LIND · CIK 0001512499 · FY2025 live · 2025-12-31
LINDBLAD EXPEDITIONS HOLDINGS, INC.
View as
Model
Z″
FY2025
−1.95
Zone
Distress
Prior
—
Market DD
—
1y PD
—
−1.95
Classic Z −0.70
Z″ −1.95 · distress below 1.10, grey to 2.60, safe above.
Z″ factor contributions
X1 Working capital / assets
Short-term liquidity. Carries more weight in Z″ than in classic Z.
−0.106.56 × = −0.63X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
−0.423.26 × = −1.37X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
0.056.72 × = 0.31X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names keep turnover from dragging the score.
−0.251.05 × = −0.26
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings.
Meridian Rank
21
0–100 · Z″ family
Book standing
21
Year change
—
Market PD
—
O-score
21
Events on this name
Same published rows as Today.
No published events on this print.
Overview
rule-v1
LINDBLAD EXPEDITIONS HOLDINGS, INC. is on Z″ at −1.95 (distress) for FY2025, from an SEC 10-K. Retained earnings / assets is the line that sets the print. This is the first live year on the desk. No market tape loaded. Z″ omits sales/assets so asset-light names keep turnover from dragging the score. X4 is book equity on every name.
Book screen Distress; market PD —. Market PD has not been priced on this name.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Z″ scores · 17th percentile in Industrials.
Filing line items
Current assets
$368M
Total assets
$980M
Current liabilities
$462M
Total liabilities
$1.1B
Working capital
−$94M
Retained earnings
−$411M
EBIT
$45M
Total sales
$0
Book equity
−$285M
Accession 0001437749-26-005873. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as is a display overlay. X4 is book equity. Pulled 14 Sept 2026.