---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-024478"
form_type: "8-K"
ticker: "LIND"
cik: "0001512499"
company_name: "LINDBLAD EXPEDITIONS HOLDINGS, INC."
filed_at: "2025-08-04T23:59:59+00:00"
generated_at: "2026-05-17T21:25:55.494980+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lindblad Q2 2025 revenue up 23% to $167.9M, adjusted EBITDA +139% to $24.8M

## Summary
- Tour revenue $167.9M (+23% YoY); Lindblad segment net yield $1,241/guest night (+13%).
- Net loss available to stockholders narrowed to $9.7M ($0.18/sh) from $25.8M ($0.48/sh) YoY.
- Adjusted EBITDA $24.8M (+139% YoY); Lindblad segment $16.3M, Land Experiences $8.5M.
- FY 2025 guidance: tour revenue $725-750M; adjusted EBITDA $108-115M.
- $35M stock repurchase plan; $12M remaining as of July 31; 875K shares and 6M warrants repurchased.

## SEC filing metadata
- accession: 0001437749-25-024478
- form_type: 8-K
- ticker: LIND
- cik: 0001512499
- company_name: LINDBLAD EXPEDITIONS HOLDINGS, INC.
- filed_at: 2025-08-04T23:59:59+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/1512499/000143774925024478/0001437749-25-024478-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512499/000143774925024478/lindb20250617_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-024478
- JSON: https://secwatch.observer/filing/0001437749-25-024478.json
- Plain text: https://secwatch.observer/filing/0001437749-25-024478.txt

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