---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-010575"
form_type: "8-K"
ticker: "LIND"
cik: "0001512499"
company_name: "LINDBLAD EXPEDITIONS HOLDINGS, INC."
filed_at: "2022-05-03T23:59:59+00:00"
generated_at: "2026-06-26T01:25:52.451386+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lindblad Q1 loss widens to $43M on $67.8M revenue as operations ramp

## Summary
- Tour revenue of $67.8M vs $1.8M in Q1 2021; net loss $43.0M ($0.85/share) vs $34.6M loss.
- Adjusted EBITDA loss of $21.2M vs $20.8M loss; Lindblad segment loss $21.0M, Land Experiences loss $0.2M.
- Bookings for H2 2022 up 50% vs H2 2019; full-year 2023 bookings up 32% vs 2020 at same point.
- Closed $360M 6.75% senior secured notes due 2027; new $45M revolver; debt at $584.1M as of Mar 31.
- Extended Galapagos Islands operating cupos for additional 20 years; stock buyback plan with $12M remaining, currently suspended.

## SEC filing metadata
- accession: 0001437749-22-010575
- form_type: 8-K
- ticker: LIND
- cik: 0001512499
- company_name: LINDBLAD EXPEDITIONS HOLDINGS, INC.
- filed_at: 2022-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512499/000143774922010575/0001437749-22-010575-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512499/000143774922010575/lindb20220329_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-010575
- JSON: https://secwatch.observer/filing/0001437749-22-010575.json
- Plain text: https://secwatch.observer/filing/0001437749-22-010575.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.