with customer sales channel. In fiscal 2025, Land-Experience was its largest segment, bringing in $523.87M (65.8% of the total), followed by Lindblad at $272.39M (34.2%).
Land-Experience was Lindblad Expeditions Holdings' largest segment in fiscal 2025, bringing in $523.87M, or 65.8% of the $796.26M total across its two segments.
Guest Ticket was Lindblad Expeditions Holdings' largest product and service line in fiscal 2025, bringing in $584.31M, or 81.3% of the $718.89M total across its two product and service lines.
Sales Channel, Directly To Consumer was Lindblad Expeditions Holdings' largest revenue line in fiscal 2022, bringing in $426.69M, or 71.2% of the $599.18M total across its three revenue lines.
Land-Experience grew faster than Lindblad in fiscal 2025, up 39.2% from $376.32M to $523.87M. Lindblad fell 51.4% to $272.39M.
Every figure comes from Lindblad Expeditions Holdings' annual financial filings, as reported. Each line keeps the name Lindblad Expeditions Holdings gives it, and years follow its fiscal calendar.
Lindblad Expeditions Holdings' revenue by segment goes back to fiscal 2014, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.