Earnings summaries and quarterly performance for LINDBLAD EXPEDITIONS HOLDINGS.
Executive leadership at LINDBLAD EXPEDITIONS HOLDINGS.
Board of directors at LINDBLAD EXPEDITIONS HOLDINGS.
AS
Alexander Schultz
Detailed
Director
AS
Andy Stuart
Detailed
Director
AR
Annette Reavis
Detailed
Director
CR
Catherine Reynolds
Detailed
Director
DD
Dyson Dryden
Detailed
Director
EB
Elliott Bisnow
Detailed
Director
JF
John Fahey
Detailed
Director
ME
Mark Ein
Detailed
Co-Chair of the Board and Lead Independent Director
PK
Pamela Kaufman
Detailed
Director
SL
Sven-Olof Lindblad
Detailed
Co-Chair of the Board
TS
Tad Smith
Detailed
Director
Research analysts who have asked questions during LINDBLAD EXPEDITIONS HOLDINGS earnings calls.
SW
Steven Wieczynski
Stifel
5 questions for LIND
Also covers: BYD, CCL, CUK +11 more
EW
Eric Wold
B. Riley Securities
4 questions for LIND
Also covers: AMC, BOWL, CNK +15 more
Eric Des Lauriers
Craig-Hallum Capital Group LLC
3 questions for LIND
Also covers: AGFY, COCO, CURLF +17 more
AF
Alex Fuhrman
Craig-Hallum Capital Group LLC
2 questions for LIND
Also covers: APYX, ATER, BNED +22 more
David Hargreaves
Barclays
2 questions for LIND
Also covers: BYD, IGT, PK
MA
Mike Albanese
EF Hutton
2 questions for LIND
Also covers: GFAI, LCII, MBUU +2 more
JG
Jackson Gibb
Stifel, Nicolaus & Company, Incorporated
1 question for LIND
Also covers: OSW
Recent press releases and 8-K filings for LIND.
Lindblad Expeditions Holdings reports record Q4 and full-year 2025 financial results and provides strong 2026 guidance
LIND
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Lindblad Expeditions Holdings (LIND) reported record financial performance for the full year 2025, with revenues reaching $771 million (a 20% increase year-over-year) and Adjusted EBITDA growing 38% to $126.2 million.
- The company achieved record net yields of $1,335 per guest night and significantly improved its net leverage from 4.6x at the end of 2024 to approximately 3.1x by year-end 2025.
- LIND provided strong 2026 guidance, expecting full-year revenues between $800 million and $850 million and Adjusted EBITDA between $130 million and $140 million.
- Booking momentum is robust, with a record wave season and booked revenue for 2026 already surpassing full year 2025 revenue, while 2027 bookings are pacing ahead of 2026.
- Strategic growth initiatives include expanding capacity through acquisitions (two Galápagos ships in 2025) and new charter agreements, optimizing deployment, and driving digital sales, with online bookings increasing 52% year-over-year and outbound sales up 97% in 2025.
1 day ago
Lindblad Expeditions Holdings Reports Record 2025 Results and Strong 2026 Guidance
LIND
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Lindblad Expeditions Holdings reported record full-year 2025 revenues of $771 million, a 20% increase year-over-year, and record Adjusted EBITDA of $126.2 million, up 38%, with EBITDA margins expanding to 16.4%.
- The company significantly strengthened its balance sheet, reducing net leverage from 4.6x at the end of 2024 to approximately 3.1x by year-end 2025, and generated $63.8 million in free cash flow.
- For 2026, Lindblad Expeditions Holdings provided guidance of full-year revenues between $800 million and $850 million and Adjusted EBITDA between $130 million and $140 million, driven by an expected 4.5%-5% increase in available guest nights and 4%-5% increase in Net Yield per Available Guest Night.
- Booking momentum is robust, with 2026 booked revenue already surpassing full-year 2025 revenue and 2027 bookings pacing ahead of 2026 at the same point last year.
1 day ago
Lindblad Expeditions Holdings Reports Record 2025 Financial Results and Provides Strong 2026 Outlook
LIND
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Lindblad Expeditions Holdings reported record financial performance for the full year 2025, with revenues reaching $771 million, a 20% year-over-year increase, and Adjusted EBITDA growing 38% to $126.2 million.
- The company significantly strengthened its balance sheet, improving net leverage from 4.6x at the end of 2024 to approximately 3.1x by year-end 2025, and completed the mandatory conversion of its 6% Series A convertible preferred stock.
- For 2026, Lindblad Expeditions Holdings provided guidance for full-year revenues between $800 million and $850 million and Adjusted EBITDA between $130 million and $140 million.
- Booking momentum remains strong, with a record wave season and 2026 booked revenue already surpassing full year 2025 revenue, while 2027 bookings are pacing ahead of 2026.
1 day ago
Lindblad Expeditions Reports Record 2025 Financial Results and Provides 2026 Outlook
LIND
Earnings
Debt Issuance
Share Buyback
- Lindblad Expeditions reported record full-year 2025 Adjusted EBITDA of $126.2 million, a 38% increase from the prior year, on total revenues of $771.0 million, up 20%.
- The company refinanced its long-term debt with $675.0 million of 7.00% senior secured notes, extending maturity to 2030, and increased its revolving credit facility to $60.0 million.
- On February 3, 2026, all outstanding Preferred Stock was converted into approximately 9.0 million shares of Common Stock.
- For full year 2026, Lindblad Expeditions expects tour revenues of $800 - $850 million and Adjusted EBITDA of $130 - $140 million.
- As of February 23, 2026, $12.0 million remained under the company's $35.0 million stock repurchase plan, with 875,218 shares and 6.0 million warrants already repurchased for $23.0 million.
1 day ago
Lindblad Expeditions Reports Record 2025 Adjusted EBITDA and Provides 2026 Outlook
LIND
Earnings
Guidance Update
Debt Issuance
- Lindblad Expeditions Holdings, Inc. achieved its strongest Adjusted EBITDA performance in company history for the full year 2025, reaching $126.2 million, a 38% increase compared to 2024.
- Total revenues for the full year 2025 increased 20% to $771.0 million, with a net loss available to stockholders of $34.6 million.
- The company refinanced its long-term debt with $675.0 million of 7.00% senior secured notes, extending debt maturity to 2030, and converted all outstanding Preferred Stock into 9.0 million shares of Common Stock on February 3, 2026.
- For the full year 2026, Lindblad Expeditions projects tour revenues between $800 million and $850 million and Adjusted EBITDA between $130 million and $140 million.
1 day ago
Lindblad Expeditions Announces Mandatory Conversion of Preferred Stock
LIND
- Lindblad Expeditions announced the mandatory conversion of all outstanding shares of its 6.0% Series A Convertible Preferred Stock, with an effective date of February 3, 2026.
- The mandatory conversion right was achieved on January 16, 2026, as the volume-weighted average price of the company's common stock exceeded $14.25 for at least 20 out of 30 consecutive trading days.
- This conversion will result in 62,000 shares of Preferred Stock being converted into approximately 9.0 million shares of common stock.
- Following the conversion, Lindblad Expeditions will have approximately 64.4 million shares of common stock outstanding, and no shares of Preferred Stock will remain outstanding.
Jan 20, 2026, 1:08 PM
Lindblad Expeditions Announces Mandatory Conversion of Preferred Stock
LIND
Convertible Preferred Issuance
- Lindblad Expeditions Holdings, Inc. (LIND) has exercised its mandatory conversion right for all outstanding shares of its 6.0% Series A Convertible Preferred Stock.
- The conversion was triggered because the company's common stock volume-weighted average price exceeded $14.25 for at least 20 out of 30 consecutive trading days.
- Effective February 3, 2026, all 62,000 shares of Preferred Stock will be converted into approximately 9.0 million shares of Lindblad common stock, resulting in approximately 64.4 million shares of common stock outstanding and no remaining preferred stock.
- The company's Chief Financial Officer stated that this action further simplifies the capital structure and strengthens the balance sheet.
Jan 20, 2026, 1:00 PM
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
Quarterly earnings call transcripts for LINDBLAD EXPEDITIONS HOLDINGS.
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