Highest-materiality recent filing
Lindblad Q1 revenue up 16% to $208M; net income $6M vs loss prior year
Net income of $6.0M ($0.09 diluted EPS) vs net loss of $0.0M in Q1 2025.
Lindblad appoints Keith Taylor as Chief Maritime Officer; base salary $330,000
Appointment effective March 19, 2026; Taylor previously with Carnival Corp. and U.S. Coast Guard.
Lindblad acquires additional 5% of Natural Habitat for $16.6M, raising ownership to 95%
Acquired 5% interest from Ben Bressler, founder/CEO of Natural Habitat, for $16,586,787.
Lindblad reports record 2025 adjusted EBITDA $126.2M, up 38%; guides FY2026 EBITDA $130-140M
Full year 2025 total revenues $771.0M (+20% YoY); net loss $34.6M improved from $35.8M.
Lindblad Expeditions to convert all 62,000 preferred shares into ~9M common shares on Feb 3, 2026
Mandatory conversion triggered by VWAP > $14.25 for 20 of 30 trading days, met Jan 16.
Lindblad to retire Sea Bird & Sea Lion in 2026; charter Greg Mortimer for Alaska expansion
National Geographic Sea Bird and Sea Lion will retire after farewell season ending October 2026.
Revenue $240.2M (+17% YoY); Lindblad net yield $1,314 (+9%), occupancy 88% (vs 82%).
Lindblad eliminates Chief Commercial Officer role; Noah Brodsky departs Oct 18, 2025
Noah Brodsky's position as Chief Commercial Officer eliminated; effective departure date October 18, 2025.
Lindblad issues $675M 7% senior secured notes due 2030 to refinance existing debt
Issued $675M 7.000% notes due 2030; net proceeds used to repurchase 2027 notes and redeem 2028 notes.
Issuer proposes $650M aggregate principal of new senior secured notes due 2030, guaranteed and secured by first-priority lien.
Lindblad Q2 2025 revenue up 23% to $167.9M, adjusted EBITDA +139% to $24.8M
Tour revenue $167.9M (+23% YoY); Lindblad segment net yield $1,241/guest night (+13%).
Lindblad amends NatHab stockholder agreement to perpetual put; extends Bressler employment to 2028
Replaces 2026 put right with perpetual annual put right for Bressler's ~9.9% NatHab stake at 7x EBITDA formula.
Lindblad shareholders approve 4.6M share increase in LTIP, elect directors
Shareholders approved the LTIP amendment, increasing share reserve by 4.6M to 9.3M total shares.
Lindblad Q1 revenue up 17% to $179.7M; Adj. EBITDA up 39% to $30.0M
Net loss improved to $0.04M, essentially breakeven, from $5.1M loss a year ago.
Lindblad Expeditions reports record FY 2024 revenue $644.7M (+13% YoY), Adj. EBITDA $91.2M (+28%)
Q4 2024 tour revenue $148.6M (+19% YoY); net loss $26.2M ($0.48/share) vs $28.5M loss a year ago.
Lindblad closes acquisition of Galapagos vessel operator Torcatt Enterprises for $17M
Closed acquisition of 100% of Torcatt Enterprises Limitada for $17 million on January 9, 2025.
Lindblad Expeditions appoints Natalya Leahy CEO, Rick Goldberg CFO; founder becomes Co-Chair
Natalya Leahy, former Seabourn President, becomes CEO effective Jan. 1, 2025.
Lindblad Q3 earnings: revenue $206M (+17%), net income $21.3M, Adj EBITDA $45.8M (+35%)
Net income available to stockholders $21.3M ($0.36 diluted EPS) vs $4.5M ($0.08) in Q3 2023; a $16.8M increase.
Q2 net loss $25.8M ($0.48/sh), relatively flat YoY; revenue $136.5M (+9%) driven by higher pricing and occupancy.
Lindblad Expeditions closes $30M acquisition of Tanzania safari operator WTA
Aggregate purchase price $24M cash plus $6M in Lindblad common stock (682,593 shares) for WTA and Tanzanian Companies.
Lindblad appoints Reavis and Stuart to board; Aronson retires
Bernard Aronson retired from the Board effective July 15, 2024.
Lindblad Expeditions acquires two Galapagos vessels for $17M, fleet to double by Jan 2025
Agreement to buy 100% of Torcatt Enterprises Limitada for $17M; vessels have 48 and 16 guest capacities.
Class C directors Mark D. Ein, Pamela O. Kaufman, and Sven-Olof Lindblad elected with between 33.6M and 42.5M votes for.
Lindblad Expeditions appoints director L. Dyson Dryden as interim CFO effective June 1
Dryden replaces outgoing CFO Felenstein; search for permanent CFO underway.
Lindblad Q1 revenue up 7% to $153.6M; acquires Wineland-Thomson for ~$30M
Q1 net loss $5.1M ($0.10 EPS) vs $0.4M loss year ago; Adjusted EBITDA $21.6M (down 21%).
Lindblad Expeditions CFO Craig Felenstein departing May 31, 2024
CFO Craig Felenstein to step down effective May 31, 2024; pursuing a non-competitive opportunity.
Lindblad Expeditions buys 194 Natural Habitat shares from founder Ben Bressler for $15.2M
Purchased 194 shares of Natural Habitat from founder Ben Bressler for $15,171,664.
Lindblad Expeditions appoints Pam Kaufman to board as independent director
Pam Kaufman appointed independent director effective March 12, 2024; board expands from 9 to 10 members.
Lindblad Expeditions reports FY23 revenue $569.5M (+35%), Adj EBITDA $71.2M; FY24 guidance $610-630M
Full year net loss available to stockholders improved to $50.0M from $116.1M; diluted EPS -$0.94 vs -$2.23.
On July 15, 2024, the Company appointed two additional independent directors, Ms. Annette Reavis and Mr. Andrew “Andy” Stuart.
On July 15, 2024, Bernard W. Aronson, an independent member of the Board of Directors, announced his retirement from the Board of Directors of Lindblad Expeditions Holdings, Inc., a Delaware corporation (the “Company”) effective immediately.
On July 15, 2024, the Company appointed two additional independent directors, Ms. Annette Reavis and Mr. Andrew “Andy” Stuart.
announced the appointment of L. Dyson Dryden, a director of the Company, as interim Chief Financial Officer for the Company, effective June 1, 2024
On April 22, 2024, Lindblad Expeditions Holdings, Inc. (the “Company”) announced the departure of Craig Felenstein, Chief Financial Officer for the Company, effective May 31, 2024, who is pursuing a non-competitive opportunity.
On March 12, 2024, Lindblad Expeditions Holdings, Inc., a Delaware corporation (the “Company”), appointed Pam Kaufman, a proven global commercial executive in international consumer products, entertainment, and hospitality experiences, as a new independent director.
Max materiality 0.80 · Median 0.65 · Most common event earnings