---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-025309"
form_type: "8-K"
ticker: "LIND"
cik: "0001512499"
company_name: "LINDBLAD EXPEDITIONS HOLDINGS, INC."
filed_at: "2026-08-03T11:46:01+00:00"
generated_at: "2026-08-03T11:50:05.542659+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lindblad Q2 revenue up 19% to $199.2M; net loss narrows to $1.4M; EBITDA up 31%

## Summary
- Total revenue $199.2M (+19% YoY); net loss available to stockholders $1.4M ($0.02 loss per share) vs $9.7M loss in Q2 2025.
- Adjusted EBITDA $32.5M (+31% YoY); Lindblad segment net yield $1,294 (+4%); occupancy 91% (up from 86%).
- Full-year 2026 guidance: tour revenues $830-860M, Adjusted EBITDA $130-140M.
- Stock repurchase plan: $35M authorized, $23M used (875K shares + 6M warrants), $12M remaining.
- Cash and equivalents $364.9M; total debt $675.0M; acquired additional stakes in Natural Habitat and Classic Journeys for $19.8M.

## SEC filing metadata
- accession: 0001437749-26-025309
- form_type: 8-K
- ticker: LIND
- cik: 0001512499
- company_name: LINDBLAD EXPEDITIONS HOLDINGS, INC.
- filed_at: 2026-08-03T11:46:01+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/1512499/000143774926025309/0001437749-26-025309-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512499/000143774926025309/lindb20260528_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-025309
- JSON: https://secwatch.observer/filing/0001437749-26-025309.json
- Plain text: https://secwatch.observer/filing/0001437749-26-025309.txt

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