The strong revenue growth, improved profitability, and ambitious long-term targets suggest Pursuit is successfully executing its strategy. The Flyover sale will streamline the portfolio and provide capital for growth investments. Traders should monitor execution of the Refresh, Build, and Buy strategy and progress toward the 2030 targets.
Price Chart
Executive Summary
Pursuit Attractions & Hospitality reported strong 2025 results with record revenue of $452.4 million, up 23.4% YoY, and adjusted net income of $33.5 million. The company guided for 2026 Adjusted EBITDA of $123-133 million and introduced long-term 2030 targets of over $845 million in revenue and over $265 million in Adjusted EBITDA, supported by a $78.4 million planned sale of its Flyover business.
Key Financial Metrics
Key Facts
- Record full-year revenue of $452.4 million, up 23.4% YoY
- Full-year adjusted net income of $33.5 million, up from $3.7 million in 2024
- 2026 Adjusted EBITDA guidance of $123-133 million, representing ~9% growth at midpoint
- Announced $78.4 million sale of Flyover Attractions business to Brogent Technologies
- Introduced long-term 2030 targets: >$845 million revenue and >$265 million Adjusted EBITDA
Financial Impact
Revenue of $452.4 million, Adjusted EBITDA of $117.1 million in 2025, with 2026 guidance of $123-133 million Adjusted EBITDA
Risk Factors
- Execution risk in achieving long-term 2030 targets
- Integration risk from recent acquisitions like Tabacón
- Dependence on consumer demand for experiential travel, which could be impacted by economic conditions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-071572 |
| Document: prsu-20260225.htm | 0001193125-26-071572 |
| Document: 0001193125-26-071572-index-headers.html | 0001193125-26-071572 |
| Document: 0001193125-26-071572-index.html | 0001193125-26-071572 |
| Document: 0001193125-26-071572.txt | 0001193125-26-071572 |
| CONTEXT: Previous Earnings (2026-02-25) | 0001193125-26-071572 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 20d ago | SC 13G/A | $52.50 | awaiting T+60 | — | $53.85 (+2.57%) |
May 20, 2026 22w ago | 8-K | $43.92 $47.96 | ▲ +9.20% | ▲ +4.19% | $53.85 (+22.61%) |
Apr 15, 2026 27w ago | DEFA14A | $41.24 $53.84 | ▲ +30.55% | ▲ +22.42% | $53.85 (+30.58%) |
Feb 25, 2026 34w ago | 8-K | $34.94 $44.32 | ▲ +26.85% | ▲ +18.67% | $53.85 (+54.12%) |
US Market Status
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