---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-029892"
form_type: "8-K"
ticker: "LIND"
cik: "0001512499"
company_name: "LINDBLAD EXPEDITIONS HOLDINGS, INC."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:02:58.934478+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lindblad Expeditions Q3 revenue up 22% to $176M, net income turns positive, Adj. EBITDA +83%

## Summary
- Net income $4.5M ($0.08 diluted EPS) vs net loss $9.8M ($0.18 loss) a year ago.
- Total revenues $176M (+22%); Lindblad segment rev $108.8M (+30%), Land Experiences $67.2M (+10%).
- Adjusted EBITDA $34.0M (+83%); Lindblad segment $20.1M, Land Experiences $13.8M.
- FY2023 guidance: tour revenue $550-575M, Adj. EBITDA $70-80M.
- Cash, restricted cash, short-term securities $204.8M; issued $275M 9% senior secured notes due 2028 in May.

## SEC filing metadata
- accession: 0001437749-23-029892
- form_type: 8-K
- ticker: LIND
- cik: 0001512499
- company_name: LINDBLAD EXPEDITIONS HOLDINGS, INC.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512499/000143774923029892/0001437749-23-029892-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512499/000143774923029892/lindb20230728_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-029892
- JSON: https://secwatch.observer/filing/0001437749-23-029892.json
- Plain text: https://secwatch.observer/filing/0001437749-23-029892.txt

## Key facts
- Earnings Releases
  LINDBLAD EXPEDITIONS HOLDINGS, INC. reported third quarter ended September 30, 2023 results: revenue $176.0 million, net income $4.5 million, $0.08 per diluted share, EPS $0.08 per diluted share. Guidance reaffirmed.
  - Period: third quarter ended September 30, 2023
  - Revenue: $176.0 million
  - Net income: $4.5 million, $0.08 per diluted share
  - EPS: $0.08 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: ex_550408.htm Exhibit 99.1 Lindblad Expeditions Holdings, Inc. Reports 2023 Third Quarter Financial Results Third Quarter 2023 Highlights: ● Total revenues increased 22% to $176.0 million ● Net income available to stockholders increased $14.3 million to $4.5 million ● Adjusted EBITDA increased 83% to $34.0 million ● Lindblad segment available guest nights
  evidence_url: https://www.sec.gov/Archives/edgar/data/1512499/000143774923029892/0001437749-23-029892-index.htm

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