---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-014742"
form_type: "8-K"
ticker: "LIND"
cik: "0001512499"
company_name: "LINDBLAD EXPEDITIONS HOLDINGS, INC."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:20:36.400852+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lindblad Q1 revenue up 16% to $208M; net income $6M vs loss prior year

## Summary
- Net income of $6.0M ($0.09 diluted EPS) vs net loss of $0.0M in Q1 2025.
- Total revenue $208.0M (+16%); Adjusted EBITDA $34.8M (+16%).
- Lindblad segment net yield +7% to $1,631; occupancy record 93% (89% prior year).
- Full-year 2026 guidance: revenue $800-850M, Adj. EBITDA $130-140M.
- Stock repurchase plan: $23M used of $35M authorization; $12M remaining as of April 30.

## SEC filing metadata
- accession: 0001437749-26-014742
- form_type: 8-K
- ticker: LIND
- cik: 0001512499
- company_name: LINDBLAD EXPEDITIONS HOLDINGS, INC.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512499/000143774926014742/0001437749-26-014742-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512499/000143774926014742/lindb20260409_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-014742
- JSON: https://secwatch.observer/filing/0001437749-26-014742.json
- Plain text: https://secwatch.observer/filing/0001437749-26-014742.txt

## Source-grounded claims
- claim_id: 7afc134626dc0e26ad91bc82abaf74978e4ca02c
  claim: LINDBLAD EXPEDITIONS HOLDINGS, INC. updated its first quarter ended March 31, 2026 guidance (reaffirmed).
  evidence_excerpt: On May 5, 2026, the Company issued a press release announcing its financial results for its first quarter ended March 31, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1512499/000143774926014742/0001437749-26-014742-index.htm
- claim_id: c90290cf6485cf8de7261c9d0e1f33840ccbbbd9
  claim: LINDBLAD EXPEDITIONS HOLDINGS, INC. reported full year 2026 results: revenue $800 - $850 million. Guidance initiated.
  evidence_excerpt: The Company’s current expectations for the full year 2026 are as follows: ● Tour revenues of $800 - $850 million ● Adjusted EBITDA of $130 - $140 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1512499/000143774926014742/0001437749-26-014742-index.htm

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