Every 10-Q that Lindblad Expeditions Holdings Inc. (LIND) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LIND and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LIND filings page.
Lindblad Expeditions Holdings, Inc. reported strong growth for the quarter and six months ended June 30, 2026. Tour revenues rose to $199.2M for the quarter and $407.3M for the first half, up 19% and 17% year over year, respectively. First-half operating income increased to $27.6M from $15.0M, and net income attributable to the company improved to $5.1M from a loss of $7.4M, or $0.07 per diluted share versus a loss of $0.18. The second quarter itself showed a small net loss attributable to the company of $1.4M, or $0.02 per share.
Both segments contributed: the Lindblad segment grew tour revenues 16% with occupancy rising to 91–92% and higher net yield per available guest night, while the Land Experiences segment increased tour revenues 19–23% on more guests and higher revenue per guest. Consolidated Adjusted EBITDA reached $67.3M for the first half, up from $54.8M.
Liquidity strengthened with $318.9M in cash and cash equivalents plus $46.0M in restricted cash, against $675.0M of 7.00% senior secured notes and an undrawn $60.0M revolver. Unearned passenger revenues climbed to $439.9M, reflecting strong bookings. During February 2026, all 62,000 Series A preferred shares were mandatorily converted into 9,018,763 common shares, eliminating preferred dividends and what the company describes as a potential $88.0M repurchase obligation.
Lindblad Expeditions Holdings, Inc. reported stronger results for the quarter ended March 31, 2026. Tour revenues rose to $208.0 million from $179.7 million, driven by a 12% increase in guest nights sold and better pricing, lifting operating income to $15.6 million from $10.6 million.
Net income increased to $6.1 million versus $1.0 million a year earlier, with net income available to common stockholders of $6.0 million, or $0.10 basic and $0.09 diluted per share. Adjusted EBITDA improved to $34.8 million from $30.0 million, supported by growth in both the Lindblad and Land Experiences segments.
The company ended the quarter with $275.0 million in cash and cash equivalents and $46.1 million in restricted cash, against $675.0 million of 7.00% senior secured notes. During February 2026, Lindblad converted all 62,000 Series A preferred shares into 9,018,763 common shares, avoiding a potential $88.0 million repurchase at maturity.
Lindblad Expeditions (LIND) reported Q3 2025 results. Tour revenues were $240.2 million, up 17% year over year, with operating income of $35.97 million. Net income was $4.57 million, while net income attributable to Lindblad was $1.19 million. After preferred dividends, net loss available to common stockholders was $0.05 million, or $0.00 per basic share.
For the nine months, tour revenues reached $587.8 million, up 18%, with operating income of $50.99 million and a net loss of $1.38 million. Cash and cash equivalents were $261.78 million as of September 30, 2025, and unearned passenger revenues were $362.28 million, reflecting advance customer deposits.
The company issued $675.0 million of 7.00% senior secured notes on August 20, 2025, and used $667.5 million to repay its 6.75% and 9.00% notes, recording a $23.49 million loss on extinguishment. Long‑term debt (net of costs) was $663.44 million. The revolving credit facility was amended and increased to $60.0 million, with no borrowings outstanding.