---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-025454"
form_type: "8-K"
ticker: "LIND"
cik: "0001512499"
company_name: "LINDBLAD EXPEDITIONS HOLDINGS, INC."
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T13:34:51.541182+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lindblad Expeditions reports Q3 revenue $144.8M, net loss narrows to $9.8M, Adj. EBITDA $18.6M

## Summary
- Revenue $144.8M (+$80.3M vs 2021, +$43.8M vs Q3 2019); net loss $9.8M vs $25.7M loss in Q3 2021.
- Adjusted EBITDA $18.6M, up $25.2M from -$6.6M; Lindblad Net Yield $1,014 (+24%), occupancy 81%.
- Bookings for 2023 are 23% ahead of bookings for 2020 at same point in 2019.
- Launched National Geographic Islander II in Galapagos; total debt $572.4M; cash $116.4M.
- Stock repurchase plan: $35M authorized, $23M used, suspended due to Main Street loan restrictions.

## SEC filing metadata
- accession: 0001437749-22-025454
- form_type: 8-K
- ticker: LIND
- cik: 0001512499
- company_name: LINDBLAD EXPEDITIONS HOLDINGS, INC.
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512499/000143774922025454/0001437749-22-025454-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512499/000143774922025454/lindb20221014_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-025454
- JSON: https://secwatch.observer/filing/0001437749-22-025454.json
- Plain text: https://secwatch.observer/filing/0001437749-22-025454.txt

## Key facts
- Earnings Releases
  LINDBLAD EXPEDITIONS HOLDINGS, INC. reported the third quarter ended September 30, 2022 results: revenue $144.8 million, net income $9.8 million, EPS $0.18 per diluted share.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $144.8 million
  - Net income: $9.8 million
  - EPS: $0.18 per diluted share
  - Result: reported results
  source text: Total revenue of $144.8 million increased $80.3 million versus 2021 and $43.8 million compared with the third quarter of 2019
  evidence_url: https://www.sec.gov/Archives/edgar/data/1512499/000143774922025454/0001437749-22-025454-index.htm

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