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LINDBLAD EXPEDITIONS HOLDINGS (LIND)

Earnings summaries and quarterly performance for LINDBLAD EXPEDITIONS HOLDINGS.

Recent press releases and 8-K filings for LIND.

Lindblad Expeditions Reports Record Q3 2025 Adjusted EBITDA and Raises Full-Year Guidance
LIND
Earnings
Guidance Update
Debt Issuance
  • Lindblad Expeditions reported Q3 2025 consolidated revenues of $240 million, an increase of 16.6% compared to Q3 2024, with Lindblad and Land segments growing 13.4% and 21.1% respectively.
  • Adjusted EBITDA reached a company-record $57.3 million, a 25% increase year over year, with margins expanding 160 basis points to 23.8%.
  • The company successfully refinanced its debt, issuing $675 million in new senior secured notes at 7%, approximately 75 basis points lower than the prior blended rate, and ended the quarter with $290.1 million in cash.
  • Lindblad raised its full-year 2025 guidance, now expecting revenue between $745-$760 million (up from $725-$750 million) and EBITDA between $119-$123 million (up from $108-$115 million).
  • Operational highlights include 88% occupancy in the Lindblad segment, a 9% increase in net yields to $1,314, and strong booking momentum for 2026 and 2027.
Nov 4, 2025, 2:00 PM
Lindblad Expeditions Reports Strong Q3 2025 Results and Raises Full-Year Guidance
LIND
Earnings
Guidance Update
Debt Issuance
  • Lindblad Expeditions reported strong Q3 2025 results, with consolidated revenues increasing 16.6% to $240,000,000 and Adjusted EBITDA rising 25% to $57,300,000, the highest quarterly EBITDA in company history.
  • The company raised its full-year 2025 guidance, now projecting revenue between $745,000,000 and $760,000,000 and Adjusted EBITDA between $119,000,000 and $123,000,000.
  • Lindblad successfully refinanced its debt by issuing $675,000,000 in new senior secured notes at 7%, approximately 75 basis points lower than the previous rate, while also extending maturities and upsizing its revolving credit facility.
  • Booking trends for 2026 and 2027 are significantly ahead of the prior year, driven by strong demand and strategic capacity expansion, including increased European river cruising voyages.
Nov 4, 2025, 2:00 PM
Lindblad Expeditions Holdings, Inc. Reports Q3 2025 Financial Results
LIND
Earnings
Guidance Update
Debt Issuance
  • Lindblad Expeditions Holdings, Inc. reported total revenue of $240.2 million in Q3 2025, marking a 17% increase from the prior year.
  • Adjusted EBITDA for Q3 2025 grew 25% to $57.3 million.
  • The company recorded a net loss available to stockholders of $49 thousand in Q3 2025, largely due to $23.5 million in debt refinancing expenses.
  • Lindblad refinanced its long-term debt, extending maturity to 2030 and setting the interest rate at 7.00%, which reduced its blended borrowing rate by approximately 75 basis points.
  • The full-year 2025 outlook projects tour revenues between $745 million and $760 million and Adjusted EBITDA between $119 million and $123 million.
Nov 4, 2025, 1:21 PM
Lindblad Expeditions Holdings, Inc. Reports Strong Q3 2025 Revenue and Adjusted EBITDA Growth, Refinances Debt
LIND
Earnings
Guidance Update
Debt Issuance
  • Lindblad Expeditions Holdings, Inc. reported total revenue of $240.2 million, a 17% increase, and Adjusted EBITDA of $57.3 million, a 25% increase, for the third quarter ended September 30, 2025.
  • The company posted a net loss available to stockholders of $49 thousand for Q3 2025, primarily due to $23.5 million in debt refinancing expenses.
  • Operational performance improved with occupancy increasing to 88% from 82% and the Lindblad segment's net yield per available guest night growing 9% to $1,314.
  • Lindblad refinanced its long-term debt, securing a 7.00% interest rate and extending maturity to 2030, which contributed to an S&P Global credit rating upgrade.
  • For the full year 2025, the company projects tour revenues of $745 million to $760 million and Adjusted EBITDA of $119 million to $123 million.
Nov 4, 2025, 12:30 PM

Quarterly earnings call transcripts for LINDBLAD EXPEDITIONS HOLDINGS.