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 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 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 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 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 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.
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 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.
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 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 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.
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.
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