---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-014616"
form_type: "8-K"
ticker: "LIND"
cik: "0001512499"
company_name: "LINDBLAD EXPEDITIONS HOLDINGS, INC."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T11:37:16.053467+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lindblad Q1 revenue up 17% to $179.7M; Adj. EBITDA up 39% to $30.0M

## Summary
- Net loss improved to $0.04M, essentially breakeven, from $5.1M loss a year ago.
- Lindblad segment occupancy rose to 89% from 76%; net yield per guest night up 25% to $1,521.
- Land Experiences revenue up 38% to $48.6M, helped by Wineland-Thomson acquisition.
- FY2025 guidance: revenue $700-750M, Adjusted EBITDA $100-112M.
- Stock repurchase plan has $12M remaining; 875K shares bought back for $23M through April 30.

## SEC filing metadata
- accession: 0001437749-25-014616
- form_type: 8-K
- ticker: LIND
- cik: 0001512499
- company_name: LINDBLAD EXPEDITIONS HOLDINGS, INC.
- filed_at: 2025-05-06T23:59:59+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/1512499/000143774925014616/0001437749-25-014616-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512499/000143774925014616/lindb20250418_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-014616
- JSON: https://secwatch.observer/filing/0001437749-25-014616.json
- Plain text: https://secwatch.observer/filing/0001437749-25-014616.txt

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