Every 8-K 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 8-K covers material events a company has to report between its quarterly 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 improved second-quarter 2026 results, with total tour revenues of $199.2 million, up 19% year over year, and a net loss available to stockholders narrowing to $1.4 million, or $(0.02) per diluted share, from $9.7 million. Adjusted EBITDA rose 31% to $32.5 million, driven by higher profitability in both the Lindblad and Land Experiences segments.
Lindblad segment tour revenues increased 16% to $129.2 million on 12% higher capacity, a 4% rise in net yield per available guest night to $1,294, and occupancy improving to 91% from 86%. Land Experiences revenues grew 23% to $70.0 million, aided by additional trips and higher pricing. For the first six months of 2026, tour revenues rose 17% to $407.3 million and net income available to stockholders was $4.6 million, compared with a loss in 2025.
Cash, cash equivalents and restricted cash increased to $364.9 million as of June 30, 2026, supported by first-half Free Cash Flow of $93.6 million, against total debt of $675.0 million. The company provided a 2026 outlook for tour revenues of $830–$860 million and Adjusted EBITDA of $130–$140 million, and is utilizing its $35.0 million stock repurchase plan, having bought back $23.0 million of shares and warrants to date.
Lindblad Expeditions Holdings, Inc. reported the results of its 2026 Annual Meeting of Stockholders. Of 65,499,714 common shares outstanding and entitled to vote as of April 14, 2026, 55,003,818 shares were represented in person or by proxy, constituting a quorum.
Stockholders elected L. Dyson Dryden, John M. Fahey, Catherine B. Reynolds and Andy Stuart as Class B directors to serve until the 2029 annual meeting. They also approved, on an advisory basis, the 2025 executive compensation program and ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2026.
Lindblad Expeditions Holdings, Inc. reported strong first quarter 2026 results, with tour revenues rising 16% to $208.0 million and net income available to stockholders improving to $6.0 million, or $0.09 per diluted share, from roughly break-even a year earlier.
Adjusted EBITDA grew 16% to $34.8 million, supported by higher pricing and occupancy. The Lindblad segment’s net yield per available guest night increased 7% to $1,631, and occupancy reached a record 93%, up from 89%. Cash, cash equivalents and restricted cash were $321.1 million as of March 31, 2026, against total debt of $675.0 million.
For full-year 2026, the company expects tour revenues of $800–$850 million and Adjusted EBITDA of $130–$140 million. It also highlighted an active capital return program, having repurchased 875,218 shares and 6.0 million warrants for $23.0 million, with $12.0 million remaining under its $35.0 million stock repurchase plan.
Lindblad Expeditions Holdings, Inc. appointed Rear Admiral Keith Taylor (Ret.) as an executive officer, serving as Chief Maritime Officer, effective March 19, 2026. Taylor, age 64, joined the company in April 2025 and brings more than three decades of U.S. Coast Guard service plus senior cruise line operating experience leading global fleets.
In this role, he will receive an initial annual base salary of $330,000. He is eligible for an annual cash bonus targeted at 75% of base salary, tied to performance objectives set by the Compensation Committee, and annual equity-based awards targeted at 75% of base salary under the company’s equity incentive plan. He also participates in standard senior executive benefit plans, with no related-party or Item 404(a) transactions disclosed.
Lindblad Expeditions Holdings, Inc. entered a material agreement to increase its stake in subsidiary Natural Habitat, Inc. to 95%. On March 3, 2026, the company purchased an additional 5% interest from founder and CEO Ben Bressler for $16,586,787.
After this transaction, Mr. Bressler retains a 5% noncontrolling interest in Natural Habitat, which remains subject to a put/call arrangement under the existing stockholders’ agreement. The deal further consolidates Lindblad’s economic interest in the ecotourism-focused subsidiary.
Lindblad Expeditions Holdings reported strong 2025 growth with record profitability despite remaining in a net loss. Full-year tour revenues rose 20% to $771.0 million, driven by both the Lindblad and Land Experiences segments. Adjusted EBITDA increased 38% to a record $126.2 million, supported by a 14% rise in net yield per available guest night to $1,335 and higher occupancy of 88% versus 78% a year earlier.
Net loss available to stockholders narrowed slightly to $34.6 million, including a $23.5 million loss on extinguishment of debt. The company refinanced long-term debt with $675.0 million of 7.00% senior secured notes maturing in 2030 and expanded its revolving credit facility to $60.0 million. Cash and restricted cash increased to $289.7 million as of December 31, 2025, while total debt was $675.0 million.
On February 3, 2026, all 62,000 shares of Series A preferred stock were mandatorily converted into approximately 9.0 million common shares. Lindblad has a $35.0 million stock repurchase plan, under which it has spent $23.0 million to buy back 875,218 shares and 6.0 million warrants, leaving $12.0 million authorized. The company issued 2026 Adjusted EBITDA guidance of $130–$140 million.
Lindblad Expeditions Holdings, Inc. will mandatorily convert all of its 6.0% Series A Convertible Preferred Stock into common stock. The company issued a Conversion Notice after the volume-weighted average price of its common stock exceeded $14.25 for at least twenty trading days within the thirty trading days ending January 16, 2026, as required by the certificate of designations.
The mandatory conversion will be effective on February 3, 2026, when all 62,000 preferred shares will convert into approximately 9.0 million shares of common stock. Common shares outstanding are currently about 55.4 million and are expected to be about 64.4 million after settlement, assuming no other issuances. After the conversion, no preferred shares will remain outstanding and no additional dividends will accrue or be payable on the preferred stock.
Lindblad Expeditions Holdings, Inc. is updating its fleet plans, announcing that the National Geographic Sea Bird and National Geographic Sea Lion will retire from its fleet in October 2026 after completing their farewell season.
Beginning in 2027, the company plans to expand its Alaska program by chartering the Greg Mortimer, which it says will support more exploration, offer more modern onboard accommodations and common spaces, introduce new itineraries, and further its long-standing expedition travel legacy.
Lindblad Expeditions Holdings, Inc. (LIND) furnished an Item 2.02 update announcing financial results for the third quarter ended September 30, 2025. The company issued a press release on November 4, 2025, which is provided as Exhibit 99.1.
Consistent with General Instruction B.2, the information in Item 2.02, including Exhibit 99.1, is furnished and not deemed filed under the Exchange Act, and is not incorporated by reference into other filings unless specifically referenced.
Lindblad Expeditions Holdings, Inc. is changing its commercial leadership structure as part of efforts to align the organization with its long-term strategic goals. The company is consolidating all direct and trade sales under Kathi Riddle, who has been appointed Senior Vice President and Chief Sales Officer, and has recently added a revenue manager officer role. Neither of these positions is designated as a Section 16 officer. As a result of this reorganization, the company eliminated the Chief Commercial Officer position, and Noah Brodsky will depart effective October 18, 2025. Going forward, revenue and sales functions will report directly to the CEO, Natalya Leahy.
Lindblad Expeditions Holdings, Inc. announced material debt actions in August 2025. The company satisfied and discharged its 2028 notes on August 20, 2025, after calling all outstanding 2028 notes for redemption at 104.500% of principal plus accrued interest. The filing includes a new Indenture for 7.000% Senior Secured Notes due 2030, a form of those notes, and a Third Supplemental Indenture for the 6.750% Senior Secured Notes due 2027. The company also filed an Amendment to its Revolving Credit Agreement and attached press releases announcing the tender offer pricing and early results on August 18–19, 2025.