Inferra AI / Company / LIND
Lindblad Expeditions Holdings, Inc.
LIND · Industrials
Last earnings Aug 3, 2026
Key results
Revenuequarter
23%
We delivered 23% revenue growth, achieved 86% occupancy on a 5% increase in capacity, and drove a 139% increase in Adjusted EBITDA.
SEC original ↗Lindblad Expeditions Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025
SECOND QUARTER RESULTS Tour Revenues Second quarter tour revenues of $167.9 million increased $31.4 million, or 23%, as compared to the same period in 2024.
SEC original ↗Lindblad Expeditions Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Lindblad segment tour revenues of $111.0 million increased $17.9 million, or 19%, compared to the second quarter a year ago primarily due to a 13% increase in net yield per available guest night to $1,241 driven by higher pricing and an increase in occupancy to 86% from 78% in the second quarter a year ago.
SEC original ↗Lindblad Expeditions Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Land Experiences tour revenues of $56.9 million increased $13.5 million, or 31%, compared to the second quarter a year ago primarily due to operating additional trips and higher pricing.
SEC original ↗Lindblad Expeditions Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Net incomequarter
$9.7 million
Net Income Net loss available to stockholders for the second quarter was $9.7 million, $0.18 per diluted share, as compared with a net loss available to stockholders of $25.8 million, $0.48 per diluted share, in the second quarter of 2024.
SEC original ↗Lindblad Expeditions Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025
AI analysis
Q2 2025 · reported Aug 4, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | 23% | — | — |
| Net income | $9.7 million | — | — |
Guidance · company-stated
“of $725”
“of $108”
Guidance stated in the release's Business Outlook table for the full year 2025; no direction stated — figures as stated in the table.
Capital allocation
As of June 30, 2025, the Company had a total debt position of $635.0 million and was in compliance with all of its applicable debt covenants.
2025 OUTLOOK The Company s current expectations for the full year 2025 are as follows Tour revenues of $725 - $750 million Adjusted EBITDA of $108 - $115 million STOCK REPURCHASE PLAN The Company currently has a $35.0 million stock repurchase plan in place.
Event summary
These results reflect strong momentum behind our strategic initiatives
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
revenues: “revenues of $725”
Adjusted EBITDA: “Adjusted EBITDA of $108”
revenues (“the full year 2025”)
“revenues of $725”
Adjusted EBITDA (“the full year 2025”)
“Adjusted EBITDA of $108”
Guidance stated in the release's Business Outlook table for the full year 2025; no direction stated — figures as stated in the table.
Capital allocation
As of June 30, 2025, the Company had a total debt position of $635.0 million and was in compliance with all of its applicable debt covenants.
SEC original ↗Lindblad Expeditions Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025
2025 OUTLOOK The Company s current expectations for the full year 2025 are as follows Tour revenues of $725 - $750 million Adjusted EBITDA of $108 - $115 million STOCK REPURCHASE PLAN The Company currently has a $35.0 million stock repurchase plan in place.
SEC original ↗Lindblad Expeditions Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025
As of July 31, 2025, the Company had repurchased 875,218 shares and 6.0 million warrants under the plan for a total of $23.0 million and had $12.0 million remaining under the plan.
SEC original ↗Lindblad Expeditions Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025
(8,518 ) (24,667 ) (7,358 ) (28,645 ) Series A redeemable convertible preferred stock dividend 1,223 1,150 2,426 2,287 Net loss available to stockholders $ (9,741 ) $ (25,817 ) $ (9,784 ) $ (30,932 ) Weighted average shares outstanding Basic 54,590,783 53,500,084 54,511,173 53,436,128 Diluted 54,590,783 53,500,084 54,511,173 53,436,128 Undistributed loss per share available to stockholders: Basic $ (0.18 ) $ (0.48 ) $ (0.18 ) $ (0.58 ) Diluted $ (0.18 ) $ (0.48 ) $ (0.18 ) $ (0.58 ) LINDBLAD EXPEDITIONS HOLDINGS, INC.
SEC original ↗Lindblad Expeditions Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Other supplemental adjustments include certain non-operating items such as stock-based compensation, executive severance costs, debt refinancing costs, acquisition-related expenses and other non-recurring charges.
SEC original ↗Lindblad Expeditions Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Adjusted EBITDA is not intended to be a measure of liquidity or cash flows from operations or a measure comparable to net income as it does not take into account certain requirements, such as unearned passenger revenues, capital expenditures and related depreciation, principal and interest payments, and tax payments.
SEC original ↗Lindblad Expeditions Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Strategy & priorities
These results reflect strong momentum behind our strategic initiatives.
SEC original ↗Lindblad Expeditions Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025
We remain focused on unlocking meaningful value through continued revenue growth and disciplined cost innovation, and we are confident in the direction we re heading.
SEC original ↗Lindblad Expeditions Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Lindblad segment Adjusted EBITDA of $16.3 million increased $9.8 million as compared to the same period in 2024, primarily due to increased tour revenues and employee retention tax credits, partially offset by higher royalties and commission expense related to the increased revenues, and increased marketing spend to drive long-term growth initiatives.
SEC original ↗Lindblad Expeditions Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025
The 7.00% Notes are senior secured obligations of the Company and are guaranteed on a senior secured basis by the Company and certain of the Company s subsidiaries (collectively, the Guarantors ) and secured by first -priority pari passu liens, subject to permitted liens and certain exceptions, on substantially all the assets of the Company and the Guarantors.
SEC original ↗Lindblad Expeditions Holdings, Inc. — 10-Q Quarterly report10-QAug 3, 2026
The obligations under the Revolving Credit Facility are guaranteed by the Company and the Guarantors and are secured by first -priority pari passu liens, subject to permitted liens and certain exceptions, on substantially all the assets of the Company and the Guarantors.
SEC original ↗Lindblad Expeditions Holdings, Inc. — 10-Q Quarterly report10-QAug 3, 2026
Risks & headwinds
Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected.
SEC original ↗Lindblad Expeditions Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Legal Proceedings 28 ITEM 1A.
SEC original ↗Lindblad Expeditions Holdings, Inc. — 10-Q Quarterly report10-QAug 3, 2026
Such forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what is expressed or implied in such forward-looking statements.
SEC original ↗Lindblad Expeditions Holdings, Inc. — 10-Q Quarterly report10-QAug 3, 2026
We do not undertake any obligation to release publicly any revisions to such forward-looking statements to reflect events or uncertainties after the date hereof or to reflect the occurrence of unanticipated events.
SEC original ↗Lindblad Expeditions Holdings, Inc. — 10-Q Quarterly report10-QAug 3, 2026
Earnings deck slides
0 decks with slide viewLindblad Expeditions Holdings, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
37 documents- Q2 2026
- 8-KLIND
- 8-KLIND
- 10-QLIND
- Q1 2026
- 8-KLIND
- 8-KLIND
- 10-QLIND
- Q4 2025
- 8-KLIND
- 8-KLIND
- 8-KLIND
- 10-KLIND
- 8-KLIND
- EX-99LIND
- Q3 2025
- 8-KLIND
- EX-99LIND
- 8-KLIND
- 10-QLIND
- Q2 2025
- 8-KLIND
- 8-KLIND
- EX-99LIND
- EX-99LIND
- 8-KLIND
- EX-99LIND
- EX-99LIND
- 8-KLIND
- 10-QLIND
- 8-KLIND
- Q1 2025
- 8-KLIND
- 8-KLIND
- 10-QLIND
- Q4 2024
- 10-KLIND
- 8-KLIND
- 8-KLIND
- Q3 2024
- 8-KLIND
- EX-99LIND
- 8-KLIND
- 10-QLIND
- Q2 2024
- 10-QLIND
Earnings releases
9 documentsPresentations
1 document- Q2 2026
- LINDDeck
Transcripts
0 documentsNo transcripts for Lindblad Expeditions Holdings, Inc. are held in this edition of the library.
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