Highest-materiality recent filing
Lindblad Q2 revenue up 19% to $199.2M; net loss narrows to $1.4M; EBITDA up 31%
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.
Lindblad Expeditions holds 2026 annual meeting; elects four directors, ratifies auditor
Elected L. Dyson Dryden, John M. Fahey, Catherine B. Reynolds, and Andy Stuart as Class B directors for terms expiring 2029.
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.
New Brand License Agreement replaces 2011 Alliance and Tour Operator agreements effective Jan 1, 2024.
Lindblad Expeditions Q3 revenue up 22% to $176M, net income turns positive, Adj. EBITDA +83%
Net income $4.5M ($0.08 diluted EPS) vs net loss $9.8M ($0.18 loss) a year ago.
Lindblad Q2 revenues up 37% to $124.8M; Adj. EBITDA turns positive at $6.2M
Revenue $124.8M (+37% YoY); net loss $25.6M ($0.48/sh) improved from $30.0M loss a year ago.
Lindblad Expeditions sets CEO compensation: $375k salary, 200k RSUs
Annual base salary of $375,000 for CEO Mr. Lindblad.
Lindblad stockholders elect three Class B directors, approve say-on-pay and auditor ratification
L. Dyson Dryden, John M. Fahey and Catherine B. Reynolds elected as Class B directors for terms expiring in 2026.
CEO Dolf Berle to depart June 30; founder Sven Lindblad returns as CEO
Dolf Berle departing as CEO effective June 30, 2023, to pursue a non-competitive opportunity in Dallas.
Lindblad Q1 revenue $143.4M, net loss narrows to $0.4M; full-year guidance issued
Total revenue $143.4M, up 111% YoY; net loss $0.4M ($0.01/share) vs. $43.0M loss in Q1 2022.
$275M aggregate principal of 9.000% Senior Secured Notes due 2028 issued on May 2, 2023.
Lindblad launches $275M senior secured notes offering, provides preliminary Q1 results
Total tour revenues expected $141-144M for Q1 2023 vs $67.8M in Q1 2022.
Lindblad FY2022 revenue $421.5M, net loss improves to $116.1M; guides FY2023 EBITDA $70-80M
Full year 2022 revenue $421.5M (+187% YoY); net loss $116.1M ($2.23/share) improved from $124.7M loss in 2021.
Lindblad restructures NatHab ownership; amends employment agreement with Bressler through Dec 2025
Transferred NatHab's ownership in Off the Beaten Path and DuVine Cycling + Adventure to Lindblad Expeditions LLC.
Lindblad Expeditions reports Q3 revenue $144.8M, net loss narrows to $9.8M, Adj. EBITDA $18.6M
Revenue $144.8M (+$80.3M vs 2021, +$43.8M vs Q3 2019); net loss $9.8M vs $25.7M loss in Q3 2021.
Lindblad amends Nat Geo agreements with new data protection and security obligations
Added confidentiality, data protection and security requirements to Tour Operator and Alliance agreements.
Lindblad Expeditions Q2 revenue $90.9M, net loss $30.0M; 2023 bookings up 26%
Total revenue $90.9M, up $75.6M vs Q2 2021 and 19% above Q2 2019.
Lindblad Expeditions holds 2022 annual meeting; all board nominees elected
Stockholders elected Bernard W. Aronson, Elliott Bisnow, Alexander P. Schultz, and Thomas S. Smith as Class A directors for terms expiring in 2025.
Amended ECA facilities with Eksfin and Citibank: suspension of Total Net Leverage Ratio covenant extended through December 2022.
Lindblad Q1 loss widens to $43M on $67.8M revenue as operations ramp
Tour revenue of $67.8M vs $1.8M in Q1 2021; net loss $43.0M ($0.85/share) vs $34.6M loss.
Lindblad Expeditions announces departure of Chief Marketing and Commercial Officer David Goodman
David Goodman will depart as Chief Marketing and Commercial Officer effective May 13, 2022.
Lindblad Expeditions dismisses Marcum as auditor, appoints EY; cites material weakness
Dismissed Marcum LLP as independent auditor effective March 9, 2022; no disagreements on accounting principles or audit scope.
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.
While serving as Chief Executive Officer, Mr. Lindblad will step down as Co-Chair of the Company’s Board of Directors.
The Company’s founder and current Co-chair of the Board of Directors, Sven Lindblad, will return as Chief Executive Officer and will work closely with Mr. Berle on a smooth transition.
announced the departure of Chief Executive Officer, Dolf Berle, effective June 30, 2023.
On May 31, 2022, Lindblad Expeditions Holdings, Inc. (the “Company”) announced the appointment of Noah Brodsky as the Company’s new Chief Commercial Officer, effective May 31, 2022 (the “Effective Date”).
Lindblad Expeditions Holdings, Inc. (the “Company”) today announced the departure of David Goodman, Chief Marketing and Commercial Officer for the Company, effective May 13, 2022.
On February 14, 2022, Lindblad Expeditions Holdings, Inc., a Delaware corporation (the “Company”), appointed Alex Schultz, a proven global marketing executive, as a new independent director.
Max materiality 0.90 · Median 0.65 · Most common event earnings